NANPING, China, Dec. 6, 2023
/PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the "Company" or
"Golden Heaven") (Nasdaq: GDHG), an
amusement park operator in China,
today announced that it intends to enter into an operating lease
framework agreement (the "Agreement") with a top-tier Chinese
amusement group (the "Group"). The Group is a subsidiary of a
prominent Chinese tourism group, ranking among China's top 30 national cultural enterprises
and top 20 tourism groups. This Agreement is expected to mark a
significant step in Golden Heaven's
strategic business expansion efforts, and is aimed at enhancing
Golden Heaven's market position by
leveraging the Group's strong presence in the Chinese amusement
park industry.
Pursuant to the Agreement, that is presently under negotiation,
the Group's theme park in Wuhan,
Hubei Province in central
China is expected to become the
pilot leased park to the Company. The finalized operating lease
rights, lease schedules and other terms of the Agreement will be
settled with the ongoing negotiation.
Ms. Jin Qiong, the CEO and
Chairman of the Company, commented, "We are thrilled to collaborate
with an established player in the amusement park business. We
anticipate that the proposed Agreement we are negotiating will
assist us in our journey for market expansion in China and believe it may pave the way for more
strategic partnerships in the near future. By drawing on the
strengths of our partner, who we understand has a market base in
many large cities in China, we
hope to accelerate our expansion and elevate our guest experiences.
We believe that the cooperation is in our long-term interests for
building brand recognition, sustaining our competitiveness, and
creating value 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
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SOURCE Golden Heaven Group Holdings Ltd.