# EDGAR Filing Document

**Accession Number:** 0001269238
**File Stem:** 0001193125-23-081487
**Filing Date:** 2023-3
**Character Count:** 17454
**Document Hash:** 32309c2e40a7e122ce42d6cd70cc1fd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-081487.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001193125-23-081487

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230328

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trip.com Group Ltd
- **CENTRAL INDEX KEY:** 0001269238
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33853
- **FILM NUMBER:** 23766288

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 99 FU QUAN ROAD
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200335
- **BUSINESS PHONE:** 862134064880

**MAIL ADDRESS:**
- **STREET 1:** NO. 99 FU QUAN ROAD
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 200335

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CTRIP COM INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 20031105

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM 6-K** 

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**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of March 2023** 

**Commission File Number: 001-33853** 

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## Trip.com Group Limited
**(Registrant's Name)** 

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**968 Jin Zhong Road** 

**Shanghai 200335** 

**People's Republic of China** 

**(Address of Principal Executive Offices)** 

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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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**EXPLANATORY NOTE** 

Trip.com Group Limited (the "Company") filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the United States Securities and Exchange Commission on March 27, 2023, U.S. Eastern Time. On March 28, 2023, Hong Kong Time, the Company also published its annual report for the fiscal year ended December 31, 2022 (the "HK Annual Report") pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX Listing Rules"). Pursuant to the HKEX Listing Rules, the HK Annual Report contains supplemental disclosure of reconciliation of the material differences between the consolidated financial statements of the Company prepared under the U.S. GAAP and International Financial Reporting Standards, which has been attached hereto as exhibit 99.1.

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | Supplemental Disclosure—Reconciliation Between U.S. GAAP and International Financial Reporting Standards |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| **TRIP.COM GROUP LIMITED** | **TRIP.COM GROUP LIMITED** | **TRIP.COM GROUP LIMITED** |
| By | : | /s/ Cindy Xiaofan Wang |
| Name | : | Cindy Xiaofan Wang |
| Title | : | Chief Financial Officer |

---

Date: March 28, 2023

### Attached PDF Documents

**Attachment 1:** `d490125dex991.pdf`

Trip.com Group®  
供应集团

Exhibit 99.1

## RECONCILIATION BETWEEN U.S. GAAP AND INTERNATIONAL FINANCIAL REPORTING STANDARDS

The consolidated financial statements are prepared in accordance with U.S. GAAP, which differ in certain respects from International Financial Reporting Standards (“IFRS”). The effects of material differences between the consolidated financial statements of the Group prepared under U.S. GAAP and IFRS are as follows:

*Reconciliation of consolidated statements of income/(loss) and comprehensive income/(loss)*

|  | For the year ended December 31, 2022 |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | IFRS adjustments |  |  |  |  |  |  |  |  |
|  | RMB (in millions) |  |  |  |  |  |  |  |  |
|  | Amounts as reported under U.S. GAAP | Share-based compensation (Note (i)) | Leases (Note (ii)) | Equity securities without readily determinable fair values (Note (iii)) | Available-for-sale debt investments (Note (iv)) | Equity method investments (Note (v)) | Issuance Cost (Note (vi)) | Software (Note (vii)) | Amounts under IFRS |
| Cost of revenues | (4,513) | - | 15 | - | - | - | - | - | (4,498) |
| Product development | (8,341) | 55 | - | - | - | - | - | - | (8,286) |
| Sales and marketing | (4,250) | 10 | - | - | - | - | - | - | (4,240) |
| General and administrative | (2,847) | 49 | (3) | - | - | - | - | - | (2,801) |
| Income from operations | 88 | 114 | 12 | - | - | - | - | - | 214 |
| Interest expense | (1,514) | - | (39) | - | - | - | - | - | (1,553) |
| Fair value changes on investments measured at fair value through profit or loss | - | - | - | (33) | (962) | - | - | - | (995) |
| Other income | 2,015 | - | - | 41 | 906 | - | - | - | 2,962 |
| Income/(loss) before income tax expense and equity in loss of affiliates | 2,635 | 114 | (27) | 8 | (56) | - | - | - | 2,674 |
| Income tax expense | (682) | - | - | 4 | (32) | - | - | - | (710) |
| Equity in loss of affiliates | (586) | - | - | - | - | (1) | - | - | (587) |
| Net Income/(loss) | 1,367 | 114 | (27) | 12 | (88) | (1) | - | - | 1,377 |
| Other comprehensive income | - | - | - | 4 | 54 | - | - | - | 58 |
| Total comprehensive income/(loss) | 1,367 | 114 | (27) | 16 | (34) | (1) | - | - | 1,435 |

