Hainan Province International Cultural Exchange Center Signs Agreement, Planning to Promote the Introduction and Implementation of Hainan F1 Formula Racing Project

People’s Finance News, April 8 — The official WeChat account of the Hainan Provincial International Cultural Exchange Center announced today that on April 8, the Hainan Provincial International Cultural Exchange Center signed a strategic cooperation agreement with Dingji Automotive Culture (Hainan) Co., Ltd. Both parties will focus on core areas such as the introduction and implementation of F1 Formula racing events, professional race track planning and construction, commercial event operation, the development of automotive cultural industry complexes, and the deep integration of culture, sports, and tourism, conducting comprehensive cooperation. Next, both sides will promote the high-standard implementation and effectiveness of the Hainan F1 Formula racing project.

On April 3, the two sides held an exchange symposium, where Li Gengjun, director of the Hainan Provincial International Cultural Exchange Center, pointed out that the Hainan F1 Formula racing event project is not only an important platform for creating a top-tier international sports event IP but also a key tool to serve the construction of Hainan Free Trade Port and accelerate the cultivation of an international tourism consumption center. According to the introduction, the project will take top-tier F1 international events as its core engine, planning and building a first-class race track, an automotive modification factory, a racing training school, comprehensive medical services, and five-star hotels, among other diverse formats, aiming to create a high-end automotive cultural industry complex that integrates cultural tourism leisure, commercial consumption, and unique experiences.