China's leading third-party wealth management service provider, Huapu Group (NASDAQ Stock Code: HPH), announced today that it will team up with Word Group to invest in a number of international top sporting events.
1. Current focus of investment in sports events: (1) Event name: Davis Cup Davis Cup is a highly anticipated men's tennis team event between countries in the world, organized by the International Tennis Federation (ITF). The Davis Cup tennis tournament, which began on February 9, 1900, is also the longest tennis tournament in history, except for the Olympic tennis tournament. The event is held in several weeks throughout the year and in many venues, producing a Davis Cup champion each year. (2) Event name: Billie Jean King Cup The Billie Jean King Cup is the most important women's national tennis team event in the world. It is an annual women's tennis event founded in 1963 to celebrate the 50th anniversary of the establishment of the International Tennis Federation (ITF). It is on par with the Davis Cup men's tennis team event and is the highest-level and most influential international women's team tournament in the world. (3) Event name: Formula One World Championship (F1) F1 is the most advanced racing competition in the world today, organized by the International Automobile Federation (FIA), and is known as one of the "three major sporting events in the world" along with the Olympic Games and the World Cup.
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The Davis Cup is a highly anticipated men's tennis team competition between countries organized by the International Tennis Federation (ITF). First held on February 9, 1900, the Davis Cup Tennis Tournament is the longest running tennis tournament in history, except for the Olympic tennis competition. The competition is held in many locations on various weeks throughout the year, and a Davis Cup champion is crowned each year.
Event name: Billie Jean King Cup.
The Billie Jean King Cup is the most important women's tennis team event in the world. It was established in 1963 as an annual women's tennis event to celebrate the 50th anniversary of the founding of the International Tennis Federation (ITF). It is on par with the Davis Cup men's tennis team event, and is the highest level and most influential international women's team event in the world of tennis.
Event name: Formula One World Championship (F1).
F1 is the highest level car racing competition in the world today, organized by the International Automobile Federation (FIA). It is one of the "Three Major Sporting Events in the World" alongside the Olympics and the FIFA World Cup.
Currently, Word Group has acquired the hosting rights for the 2024 Men's Tennis World Cup and Davis Cup Finals Group Stage (2024 DAVIS CUP FINALS GROUP STAGE);
Word has participated in bidding to host the 2024 Women's Tennis World Cup and Billie Jean King Cup Finals (2024 Billie Jean King Cup Finals) and the 2025-2029 Tennis World Cup (DAVIS CUP FINALS & Billie Jean King Cup Finals—THE WORLD CUP OF TENNIS);
Word plans to bid for the 2025 Formula One World Championship in China.
3. Sports event details: (1) September 10 to September 15, 2024, the 2024 Men's Tennis World Cup and Davis Cup Finals Group Stage (2024 DAVIS CUP FINALS GROUP STAGE) will be held in Hengqin, China - Macau; (2) Will strive for November 13 to 20, 2024, the 2024 Women's Tennis World Cup and Billie Jean King Cup Finals (2024 Billie Jean King Cup Finals) will be held in Guangzhou or Shenzhen; (3) Will strive for 2025 to 2029, the Tennis World Cup (DAVIS CUP FINALS & Billie Jean King Cup Finals—THE WORLD CUP OF TENNIS) will be held in Guangzhou, Shenzhen, Hong Kong, Hengqin Greater Bay Area, Foshan, and other places in China, with the men's finals group stage lasting one week in mid-September each year, men's finals knockout stage and women's finals held for 8-10 days in the middle and early November each year; (4) Will strive for 2025, the Formula One World Championship (F1) will be held in Guangzhou, China.
(1) From September 10 to September 15, 2024, the 2024 Men's Tennis World Cup and Davis Cup Finals Group Stage (2024 DAVIS CUP FINALS GROUP STAGE) will be held in Hengqin, China - Macau;
(2) Will strive for November 13 to 20, 2024, the 2024 Women's Tennis World Cup and Billie Jean King Cup Finals (2024 Billie Jean King Cup Finals) will be held in Guangzhou or Shenzhen;
(3) Will strive for 2025 to 2029, the Tennis World Cup (DAVIS CUP FINALS & Billie Jean King Cup Finals—THE WORLD CUP OF TENNIS) will be held in Guangzhou, Shenzhen, Hong Kong, Hengqin Greater Bay Area, Foshan, and other places in China, with the men's finals group stage lasting one week in mid-September each year, men's finals knockout stage and women's finals held for 8-10 days in the middle and early November each year;
(4) Will strive for 2025, the Formula One World Championship (F1) will be held in Guangzhou, China.
4. The total investment in the sports event costs and operating expenses of this top-level international tennis tournament and F1 Championship is about USD 0.25 billion yuan.
5. The projected net income from investing in international top sports events this time is: (1) The projected net income from the two international tennis competitions in 2024 is approximately 8 million US dollars. (2) The projected net income from the international men's and women's tennis championships in 2025 is approximately 20 million US dollars.
The net income forecast for the two international tennis tournaments in 2024 is about 8 million US dollars.
The net income forecast for the top international men's and women's tennis championships in 2025 is approximately 20 million US dollars.
The predicted net income for the 2025 Formula One World Championship F1 is approximately USD 45 million.
Due to the hosting rights of two large international top tennis tournaments and the Formula One World Championship F1 being for five years, that is, from 2025 to 2029 for five years, the net income is expected to exceed 0.3 billion US dollars.
In the later stage, both parties will continue to invest in focusing on international top sports events, such as volleyball, ping pong, badminton, swimming, football, basketball, sailing and other sports activities.
According to Hu Yinan, CEO of Huapu Group, "Participation of Huapu Group in international top sports events signifies that Huapu Group's globalization and intelligence strategies have entered a substantial landing stage. In addition to bringing huge cash flow and net income to the company, the project also enhances the company's international image and brings opportunities for integration with the international community."
About HuaDe Group:
HuaDe Group was established in 2005, headquartered in Singapore, is a private boutique investment and development company, focusing on mergers and acquisitions in industries such as real estate, technology, medical health, and sports culture in China and Southeast Asia, and dedicated to creating long-term value for partners. As a limited partner and cornerstone investor of the China-Singapore International Sports Industry Fund, HuaDe Group is committed to working with event organizers to develop ancillary products such as advertising, TV radio social media broadcast rights, event souvenirs, event electronic games, clothing and sporting goods related to events.
About Huapu Group (Nasdaq Stock Code: HPH)
Huapu Group was established in 2010 and is committed to becoming a leading intelligent home and enterprise service provider. In keeping with the mission of allowing all families to enjoy a better life, Huapu Group has a global strategic view and focuses on two core driving engines of "technology intelligence" and "capital mergers and acquisitions", exploring potential high-quality companies at a global level and investing and running businesses in fields such as asset allocation, educational tours, cultural tourism, sports, health and old-age care, family governance, etc.
Currently, Huapu Group owns Fanhua Holdings Group, China's leading third-party intelligent financial services platform, and Fanhua Puyi Fund Sales Co., Ltd., a third-party wealth management service provider in China; it has signed a contract to acquire Singapore-based Huard Lijun, a manufacturer of artificial intelligence robots.
Huapu Group was transformed and renamed from the former Puyi Group (stock code: PUYI) on March 13, 2024.
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