Trip.com Group Limited

2022 Annual Report

For the year ended December 31, 2021

|  | IFRS adjustments |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Amounts as reported under U.S. GAAP | Share-based compensation (Note (i)) | Leases (Note (ii)) | Equity securities without readily determinable fair values (Note (iii)) |  | Available-for-sale debt investments (Note (iv)) | Equity method investments (Note (v)) | Issuance Cost (Note (vi)) | Software (Note (vii)) | Amounts under IFRS |
|  |  |  |  | Equity method investments (Note (vi)) | Investments (Note (vii)) |  |  |  |  |  |
| Cost of revenues | (4,598) | - | 7 | - | - | - | - | - | - | (4,591) |
| Product development | (8,992) | (98) | - | - | - | - | - | - | - | (9,090) |
| Sales and marketing | (4,922) | (18) | - | - | - | - | - | - | - | (4,940) |
| General and administrative | (2,922) | (89) | (3) | - | - | - | - | (40) | - | (3,054) |
| (Loss)/income from operations | (1,411) | (205) | 4 | - | - | - | - | (40) | - | (1,652) |
| Interest expense | (1,565) | - | (39) | - | - | - | - | - | - | (1,604) |
| Fair value changes on investments measured at fair value through profit or loss | - | - | - | 46 | (61) | - | - | - | - | (15) |
| Other income | 373 | - | - | 16 | - | - | - | - | - | 389 |
| (Loss)/income before income tax expense and equity in income/(loss) of affiliates | (471) | (205) | (35) | 62 | (61) | - | - | (40) | - | (750) |
| Income tax expense | (270) | - | - | (2) | - | - | - | - | - | (272) |
| Equity in income/(loss) of affiliates | 96 | - | - | - | - | - | (112) | - | - | (16) |
| Net (loss)/income | (645) | (205) | (35) | 60 | (61) | (112) | (112) | (40) | - | (1,038) |
| Other comprehensive (loss)/income | - | - | - | (4) | (4) | 110 | - | - | - | 102 |
| Total comprehensive (loss)/income | (645) | (205) | (35) | 56 | (65) | (2) | (2) | (40) | - | (936) |

Trip.com Group®  
 **樣程集團**

For the year ended December 31, 2020

|  |  |  |  | Equity securities | IFRS adjustments |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Amounts as reported under U.S. GAAP | Share-based compensation | Leases | without readily determinable fair values | RMB (in millions) Available-for-sale debt investments | Equity method investments | Issuance Cost | Software | Amounts under IFRS |
|  |  | (Note (i)) | (Note (ii)) | (Note (iii)) | (Note (iv)) | (Note (v)) | (Note (vi)) | (Note (vii)) |  |
| Cost of revenues | (4,031) | - | - | - | - | - | - | - | (4,031) |
| Product development | (7,667) | (112) | - | - | - | - | - | - | (7,779) |
| Sales and marketing | (4,405) | (21) | - | - | - | - | - | - | (4,426) |
| General and administrative | (3,636) | (101) | 15 | - | - | - | - | - | (3,722) |
| (Loss)/income from operations | (1,423) | (234) | 15 | - | - | - | - | - | (1,642) |
| Interest expense | (1,716) | - | (24) | - | - | - | - | - | (1,740) |
| Fair value changes on investments measured at fair value through profit or loss | - | - | - | 4 | (153) | - | - | - | (149) |
| Other (expense)/income | (273) | - | 2 | 35 | - | - | - | - | (236) |
| (Loss)/income before income tax expense and equity in (loss)/income of affiliates | (1,225) | (234) | (7) | 39 | (153) | - | - | - | (1,580) |
| Income tax expense | (355) | - | - | (11) | 21 | - | - | - | (345) |
| Equity in (loss)/income of affiliates | (1,689) | - | - | - | - | 3 | - | - | (1,686) |
| Net (loss)/income | (3,269) | (234) | (7) | 28 | (132) | 3 | - | - | (3,611) |
| Other comprehensive loss | - | - | - | (1) | (9) | (7) | - | - | (17) |
| Total comprehensive (loss)/income | (3,269) | (234) | (7) | 27 | (141) | (4) | - | - | (3,628) |

