Integrated Business Platform Expansion

Business Overview Hotels As of 31 December 2014, the Group owned 44 Hotels (40 five-star or five-star standard¹ and 4 four-star or four- star standard¹), with a total of 12,433 guest rooms, and another 14 hotels under construction Hotel Asset and Revenue² Million RMB 14,000 12,000 10,000 8,000 Hotel Asset (Left Axis) 803 972 1,200 Hotel Revenue (Right Axis) 1,132 995 1,000 800 600 472 6,000 12,882 12, 228 9,065 400 4,000 7,759 5,392 2,000 200 Note: 0 2010 2011 0 2012 2013 2014 1 Hotels are only allowed to apply for star rating after one year of operation. 2 Asset and no. of hotel are as of 31 Dec of each year; and the revenue is for FY ended 31 Dec 17

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