Merchant Description (provided by the merchant)：

Preferred Hotels & Resorts is the world's largest independent hotel brand, covering 600 hotels, resorts, apartments, and unique hotel groups in 80 countries and regions worldwide. The four major hotel collection under Preferred Hotels & Resorts - Legend, L.V.X., Lifestyle, and Preferred Residences provide distinguished guests with an extraordinary and luxurious stay experience and customized and exclusive services.

Guests joining the I Prefer hotel rewards program can earn points, membership upgrades, and receive unique benefits through effective stays at hundreds of hotels worldwide. By booking through effective booking channels and integrating into I Prefer member hotels, I Prefer points can be redeemed for 10 points per $1 net hotel room rate. Members are classified into three tiers: Silver, Gold, and Titanium, and enjoy unique membership privileges according to tiers. The validity period of I Prefer membership rewards points is 12 months and points may be used to redeem for free stays at over 600 I Prefer member hotels worldwide. I Prefer has over 5 million members worldwide.

Activity content：

Cardholders can enjoy up to 30% off when booking accommodations at Preferred Hotels & Resorts℠. Simply make a reservation at least 14 days in advance through designated channels and use the promo code UPI2025 to enjoy this offer.

Eligible Booking Channels:

1) Login U Rewards Platform（https://benefit.unionpayintl.com/mobile/#/account/login）– Register account - Add a card – Hotel – Preferred Hotels & Resorts Reservation Privileges

2) Page: https://www.preferredhotels.cn/offers/details/unionpay2025

Activity Rules：

1)     Discount only valid for offers made via the UnionPay offer including corporate code UPI2025

2)     Offer valid for bookings made with a UnionPay credit card.

3)     Stays must be booked and completed before December 31, 2026.

4)     Advance booking requirements vary by hotel, and reservations are subject to the specific cancellation policies of the respective hotels.

5)     The offer’s validity and availability are subject to inventory. Blackout dates may apply, and details are subject to the hotel’s official page.

6)     All time points of this activity are subject to the time of the UnionPay International Co., Ltd. (“UnionPay International “) back-end system (Beijing time). In case of force majeure events, such as major disasters, the need to stop or adjust as required by the competent authorities, system failures necessitating suspension, or illegal and fraudulent activities that harm consumers' rights and interests, within the scope permitted by law, UnionPay International reserves the right to adjust, suspend, and terminate this activity, and it will take effect after being announced.

7)     By participating in the activity, the user is deemed to have understood and agreed to these activity rules.

The terms and conditions are written in both Chinese and English languages. If there are any differences, the simplified Chinese version shall prevail.

Exception Clause:

1. The terms and conditions of the promotion is applicable to the merchant. Details can be consulted from customer service staff.
2. UnionPay International is neither vendors nor service providers, thus UnionPay International is not responsible for the products or services provided by the merchant. Any obligations and liabilities relating to such products or services and all auxiliary services shall be borne by the merchant.
3.The design, text, images and links contained in this page shall only be used, permitted by UnionPay International, for the purpose of promoting the corresponding activities of UnionPay International. After the end of the promotion, the link and other related content will be invalid. If used, please delete it immediately. Unionpay International shall not be liable for the consequences or damages incurred as a result of any failure to delete it in time or unreasonable use.