HAICHANG HLDG (02255) announced that its wholly-owned subsidiary, Beijing Haichang Ocean Park Co., Ltd., recently signed a joint venture cooperation contract with Beijing Yitong Zhongxin Enterprise Management Co., Ltd., a wholly-owned subsidiary of Beijing Tongzhou Urban Construction and Operation Group Co., Ltd. The parties intend to establish a joint venture responsible for the exclusive operation of the Beijing Haichang Ocean Park project (Beijing Project).
According to the contract, the joint venture will exclusively operate the Beijing Project using the "Haichang Ocean Park" brand; the Group will provide the necessary related biological assets for the project's operation to the joint venture and charge a biological asset leasing service fee; the operating term of the joint venture is long-term.
The contract also specifies the joint venture company's articles of association, governance structure, board of directors, financial management, and other details.
The Beijing Project is located in the northern industrial belt of the cultural tourism zone in Beijing's sub-center, adjacent to the Universal Beijing Resort and the Gaoloujin Station on Beijing Metro Line 7, fully leveraging the agglomeration effect of the Universal resort area and achieving "direct park entry upon exiting the subway station."
The total construction area of the Beijing Project is approximately 160,000 square meters, with development contents including hotels, an aquarium, and supporting facilities; it is expected to be completed and begin operations in 2027.
The Beijing Project is a fifth-generation aquarium integrating numerous functions such as ecology, science popularization, research studies, interaction, exhibition, art, and theme hotels.
The Beijing Project features multiple main exhibits distributed across 8 themed zones, capable of hosting various forms of interactive performances, water screen shows, music, and stage art activities.
Currently, the Beijing Project has fully entered the engineering construction phase.
The Board believes that the Beijing Project represents the culmination of the Group's over two decades of experience in deep cultivation of marine culture and tourism, gathering top global creativity, technology, and operational expertise to create a new generation benchmark for ocean theme parks to flagship standards.
The Beijing Project deeply integrates marine culture, IP entertainment, and immersive scenarios, delivering a comprehensively elevated experience.
The establishment of the joint venture is a key milestone for the Group's cultural tourism services and solutions business, not only demonstrating the Group's outstanding capabilities across the entire process of theme park design, construction, and operation but also marking the business's entry into a rapid development track.
It provides a replicable, profitable demonstration model for subsequent rapid expansion in core cities nationwide, while also creating multi-dimensional value for shareholders, partners, and consumers, releasing sustainable growth momentum, and opening a new chapter of high-quality expansion.