Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Second Quarter of 2024 Financial Results SHANGHAI, August 15, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the second quarter of 2024. · Total revenues decreased by 20.5% year over year to RMB 329.7million (US$45.4 million) · Income from operations was RMB84.4 million ...