Home Inns Group Announces New Independent Director and Co-Chairman of the
Board of Directors
SHANGHAI, Jan. 2, 2013
SHANGHAI, Jan. 2, 2013 /PRNewswire/ --Home Inns & Hotels Management Inc.
(NASDAQ: HMIN) ("Home Inns Group" or "the Company"), a leading economy hotel
chain in China, today announced the appointment of Mr. Yi Liu as an
independent director and co-chairman of the board of directors of the Company,
replacing Mr. Yunxin Mei, effective on January 1, 2013. Mr. Mei will remain
as a senior consultant to the Company following his retirement.
Mr. Liu is the vice chairman and CEO of Beijing Tourism Group, whose main
business includes hotel management, travel agency services, retail sales,
catering services, auto services, sightseeing destinations and real estate
development. Mr. Liu also serves as the chairman of Beijing Summer Palace
Hotel Co., Ltd., which is the owner of a high-end boutique hotel, Aman at
Summer Palace. In addition, Mr. Liu also serves on the boards of several
other companies, including China CYTS Tours Holding Co., Ltd., Century
Securities Co., Ltd., and Poly Victory Investments Limited. Previously, Mr.
Liu served as chairman of Beijing Capital Tourism Co., Ltd, a listed company
on China's A-share market, chairman of Beijing Shouqi Group Co. Ltd, and
chairman of BTG International Travel & Tours.Mr. Liu led the successful
listing of Beijing Capital Tourism Co., Ltd on China's A-share market in 2000
and the restructuring of New Yansha Group and Xidan Shopping Center, entities
formerly owned by Beijing Capital Retailing Group Co. Ltd., another listed
company on China's A-share market in 2010. Mr. Liu graduated from the
International School of Science and Tourism in Italy and received his EMBA
degree from Tsinghua University in China.
"We would like to thank Mr. Mei for his dedication and contribution to Home
Inns Group's rapid growth over the years. Mr. Mei has served as a director and
co-chairman of the board of directors since May 2004 and we are pleased that
we can continue to benefit from his input as a senior consultant to the
Company after his retirement." said Mr. Neil Shen, co-chairman of the board of
directors of Home Inns Group. "On behalf of the entire board, I would like to
welcome Mr. Liu.Mr. Liu has over 30 years of experience in the Chinese
tourist industry.We believe his extensive experience and industry expertise
are valuable additions to the board and beneficial to the continuous growth
and development of Home Inns Group."
About Home Inns Group
Home Inns Group is a leading economy hotel chain in China based on the number
of hotels and hotel rooms as well as geographic coverage. Since Home Inns
Group commenced operations in 2002, it has built Home Inn as one of the
best-known economy hotel brands in China. In October of 2011, Home Inns Group
acquired Motel 168, another well-known hotel chain in China, as its second
economy hotel brand. Home Inns Group aims to offer a consistent product and
high-quality services to primarily serve the fast growing population of
value-conscious individual business and leisure travelers who demand clean,
comfortable and convenient lodging. Home Inns Group's ADSs, each of which
represents two ordinary shares, are currently trading on the NASDAQ Global
Select Market under the symbol "HMIN."For more information about Home Inns
Group, please visit http://english.homeinns.com.
For investor and media inquiries, please contact:
Home Inns & Hotels Management Inc.
Tel: + 86-21-3401-9898*2504
SOURCE Home Inns & Hotels Management Inc.
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