Shanghai Jin Jiang International Hotels Development Co Ltd B

A subsidiary of Jin Jiang Hotels has signed a three-year strategic memorandum of understanding with Trip.com Travel Singapore Pte. Ltd. to deepen engagement across the ten ASEAN nations. The collaboration introduces a unified fixed commission structure for participating properties, replacing volatile floating models to enhance transparency and cost predictability for franchisees. The partnership will combine Jin Jiang's offline hospitality portfolio with Trip.com's online global traffic to create a seamless tourism and accommodation ecosystem, addressing overseas customer acquisition challenges and boosting occupancy rates. Jin Jiang has also deployed dedicated development and operations teams in Malaysia, Indonesia, and Vietnam to support localized growth and upcoming property openings across Southeast Asia.

Jin Jiang Hotels announced that it plans to transfer 100% of the equity it directly and indirectly holds in Jin Jiang Food to the related party Jin Jiang City Services for a consideration of 24.67 million yuan. This transaction constitutes a related-party transaction and is expected to generate a pre-tax gain of approximately 13 million yuan. Upon completion, the company will no longer hold any equity in Jin Jiang Food.