Zhangjiajie Subsidiary Dayong Ancient City to Host Concerts with a Cap of 9.6 Million Yuan, Splitting Excess Profits 50-50

财中社·9 Jul 2026·Read original

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Summary · why it matters

Zhangjiajie's wholly-owned subsidiary Dayong Ancient City Development plans to sign a cooperation and promotion agreement with Zhangjiajie Mango Cultural Tourism. It will pay a maximum of 9.6 million yuan for production and music copyright fees for two concerts, with any excess net profit split 50 percent each. The cooperation aims to leverage concert traffic to boost Dayong Ancient City's brand awareness and convert visitor flow into operating revenue for the scenic area and hotels through bundled sales, laying a market foundation for the project's opening and operation. The shareholders of Zhangmang Cultural Tourism, Mango Excellent Media and Hunan TV & Broadcast Intermediary, are legal persons and persons acting in concert that together hold more than 5 percent of Zhangjiajie's shares, making this a related-party transaction. In the first quarter of 2026, Zhangjiajie achieved revenue of 66.86 million yuan and net profit attributable to the parent of 306 million yuan.

Zhang Jia Jie Tourism Group Co Ltd ▲