Atour Lifestyle announces three-year annual dividend policy

Atour Lifestyle announced that, as a part of the company’s ongoing efforts to enhance shareholder value, its Board of Directors has approved a three-year annual dividend policy. Under the Annual Dividend Policy, the company plans to declare and distribute dividends with an aggregate amount of no less than 50% of its net income for the preceding financial year in each of the three financial years commencing this year. The exact dividend amount will be determined at the Board’s discretion, based on its assessment of the company’s actual and projected results of operations, financial and cash position, capital requirements and other relevant factors. In accordance with the Annual Dividend Policy, the Board today declared a cash dividend of 15c per ordinary share, or 45c per American depositary share, each representing three Class A ordinary shares. The aggregate amount of the cash dividend to be distributed will be approximately $62M. The cash dividend will be payable in U.S. dollars on or around September 30 to the holders of record of the company’s ordinary shares and ADSs as of the close of trading on September 17.