Liu Wei's questions to Atour Lifestyle Holdings Ltd (ATAT) leadership • Q2 2024
Question
Liu Wei from CITIC Securities asked about the company's new three-year dividend plan, seeking guidance on the expected payout ratio for the next two years and inquiring if other shareholder return methods, like share buybacks, are being considered.
Answer
Founder, Chairman and CEO Haijun Wang confirmed the policy to distribute an aggregate amount of no less than 50% of the preceding year's net income annually for three years. He noted that while the company is in a rapid growth phase and needs flexibility, it will also continue to explore other feasible ways to share growth benefits with shareholders beyond cash dividends.