H World completes CNY3.35B 2.25% bonds due 2031

H World Group completes a CNY3.35 billion, 2.25% senior bond issue due 2031 and prepares to list the bonds in Hong Kong for professional investors.

Rhea-AI Filing Summary

H World Group Ltd (HTHT) reports it has completed an offshore offering of CNY3.35 billion aggregate principal of CNY‑denominated senior unsecured bonds. The bonds carry a 2.25% coupon and are due in 2031, and the company intends to use the net proceeds for general corporate purposes.

The bonds were issued to non‑U.S. persons in reliance on Regulation S, and are expected to be listed on The Stock Exchange of Hong Kong Limited with debt stock code 85171, effective September 17, 2026. As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 rooms across 21 countries.

Key Figures

Bond principal amount: CNY3,350,000,000 Coupon rate: 2.25% Maturity year: 2031 +5 more

8 metrics

Bond principal amount CNY3,350,000,000 Aggregate principal amount of CNY‑denominated senior unsecured bonds offered

Coupon rate 2.25% Interest rate on the CNY‑denominated senior bonds due 2031

Maturity year 2031 Stated maturity of the CNY‑denominated senior unsecured bonds

HKEX debt stock code 85171 Proposed Hong Kong listing code for the bonds

Hotels operated 13,539 hotels Size of H World’s hotel network as of June 30, 2026

Rooms in operation 1,335,445 rooms Total rooms operated in 21 countries as of June 30, 2026

L&O model share of rooms 7% Portion of rooms operated under the leased-and-owned model as of June 30, 2026

M&F model share of rooms 93% Portion of rooms operated under manachise and franchise models as of June 30, 2026

Key Terms

senior unsecured bonds, Regulation S, professional investors, manachise model, +2 more

6 terms

senior unsecured bonds financial

"offering of CNY3.35 billion aggregate principal amount of CNY-denominated senior unsecured bonds"

Senior unsecured bonds are loans a company issues to investors that have priority for repayment over other unsecured debts but are not backed by specific assets as collateral. Think of them as a high‑priority IOU: if the company runs into trouble, holders are paid before holders of junior debt but after any creditors who have claims on particular assets, so they offer a mix of relative safety and higher yield than secured or higher‑priority loans.

Regulation S regulatory

"in reliance on Regulation S under the United States Securities Act of 1933"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

professional investors financial

"by way of debt issues to professional investors (as defined in Chapter 37"

Professional investors are individuals or organizations whose business is managing money for others or for large pools of capital, such as fund managers, pension funds, insurance companies, and registered investment advisors. They matter to other investors because they trade in larger sizes, gain access to specialized information and deals, and can move markets or set price expectations—think of them as seasoned pilots handling big aircraft compared with casual drivers in small cars.

manachise model financial

"Under the manachise model, H World manages manachised hotels"

L&O model financial

"Under the L&O model, H World directly operates hotels"

franchise model financial

"Under the franchise model, H World provides training, reservations and support"

A franchise model is a business arrangement where a company (the franchisor) lets independent operators (franchisees) use its brand, products, and operating system in exchange for fees and royalty payments. Think of it like a recipe and storefront design that others pay to copy; it lets the parent company grow faster with less capital but gives up some direct control. Investors watch this model because it influences revenue stability, profit margins, capital needs, growth speed and legal or reputational risk tied to independent operators.

FAQ

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

What type of debt offering did H World Group Ltd (HTHT) complete?

H World Group completed an offshore offering of CNY3.35 billion aggregate principal amount of CNY‑denominated senior unsecured bonds, issued to non‑U.S. persons under Regulation S of the U.S. Securities Act of 1933.

What are the key terms of H World Group’s new bonds?

The bonds total CNY3.35 billion, bear interest at 2.25% per annum, and are due 2031. They are senior unsecured obligations of H World Group Limited and are CNY‑denominated.

How will H World Group (HTHT) use the proceeds from the bond issuance?

