MOMO'S BREAKOUT BOARD

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Time for a strong rebound:

GOLDEN HEAVEN GROUP HOLDINGS LTD (GDHG) 2.9006 – 36.94%
52w 2.9 – 387
Dayrange: 2.9 – 4.7


Golden Heaven Group Holdings Ltd., together with its subsidiaries, engages in the management and operation of urban amusement parks, water parks, and complementary recreational facilities in China. Its parks offer a range of recreational experiences, including thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The company operates six amusement parks, water parks, and complementary recreational facilities. Golden Heaven Group Holdings Ltd. was incorporated in 2020 and is headquartered in Nanping, the People's Republic of China.

Shares Outstanding 1.37M
Float 362.86k

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").
Pursuant 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.
Mr. 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."


Entry into Long-term Lease Agreements
On December 24, 2024, Golden Heaven Group Holdings Ltd. (the “Company”) entered into a series of long-term lease agreements with Fuzhou Yibang
Amusement Park Co., LTD (“Fuzhou Yibang”). Yuxi Jinsheng Amusement Development Co., Ltd., an operating entity of the Company, entered into a lease
agreement with Fuzhou Yibang to lease the entirety of Yunnan Yuxi Jinsheng Amusement Park, located in Yuxi City, Yunnan Province, China, one of the
Company’s amusement parks, to Fuzhou Yibang for a term of 10 years. The annual rent for the first year is set at RMB22 million, to be paid quarterly, and will
increase by 2% annually beginning the second year of the lease terms and for each year thereafter. Changde Jinsheng Amusement Development Co., Ltd., an
operating entity of the Company, entered into a lease agreement with Fuzhou Yibang to lease the entirety of Changde Jinsheng Amusement Park, located in
Changde City, Hunan Province, China, one of the Company’s amusement parks, to Fuzhou Yibang for a term of 10 years. The annual rent for the first year is
set at RMB23 million, to be paid quarterly, and will increase by 2% annually beginning the second year of the lease terms and for each year thereafter. Qujing
Jinsheng Amusement Investment Co., Ltd., an operating entity of the Company, entered into a lease agreement with Fuzhou Yibang to lease the entirety of
Qujing Jinsheng Amusement Park, located in Yujing City, Yunnan Province, China, one of the Company’s amusement parks, to Fuzhou Yibang for a term of 10
years. The annual rent for the first year is set at RMB7 million, to be paid quarterly, and will increase by 2% annually beginning the second year of the lease
terms and for each year thereafter.

Entry into Long-term Lease Agreements
On November 12, 2024, Tongling Jinsheng Amusement Investment Co., Ltd., an operating entity of Golden Heaven Group Holdings Ltd. (the “Company”),
entered into a lease agreement with Fuzhou Yibang Amusement Park Co., LTD (“Fuzhou Yibang”) to lease the entirety of Tongling West Lake Amusement World, one of the Company’s amusement parks, to Fuzhou Yibang for a term of 10 years. The annual rent is set at RMB30 million, to be paid quarterly, and
will increase by 2% annually beginning the second year of the lease terms and for each year thereafter.
On November 12, 2024, Yueyang Jinsheng Amusement Development Co., Ltd., an operating entity of the Company, entered into a lease agreement with Fuzhou Yibang to lease the entirety of Yueyang Amusement World, one of the Company’s amusement parks (together with Tongling West Lake Amusement World, the “Parks”), to Fuzhou Yibang for a term of 10 years. The annual rent is set at RMB20 million, to be paid quarterly, and will increase by 2% annually beginning the second year of the lease term and for each year thereafter.
Fuzhou Yibang has undertaken to use the Parks only for legal amusement business activities and not to change the use of the Parks. The Company believes that by leasing of the Parks, it can reduce operational costs and risks, improve asset utilization, and enhance the stability of cash flows, creating favorable conditions for sustainable development.

RMB 1.100.000.000 in the next 10 year. = more than $ 150 Million.

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/.