Nan Fang's questions to GreenTree Hospitality Group Ltd (GHG) leadership • Q1 2024
Question
Nan Fang of QX Capital inquired about GreenTree's dividend policy, the potential for a special dividend, the strategy for restaurant openings, and the company's expansion into higher-end hotel segments.
Answer
Executive Alex Xu confirmed that the company plans to resume its dividend policy, with a formal announcement expected next quarter, while special dividends will be evaluated based on cash position and growth needs. For the restaurant business, Xu outlined a strategy focused on profitability over scale, planning to open 45-50 new, smaller-footprint franchised stores by year-end. He also detailed the expansion in the mid-to-upscale hotel segment through brands like GreenTree Eastern and new boutique concepts to drive ADR growth.