On December 23, ELATE HOLDINGS (00076) announced that a shareholder transferred shares from Greater Bay Area Shenzhen-Hong Kong Securities to DBS Hong Kong, with a transfer value of HK$3.3672 million, accounting for 5.49% of the holdings.

In a separate announcement on the same day, ELATE HOLDINGS disclosed that its wholly-owned subsidiary, ELATE Graphite Limited, signed a three-year cooperative management agreement with Qingdao Tiantai Cultural Tourism Industry Group Co., Ltd. on December 23, 2025. Key terms of the agreement include:

1. Starting January 1, 2026, the subsidiary will collaborate with Qingdao Tiantai to expand operations, including golf courses and natural hot spring hotels under Qingdao Tiantai’s portfolio. The subsidiary will introduce AI technology and integrate a wellness concept into Qingdao Tiantai’s business.

2. Qingdao Tiantai will pay the subsidiary a cooperative management fee of RMB 1 million—10% within 30 days of signing and the remaining 90% by December 31, 2026. Additionally, if Qingdao Tiantai achieves a profit of RMB 50 million in 2026, the subsidiary will receive an additional 10% share of the profits, payable by January 31, 2027.

(As of November 30, 2025, Qingdao Tiantai reported revenue of RMB 65 million and a profit of RMB 25 million for the 11-month period.)