Core Viewpoint - The announcement by the Shaoxing City support team for Xiangyuan Holdings Group indicates a proactive approach to manage liquidity risks and protect investor rights amid overdue payment issues faced by the group [2][5]. Group 1: Company Financials and Risks - Xiangyuan Holdings has total assets of approximately 60 billion RMB and liabilities of about 40 billion RMB, indicating a significant liquidity pressure due to high debt levels [4]. - The liquidity pressure is exacerbated by ongoing investments in the cultural tourism and real estate sectors, alongside declining external financing capabilities [4][10]. - The overdue payment situation involves financial products linked to real estate projects, with Xiangyuan Holdings and its actual controllers bearing joint guarantee responsibilities [5][7]. Group 2: Market Reactions and Governance - Three listed companies under the Xiangyuan Group—Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park—issued announcements to clarify their independence from the overdue payment issues, emphasizing their commitment to corporate governance [5][8]. - The market's trust in these announcements will be tested by the duration of the liquidity risks faced by the controlling shareholder, raising concerns about potential indirect financial impacts on the listed companies [8][11]. Group 3: Asset Liquidity and Valuation - Xiangyuan Holdings' asset portfolio includes real estate, cultural tourism, and infrastructure, with significant exposure to market fluctuations affecting their liquidity [10][12]. - The high pledge ratios of shares, such as 95.63% for Xiangyuan Cultural Tourism, limit financial maneuverability and increase vulnerability to market volatility [11]. - The recent performance of Haichang Ocean Park, with a revenue drop of 14.2% year-on-year and a loss of approximately 296 million RMB, highlights the challenges in generating cash flow from large-scale projects [12][13]. Group 4: Leadership and Future Outlook - The liquidity crisis ultimately points to the actions of the controlling shareholder, Yu Faxiang, who has a history of expanding Xiangyuan Holdings across multiple sectors [16][20]. - The ability of Xiangyuan Group to manage asset disposals and debt negotiations will be crucial in alleviating the payment pressures and ensuring the operational independence of its listed companies [20].

Core Viewpoint - Beijing Haichang Ocean Park has officially entered the construction phase, with various foundation construction equipment currently in operation, and the project is expected to be completed and operational by 2027 [1] Group 1: Project Overview - The total construction area of Beijing Haichang Ocean Park is approximately 160,000 square meters, integrating multiple functions such as ecology, science popularization, research, interaction, performance, art, and themed hotels [1] - The project includes the construction of a hotel, an ocean museum, and supporting facilities [1] Group 2: Development and Collaboration - The project is a collaboration between Haichang Ocean Park and Beijing Tongzhou Urban Construction Operation Group, with Beijing Tongzhou Whale Navigation Property Development Co., Ltd. as the construction party [1] - China State Construction Engineering Corporation Second Engineering Bureau is the general contractor for the construction [1] - Haichang Ocean Park is responsible for brand output, product planning and design, biological input, and comprehensive operational management after completion [1]

Core Viewpoint - The Beijing Haichang Ocean Park project has entered the construction phase, with significant developments in engineering and operational preparations, aiming for completion by 2027 [1][2]. Group 1: Project Overview - The Beijing project is located in the northern industrial belt of the Beijing urban sub-center, adjacent to the Universal Studios Resort and Beijing Metro Line 7, enhancing accessibility [1]. - The total construction area of the project is approximately 160,000 square meters, including a hotel, aquarium, and supporting facilities [1]. - The project is designed as a fifth-generation oceanarium, integrating various functions such as ecology, science popularization, interactive performances, and themed hotels [1][3]. Group 2: Strategic Partnerships and Development - The project is a collaboration between Haichang Ocean Park and Beijing Tongzhou Urban Construction Operation Group, with construction managed by Beijing Tongzhou Whale Navigation Real Estate Development Co., Ltd. [2]. - Haichang Ocean Park is leveraging over 20 years of experience in the marine theme park sector to ensure the project's timely progress [2]. Group 3: Economic Impact and Regional Development - The Beijing project is a key municipal project, included in the core cultural tourism project planning of the Beijing urban sub-center, benefiting from regional tourism development policies [2]. - The project is expected to complement the Beijing Universal Resort and other local developments, enhancing the area's appeal as a major tourism destination [3]. - Recent announcements indicate the signing of four high-energy projects in Tongzhou, with a total investment of nearly 10 billion, further boosting the region's tourism potential [3]. Group 4: Market Performance - As of the latest market close, Haichang Ocean Park's stock price was 0.51 HKD per share, reflecting a 7.37% increase [4].

