GOLDEN HEAVEN GROUP HOLDINGS Business Summary

Golden Heaven Group Holdings Ltd. (GDHG) operates as a specialized developer and operator of urban amusement parks, water parks, and integrated recreational facilities primarily across southern China. The company employs a high-volume, ticket-based revenue model where the majority of income is derived from individual ride and attraction fees, supplemented by commercial lease payments from third-party food court and retail vendors. Its primary business segments include direct park operations, facility management, and the development of "urban oasis" entertainment complexes in high-growth second- and third-tier cities such as Yueyang, Changde, and Yangzhou. In the competitive landscape of the Chinese leisure market, GDHG competes with large-scale national players like Haichang Ocean Park Holdings, Overseas Chinese Town (OCT) Enterprises, Fantawild Holdings, and Chimelong Group. GDHG distinguishes itself as a value-oriented regional leader, leveraging lower capital expenditure requirements and localized government partnerships to capture demand from middle-class families who prioritize accessible, local entertainment over premium international destination parks. The company’s leadership is currently headed by Jin Xu, who has served as Chief Executive Officer and Chairman of the Board since March 2024, bringing extensive experience from his previous tenure as Vice President at Beijing Dingli Lianchuang Culture. Founded in 2008 and headquartered in Nanping, Fujian, the executive team includes a board of directors with an average tenure of nearly four years, featuring key members such as Jinhua Wang and independent directors Bin Chen and Daofu Lin. The founding vision was centered on the "Jinsheng" brand to provide localized amusement solutions, a strategy that has historically attracted institutional backing from regional investors like Jinzheng Investment Co Pte. Ltd. and Qingyu Investment Ltd. Under current leadership, the firm has focused on strategic expansion, recently diversifying its portfolio with projects like the Seven Rainbow Park and high-tech light show installations to enhance visitor throughput and operational efficiency.