SHANGHAI, CHINA, June 10, 2024 (GLOBE NEWSWIRE) — Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle
company in China, today announced the commencement of a proposed registered underwritten offering by entities affiliated with Legend Capital (“Legend Capital”) of American
depositary shares (the “ADSs”), each ADS representing three Class A ordinary shares of par value US$0.0001 each of the Company. Legend Capital proposes to offer an aggregate of
10,000,000 ADSs (the “Secondary Offering”). The underwriters in the proposed Secondary Offering have a 30-day option to purchase up to 1,500,000 additional ADSs from Legend
Capital. The Company will not receive any proceeds from the sale of the ADSs by Legend Capital.
Immediately after the completion of this Secondary Offering, Legend Capital will beneficially own approximately 7.6% of our issued and outstanding share capital, assuming the underwriters do not
exercise the option to purchase additional ADSs. In connection with this Secondary Offering, Mr. Hongbin Zhou, a director of our company previously appointed by Legend Capital, has tendered his
resignation as our director, effective upon completion of this Secondary Offering.