Group 1 - The incident involving a black bear attacking a trainer at Hangzhou Wildlife World led to the suspension of the bear performances and the reassignment of the involved trainer [2][18] - There has been increasing scrutiny on animal performances in theme parks, with allegations of animal mistreatment surfacing, such as the use of tranquilizers on dolphins and expired medications for seals at Zhengzhou Haichang Ocean Park [3][19] - The service practices at theme parks have also faced criticism, exemplified by the "bag check" controversy at Shanghai Haichang Ocean Park, where staff searched visitors' bags and confiscated snacks, raising concerns about visitor rights [3][20] Group 2 - Financial data indicates a decline in visitor numbers and revenue for domestic theme parks, with a 1.76% drop in visitors and a 3.74% decrease in revenue in 2024, a trend expected to continue into 2025 [6][23] - Haichang Ocean Park reported revenue of 1.818 billion yuan in 2024, remaining stable compared to 2023, but faced a net loss of 740 million yuan, a 275% increase in losses year-over-year [8][25] - The park's revenue heavily relies on park operations, with 92.7% of its income coming from this source, making it vulnerable during industry downturns [10][27] - Financial pressures have affected employees, with Haichang Investment Group being listed for labor violations due to unpaid wages totaling 2.66 million yuan, highlighting the operational challenges faced by the company [12][29] - The challenges faced by Haichang reflect broader issues within the marine park industry, where traditional animal performance models are increasingly criticized for failing to meet animal welfare standards and enhance visitor experiences [13][30]

Group 1 - The Beijing Haichang Ocean Park project has entered the construction phase, involving foundation work, installation of the thickest acrylic windows in the country, and integration of various marine systems [1] - The total construction area of the park is approximately 160,000 square meters, designed as a fifth-generation ocean museum that includes a hotel, aquarium, and supporting facilities, expected to be completed and operational by 2027 [1] - The park's design resembles a "giant sailing ship" and features multiple main attractions across eight themed zones, including a large modern theater for aquatic performances and interactive experiences with marine animals [1] Group 2 - The Beijing Haichang Ocean Park fills a gap in high-end marine cultural tourism in Beijing, catering to family, educational, and research visitor needs [2] - Once completed, the park is expected to create a complementary effect with the Beijing Universal Resort and other regional projects, enhancing the area's appeal as a new major tourist destination [2]

Core Viewpoint - The Beijing Haichang Ocean Park project has entered the construction phase, with significant progress in various construction activities and operational preparations [1][2] Group 1: Project Development - The project involves the installation of the thickest acrylic windows in the country, large pool leak-proofing, and integration of multiple marine systems [1] - The total construction area of the Beijing project is approximately 160,000 square meters, including a hotel, aquarium, and supporting facilities, expected to be completed and operational by 2027 [1] - The project is a collaboration between the company and Beijing Tongzhou Urban Construction Operation Group, with construction managed by Beijing Tongzhou Whale Navigation Real Estate Development Co., Ltd. [1] Group 2: Strategic Importance - The Beijing project is a key municipal project included in the core cultural and tourism planning of the Beijing urban sub-center, benefiting from regional cultural tourism development policies [2] - As the first large indoor marine theme park built in Beijing since 2000, the project aims to fill the gap in high-end marine tourism offerings in the city [2] - Upon completion, the project is expected to create a complementary effect with the Beijing Universal Resort and other regional projects, enhancing the tourism landscape and driving new consumption in the area [2]

