Shanghai Jin Jiang International Hotels (Group) Company Limited ("Jin Jiang Hotels") is one of the leading hotel operators and managers in the PRC, which is principally engaged in star-rated hotel operation and management, budget hotel operation and franchising as well as restaurant operation. Jin Jiang Hotels has been licensed to use the reputable "Jin Jiang" and "Jin Jiang Inn" trademarks and operates or has under development in aggregate over 270 hotels including landmark hotels, luxury hotels, commercial hotels and Jin Jiang Inn budget hotels, providing over 54,000 rooms in aggregate. Jin Jiang Hotels caters to the needs of different customers by its horizontally integrated hospitality platform ranging from the classic Jin Jiang Hotel and Peace Hotel to the economic Jin Jiang Inn Budget Hotels.