RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2025

RELATED PARTY TRANSACTIONS AND BALANCES

Schedule of related parties


Related Party		Nature of the Party		Relationship with the Group
Trip.com Group Limited (“Trip.com”)		Online travel services provider		Mr. Qi Ji is a director; Shareholder of the Group; One officer of Trip.com is a family member of the Group’s director
China Cjia Group Limited (“Cjia Group”)		Apartment Management Group		Equity method investee of the Group
Shanghai Zhuchuang Enterprise Management Co., Ltd. (“Zhuchuang”)		Staged office space company		Equity method investee of the Group
Shanghai Lianquan Hotel Management Co., Ltd. (“Lianquan”)		Hotel management company		Equity method investee of the Group
Huamai (Guangzhou) Hotel Management Co., Ltd. (“Huamai”)		Hotel management company		Equity method investee of the Group
Azure Hospitality Fund I Limited Partnership (LLP) (“Azure”)		Fund		Equity method investee of the Group

Schedule of amounts due from related parties


		As of December 31,
		2024		2025
Trip.com		284		265
Lianquan		49		19
Huamai		26		16
Cjia Group		15		12
Zhuchuang		14		14
Others		24		25
Allowance for expected credit losses		(64)		(37)
Total		348		314

Schedule of amounts due to related parties


		As of December 31,
		2024		2025
Trip.com		41		60
Cjia Group		14		20
Others		19		49
Total		74		129

Schedule of significant related party transactions


		Years Ended December 31,
		2023		2024		2025
Commission expenses to Trip.com		260		297		307
Lease expenses to Trip.com		19		19		19
Lease expenses to Cjia Group		37		36		38
Goods sold and service provided to Cjia Group		17		32		28
Service fee from Trip.com		112		146		116
Service fee from Azure		17		21		21
Sublease income from Lianquan		10		11		—
Sublease income from Cjia Group		5		6		5