STOCK PURCHASE AGREEMENT, dated as of December 4, 2019 (this “Agreement”), between AAPC Hong Kong Limited (“Seller”), a company incorporated under the laws of Hong Kong, and the purchaser listed on Schedule I attached hereto (the “Purchaser”).Stock Purchase Agreement • December 10th, 2019 • Accor • Hotels & motels • New York
WHEREAS, Seller is the beneficial owner of 24,895,543 ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), of Huazhu Group Limited, a company incorporated under the laws of the Cayman Islands (“HTHT”), and 4,980,000 American Depositary Shares evidenced by American Depositary Receipts, each American Depositary Share representing one Ordinary Share, issued under the Deposit Agreement, dated as of March 25, 2010, by and among HTHT, Citibank, N.A., as depositary, and all holders and beneficial owners of American Depositary Shares issued thereunder (as amended from time to time); and
