Since the first hotel launched in 2005, HanTing is committed to providing travelers with high‐quality, conveniently‐located, and reasonably priced hotel products. Based on our customers’ various and evolving demand and affordability, HanTing developed three limited‐service hotel products targeting three segments of customers with distinct age and income levels. As of December 31, 2011, we had 639 hotels and 71,621 rooms in 100 cities across China. More than 4.4 million prestige guests have registered in our HanTing Club. With growth of China’s leisure and business travelers and emerging middle class, HanTing is expanding rapidly and is well positioned to No.1 in Growth Expansion in 2011 Hotels Added 201 capture the great opportunity emerged from limited‐service hotel sector.