GreenTree (GHG) director reports 131,167 indirectly held shares on Form 3

Rhea-AI Filing Summary

GreenTree Hospitality Group Ltd. director Xie Bingwu filed an initial ownership report showing indirect holdings of 131,167 Class A Ordinary Shares. These shares are held through GreenTree Inns Hotel Management Group, Inc. The filing does not report any new purchases or sales, only existing ownership.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Xie Bingwu

(Last) (First) (Middle)

FLAT F, 18TH FLOOR, CORONA TOWER

93 CAINE ROAD,MID-LEVELS, CENTRAL

(Street)

HONG KONG K3 00000

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
GreenTree Hospitality Group Ltd. [ GHG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	131,167	I	Shares held by GreenTree Inns Hotel Management Group,Inc.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/Bingwu Xie	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Xie Bingwu’s Form 3 filing for GHG show?

The Form 3 shows that Xie Bingwu indirectly owns 131,167 Class A Ordinary Shares of GreenTree Hospitality Group Ltd. These shares are held through GreenTree Inns Hotel Management Group, Inc. The filing records existing ownership rather than reporting a new transaction.

How many GreenTree (GHG) shares does Xie Bingwu indirectly hold?

Xie Bingwu is reported as indirectly holding 131,167 Class A Ordinary Shares of GreenTree Hospitality Group Ltd. The shares are attributed to GreenTree Inns Hotel Management Group, Inc., rather than to him directly, reflecting indirect ownership through that entity.

Is the GreenTree (GHG) Form 3 a buy or sell transaction?

The Form 3 is not a buy or sell report; it is an initial statement of beneficial ownership. It lists 131,167 Class A Ordinary Shares indirectly held through GreenTree Inns Hotel Management Group, Inc., without disclosing any new purchase or sale activity.

How are Xie Bingwu’s GHG shares held according to the Form 3?

The Form 3 states the 131,167 Class A Ordinary Shares are held indirectly by GreenTree Inns Hotel Management Group, Inc. This indicates ownership through an entity rather than direct personal holdings, which is reflected as indirect ownership in the filing.

Does the GreenTree (GHG) Form 3 indicate recent insider trading activity?

The Form 3 does not indicate recent insider trading activity. It records existing indirect ownership of 131,167 Class A Ordinary Shares held via GreenTree Inns Hotel Management Group, Inc., rather than reporting a new acquisition or disposition transaction.