SALE AND PURCHASE AGREEMENT BY AND AMONG BEIFU FORTUNE INDUSTRIAL CO., LTD. GREENTREE INNS HOTEL MANAGEMENT GROUP, INC. and GREENTREE HOSPITALITY GROUP LTD. Dated as of May 16, 2022Sale and Purchase Agreement • May 17th, 2022 • GreenTree Hospitality Group Ltd. • Hotels & motels • Hong Kong
This Sale and Purchase Agreement (this “Agreement”), dated as of May 16, 2022 (the “Signing Date”), is by and among BEIFU FORTUNE INDUSTRIAL CO., LTD., a company incorporated under the Laws of Hong Kong (the “Seller”), GREENTREE INNS HOTEL MANAGEMENT GROUP, INC., a company incorporated under the Laws of the Cayman Islands, the sole shareholder of the Seller (the “Seller Shareholder”) and GREENTREE HOSPITALITY GROUP LTD., a company incorporated under the Laws of the Cayman Islands (the “Buyer”). Each of the Seller, the Seller Shareholder and the Buyer is referred to individually herein as a “Party” and collectively as the “Parties”.
LETTER AGREEMENTLetter Agreement • May 17th, 2022 • GreenTree Hospitality Group Ltd. • Hotels & motels
This Letter Agreement (this “Agreement”), dated as of May 16, 2022 (the “Signing Date”), is by and among BEIFU FORTUNE INDUSTRIAL CO., LTD., a company incorporated under the Laws of Hong Kong (the “Seller”), GREENTREE INNS HOTEL MANAGEMENT GROUP, INC., a company incorporated under the Laws of the Cayman Islands, the sole shareholder of the Seller (the “Seller Shareholder”) and GREENTREE HOSPITALITY GROUP LTD., a company incorporated under the Laws of the Cayman Islands (the “Buyer”). Each of the Seller, the Seller Shareholder and the Buyer is referred to individually herein as a “Party” and collectively as the “Parties”.