Core Viewpoint - The Beijing Haichang Ocean Park project has entered the construction phase, with significant progress in various construction activities and operational preparations [1][2] Group 1: Project Overview - The Beijing project covers a total construction area of approximately 160,000 square meters, including a hotel, aquarium, and supporting facilities, expected to be completed and operational by 2027 [1] - The project is designed as a fifth-generation oceanarium, integrating ecology, science popularization, research, interaction, performance, art, and themed hotels [1] - The project will feature multiple main exhibits distributed across eight thematic zones, offering various interactive performances, water curtain shows, and music and visual activities [1] Group 2: Strategic Importance - The Beijing project is a key municipal project included in the core cultural and tourism planning of the Beijing urban sub-center, benefiting from regional cultural tourism development policies [2] - As the first international-level ocean cultural tourism project in the sub-center, it will receive official resources to support its construction and operation [2] - The project aims to fill the gap in high-end ocean cultural tourism offerings in Beijing, catering to family and educational tourism demands [2] Group 3: Collaborative Development - The project is a collaboration between the company and Beijing Tongzhou Urban Construction Operation Group, with construction managed by Beijing Tongzhou Whale Navigation Real Estate Development Co., Ltd. [1] - The company will provide brand output, product planning, design, and biological input, while being responsible for overall operational management post-completion [1]

Core Viewpoint - The Beijing Haichang Ocean Park project has entered the construction phase, with various foundation construction equipment currently in operation, and is expected to be completed and operational by 2027 [1][2] Group 1: Project Overview - The Beijing project covers a total construction area of approximately 160,000 square meters, including a hotel, aquarium, and supporting facilities [1] - It is designed as a fifth-generation ocean park, integrating ecology, science popularization, research, interaction, performance, art, and themed hotels [1] - The project will feature multiple main exhibits distributed across eight themed zones, offering various interactive performances, water curtain shows, and music and visual activities [1] Group 2: Strategic Importance - The project is a key municipal project in Beijing, included in the core cultural and tourism project planning of the Beijing urban sub-center, benefiting from regional cultural tourism development policies [2] - As the first large indoor ocean theme park built in Beijing since 2000, it aims to fill the gap in high-end ocean tourism offerings in the city, catering to family and educational tourism demands [2] - Upon completion, the project is expected to create a complementary effect with the Beijing Universal Resort, enhancing regional tourism synergy with other local projects [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 HAICHANG OCEAN PARK HOLDINGS LTD. 海昌海洋公園控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2255） 自願性公佈 北京海昌海洋公園的最新進展 建議本公司股東及潛在投資者於買賣本公司證券時務請謹慎行事。 承董事會命 海昌海洋公園控股有限公司 本公告乃由海昌海洋公園控股有限公司（「本公司」，連同附屬公司統稱為「本集 團」）自願刊發，旨在向本公司的股東及潛在投資者公開本集團旗下主題公園的最 新進展。 本公司欣然宣佈，北京海昌海洋公園項目（「北京項目」）已全面進入工程建設階 段。目前，若干台地基施工設備正在作業，建設將涉及國內最厚亞克力視窗安 裝、超大水池防滲漏作業、多個海洋專項系統集成安裝等工作；運營籌備工作穩 步推進，演藝產品、展陳設計等工作亦深化中。 北京項目坐落於北京城市副中心文旅區北部產業帶，緊鄰北京環球影城度假區 （「北京環影」）和北京地鐵7號線高樓金 ...

消息面上，郑州海昌海洋公园与河南省科技馆，于12月10日正式签订战略合作。此次合作以"海洋+科 学"为核心，通过资源整合与内容共创，打造"体验式科普"新范式，推动科普从静态传播转向动态实 践，共创"科教融合、文旅赋能"新标杆。此外，三亚海昌梦幻海洋不夜城与三亚漫葡文旅发展有限公司 合作，引入"看见三亚"沉浸式夜游部落，已于12月6日正式开业。 值得注意的是，"祥源系"旗下多款金融资产收益权产品在浙金中心平台出现到期未兑付情况。"祥源 系"三家上市公司祥源文旅（600576）、交建股份（603815）、海昌海洋公园迅速澄清，公告均提及祥 源控股、公司实控人俞发祥就相关兑付义务承担连带保证责任，但事件涉及的金融产品与上市公司等无 关。 海昌海洋公园(02255)再涨逾9%，截至发稿，涨7.37%，报0.51港元，成交额3979.91万港元。 ...