NANPING, China, Oct. 23,
2023 /PRNewswire/ -- Golden Heaven Group Holdings
Ltd. (the "Company" or "Golden
Heaven") (Nasdaq: GDHG), an amusement park operator in
China, today announced that its
five operational amusement parks attracted approximate 86,000
visitors during the 2023 Mid-Autumn Festival and National Day
holidays, spanning from September 29,
2023 to October 6, 2023
(collectively, the "Holidays"). The National Day holiday and Labor
Day holiday are considered two of the annual "Golden Week" holidays
in China, along with the Chinese
New Year holiday. Despite the temporary closure of Mangshi Jinsheng
Amusement Park, which was a strategic decision to explore the
future business development of such park, and the impact of rainy
weather at some park locations during the Holidays, the number of
visitors at the five amusement parks in operation continued to show
growth, marking a 10% year-on-year increase and 146% growth over
the 2023 Labor Day holiday in China.
Among the amusement parks in operation, Yuxi Jinsheng Amusement
Park witnessed a significant increase in the number of visitors to
15,000 during the Holidays, representing an increase of
approximately 50% over the same period last year. During the
Holidays, the visitor traffic also rose by 25% year-on-year to
15,000 in Tongling West Lake Amusement World, while the number
increased modestly by 7% year-on-year to 30,000 in Yueyang
Amusement World.
Such growth is attributable to the increasing demand in
China's culture and tourism
industry. According to the Chinese Ministry of Culture and Tourism,
approximately 826 million domestic trips were made over the
Holidays, rising by 71.3% compared with the same period last year,
and rising by 4.1% compared with the pre-pandemic level in
2019.
Ms. Qiong Jin, the CEO and
Chairman of the Company, commented, "We are excited to share with
you our thriving business performance during the Holidays. We
continue to cater to the rising demand in China's tourism and entertainment industry,
and strive to deliver our services with our abundant resources and
well-trained personnel. The construction of three additional
amusement parks in the south of China is underway. Going forward, we expect to
continue to optimize our business model and services, expanding the
size of our parks, and diversifying our service offerings. Our
objectives are to improve our services and offer pleasant
entertainment experiences to our customers, while focusing on
long-term competitiveness and creating enduring value to 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.