Business
Golden Heaven Group Holdings Ltd. Enters into RMB15 Million Agreement for Management Solutions
NANPING, China, Jan. 8, 2025 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. ("Golden Heaven" or the "Company") (Nasdaq: GDHG), an amusement park operator
About this update from Golden Heaven Group Holdings Ltd.
[{"type":"text","content":"NANPING, China, Jan. 8, 2025 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (\"Golden Heaven\" or the \"Company\") (Nasdaq: GDHG), an amusement park operator in China, today announced that Nanping Golden Heaven Amusement Park Management Co., Ltd. (\"Nanping Golden Heaven\"), a subsidiary of the Company, signed a long-term service agreement (the \"Service Agreement\") with Fuzhou Yibang Amusement Park Co., Ltd. (\"Fuzhou Yibang\").\n\nPursuant to the Service Agreement, Nanping Golden Heaven will provide a fully integrated amusement park management software suite to Fuzhou Yibang, including ticket sales, membership management, event planning, data analytics, and custom modules. Additionally, Nanping Golden Heaven will offer three years of maintenance services to Nanping Golden Heaven, including trouble-solving, system optimization and ongoing support. In consideration of the services, Fuzhou Yibang agrees to pay a service fee of RMB 15 million (approximately US$2.1 million) to Nanping Golden Heaven.\nMr. Jin Xu, CEO and Chairman of Golden Heaven, commented, \"We are excited to establish a strategic partnership with Fuzhou Yibang. Fuzhou Yibang is also our strategic partner that leases four amusement parks from us. We believe this collaboration presents significant opportunities for mutual growth. By leveraging our years of expertise and advanced software capabilities in amusement park management and promotion, we are confident this partnership will drive long-term development. Additionally, this collaboration model expands and diversifies our revenue streams, aligning with our strategic goals in the evolving market and macro environment.\"\nAbout Golden Heaven Group Holdings Ltd.\nThrough 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/.\nForward-Looking Statements\nThis press release contains \"forward-looking statements\". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and...