Golden Heaven Group Holdings Ltd. Launches Wedding Photography and Light Show Projects
Rhea-AI Summary
Golden Heaven Group Holdings (Nasdaq: GDHG) has announced a strategic partnership through its subsidiary Nanping Golden Heaven with Dacheng Culture and Fuzhou Yibang to develop wedding photography and light show projects in Tongling and Changde cities, China. The 6-month cooperation agreement aims to create an entertainment complex targeting young couples and romantic partners.
Under the agreement, Nanping Golden Heaven will coordinate and supervise operations while participating in profit sharing. Dacheng Culture will handle professional photography and light show activities, while Fuzhou Yibang will provide the venues. The company views this collaboration as a new model for themed entertainment projects in China's amusement park market, targeting young couples seeking latest fashion trends and innovative experiences.
Positive
- New revenue stream through wedding photography and light show projects
- Strategic partnership expanding market reach in Tongling and Changde cities
- Profit-sharing arrangement with minimal operational responsibility
Negative
- Short cooperation period of only 6 months indicates high uncertainty
- scope of operations as company only supervises without direct control
- Heavy dependence on partners for core project activities
News Market Reaction 1 Alert
On the day this news was published, GDHG declined 13.58%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NANPING,
Pursuant to the Cooperation Agreement, the parties will jointly develop wedding photography and light show projects in Tongling city and Changde city,
Mr. Jin Xu, CEO and Chairman of Golden Heaven, commented, "This collaboration introduces a new cooperation model for developing themed entertainment projects in the evolving Chinese amusement park market. Young couples and lovers are always seeking the latest fashion trends, popular technologies, and innovative experiences—factors we view as indispensable drivers of industry growth. By combining the strengths of all three parties—Golden Heaven's extensive resource integration capabilities and operational experience, Dacheng Culture's expertise in cultural event planning, and Fuzhou Yibang's high-quality venue resources—we believe that the Projects will serve as a successful model for attracting young visitors and unlocking future growth and profit opportunities. We anticipate that the Projects will become sought-after destinations."
About Golden Heaven Group Holdings Ltd.
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
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
View original content:https://www.prnewswire.com/news-releases/golden-heaven-group-holdings-ltd-launches-wedding-photography-and-light-show-projects-302380108.html
SOURCE Golden Heaven Group Holdings Ltd.
FAQ
What are the new projects announced by GDHG in February 2024?
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