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[1] from RMB266.9 million in the third quarter. Income from operations increased 17.4% to RMB118.5 million (US$18.2 million) [1] from RMB100.9 million in the third quarter. Adjusted EBITDA (non-GAAP) [1] from RMB110.8 million in the third quarter. Core net income (non-GAAP) increased 18.3% to RMB109.3 million (US$16.8 million) [1] from RMB92.4 million in the third quarter. SHANGHAI, April 14, 2021 /PRNewswire/ GreenTree Hospitality Group Ltd. (NYSE: GHG) ( GreenTree , the Company , we , us and our ), a leading hospitality management group in China, today announced its unaudited financial results for the fourth quarter and fiscal year of 2020. Fourth Quarter of 2020 Operational Highlights A total of 4,340 hotels with 315,335 hotel rooms were in operation as of December 31, 2020, compared to 4,195 hotels and 305,125 hotel rooms as of September 30, 2020.

United statesHong kongLinda bergkampAlex xuKaren huiNicky zhengSelina yangConstance zhangReconciliations of the companyArgyle hotel management group australia pty ltdGreentree hospitality group ltdGt allianceMinistry of cultureHotel operatingWorld largest hotel companiesNumber of hotel rooms in operation