Zhejiang New Century Hotel Management Co., Ltd. is a China-based company mainly engaged in mid-scale to upscale hotel chains business. The Company operates its business through two segments: Hotel Operation segment and Hotel Management segment. Hotel Operation segment is principally engaged in the operation of its own hotels and rental hotels and provides catering services. Hotel Management segment is mainly engaged in hotel full service management business and franchise management business. The Company mainly conducts its business in the Chinese domestic market.