Louvre Hotels Group;

Louvre Hotels Group, an affiliate of Jin Jiang International, is preparing to enter the Hungarian market in the midscale
segment with an 88-room hotel currently under construction in Budapest. The hotel will be
opened in Festetics György Street, next to the Eastern Railway Station, thanks to Accent Hotels support, with their
extensive experience in Hungary, especially in Budapest.

Located in the heart of Budapest, this hotel, with its modern architecture, will integrate perfectly with the
historical heritage of the city.

The hotel's interior design has been entrusted to the Polish design firm Tremend, which has over the past years
developed unique design concepts and modifiable architectural solutions for several Campanile hotels in Poland and
Germany.

"Louvre Hotels Group has an important presence in the region and the opening of our first hotel in Hungary is a new
step in strengthening our leadership by introducing our core brand, Campanile, with a new-built project in a strategic
location," explains Max Cergneux, Louvre Hotels Group's Chief Development Officer.

The first Campanile hotel in Hungary will offer the same quality standards that contribute to Campanile's success
worldwide: light-filled rooms, comfortable bedding, gathering spaces as well as a restaurant serving dishes typical of
local cuisine, prepared with fresh and locally sourced ingredients.

"Campanile has a privileged place in the landscape of midscale hotels because our brand, born in France, is known
worldwide as "the place of good moments", adds Max Cergneux.