Zhangjiajie: Subsidiary Dayong Ancient City plans to sign a cooperation and promotion agreement with Zhangjiajie Mango Culture and Tourism

Zhangjiajie announcement: its wholly owned subsidiary, Zhangjiajie Dayong Ancient City Development Co., Ltd., plans to sign a “Cooperation and Promotion Agreement on Rights and Interests of the Dayong Ancient City Scenic Area, Supporting Hotels, and Concert Tickets” with Zhangjiajie Mango Culture and Tourism Co., Ltd. The agreement stipulates that the payment to Zhangmang Culture and Tourism Company for two concerts’ show production fees and music copyright fees has an upper limit of 9.6 million yuan; any excess net profit will be extracted at 50% for each party.
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