H World Group states that it intends to use the net proceeds from the CNY3.35 billion bond offering for general corporate purposes, without further breakdown in this disclosure.

Where will H World Group’s new bonds be listed and who can trade them?

Application has been made to list the bonds on The Stock Exchange of Hong Kong Limited under debt stock code 85171, by way of debt issues to professional investors only, as defined in Chapter 37 of the Hong Kong listing rules.

When is the listing of H World Group’s bonds on HKEX expected to become effective?

The listing of and permission to deal in the bonds on The Stock Exchange of Hong Kong Limited is expected to become effective on September 17, 2026, according to the announcement.

How large is H World Group’s hotel network as of June 30, 2026?

As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 rooms in 21 countries, with 7% of rooms under the L&O model and 93% under the M&F model.

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

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Available on EDGAR 09/16/2026 - 06:16 AM Accepted by SEC EDGAR 09/16/2026 - 06:16 AM Learn about SEC filing dates

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 September 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 o

EXHIBIT INDEX

Number		Description of Document
Exhibit 99.1		H World Group Limited Announces Completion of CNY3.35 Billion Offering of CNY-denominated Senior Bonds
Exhibit 99.2		Announcement—Notice of Listing on the Stock Exchange of Hong Kong Limited

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: September 16, 2026	By:	/s/ Qi Ji
	Name:	Qi Ji
	Title:	Executive Chairman of the Board of Directors

3 

Exhibit 99.1

H World Group Limited Announces Completion of

CNY3.35 Billion Offering of

CNY-denominated Senior Bonds

SINGAPORE and SHANGHAI, September 16, 2026 (GLOBE NEWSWIRE) — H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company,” together with its subsidiaries, the “Group”), a key player in the global hotel industry, today announced the completion of its offering of CNY3.35 billion aggregate principal amount of CNY-denominated senior unsecured bonds (the “Bonds”). The Bonds were offered in offshore transactions outside the United States to non-U.S. persons (the “Bond Offering”) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).

The Bond Offering consists of CNY3.35 billion of 2.25 per cent. bonds due 2031.

The Company intends to use the net proceeds from the Bond Offering for general corporate purposes.

The Bonds have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States or to, or for the account or benefit of,

U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The listing of and permission to deal in the Bonds on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) is expected to become effective on September 17, 2026.

1 

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About H World

Originated in China, H World is a key player in the global hotel industry. As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 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 June 30, 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.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s anticipated growth strategies; its future results of operations and financial condition; economic conditions; the regulatory environment; its ability to attract and retain customers and leverage its brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in its filings with the SEC. Further information regarding these and other risks is included in the Company’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

Investor Relations

Tel: +86 (21) 6195 9561

Email: ir@hworld.com

https://ir.hworld.com

2 

Exhibit 99.2

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and is not an invitation or offer to sell or the solicitation of an offer to purchase any securities in the United States or in any other jurisdiction in which such invitation, offer, acquisition, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

NOTICE OF LISTING ON THE STOCK EXCHANGE

OF HONG KONG LIMITED

CNY3,350,000,000 2.25 PER CENT. BONDS DUE 2031

(Debt Stock Code: 85171) (the “Bonds”)

 

H World Group Limited 

華住集團有限公司

(Formerly known as Huazhu Group Limited)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1179)

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Bonds by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only, as described in the offering circular relating thereto dated September 9, 2026. The listing of and permission to deal in the Bonds is expected to become effective on September 17, 2026.

By Order of the Board 

H World Group Limited 

JI Qi 

Executive Chairman

Hong Kong, September 16, 2026

As at the date of this announcement, the board of directors of H World Group Limited comprises Mr. JI Qi, the Executive Chairman, and Mr. Justin Martin LEVERENZ, as directors; Mr. John WU Jiong, Mr. HEE Theng Fong, Ms. CAO Lei, Ms. ZHANG Yi (alias Bonnie Yi ZHANG) and Mr. SUN Yanjun as independent directors.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 14.8 KB
• EX-99.2 EXHIBIT 99.2 6.9 KB