Qi Ji details large H World Group (HTHT) share and option holdings

Rhea-AI Filing Summary

H World Group Ltd director Qi Ji filed an initial ownership report detailing his interests in the company’s securities. The filing lists restricted stock units covering 28,963,620 ordinary shares from a 2024 grant and 7,039,780 ordinary shares from a 2023 grant, both vesting over multiple years. It also shows stock options over 8,045,450 ordinary shares at an exercise price of $2.8000 per share expiring on May 31, 2033. In addition, Qi Ji holds 15,529,950 ordinary shares directly and 375,000 ordinary shares represented by American depositary shares directly, plus indirect interests in 701,477,540 ordinary shares and 431,270 ordinary shares represented by American depositary shares through the Ji Family Trust and related entities, over which he exercises investment control.

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^*

JI QI

(Last) (First) (Middle)

NO. 1299 FENGHUA ROAD

(Street)

SHANGHAI F4 201803

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
H World Group Ltd [ HTHT ]

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)
Ordinary Shares	15,529,950	D
Ordinary Shares	701,477,540	I	See Footnote(1)
Ordinary Shares (represented by American depositary shares)	375,000	D
Ordinary Shares (represented by American depositary shares)	431,270	I	See Footnote(1)

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
Restricted Stock Units	(2)	(2)	Ordinary Shares	28,963,620	(3)	D
Restricted Stock Units	(4)	(4)	Ordinary Shares	7,039,780	(3)	D
Stock Options (right to buy)	(5)	05/31/2033	Ordinary Shares	8,045,450	$2.8(6)	D

Explanation of Responses:

1. The ordinary shares / ordinary shares represented by American depositary shares are held by Winner Crown Holdings Limited ("Winner Crown"), a British Virgin Islands company wholly owned by Sherman Holdings Limited ("Sherman"), a Bahamas company. Sherman is owned 100% by vote and value by the Ji Family Trust, which is a revocable trust valid under the laws of the Republic of Singapore. Butterfield Trust (Asia) Limited acts as trustee of the Ji Family Trust, of which Mr. Qi Ji and his family members are the beneficiaries. Qi Ji, as the settlor of the trust, reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust, and may be deemed to beneficially own the shares directly owned by Winner Crown.

2. These restricted stock units were granted on January 17, 2024 and are scheduled to vest in ten installments on a yearly basis over a ten-year period ending on December 31, 2034.

3. Each restricted stock unit represents the right to receive, upon vesting, one ordinary share.

4. These restricted stock units were granted on May 31, 2023 in five batches, each of which is scheduled to vest in 5 installments, with 50% on the second anniversary of the vesting start date and 1/8 on the last day of each succeeding six-month period ending on May 31, 2031.

5. These options were granted on May 31, 2023 in five batches, each of which is scheduled to vest in 25 installments, with 50% on the second anniversary of vesting start date and 1/48 on the first day of each month of the next 24 months ending on May 31, 2031.

6. Each option represents the right to receive, upon exercise, one ordinary share.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Fan You, Attorney-in-Fact for Qi Ji	03/16/2026
	** 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 Qi Ji’s Form 3 filing for H World Group (HTHT) show?

The Form 3 reports Qi Ji’s existing holdings in H World Group, including ordinary shares, American depositary share interests, restricted stock units, and stock options. It establishes his baseline beneficial ownership as a director, rather than disclosing any new share purchases or sales.

How many restricted stock units does Qi Ji report in H World Group (HTHT)?

Qi Ji reports restricted stock units linked to 28,963,620 ordinary shares from a 2024 grant and 7,039,780 ordinary shares from a 2023 grant. Each unit converts into one ordinary share upon vesting, with vesting schedules running through 2031 and 2034 respectively.

What stock options does Qi Ji hold in H World Group (HTHT)?

Qi Ji holds stock options over 8,045,450 ordinary shares with an exercise price of $2.8000 per share. These options were granted in 2023, vest in multiple installments, and are scheduled to expire on May 31, 2033, if not exercised earlier.

How many ordinary shares of H World Group (HTHT) does Qi Ji own directly?

The filing shows Qi Ji directly owns 15,529,950 ordinary shares, along with 375,000 ordinary shares represented by American depositary shares. These positions are separate from his indirect holdings through trust and holding company structures associated with the Ji Family Trust.

What indirect H World Group (HTHT) holdings are attributed to Qi Ji?

Indirectly, 701,477,540 ordinary shares and 431,270 ordinary shares represented by American depositary shares are held via Winner Crown Holdings and the Ji Family Trust. Qi Ji, as settlor with investment control, may be deemed to beneficially own these securities under the trust structure.

Does Qi Ji’s Form 3 for H World Group (HTHT) include new share transactions?

The Form 3 does not report new purchases or sales; it lists existing positions as of the reporting date. Entries are coded as holdings, with no buy or sell transaction codes, reflecting baseline ownership disclosure required when a person becomes a reporting insider.