NANPING, China,
March 19,
2024 /PRNewswire/ -- Golden Heaven Group Holdings
Ltd. (the "Company" or "Golden
Heaven") (Nasdaq: GDHG), an amusement park operator in
China, today announced that on
March 11, 2024, it entered into a
collaboration agreement (the "Agreement") with Zigong City
Dragon Culture & Arts Co. Ltd., ("Zigong Culture"), a company
engaged in various commercial, cultural and artistic activities in
China.
Under the Agreement, Golden
Heaven agrees to lease certain land and property for Zigong
Culture, to host a range of outdoor activities. These activities
include seasonal excursions, extracurricular activities, physical
competitions, and talent shows. Zigong Culture will compensate the
Company with an aggregate lease payment of RMB 8.73 million, payable quarterly, ensuring a
steady revenue stream over the contract period from March 11, 2024 to March
10, 2025.
Mr. Jin Xu, the CEO and Chairman
of the Company, remarked, "This collaboration with Zigong Culture
marks a milestone in our ongoing efforts to diversify visitor
experiences and optimize property management. We are committed to
providing exceptional entertainment and recreational activities
that meet the needs of our customers. We expect this collaboration
to bring an increasing flow of visitors and add to our operational
revenues. We look forward to a fruitful collaboration that promises
sustainable growth for our shareholders."
About Golden Heaven Group Holdings Ltd.
Golden Heaven Group Holdings Ltd. manages and operates six
properties consisting of amusement parks, water parks, and
complementary recreational facilities. With approximately 426,560
square meters of land in the aggregate, these parks are located in
geographically diverse markets across the south of China and collectively offer approximately 139
rides and attractions. Due to the geographical locations of the
parks and the ease of travel, the parks are easily accessible to an
aggregate population of approximately 21 million people. Since
September 30, 2023, Mangshi Jinsheng
Amusement Park, which is one of the six parks, has been temporarily
closed. The parks provide a wide range of exciting and entertaining
experiences, including thrilling rides, family-friendly
attractions, water attractions, gourmet festivals, circus
performances, and high-tech facilities. For more information,
please visit the Company's website at https://ir.jsyoule.com/.
Forward-Looking Statements
This press release contains "forward-looking statements".
Forward-looking statements reflect our current view about future
events. These forward-looking statements involve known and unknown
risks and uncertainties and are based on the Company's current
expectations and projections about future events that the Company
believes may affect its financial condition, results of operations,
business strategy and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "could," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "propose,"
"potential," "continue" or similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
Golden Heaven Group Holdings Ltd.
Email:
group@jsyoule.com
Ascent Investor Relations LLC
Phone:
+1-646-932-7242
Email: investors@ascent-ir.com
View original
content:https://www.prnewswire.com/news-releases/golden-heaven-group-holdings-ltd-enters-into-a-collaboration-agreement-with-zigong-city-dragon-culture--arts-co-ltd-302092254.html
SOURCE Golden Heaven Group Holdings Ltd.