Trip.com Group Limited

2022 Annual Report

# Reconciliation of consolidated balance sheets

|  | As of December 31, 2022 |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | IFRS adjustments |  |  |  |  |  |  |  |  |
|  | RMB (in millions) |  |  |  |  |  |  |  |  |
|  | Amounts as reported under U.S. GAAP | Share-based compensation (Note (i)) | Leases (Note (ii)) | Equity securities without readily determinable fair values (Note (iii)) | Available-for-sale debt investments (Note (iv)) | Equity method investments (Note (v)) | Issuance Cost (Note (vi)) | Software (Note (vii)) | Amounts under IFRS |
| Land use rights | 83 | - | (83) | - | - | - | - | - | - |
| Property, equipment and software | 5,204 | - | - | - | - | - | - | (140) | 5,064 |
| Investments | 50,177 | - | - | (550) | (2,602) | (8) | - | - | 47,017 |
| Investments measured at fair value through profit or loss | - | - | - | 657 | 2,059 | - | - | - | 2,716 |
| Intangible assets | 12,742 | - | - | - | - | - | - | 140 | 12,882 |
| Right-of-use assets | 819 | - | (9) | - | - | - | - | - | 810 |
| Deferred tax assets | 1,324 | - | - | - | - | - | - | - | 1,324 |
| Total assets | 191,691 | - | (92) | 107 | (543) | (8) | - | - | 191,155 |
| Deferred tax liabilities | 3,487 | - | - | 9 | - | - | - | - | 3,496 |
| Total liabilities | 78,672 | - | - | 9 | - | - | - | - | 78,681 |
| Additional paid-in Capital | 95,196 | 1,209 | - | - | - | - | 40 | - | 96,445 |
| Accumulated other comprehensive loss | (1,768) | - | - | (1) | (139) | 102 | - | - | (1,806) |
| Retained earnings | 20,135 | (1,209) | (92) | 99 | (404) | (110) | (40) | - | 18,379 |
| Total shareholders' equity | 113,019 | - | (92) | 98 | (543) | (8) | - | - | 112,474 |

Trip.com Group®  
 **旅程集团**

As of December 31, 2021

|  |  |  |  | IFRS adjustments |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | RMB (in millions) |  |  |  |  |  |  |
|  | Amounts as reported under U.S. GAAP | Share-based compensation | Leases | Equity securities without readily determinable fair values | Available-for-sale debt investments | Equity method investments | Issuance Cost | Software | Amounts under IFRS |  |
|  |  | (Note (i)) | (Note (ii)) | (Note (iii)) | (Note (iv)) | (Note (v)) | (Note (vi)) | (Note (vii)) |  |  |
| Land use rights | 86 | - | (86) | - | - | - | - | - | - |  |
| Property, equipment and software | 5,534 | - | - | - | - | - | - | (149) | 5,385 |  |
| Investments | 44,961 | - | - | (605) | (3,354) | (7) | - | - | 40,995 |  |
| Investments measured at fair value through profit or loss | - | - | - | 700 | 2,845 | - | - | - | 3,545 |  |
| Intangible assets | 12,960 | - | - | - | - | - | - | 149 | 13,109 |  |
| Right-of-use assets | 777 | - | 21 | - | - | - | - | - | 798 |  |
| Deferred tax assets | 1,684 | - | - | - | - | - | - | - | 1,684 |  |
| Total assets | 191,859 | - | (65) | 95 | (509) | (7) | - | - | 191,373 |  |
| Deferred tax liabilities | 3,527 | - | - | 13 | - | - | - | - | 3,540 |  |
| Total liabilities | 81,403 | - | - | 13 | - | - | - | - | 81,416 |  |
| Additional paid-in capital | 93,829 | 1,323 | - | - | - | - | 40 | - | 95,192 |  |
| Accumulated other comprehensive loss | (1,604) | - | - | (5) | (193) | 102 | - | - | (1,700) |  |
| Retained earnings | 18,823 | (1,323) | (65) | 87 | (316) | (109) | (40) | - | 17,057 |  |
| Total shareholders' equity | 110,456 | - | (65) | 82 | (509) | (7) | - | - | 109,957 |  |

