GreenTree Hospitality Group Ltd. announced that Mr. Akira Hirabayashi, an independent director on the company's board of directors, has resigned from his position, effective December 26, 2021, due to personal reasons. Prior to his resignation, Mr. Hirabayashi was a member of each of the Board's audit committee and its nominating and corporate governance committee. The company also announced the appointment of Ms. Yanjie (Catherine) Zhu as an independent director of the Company, and as a member of each of the Board's audit committee and its nominating and corporate governance committee, effective December 31, 2021.

Ms. Yanjie (Catherine) Zhu has served as the finance director of Baozun Inc. since November 2020.