Exhibit 99.2

Huazhu Group Limited

Unaudited Condensed Consolidated Balance Sheets

(RMB in millions, except share and per share data, unless otherwise stated)

	As of December 31, 2019		As of June 30, 2020
					(US$ in millions)
			(Unaudited)

ASSETS
Current Assets:
Cash and cash equivalents	3,234		3,699		524
Restricted cash	10,765		1,368		194
Short-term investments	2,908		1,504		213
Account receivable, net	218		426		60
Loan receivables, net	193		238		34
Amounts due from related parties	182		182		26
Inventories	57		92		13
Income tax receivables	—		3		0
Other current assets, net	699		854		121
Total current assets	18,256		8,366		1,185

Property and equipment, net	5,854		6,568		930
Intangible assets, net	1,662		5,928		839
Operating lease right-of-use assets	20,875		29,321		4,150
Finance lease right-of-use assets	—		1,792		254
Land use rights, net	215		211		30
Long-term investments	1,929		1,888		267
Goodwill	2,657		5,402		765
Loan receivables, net	280		270		38
Other assets, net	707		740		105
Deferred tax assets	548		857		121

Total assets	52,983		61,343		8,684

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	8,499		5,821		824
Accounts payable	1,176		1,343		190
Amounts due to related parties	95		92		13
Salary and welfare payables	491		505		72
Deferred revenue	1,179		1,280		181
Operating lease liabilities, current	3,082		3,452		489
Finance lease liabilities, current	—		27		4
Accrued expenses and other current liabilities	1,856		1,700		241
Dividends payable	678		-		-
Income tax payable	231		131		18
Total current liabilities	17,287		14,351		2,032

Long-term debt	8,084		9,240		1,308
Operating lease liabilities, non-current	18,496		27,553		3,900
Finance lease liabilities, non-current	—		2,210		313
Deferred revenue	559		553		78
Other long-term liabilities	566		687		97
Retirement benefit obligations	—		123		17
Deferred tax liabilities	491		1,820		258
Total liabilities	45,483		56,537		8,003

Equity:
Ordinary shares	0		0		0
Treasury shares	(107	)	(107	)	(15	)
Additional paid-in capital	3,834		3,901		552
Retained earnings	3,701		1,011		144
Accumulated other comprehensive income (loss)	(49	)	(69	)	(10	)

Total Huazhu Group Limited shareholders’ equity	7,379		4,736		671
Noncontrolling interest	121		70		10

Total equity	7,500		4,806		681

Total liabilities and equity	52,983		61,343		8,684

Huazhu Group Limited

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)

(RMB in millions, except share and per share data, unless otherwise stated)

	For the three months ended June 30
	2019		2020
					(US$ in millions)
	(Unaudited)		(Unaudited)
Revenue
Leased and owned hotels	2,001		1,236		175
Manachised and franchised hotels	803		676		96
Others	55		41		6
Net revenues	2,859		1,953		277
Operating costs and expenses:
Hotel operating costs:
Rents	646		833		118
Utilities	79		91		13
Personnel costs	453		508		72
Depreciation and amortization	237		320		45
Consumables, food and beverage	201		185		26
Others	127		198		28
Total hotel operating costs	1,743		2,135		302
Other operating costs	17		7		1
Selling and marketing expenses	102		107		15
General and administrative expenses	247		263		37
Pre-opening expenses	122		99		14
Total operating costs and expenses	2,231		2,611		369
Other operating income, net	29		164		23
Income (Loss) from operations	657		(494	)	(69	)
Interest income	41		26		4
Interest expense	(83	)	(142	)	(20	)
Other income, net	135		21		3
Unrealized gains (losses) from fair value changes of equity securities	149		(34	)	(5	)
Foreign exchange gain (loss)	35		34		5
Income (Loss) before income taxes	934		(589	)	(82	)
Income tax (expense) benefit	(286	)	68		10
(Loss) from equity method investments	(43	)	(33	)	(5	)
Net income (loss)	605		(554	)	(77	)
Net loss attributable to noncontrolling interest	8		6		1
Net income (loss) attributable our Company	613		(548	)	(76	)

Other comprehensive income:
Gain arising from defined benefit plan, net of tax	—		4		1
Foreign currency translation adjustments, net of tax	(64	)	43		6
Comprehensive income (loss)	541		(507	)	(70	)
Comprehensive loss attributable to noncontrolling interest	8		6		1
Comprehensive income (loss) attributable to Huazhu Group Limited	549		(501	)	(69	)
Earnings (Losses) per share/ADS:
Basic	2.16		(1.91	)	(0.27	)
Diluted	2.05		(1.91	)	(0.27	)
Weighted average number of shares used in computation:
Basic	284,029,267		286,473,344		286,473,344
Diluted	304,526,084		286,473,344		286,473,344

Huazhu Group Limited

Unaudited Condensed Consolidated Statements of Cash Flows

(RMB in millions, except share and per share data, unless otherwise stated)

	For the three months ended June 30
	2019		2020
					(In millions of US$)
	(Unaudited)		(Unaudited)

Operating activities:
Net income (loss)	605		(554	)	(77	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Share-based compensation	31		38		5
Depreciation and amortization, and other	252		359		51
Impairment loss	—		16		2
Loss from equity method investments, net of dividends	43		33		5
Investment (income) loss	(194	)	(11	)	(1	)
Changes in operating assets and liabilities	382		470		66
Other	42		161		23
Net cash provided by operating activities	1,161		512		74

Investing activities:
Capital expenditures	(301	)	(339	)	(48	)
Acquisitions, net of cash received	(25	)	(0	)	(0	)
Purchase of long-term investments	(148	)	(0	)	(0	)
Proceeds from maturity/sale of long-term investments	—		35		5
Loan advances	(149	)	(24	)	(3	)
Loan collections	66		47		6
Other	4		—		—
Net cash used in investing activities	(553	)	(281	)	(40	)

Financing activities:
Net proceeds from issuance of ordinary shares upon exercise of options	7		0		0
Proceeds from debt	1,682		4,291		607
Repayment of debt	(2,756	)	(2,930	)	(414	)
Dividend paid	—		—		—
Other	13		(12	)	(2	)
Net cash provided by (used in) financing activities	(1,054	)	1,349		191

Effect of exchange rate changes on cash, cash equivalents and restricted cash	54		12		2
Net (decrease) increase in cash, cash equivalents and restricted cash	(392	)	1,592		227
Cash, cash equivalents and restricted cash at the beginning of the period	4,457		3,475		491
Cash, cash equivalents and restricted cash at the end of the period	4,065		5,067		718