ELATE HOLDINGS (00076) announced that its wholly-owned subsidiary, ELATE Graphite Limited, has entered into a three-year management cooperation 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 the Qingdao company to expand its golf course and natural hot spring hotel businesses. ELATE Graphite will introduce AI technology and integrate a wellness concept into the Qingdao company’s operations.

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

(As of November 30, 2025, the Qingdao company reported revenue of RMB 65 million and a profit of RMB 25 million over the past 11 months.)