Trip.com Group Limited 2022 Annual Report

# **(i) Share-based compensation**

Under U.S. GAAP, the Company has elected to recognize compensation expense using the straight-line method for all employee equity awards granted with graded vesting over the requisite service period.

Under IFRS, the graded vesting method is required to recognize compensation expense for all employee equity awards granted with graded vesting.

# **(ii) Leases**

Under U.S. GAAP, for operating leases, the amortization of right-of-use assets and the interest expense element of lease liabilities are recorded together as lease expenses, which results in a straight-line recognition effect in the consolidated statements of income/(loss) and comprehensive income/(loss).

Under IFRS, the right-of-use assets are generally depreciated on a straight-line basis while the interest expense related to the lease liabilities are measured under the effective interest method, which results in higher expenses at the beginning of the lease term and lower expenses near the end of the lease term.

# **(iii) Equity securities without readily determinable fair values**

Under U.S. GAAP, the Company elected to measure an equity security without a readily determinable fair value using a measurement alternative that measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes.

Under IFRS, the Company measured the investments in equity instruments at fair value through profit or loss (FVTPL). Fair value changes of these investments were recognized in the profit or loss.

# **(iv) Available-for-sale debt investments**

Under U.S. GAAP, the available-for-sale debt investments classified within Level 3 are valued based on a model utilizing unobservable inputs which require significant management judgment and estimation. We report available-for-sale debt investments at fair value at each balance sheet date with the aggregate unrealized gains and losses, net of tax, reflected in “Accumulated other comprehensive loss” in the consolidated balance sheets.

Under IFRS, since those investments could not meet the definition of the equity instrument from the perspective of issuer, and the contractual cashflow could not pass the Solely Payments of Principal and Interest (the “SPPI”) test, thus they should be classified as financial assets measured at fair value through profit or loss.

**Trip.com** Group  
**棋程集团**

Additionally, when an investor has other financial interests, like preferred stock, in an associate or a joint venture, that in substance form part of the net investment in the associate or the joint venture, after that the investor's share of equity method losses reduces the basis of its common stock investment to zero, the investor should continue to recognize equity method losses to the extent of, and as an adjustment to, the basis of preferred stock.

At all times, the preferred stock would require a write-up (or write-down) to fair value through income or through OCI under U.S. GAAP, which is not applicable under IFRS.

# **(v) Equity method investments**

Under U.S. GAAP and IFRS, the investor should adjust the results of its associate or joint venture to align the investee's accounting policies with its own policies. The reconciliation items mainly arise from different accounting the associate or joint venture applied under each GAAP.

# **(vi) Issuance Cost**

Under U.S. GAAP, specific incremental issuance costs directly attributable to a proposed or actual offering of securities may be deferred and charged against the gross proceeds of the offering, shown in equity as a deduction from the proceeds.

Under IFRS, such issuance costs apply a different criterion for capitalization when the listing involves both existing shares and a concurrent issuance of our new shares in the capital market, and were allocated to proportionately between our existing and new shares. Costs incurred to list existing shares are not equity transaction costs, which are charged to the income statement.

# **(vii) Software**

Under U.S. GAAP, software is not presented as intangible and so the Company record software in property, equipment and software.

Under IFRS, software is reported under the intangible asset category.

Accordingly, software is reclassified from property, equipment and software to intangible assets.