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Golden Heaven Group Holdings Ltd. Reports $2.1M Amusement Park Management Agreement

$GDHG
Form 6-K
Filed on: 2025-01-10
Source
Golden Heaven Group Holdings Ltd. Reports $2.1M Amusement Park Management Agreement

Key Information Extracted from the Financial Report:

  1. Company Information:
  • Name: Golden Heaven Group Holdings Ltd.
  • Address: No. 8 Banhouhaichuan Rd, Xiqin Town, Yanping District, Nanping City, Fujian Province, China 353001.
  • SEC Commission File Number: 001-41675.
  1. Document Type:
  • Filing Type: Form 6-K (Report of Foreign Private Issuer).
  • Filing Date: January 10, 2025.
  • Reporting Period: For the month of January 2025.
  1. Service Agreement:
  • Date of Agreement: January 8, 2025.
  • Parties Involved:
    • Nanping Golden Heaven Amusement Park Management Co., Ltd (subsidiary of Golden Heaven Group).
    • Fuzhou Yibang Amusement Park Co., Ltd.
  • Nature of Services: Provision of a fully integrated amusement park management software suite which includes:
    • Ticket sales management.
    • Membership management.
    • Event planning.
    • Data analytics.
    • Custom modules.
  • Maintenance Services: Three years of maintenance including troubleshooting, system optimization, and ongoing support.
  • Financial Terms: Fuzhou Yibang will pay a service fee of RMB 15 million (approximately US$2.1 million).
  1. Forward-Looking Statements:
  • The report includes forward-looking statements that are subject to risks and uncertainties. The company cautions that actual results may differ from current expectations.
  1. Exhibit:
  • Exhibit 99.1: A press release dated January 8, 2025, titled “Golden Heaven Group Holdings Ltd. Enters into RMB15 Million Agreement for Management Solutions.”
  1. Signatory:
  • Signed by: Jin Xu, Chief Executive Officer and Chairman of the Board of Directors.

Insights:

  • The signing of the service agreement indicates Golden Heaven's strategic move to expand its business through technology services in the amusement park sector, potentially enhancing revenue streams.
  • The three-year maintenance service commitment demonstrates a focus on long-term client relationships and ongoing customer support, which could lead to future contract renewals.
  • The financial terms suggest a significant investment in technology solutions, underscoring the company's commitment to improving operational efficiencies in the amusement park industry.