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Golden Heaven Group Holdings Ltd. 6-K Report: Strategic Amusement Park Leases Unveiled

$GDHG
Form 6-K
Filed on: 2024-12-26
Source
Golden Heaven Group Holdings Ltd. 6-K Report: Strategic Amusement Park Leases Unveiled

Here are the key insights extracted from the financial report section provided:

Company Overview

  • Company Name: Golden Heaven Group Holdings Ltd.
  • Form Type: 6-K (Report of Foreign Private Issuer)
  • Filing Date: December 26, 2024
  • Commission File Number: 001-41675
  • Headquarters Address: No. 8 Banhouhaichuan Rd, Xiqin Town, Yanping District, Nanping City, Fujian Province, China 353001.

Key Transactions

  • Long-term Lease Agreements: On December 24, 2024, the company entered into three long-term lease agreements with Fuzhou Yibang Amusement Park Co., LTD.
  • Yunnan Yuxi Jinsheng Amusement Park:
    • Lease Term: 10 years
    • Annual Rent (Year 1): RMB 22 million (paid quarterly)
    • Annual Rent Increase: 2% annually from Year 2 onward.
  • Changde Jinsheng Amusement Park:
    • Lease Term: 10 years
    • Annual Rent (Year 1): RMB 23 million (paid quarterly)
    • Annual Rent Increase: 2% annually from Year 2 onward.
  • Qujing Jinsheng Amusement Park:
    • Lease Term: 10 years
    • Annual Rent (Year 1): RMB 7 million (paid quarterly)
    • Annual Rent Increase: 2% annually from Year 2 onward.

Purpose and Benefits of Lease Agreements

  • Fuzhou Yibang is obligated to use the amusement parks solely for legal amusement business activities.
  • The company aims to:
  • Reduce operational costs and risks.
  • Improve asset utilization.
  • Enhance stability of cash flows.
  • Create favorable conditions for sustainable development.

Forward-Looking Statements

  • The report includes forward-looking statements that involve risks and uncertainties regarding the company's financial condition and operational results.
  • The company advises investors that actual results may differ materially from those anticipated.

Exhibits

  • The report references three lease agreements as exhibits, providing detailed terms of each lease.

Signatory

  • CEO: Jin Xu
  • Title: Chief Executive Officer and Chairman of the Board of Directors.

This information outlines significant operational developments for Golden Heaven Group Holdings Ltd., focusing on their strategic decision to lease amusement parks to enhance their business efficiency and stability.