In this picture, we can see a traditional Chinese lion dance and dragon dance performance.

These dances are usually held during the Chinese New Year period, symbolizing good luck, prosperity, and happiness.

In the image, there is a person dressed in red holding a large yellow triangular flag with black characters.

This flag may be used to guide the lion and dragon dance teams.

Additionally, there is a large red dragon flag with golden characters.

These flags are important components of traditional Chinese culture, representing the spirit and cultural heritage of the Chinese people.