 SHANGHAI, China, March 22, 2021 GLOBE NEWSWIRE -- Huazhu Group Limited NASDAQ: HTHT and HKEX: 1179 Huazhu, we or our, a world-leading hotel group, announced that Huazhu Hospitality Hong Kong Limited a wholly-owned subsidiary of Huazhu, Chengdu Lingchuang Yipin Hotel Management Company Limited 成都领创逸品酒店管理有限公司 a wholly-owned subsidiary of Sunac China Holdings Limited HKEX: 1918 Sunac, together with its subsidiaries the Sunac Group and Chengdu Global Times Exhibition and Travel Development Company Limited 成都环球时代会展旅游发展有限公司 the Strategic Partner had formed a joint venture company, named as Yongle Huazhu Hotel Resort Group 永乐华住酒店管理有限公司 in the Peoples Republic of China China with a total registered capital of RMB 50 million. Each of Huazhu Hospitality Hong Kong Limited, Sunac, and the Strategic Partner holds 50, 40, and 10 of the equity interests in the JV, respectively. The JV is a non-wholly owned subsidiary of Huazhu. 