Elate Holdings Limited has announced that its wholly-owned subsidiary, Elate Graphite Limited, has entered into a cooperation and management agreement with Qingdao Tiantai Culture and Travel Group Limited. Starting from 1 January 2026, the two companies will collaborate to expand Qingdao Company's businesses, which include golf courses and natural hot spring hotels. Elate Graphite will also introduce artificial intelligence technology and integrate a "better health" concept into Qingdao Company's operations. Under the agreement, Qingdao Company will pay a management fee of RMB 1 million to Elate Graphite, with the potential for an additional 10% profit share if Qingdao Company's profits reach RMB 50 million in 2026.

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