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Golden Heaven Group Holdings Ltd. Secures Plot in Yangzhou's Yunhe Sanwan Scenic Spot for New Amusement Complex and Extends Strategic Partnership with Dacheng Culture

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Golden Heaven Group Holdings (Nasdaq: GDHG), a Chinese amusement park operator, has secured land use rights for a 26,000-square-meter plot in Yangzhou's Yunhe Sanwan Scenic Spot. The company plans to launch a new recreation and amusement complex at this site, with operations expected to begin in October 2024. The location's proximity to the Beijing-Hangzhou Grand Canal offers significant advantages.

Additionally, Golden Heaven has extended its partnership with Dacheng Culture through a one-year collaboration agreement valued at RMB1.2 million. This agreement involves leasing land and property to Dacheng Culture for various cultural activities. The partnership aims to enhance the cultural depth and entertainment value of the park while expanding market influence.

Golden Heaven Group Holdings (Nasdaq: GDHG), un operatore cinese di parchi divertimento, ha ottenuto i diritti d'uso del suolo per un plano di 26.000 metri quadrati nel Punto Panoramico Yunhe Sanwan di Yangzhou. L'azienda prevede di lanciare un nuovo complesso ricreativo e di intrattenimento in questo sito, con l'inizio delle operazioni previsto per ottobre 2024. La vicinanza del luogo al Grande Canale Pechino-Hangzhou offre vantaggi significativi.

Inoltre, Golden Heaven ha esteso la sua partnership con Dacheng Culture attraverso un accordo di collaborazione di un anno del valore di 1,2 milioni di RMB. Questo accordo riguarda l'affitto di terreni e immobili a Dacheng Culture per varie attività culturali. La partnership mira a migliorare la profondità culturale e il valore ricreativo del parco, ampliando nel contempo l'influenza sul mercato.

Golden Heaven Group Holdings (Nasdaq: GDHG), un operador chino de parques de diversiones, ha asegurado los derechos de uso de la tierra para un terreno de 26,000 metros cuadrados en el Punto Escénico Yunhe Sanwan de Yangzhou. La empresa planea lanzar un nuevo complejo recreativo y de entretenimiento en este sitio, con operaciones que se espera que comiencen en octubre de 2024. La proximidad del lugar al Gran Canal de Pekín-Hangzhou ofrece ventajas significativas.

Además, Golden Heaven ha ampliado su asociación con Dacheng Culture a través de un acuerdo de colaboración de un año valorado en 1.2 millones de RMB. Este acuerdo implica arrendar terrenos y propiedades a Dacheng Culture para varias actividades culturales. La asociación tiene como objetivo mejorar la profundidad cultural y el valor de entretenimiento del parque, al mismo tiempo que se expande la influencia en el mercado.

골든 헤븐 그룹 홀딩스(Nasdaq: GDHG)는 중국의 놀이공원 운영업체로, 양저우의 윈허 산완 경관지구에 26,000 제곱미터 부지에 대한 토지 사용 권리를 확보했습니다. 이 회사는 이곳에 새로운 레크리에이션 및 오락 복합 단지를 설계할 계획이며, 운영은 2024년 10월부터 시작될 것으로 예상됩니다. 위치가 베이징-항저우 대운하와 가까워 상당한 이점을 제공합니다.

덧붙여서, 골든 헤븐은 다청 문화와의 파트너십을 120만 위안의 가치가 있는 1년 협력 계약을 통해 연장했습니다. 이 계약에는 다청 문화에 다양한 문화 활동을 위해 토지 및 재산을 임대하는 것이 포함됩니다. 이 파트너십은 공원의 문화적 깊이와 오락 가치를 향상시키면서 시장 영향력을 확대하는 것을 목표로 합니다.

Golden Heaven Group Holdings (Nasdaq: GDHG), un opérateur chinois de parc d'attractions, a sécurisé les droits d'utilisation des terres pour un terrain de 26 000 mètres carrés dans le site panoramique Yunhe Sanwan de Yangzhou. La société prévoit de lancer un nouveau complexe récréatif et d'amusement à cet endroit, avec un début des opérations prévu pour octobre 2024. La proximité de l'emplacement avec le Grand Canal Pékin-Hangzhou offre des avantages significatifs.

De plus, Golden Heaven a prolongé son partenariat avec Dacheng Culture par le biais d'un accord de collaboration d'un an d'une valeur de 1,2 million de RMB. Cet accord implique la location de terrains et de propriétés à Dacheng Culture pour diverses activités culturelles. Le partenariat vise à améliorer la profondeur culturelle et la valeur de divertissement du parc, tout en élargissant l'influence sur le marché.

Golden Heaven Group Holdings (Nasdaq: GDHG), ein chinesischer Betreiber von Freizeitparks, hat die Nutzungsrechte für ein 26.000 Quadratmeter großes Grundstück im Yunhe Sanwan Scenic Spot in Yangzhou gesichert. Das Unternehmen plant, an diesem Standort einen neuen Freizeit- und Vergnügungspark zu eröffnen, mit einem Betriebsbeginn, der für Oktober 2024 vorgesehen ist. Die Nähe zum Großen Kanal von Peking-Hangzhou bietet erhebliche Vorteile.

Darüber hinaus hat Golden Heaven seine Partnerschaft mit Dacheng Culture durch einen Einjahres-Kooperationsvertrag im Wert von 1,2 Millionen RMB verlängert. Dieser Vertrag beinhaltet die Vermietung von Grundstücken und Immobilien an Dacheng Culture für verschiedene kulturelle Aktivitäten. Die Partnerschaft zielt darauf ab, die kulturelle Tiefe und den Unterhaltungswert des Parks zu erhöhen und gleichzeitig den Markteinfluss auszubauen.

