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Gentlemen,


It was a pleasure meeting each of you in person and I hope you are now
safely ensconced in your respective homes after last week’s whirlwind of
activities. Many thanks for travelling halfway across the world to attend
the board meeting and for setting up the meetings with SASAC and the
Ambassador. Your input on what is ahead for BHR, not the least the SOE fund
(the pitchbook for which we will continue to refine), were also much
appreciated.


I look forward to working closely with you and our other stakeholders in the
year(s) to come. Here is wishing you and yours an early happy Chinese New
Year.


Xin