[Registration No.333-165247 9,000,000American Depositary Shares China Lodging, Limited Representing 36,000,000Ordinary Shares This is our initial public offering. We are offering 9,000,000American depositary shares, orSs, each representing four of our ordinary shares, par value US$0.0001 per share. No public market currently exists for our ordinary shares orSs. The initial public offering price perS is US$12.25. OurSs]
[Registration No.333-165247 9,000,000American Depositary Shares China Lodging, Limited Representing 36,000,000Ordinary Shares This is our initial public offering. We are offering 9,000,000American depositary shares, orSs, each representing four of our ordinary shares, par value US$0.0001 per share. No public market currently exists for our ordinary shares orSs. The initial public offering price perS is US$12.25. OurSs]
[PROSPECTUS SUMMARY 1 RISK FACTORS 13 31 USE OF PROCEEDS 32 DIVIDEND POLICY 33 CAPITALIZATION 34 DILUTION 35 EXCHANGE RATE INFORMATION 37 SELECTED CONSOLIDATED FINANCIAL INFORMATION AND OPERATING DATA 38 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 OUR INDUSTRY 64 OUR BUSINESS 73 OUR CORPORATE HISTORY AND STRUCTURE 88 MANAGEMENT 91 PRINCIPAL SHAREHOLDERS 98 OUR]
[PROSPECTUS SUMMARY 1 RISK FACTORS 13 31 USE OF PROCEEDS 32 DIVIDEND POLICY 33 CAPITALIZATION 34 DILUTION 35 EXCHANGE RATE INFORMATION 37 SELECTED CONSOLIDATED FINANCIAL INFORMATION AND OPERATING DATA 38 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 OUR INDUSTRY 64 OUR BUSINESS 73 OUR CORPORATE HISTORY AND STRUCTURE 88 MANAGEMENT 91 PRINCIPAL SHAREHOLDERS 98 OUR]
[Summary 1 Risk Factors 16 47 Use of Proceeds 48 Dividend Policy 49 Capitalization 50 Dilution 51 Exchange Rate Information 52 Enforceability of Civil Liabilities 53 Our History and Corporate Structure 54 Our Relationship with Sohu 58 Selected Consolidated Financial Data 60 Managements Discussion and Analysis of Financial Condition and Results of Operations 63 Business 89 Regulations 107 Management 114]
[Summary 1 Risk Factors 16 47 Use of Proceeds 48 Dividend Policy 49 Capitalization 50 Dilution 51 Exchange Rate Information 52 Enforceability of Civil Liabilities 53 Our History and Corporate Structure 54 Our Relationship with Sohu 58 Selected Consolidated Financial Data 60 Managements Discussion and Analysis of Financial Condition and Results of Operations 63 Business 89 Regulations 107 Management 114]
