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
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SOURCE Golden Heaven Group Holdings Ltd.
