H World Group Limited Announces Shareholder Return Plan
SINGAPORE and SHANGHAI, China, July 23, 2024 (GLOBE NEWSWIRE) — H World Group Limited (NASDAQ:HTHT and HKEX: 1179) (“H World” or the “Company”), a leading and fast-growing hotel group, today announced that, in order to enhance shareholder value, its board of directors (the “Board”) has approved a three-year shareholder return plan with an aggregate amount of distributions that may be made to the Company’s shareholders of up to US$2,000,000,000, effective from July 23, 2024 (the “Shareholder Return Plan”). Under the Shareholder Return Plan, the Board has the sole discretion to: (i) declare and distribute ordinary dividends semi-annually, the aggregate amount of which for each financial year shall be no less than 60% of the Company’s net income in such financial year (the “Amended Dividend Policy”), and (ii) declare and distribute, from time to time, special dividends and/or make repurchases of American depositary shares (“ADS”) pursuant to the Share Repurchase Program (as defined below), considering the financial position of the Company and otherwise in accordance with its articles of association and Cayman Islands law. The Company has also amended and replaced its existing ordinary dividend policy with the Amended Dividend Policy.