1、PPHE Hotel Group Annual Report 2011 Annual Report 2011 Delivering on our promiseForward-looking statementsThis annual report and financial statements may contain certain“forward-looking statements”which reflect the Companys and/or the Directors current views with respect to financial performance,bus
2、iness strategy and future plans,both with respect to the Group and the sectors and industries in which the Group operates.Statements which include the words expects,intends,plans,believes,projects,anticipates,will,targets,aims,may,would,could,continue and similar statements are of a future or forwar
3、d-looking nature.All forward-looking statements address matters that involve risks and uncertainties.Accordingly,there are or will be important factors that could cause the Groups actual results to differ materially from those indicated in these statements.Any forward-looking statements in this annu
4、al report and financial statements reflect the Groups current views with respect to future events and are subject to risks,uncertainties and assumptions relating to the Groups operations,results of operations and growth strategy.These forward-looking statements speak only as of the date of this annu
5、al report and financial statements.Subject to any legal or regulatory obligations,the Company undertakes no obligation publicly to update or review any forward-looking statement,whether as a result of new information,future developments or otherwise.All subsequent written and oral forward-looking st
6、atements attributable to the Group or individuals acting on behalf of the Group are expressly qualified in their entirety by this paragraph.Nothing in this publication should be considered as a profit forecast.Contents01 2011 highlights02 Financial KPIs03 Chairmans statement04 ChiefExecutiveOfficers