Golden Heaven Group Holdings Announces Individual Waiver of Certain Lock-Up Restriction

  • Investing.com
Golden Heaven Group Holdings Announces Individual Waiver of Certain Lock-Up Restriction

Golden Heaven Group Holdings Ltd. (Nasdaq: GDHG), an amusement park operator in China, announced today that the Company's certain shareholder has received a limited waiver (the "Waiver") from Revere Securities LLC and R.F. Lafferty & Co., Inc., the representatives of the Company's underwriters (the "Underwriters"), under a Lock-Up Letter Agreement that was entered into in connection with the Company's initial public offering (the "Offering") in April 2023. The Underwriters have agreed to waive lock-up restrictions with respect to ordinary shares of the Company's certain shareholder. The waiver will take effect on August 9, 2023, and will permit the repurchase and issue of ordinary shares by the certain shareholders, officers and directors in connection with resolutions of the Company's extraordinary general meeting of shareholders held on August 11, 2023.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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 approximately 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/.

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