GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2022

SHANGHAI,April 29,2023 -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"),a leading hospitality management group in China,today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31,2022 with the U.S. Securities and Exchange Commission ("SEC") on April 28,2023.

The annual report can be accessed on the Company's investor relations website at http://ir.998.com/as well as the SEC's website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements,free of charge,to its shareholders and ADS holders upon request. Requests should be directed to the Company's IR Department at ir@998.com.

About GreenTree Hospitality Group Ltd.

GreenTree Hospitality Group Ltd. ("GreenTree" or the "Company") (NYSE: GHG) is a leading hospitality management group in China. As of December 31,2022,GreenTree had a total number of 4,059 hotels. In 2021,HOTELS magazine ranked GreenTree Top 11 Ranking among 225 largest global hotel groups in terms of number of hotels in its annual HOTELS' 225. GreenTree was also the fourth largest hospitality company in China in 2021 based on the statistics issued by the China Hospitality Association.

GreenTree has a broad portfolio of diverse brands spanning from the economy to mid-scale and up-scale segments of the hospitality industry mainly in China. Through its strong membership base,expansive booking network,superior system management with moderate charges,and fully supported by its operating departments including Decoration,Engineering,Purchasing,Operation,IT and Finance,GreenTree aims to keep closer relationships with all of its clients and partners by providing a diverse brand portfolio that features comfort,style and value.

For more information on GreenTree,please visit http://ir.998.com.

Or contact:

GreenTree

Ms. Selina Yang

Phone: +86-158-2166-6251

E-mail: ir@998.com

Mr. Allen Wang

Phone: +86-181-0184-0639

E-mail: ir@998.com

Christensen

In Shanghai

Mr. Jerry Xu

Phone: +86-138-1680-0706

E-mail:jxu@christensenIR.com

InHong Kong

Ms.Karen Hui

Phone: +852-9266-4140

E-mail:khui@christensenIR.com

In U.S.

Ms.Linda Bergkamp

Phone: +1-480-614-3004

Email:lbergkamp@ChristensenIR.com