GreenTree Hospitality Group Ltd. provided revenue guidance for the full year of 2022. For the year, given the large number of Covid outbreaks in many parts of China throughout 2022, business did not improve as the company initially expected, until the easing of restrictions early December. Consequently, the company have adjusted its revenue guidance to 81%-84% of the 2021 levels.

The guidance set forth above reflects the Company's current and preliminary views based on its recovery and may not be indicative of the final financial results for any future periods and the full year.