Elate Holdings (00076) announced that on October 15, 2026, its wholly-owned subsidiary Cityhill Limited intends to acquire 69% of the entire issued share capital of AOMI Corporation from Han Carvestone International Limited, with a maximum consideration of approximately HK$754 million. Of this amount, HK$534 million will be settled at completion in MUP and gold bars, while the remaining balance (if any) will be paid in MUP, subject to an adjustment mechanism.

The group has been exploring the development of third-generation internet-related projects since 2025, including the establishment of a trading platform for bulk commodities and other goods. GoMeta Limited was incorporated for this purpose. If the acquisition is completed, it will serve as the starting point and foundation for the group to build a trading platform equipped with artificial intelligence that directly connects with consumers for the sale and delivery of food, daily necessities, and services.

The target company holds 98.75% equity in MED, which operates a leading and fast-growing delivery business in Macau and Zhuhai, China, through the Aomi online shopping platform. The company believes that the Aomi online shopping platform has a mature business model and advanced platform technology, supported by a professional research and development team of more than 100 people. The Aomi online shopping platform has independently developed all of its business software systems and holds multiple intellectual property rights, including utility model patents, design patents, software copyrights, and trademarks.

The directors believe that the acquisition will enable the group to broaden its revenue base and enhance its technical capabilities, particularly providing technical support for the platform-based transformation of its graphite business. After completion, the group plans to gradually expand Aomi's business beyond Macau. The group's joint venture GoMeta Limited will be able to combine its existing technology (primarily artificial intelligence) with the platform capabilities of the Aomi online shopping platform, thereby enhancing data synergies, improving user operational efficiency, and expanding the categories of local life services. At the same time, this move is expected to accelerate the transformation of the group's graphite business toward a digital and intelligent platform model by developing a digital trading platform for graphite products, and to enhance the group's ability to capture opportunities arising from the development of artificial intelligence.