Atour Lifestyle Holdings Limited Announces Senior Management Change

Rhea-AI Summary

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) announced the resignation of Ms. Yisong Zhao as Chief People Officer, effective December 31, 2022, due to health reasons. Since joining in 2021, Zhao has significantly contributed to talent building and recruitment, leaving behind a strong team and organizational structure. Atour is recognized as a leading hospitality and lifestyle company in China, specializing in upper midscale hotel chains and innovative retail solutions within the hospitality industry.

Positive

• Ms. Yisong Zhao's contributions have established an effective organizational structure.
• Atour is recognized as a leading upper midscale hotel chain in China.

Negative

• The resignation of a key executive may create uncertainty in leadership.

SHANGHAI, China, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, announced today that Ms. Yisong Zhao has tendered her resignation as the Company’s Chief People Officer due to health reasons, effective on December 31, 2022.

“Since 2021, Ms. Yisong Zhao has made substantial contributions to our talent building and recruitment,” said Mr. Haijun Wang, founder, chairman of the board and Chief Executive Officer of Atour. “She leaves behind an effective organizational structure and energetic team well-positioned to support as the company moves forward. We wish her all the very best.”

About Atour Lifestyle Holdings Limited

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading hospitality and lifestyle company in China, with a distinct portfolio of lifestyle hotel brands. Atour is the leading upper midscale hotel chain in China and is the first Chinese hotel chain to develop a scenario-based retail business. Atour is committed to bringing innovations to China’s hospitality industry and building new lifestyle brands around hotel offerings. For more information, please visit https://ir.yaduo.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

Atour Lifestyle Holdings Limited
Email: ir@yaduo.com

The Piacente Group, Inc.
Email: Atour@tpg-ir.com
Tel: +86-10-6508-0677

FAQ

Who is the new Chief People Officer of Atour?

Atour has not announced a new Chief People Officer following Yisong Zhao's resignation.

What are the contributions of Yisong Zhao to Atour?

Yisong Zhao contributed significantly to talent building and recruitment since 2021.

When did Yisong Zhao resign from Atour?

Yisong Zhao's resignation is effective December 31, 2022.

What is the stock symbol for Atour Lifestyle Holdings?

The stock symbol for Atour Lifestyle Holdings is ATAT.