(Note: The American Depositary Shares (ADS) in this IPO will be issued by Atour Lifestyle Holdings Limited, the holding company incorporated in the Cayman Islands.)

Setting out as an upper midscale hotel chain group, we are now a leading lifestyle brand in China.

We are the largest upper midscale hotel chain in China in terms of room number as of the end of 2020, according to Frost & Sullivan.

As of June 30, 2022, our hotel network covered 834 hotels spanning 151 cities in China, with a total of 96,969 hotel rooms, including 801 manachised hotels with a total of 91,911 manachised hotel rooms, in addition to a pipeline of 343 hotels with a total of 37,795 rooms under development. Our guests can book a stay with us and access our rich product and service offerings through offline and online channels, including our mobile app and Weixin/WeChat mini program.

We built our A-Card loyalty program to enhance our engagement with guests and provide them with a unique and personalized experience. As of June 30, 2022, our A-Card loyalty program had amassed approximately 32 million registered individual members. In 2021, approximately 39.7% of our room-nights were sold to our A-Card members.

**Note: Revenue and net income figures are in U.S. dollars for the fiscal year ended Dec. 31, 2021.

(Note: Atour Lifestyle Holdings Limited priced its IPO on Nov. 10, 2022, at $11.00 – the low end of its $11.00-to-$13.00 range – on 4.75 million American Depositary Shares (ADS) – the same number of shares in the prospectus – to raise $52.25 million. **Each ADS represents three Class A ordinary shares. Atour Lifestyle Holdings Limited disclosed the terms for its revived IPO in an F-1/A filing dated Nov. 7, 2022: 4.75 million American Depositary Shares (ADS) at $11.00 to $13.00 each to raise $57.0 million, if priced at the $12.00 mid-point. The company resurrected its IPO plans with an F-1/A filing dated Oct. 3, 2022, with no terms stated (blank filing) for an IPO with estimated proceeds of $100 million; the company removed FUTU as an underwriter and disclosed financial statements for the six months ending June 30, 2022. Atour Lifestyle Holdings Limited amended its IPO plans with an F-1/A filing dated June 21, 2022, in which no terms were stated (blank filing) for an IPO with estimated proceeds of $100 million; the company also removed Snowball Securities as an underwriter and disclosed financial statements for the year ending Dec. 31, 2021. The IPO’s previous terms were 19.74 million shares at $13.50 to $15.50 to raise $286.23 million, but the deal stalled in June 2021.)