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H World Group (NASDAQ: HTHT) adds investor leader Yanjun Sun to board

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

H World Group Limited announced that its board appointed Yanjun Sun as an independent director, effective July 28, 2026. Sun brings leadership experience from global investment firms and conglomerates, including senior roles at Jardine Matheson, TPG Capital, Goldman Sachs principal investing arm, Morgan Stanley, General Electric and Citigroup.

He currently serves on several other boards, including China National Building Material Company Limited, 1233 International Supply Chain Management, Livi Bank and Market Technology Acquisition Corp. As of March 31, 2026, H World operated 13,215 hotels with 1,303,563 rooms in 21 countries, with 7% of rooms under its leased-and-owned model and 93% under management and franchise models.

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Filing Explained

The July 28 filing updates H World’s amended F-3 registration materials without disclosing a securities offering, issuance, or proceeds amount.

Form 6-K is a foreign private issuer’s interim report for furnishing material home-market information, and this report is dated July 28, 2026.

The filing’s new structural effect is that the report, including Exhibit 99.1, is incorporated by reference into H World’s amended Form F-3 registration statement.

The disclosed action is incorporation by reference; no offering, sale, or issuance terms are provided.

The filing also provides no offering amount, proceeds, or use-of-proceeds terms, so it does not size a financing or establish proceeds received.

The incorporated material remains subject to later documents or reports that may supersede it, as stated in the filing.

Hotels operated 13,215 hotels As of March 31, 2026, hotels in operation in 21 countries
Rooms in operation 1,303,563 rooms As of March 31, 2026, rooms in operation across the portfolio
Countries with hotels 21 countries Geographic footprint as of March 31, 2026
Rooms under L&O model 7% of rooms Share of rooms under leased-and-owned model as of March 31, 2026
Rooms under M&F models 93% of rooms Share of rooms under management and franchise models as of March 31, 2026
independent director regulatory
"appointed Yanjun Sun as an independent director of the Board"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
manachise model financial
"Under the manachise model, H World manages manachised hotels"
master franchisee financial
"H World also has the rights as master franchisee for Mercure"
M&F models financial
"H World’s business includes L&O and M&F models"

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

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FAQ

What board change did H World Group (HTHT) announce in July 2026?

H World Group appointed Yanjun Sun as an independent director effective July 28, 2026. He joins the board with extensive experience in global investment firms and Asian conglomerates, including Jardine Matheson, TPG Capital and Goldman Sachs principal investing arm.

What is the professional background of new H World (HTHT) director Yanjun Sun?

Yanjun Sun has held senior roles at Jardine Matheson, TPG Capital, Goldman Sachs principal investing arm, Morgan Stanley, General Electric and Citigroup. He has deep experience in private market investing, capital markets, mergers and acquisitions and business operations across Greater China and Asia.

How large is H World Group (HTHT) hotel network as of March 31, 2026?

As of March 31, 2026, H World operated 13,215 hotels with 1,303,563 rooms in 21 countries. This portfolio is spread across multiple hotel brands and supported by management and franchise arrangements as well as a smaller leased-and-owned hotel base.

What business models does H World Group (HTHT) use to run its hotels?

H World uses a leased-and-owned (L and O) model and management-and-franchise (M and F) models. Under L and O it directly operates hotels, while under manachise and franchise models it manages or supports franchised hotels and collects fees from franchisees for services and brand use.

What share of H World (HTHT) rooms are under leased-and-owned versus M and F models?

As of March 31, 2026, 7% of H World rooms were under the leased-and-owned model, while 93% were under management and franchise models. This indicates a predominantly asset-light business structure focused on manachise and franchise arrangements.

In how many countries does H World Group (HTHT) operate hotels?

H World operated hotels in 21 countries as of March 31, 2026. Its brands include HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel and several international brands managed or franchised under regional partnership and master franchise agreements.

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

Commission File Number: 001-34656

 

H World Group Limited

(Registrant’s name)

 

No. 1299 Fenghua Road

Jiading District

Shanghai
People’s Republic of China
(86) 21 6195-2011
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

EXPLANATORY NOTE

 

This report on Form 6-K, including Exhibit 99.1 hereto, is hereby incorporated by reference into the registrant’s Registration Statement on Form F-3, as amended, initially filed with the U.S. Securities and Exchange Commission on July 17, 2024 (Registration No. 333-280844), and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

EXHIBIT INDEX

 

Number   Description of Document  
     
Exhibit 99.1   Press Release

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    H World Group Limited
    (Registrant)
     
Date: July 28, 2026 By: /s/ Qi Ji
  Name: Qi Ji
  Title: Executive Chairman of the Board of Directors

 

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Exhibit 99.1

 

H World Group Limited Announces Appointment of Director

 

SINGAPORE and SHANGHAI, July 28, 2026 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a key player in the global hotel industry, today announced that the board of directors of the Company (the “Board”) appointed Mr. Yanjun Sun (“Mr. Sun”) as an independent director of the Board, effective from July 28, 2026.

 

Mr. Sun has leadership experience in a variety of leading global investment firms, and deep knowledge in private market investing, capital markets, mergers and acquisitions, and business operations. He was the group director of Jardine Matheson Limited and the chairman of Jardine Matheson (China) Limited, a diversified multinational conglomerate based in Asia, with responsibility for overseeing and supporting the group’s business development and investment activities across the region from June 2022 to September 2025. He was a partner and co-head of China at TPG Capital, a global alternative asset management firm, where he led private equity investments and facilitated business development efforts for TPG’s global business units in Greater China from August 2011 to November 2018; he continued to serve as a senior advisor to TPG until December 2020. Prior to joining TPG, he was a managing director at Principal Investment Area (PIA), the private equity and principal investing arm of Goldman Sachs, from May 2006 to May 2011. Mr. Sun also worked at Morgan Stanley, General Electric, and Citigroup. Mr. Sun has been an independent non-executive director of China National Building Material Company Limited (HKEX: 3323) since October 2014, a non-executive director of 1233 International Supply Chain Management Co., Ltd. since September 2022, a non-executive director of Livi Bank, a digital bank in Hong Kong, since June 2025, and an independent director of Market Technology Acquisition Corp (NASDAQ: MTAK) since July 2026.

 

Mr. Sun received a bachelor of economics degree in international finance from the Renmin University of China in 1992 and an MBA degree with high distinction from the University of Michigan in 1997.

 

Mr. Qi Ji, the Company’s founder and executive chairman of the Board, warmly welcomes Mr. Sun to the Board. He believes that Mr. Sun’s talents and experience will greatly benefit H World’s long-term sustainable growth.

 

About H World Group Limited

 

Originated in China, H World Group Limited is a key player in the global hotel industry. As of March 31, 2026, H World operated 13,215 hotels with 1,303,563 rooms in operation in 21 countries. H World’s brands include HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, IntercityHotel, Grand JI Hotel, Hi Inn, Ni Hao Hotel, Elan Hotel, Zleep Hotels, Starway Hotel, CitiGO, Manxin Hotel, Madison Hotel, MAXX Hotel, Blossom House, Joya Hotel, Steigenberger Hotels & Resorts, Jaz in the City, Steigenberger Icons and Song Hotels. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.

 

 

 

 

H World’s business includes L&O and M&F models. Under the L&O model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels. As of March 31, 2026, H World operated 7 percent of its hotel rooms under the L&O model, and 93 percent under the M&F model.

 

For more information, please visit H World’s website: https://ir.hworld.com.

 

Contact Information

Investor Relations

Tel: +86 (21) 6195 9561

Email: ir@hworld.com

https://ir.hworld.com

 

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Filing Exhibits & Attachments

1 document