NANPING, China, Oct. 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 has entered into a strategic partnership
(the "Partnership") with Fujian Xinchang Construction Engineering
Co., Ltd. ("FXCE"), as the general contractor for engineering,
construction and sourcing of amusement park facilities for projects
in China. The Company signed three
construction contracts with FXCE for the groundwork of three new
amusement parks (collectively, the "Parks") in southern
China, comprised of the Yangming
Lake Glacier Tribe Amusement Park, the Seven Rainbow Park, and the
Linli Jinzheng Amusement Park.
Yangming Lake Glacier Tribe Amusement Park, located in Changde
city, Hunan province, boasts an
approximately 20,000 square meter property with an estimated
RMB180 million investment, targeting
completion by September 2024. Seven
Rainbow Park, located in Anshun city, Guizhou province, will span approximately
15,333 square meters, backed by an estimated RMB140 million investment, aiming for completion
by March 2025. Changde city will also
welcome Linli Jinzheng Amusement Park on an approximately 30,000
square meter plot, with an estimated RMB270
million investment, set for completion by March 2025.
Ms. Qiong Jin, the CEO and
Chairman of the Company, commented, "Since our initial public
offering, we have consistently sought ways to improve our
management and operational strategies. As we have witnessed a
significant uptick in entertainment demand in the post-pandemic
era, we are poised to meet this demand head-on. The Parks will
feature electric amusement park facilities with the aim to deliver
excellent customer service and visitor experience. Looking ahead,
we believe the Parks will allow us to expand our business
footprint, reach broader markets, and cater to an ever-growing
customer base. Through this Partnership, we intend to amplify our
brand awareness in the southwest region of China, improve our market positioning and
provide better entertainment experiences for our visitors."
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. 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
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Golden Heaven Group Holdings Ltd.