Promising New Investments and Joint Venture Agreement for Wedding Photography & Light Show Projects in China: Golden Heaven Group: Stock Symbol: GDHG

JINJIANG, China - EntSun -- Currently Managing Properties Consisting of Amusement Parks, Water Parks, Gourmet Festivals, Circus Performances and High-Tech Facilities.

Parks are Located in Geographically Diverse Markets Across the South of China and Collectively Offer Approximately 139 rides and attractions.

Parks are Easily Accessible to an Aggregate Population of Approximately 21 Million People in China.

New Partnership Cooperation Agreement to Launch of Wedding Photography and Light Show Projects in China.

New RMB15 Million (US 2.1 Million) Agreement for Management Solutions.

Secured Investment of US$25.2 Million with Amendments to Outstanding Warrants.

Golden Heaven Group Holdings Ltd. (Stock Symbol: GDHG) manages and operates properties consisting of amusement parks, water parks, and complementary recreational facilities. With approximately 426,560 square meters of land in 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 GDHG parks are easily accessible to an aggregate population of approximately 21 million people.

The GDHG 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.

Launch of Wedding Photography and Light Show Projects

On February 19^th GDHG announced a cooperation agreement with Nanping Dacheng Culture Communication Co., Ltd. and Fuzhou Yibang Amusement Park Co., Ltd.. This partnership aims to leverage the unique resources and expertise of all three parties to create an attraction and entertainment complex targeting young couples and romantic partners.

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Pursuant to the Cooperation Agreement, the parties will jointly develop wedding photography and light show projects in Tongling City and Changde City, China. GDHG will coordinate and supervise the operation of the Projects and participate in the sharing of project profits during the 6-month cooperation period. Dacheng Culture and Fuzhou Yibang will be responsible for professional photography and light show activities and providing relevant venues, respectively.

Golden Heaven Group Holdings Ltd. Enters into RMB15 Million Agreement for Management Solutions

On January 8^th GDHG announced that Nanping Golden Heaven Amusement Park Management Co., Ltd., a subsidiary of the Company, signed a long-term service agreement with Fuzhou Yibang Amusement Park Co., Ltd.

Pursuant to the Service Agreement, GDHG 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, GDHG will offer three years of maintenance services, 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 GDHG.

Golden Heaven Group Holdings Ltd. Secures Investment of US $25.2 Million and Enters into Amendments to Outstanding Warrants

On November 19^th GDHG announced that the Company had entered into a securities purchase agreement with certain investors.

Pursuant to the Securities Purchase Agreement, the investors agreed to subscribe for and purchase from the Company, through a private placement, a total of 20,000,000 Class A Ordinary Shares for a total purchase price of US$25.2 million. In the event that GDHG fails to meet certain operational and financial targets by September 30, 2027, the Company will issue up to 10,000,000 Class A Ordinary Shares to the investors for no additional consideration. The Company will use the proceeds from issuance of Class A Ordinary Shares for acquisition, upgrade, development, operation and maintenance of parks.

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As part of the Securities Purchase Agreement, GDHG agreed to issue warrants to the investors granting the investors the right to purchase up to 40,000,000 Class A Ordinary Shares in aggregate at an exercise price of US$1.386. The Warrants will expire five (5) years after issuance. The Warrants contain standard adjustments to the exercise price. The transactions contemplated under the Securities Purchase Agreement are expected to close in November 2024.

GDHG also announced that, it had entered into a series of amendments to warrants with existing holders of warrants, pursuant to which, the exercise price were amended to be US$1.386, and the existing holders of warrants agreed to exercise their respective warrants in whole concurrently with execution of such amendment.

For more information on $GDHG visit: https://ir.jsyoule.com/

Media Contact
Company Name: Golden Heaven Group Holdings Ltd.
Contact: Ascent Investor Relations LLC
Email: group@jsyoule.comor  investors@ascent-ir.com
Phone: +1-646-932-7242
Country: China
Website: https://ir.jsyoule.com/

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