Golden Heaven Group (GDHG) Registration Filing summary

Company overview and business model

• Operates as a Cayman Islands holding company with all operations conducted through wholly owned subsidiaries in China, managing amusement and water parks and related facilities.

• Revenue is generated from park admissions, event rentals, and commercial tenant fees, with a focus on both thrilling and family-friendly attractions.

• Corporate structure does not use a VIE; investors purchase equity in the Cayman holding company, not directly in Chinese operating entities.

Financial performance and metrics

• Revenue for fiscal years ended September 30: $22.3M (2024), $31.8M (2023), $41.8M (2022).

• Net income/(loss): ($1.8M) (2024), $6.5M (2023), $14.3M (2022).

• Guest visits: 1.32M (2024), 1.87M (2023), 2.41M (2022).

Use of proceeds and capital allocation

• Net proceeds from prior IPO were used for a $6.19M cash transfer to Chinese operating entities.

• No current plans to declare or pay dividends; board has full discretion on future distributions, subject to legal restrictions.

• Future use of proceeds from this offering will be specified in prospectus supplements.