On June 25th, Glory Sea Holding Group (08020.HK) announced that in terms of IP automation and entertainment business, the entertainment venue IP-related brand management and marketing consulting services ("IP automation and entertainment business") have been showing good performance and have become one of the main sources of income for the group. The management of the group believes that the experiential entertainment consumption market has enormous growth potential.

Since 2019, the Group has been operating the "Ganawawa" store in Sai Wan, Hong Kong, which is an IP-themed experience center that provides different IP products such as automated gift machines, themed game machines, carnival game machines, and retail shops. As part of the group's business development plan, the "Ganawawa" store is currently undergoing expansion, which will increase the total floor area from about 700 square feet to approximately 2,000 square feet. The expansion of the "Ganawawa" store is expected to be completed in July 2024.

The company is in the final negotiation stage with a large Japanese retail chain to open a "Ganawawa" flagship store in their retail store in Lai Chi Kok. The total floor area of the flagship store is approximately 13,000 square feet. The aforementioned "Ganawawa" store is expected to open in the third quarter of 2024. The company believes that after the above expansion plan is completed, the "Ganawawa" store can provide customers with richer, more diverse and more interesting game experience.