GreenTree Hospitality (NYSE: GHG) director reports 134,910 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 134,910 Ordinary Shares. These shares are reported as indirectly owned, with the filing noting that Bingwu Xie holds 0.1477% of GreenTree Inns Hotel Management Group, Inc.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Xie Bingwu

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 134,910 shares (Indirect, Bingwu Xie holds 0.1477% of GreenTree Inns Hotel Management Group, Inc.)

Footnotes (1)

Understanding Insider Trading Forms →

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

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 00000

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

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

3a. Foreign Trading Symbol

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

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

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

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)
Ordinary Shares	134,910	I	Bingwu Xie holds 0.1477% of 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:

Remarks:

This Form 3 supersedes the information previously reported in Table 1 of the earlier Form 3 filing. Please refer to this Form 3 for the updated filing information.

	/s/Bingwu Xie	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

What does GreenTree Hospitality (GHG) director Xie Bingwu report on this Form 3?

The Form 3 reports that director Xie Bingwu indirectly owns 134,910 Ordinary Shares of GreenTree Hospitality Group Ltd. It is an initial ownership statement, not a record of a new purchase or sale transaction.

Is there any buy or sell transaction disclosed for GHG in this Form 3?

No, this Form 3 does not disclose any buy or sell transactions. It only reports existing indirect ownership of 134,910 Ordinary Shares by director Xie Bingwu as of the filing date.

How are the GreenTree Hospitality (GHG) shares held by Xie Bingwu characterized?

The shares are characterized as indirectly owned. The filing states that Bingwu Xie holds 0.1477% of GreenTree Inns Hotel Management Group, Inc., and reports indirect ownership of 134,910 Ordinary Shares of GreenTree Hospitality Group Ltd.

What is the significance of a Form 3 filing for GHG’s director?

A Form 3 is an initial statement of beneficial ownership for insiders such as directors. For GHG, it establishes that director Xie Bingwu indirectly holds 134,910 Ordinary Shares, providing transparency into insider equity positions without indicating any recent trades.

Does the GHG Form 3 show any derivative securities for Xie Bingwu?

No derivative securities are shown for Xie Bingwu in this Form 3. The filing only lists indirect ownership of 134,910 Ordinary Shares, with no options, warrants, or other derivative positions reported in the derivative section.