Hainan Province International Cultural Exchange Center signed an agreement to promote the introduction of Hainan F1 Formula Racing project.

The Hainan Province International Cultural Exchange Center announced on their official Weibo account today that on April 8th, they signed a strategic cooperation agreement with Dingji Automobile Culture Company. The two parties will focus on core areas such as introducing and implementing F1 Formula Racing events, professional racetrack planning and construction, commercial event operation, the development of automobile culture industry complexes, and deep integration of cultural, sports and tourism, and carry out comprehensive cooperation. Next, the two parties will work together to ensure the successful implementation of the Hainan F1 Formula Racing project to high standards. On April 3rd, a meeting was held where Li Gengjun, the director of the Hainan Province International Cultural Exchange Center, pointed out that the Hainan F1 Formula Racing event project is not only an important carrier for building international top-level sports event IP, but also a key factor in serving the development of Hainan Free Trade Port and accelerating the cultivation of an international tourism consumption center. According to the introduction, the project will center around F1 international top racing events, and will include the construction of a first-class racetrack, automobile modification factory, racing training school, comprehensive medical services, five-star hotels, and other diverse formats, aiming to create a high-end automobile culture industry complex that integrates cultural, leisure, business consumption, and unique experiences.