NANPING, China, June 6, 2023
/PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the "Company" or
"Golden Heaven") (Nasdaq: GDHG), an
amusement park operator in China,
announced today that its six amusement parks host a total of
approximately 35,000 visitors during China's Labor Day holiday from April 29, 2023 to May 3,
2023, representing an approximately 30% year-over-year
traffic growth. China's Labor Day
holiday is one of the three annual "Golden Week" holidays in
China, along with the Chinese New
Year and the National Day holidays.
The Company's traffic growth during China's Labor Day holiday is in line with the
recovery of the macro-economic environment in China. According
to the Ministry of Culture and Tourism of China, the total number of domestic tourism
trips during the Labor Day holiday was 274 million and the domestic
tourism revenue was RMB148.056
billion, representing a year-on-year increase of
128.90%.
Since China has eased its
COVID-19 pandemic control measures, the Company believes that
demand for travel has increased, and amusement parks have become
attractive destinations for local families. To seize the business
opportunity of China's Labor Day
holiday, the Company adopted various measures to improve tourist
experience and promote consumption, such as holding food festivals,
circus performances and other activities. Pendulum rides, sky-high
swing rides, and bumper cars remain the most popular rides in the
Company's parks. The Company strives to provide visitors with
immersive experiences integrating entertainment, catering, and
shopping in a variety of forms.
Ms. Qiong Jin, the CEO and
Chairman of the Company, commented, "We are excited to see
excellent growth during the Labor Day holiday. The recovery of the
domestic tourism market and its potential are expected to lay a
solid foundation for growing our business. Looking forward, we will
speed up equipment upgrades and continue to innovate services to
better meet the consumers' demand for entertainment."
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 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. 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
Tina Xiao
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Golden Heaven Group Holdings Ltd.