GreenTree CEO discloses 38,174,681-share holding

GreenTree Hospitality Group Ltd. director, CEO, chairman and 10% owner Xu Alex Shuguang filed an initial Form 3 reporting indirect beneficial ownership of 38,174,681 Ordinary Shares.

Rhea-AI Filing Summary

GreenTree Hospitality Group Ltd. director, CEO, chairman and 10% owner Xu Alex Shuguang filed an initial Form 3 reporting indirect beneficial ownership of 38,174,681 Ordinary Shares. These shares are held through a parent company, and the filing does not report any new purchases or sales.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Xu Alex Shuguang

Role CEO

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

Holdings After Transaction: Ordinary Shares — 38,174,681 shares (Indirect, Through parent company)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Xu Alex Shuguang’s Form 3 filing for GHG show?

The Form 3 shows Xu Alex Shuguang’s initial reported beneficial ownership of 38,174,681 GreenTree Hospitality Ordinary Shares. These shares are held indirectly through a parent company and reflect his status as a director, CEO, chairman and 10% owner.

Did Xu Alex Shuguang buy or sell GreenTree (GHG) shares in this Form 3?

No, the Form 3 does not report any buys or sells of GreenTree shares. It is an initial ownership statement listing 38,174,681 Ordinary Shares held indirectly through a parent company, with only a holding entry and no transaction codes.

How many GreenTree (GHG) shares does Xu Alex Shuguang report owning?

He reports beneficial ownership of 38,174,681 Ordinary Shares of GreenTree Hospitality Group Ltd. The shares are reported as indirectly owned through a parent company, reflecting his position as a major shareholder alongside his executive and board roles.

Is Xu Alex Shuguang a major shareholder of GreenTree Hospitality (GHG)?

Yes, he is identified as a 10% owner in addition to serving as director, CEO and chairman. The Form 3 shows indirect beneficial ownership of 38,174,681 Ordinary Shares, indicating a substantial equity stake held through a parent company structure.

What type of ownership does Xu Alex Shuguang report in GreenTree (GHG)?

The filing reports indirect ownership of 38,174,681 Ordinary Shares, described as held “Through parent company.” This means the shares are owned via another entity rather than directly in his own name, but are still attributed to him as beneficially owned.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 10:57 AM Learn about SEC filing dates

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^*

Xu Alex Shuguang

(Last) (First) (Middle)

1058 YANGSHUPU ROAD, 3F

(Street)

SHANGHAI 200082

(City) (State) (Zip)

CHINA

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

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	38,174,681	I	Through parent company

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:

	Alex Shuguang Xu	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.
* Form 3: SEC 1473 (03-26)