Positive
  • Secured land use rights for 26,000-square-meter plot in a popular tourist area
  • New amusement complex planned to open in October 2024
  • One-year collaboration agreement with Dacheng Culture valued at RMB1.2 million
  • Potential for increased foot traffic and revenue due to prime location
Negative
  • None.

Insights

The acquisition of land use rights for a 26,000-square-meter plot in Yangzhou's Yunhe Sanwan Scenic Spot is a strategic move for Golden Heaven. Located near the Beijing-Hangzhou Grand Canal, this prime real estate offers significant potential for foot traffic and tourism. The planned October 2024 launch of a new recreation complex demonstrates swift execution, potentially boosting revenue streams quickly. However, the tight timeline may pose challenges in construction and regulatory compliance. The proximity to a historical site could also bring additional oversight and restrictions on development plans.

Golden Heaven's expansion into Yangzhou's Yunhe Sanwan Scenic Spot is a calculated move to tap into China's growing domestic tourism market. The location's historical significance and existing popularity provide a solid foundation for attracting visitors. The collaboration with Dacheng Culture, valued at RMB1.2 million, diversifies revenue streams through wedding and traditional costume photography services. This synergy could enhance the park's appeal to a broader demographic, particularly young couples and families. However, the success will depend on how well the new complex integrates with the existing cultural landscape without overshadowing it.

While the land acquisition and partnership with Dacheng Culture show promise, the financial impact remains uncertain. The RMB1.2 million agreement with Dacheng Culture over one year is relatively modest. The key financial driver will be the performance of the new amusement complex. Investors should watch for details on capital expenditure for the new development and projected revenue figures. The October 2024 launch timeline is aggressive, potentially leading to higher upfront costs. Long-term profitability will depend on visitor numbers, ticket prices and operational efficiency. Without concrete financial projections, it's difficult to quantify the impact on Golden Heaven's bottom line.

NANPING, China, Aug. 27, 2024 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. ("Golden Heaven" or the "Company") (Nasdaq: GDHG), an amusement park operator in China, today announced that it was granted the land use rights for an approximately 26,000-square-meter plot (the "Plot") located in Yunhe Sanwan Scenic Spot in Yangzhou, Jiangsu Province, China on August 16, 2024 by Yangzhou Lemandi Tourism Development and Investment Co., Ltd. The Company plans to launch a new recreation and amusement complex at this site, with commercial operations anticipated to begin in October 2024.

Situated within the Yunhe Sanwan Scenic Spot, which is geographically close to the Beijing-Hangzhou Grand Canal, the world's longest man-made waterway, the Plot offers substantial advantages. By securing the land use rights in such a popular tourist attraction of significant historical and cultural importance, as well as a location with high foot traffic, the Company anticipates growth opportunities to be derived from introducing innovative amusement rides to enhance the park's appeal and competitiveness in the market.

This development marks the second collaboration between the Company and Nanping City Dacheng Culture Communication Co., Ltd., ("Dacheng Culture") in co-developing attraction projects. The two parties have signed a one-year collaboration agreement (the "Agreement") valued at RMB1.2 million on August 19, 2024. Under the Agreement, Golden Heaven agrees to lease certain land and property to Dacheng Culture for activities such as wedding photography, traditional costume photography, and various celebratory events. In return, Dacheng Culture agrees to pay to the Company an aggregate lease payment of RMB1.2 million, over the term of the Agreement, which extends from August 19, 2024 to August 18, 2025.

Mr. Jin Xu, CEO and Chairman of the Company, commented, "We are thrilled to have obtained the land use rights for this plot within the Yunhe Sanwan Scenic Spot. Located in a bustling area of Yangzhou with beautiful surroundings and high foot traffic, it is an ideal destination for tourists, families and young couples. Our goal is to create an amusement park that seamlessly integrates entertainment and leisure experiences with a variety of cultural activities."

Mr. Xu added, "The continued partnership with Dacheng Culture is a testament to the win-win alliance between two industry leaders. By synergizing the unique advantages, resources and innovative capabilities of both sides, we will not only enhance the cultural depth and entertainment value of our park but also expand our market influence. We look forward to working with Dacheng Culture to write a new chapter for the cultural tourism and leisure entertainment industry of the city."

About Golden Heaven Group Holdings Ltd.

The Company is an offshore holding company incorporated in the Cayman Islands with no material operations of its own. Through its Chinese operating entities, the Company manages and operates amusement parks, water parks and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, 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 more information, 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

Cision View original content:https://www.prnewswire.com/news-releases/golden-heaven-group-holdings-ltd-secures-plot-in-yangzhous-yunhe-sanwan-scenic-spot-for-new-amusement-complex-and-extends-strategic-partnership-with-dacheng-culture-302230780.html

SOURCE Golden Heaven Group Holdings Ltd.

FAQ

What is the size of the plot Golden Heaven Group Holdings (GDHG) secured in Yangzhou?

Golden Heaven Group Holdings (GDHG) secured a 26,000-square-meter plot in Yangzhou's Yunhe Sanwan Scenic Spot.

When is the new amusement complex by Golden Heaven Group Holdings (GDHG) expected to open?

The new amusement complex by Golden Heaven Group Holdings (GDHG) is expected to begin commercial operations in October 2024.

What is the value of the collaboration agreement between Golden Heaven Group Holdings (GDHG) and Dacheng Culture?

The collaboration agreement between Golden Heaven Group Holdings (GDHG) and Dacheng Culture is valued at RMB1.2 million.

How long is the collaboration agreement between Golden Heaven Group Holdings (GDHG) and Dacheng Culture?

The collaboration agreement between Golden Heaven Group Holdings (GDHG) and Dacheng Culture is for one year, from August 19, 2024 to August 18, 2025.

Golden Heaven Group Holdings Ltd.

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