Our membership program continued to strengthen. As of June 30, 2012, the Home Inns group had 9.2 million unique, active non-corporate members. Increase from 4.3 million as of June 30, 2011. 57.8% of room nights were sold to active non-corporate members during the second quarter of 2012. With our integrated member royalty program, our membership will continue to provide a stable revenue base across all our hotel rents.

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