Summary of the Announcement

Elate Holdings Limited has released a supplemental announcement providing further details on its recently signed 3-year Cooperation and Management Agreement with AOMI Company. This framework arrangement aims to leverage Elate’s resources and expertise to support AOMI’s growth, particularly in market expansion, management, and technology applications.

Key Points of the Report

• Framework Agreement with AOMI Company:
  • Elate Holdings and AOMI Company signed a 3-year Cooperation and Management Agreement designed to provide strategic, advisory, and support services to AOMI.
  • The agreement is not legally binding in terms of specific financial commitments, fees, or investments at this stage.
• Scope of Support:
  • Market and Business Development: Elate may assist AOMI in market research, business environment analysis, and compliance assessments for overseas markets. Initial focus will be on markets with similarities to Macau, such as Taiwan or Singapore, with future expansion to South Korea, Japan, and emerging markets.
  • Management and Operational Consultancy: Elate will advise on corporate governance, operational optimization, and management system enhancements.
  • Technical and Digital Application Recommendations: Elate will introduce technical solutions involving data analytics, artificial intelligence, and system optimization to improve AOMI’s platform efficiency and user experience.
• Financial Impact and Commitments:
  • No financial projections or commitments have been made yet. The agreement is a framework for further discussion, with specific commercial terms, services, fees, and payments still to be finalized.
  • The parties will review the cooperation after three months and may enter supplemental agreements or explore equity investments, but currently, no legally binding agreement or term sheet on investment has been signed.
  • Any future transactions that become notifiable under Chapter 14 of the Hong Kong Listing Rules will be separately announced.
• Potential Shareholder Impact:
  • The announcement stresses that there is no guarantee any investment or cooperation will be finalized, and shareholders should exercise caution.
  • The partnership, if realized, could accelerate Elate’s expansion in fields such as artificial intelligence, Web3, and virtual/augmented reality, potentially impacting future revenues and share value.
• Company’s Core Businesses and Strategic Partnerships:
  • Elate Holdings’ principal activities include global trading of graphite products and the design/manufacturing of electronic products in the UK.
  • The company recently established Gometa Limited, a joint venture with Beijing Qi Le Wu Qiong Culture and Technology Limited, focusing on AI, Web3, and VR/AR technologies. The partnership with AOMI is expected to complement and expand these areas.

Leadership and Expertise Supporting the Agreement

• Dr. Y.F. Chen (Chief Technology Officer):
  • Holds a doctorate in Computer Science from a US Ivy League institution with extensive AI and machine learning research experience.
  • Over 20 years in corporate finance, including 15 years at a top global investment firm, and established more than ten cryptocurrency funds specializing in blockchain.
• Ms. S. Zhou (General Manager):
  • Over a decade of e-commerce experience, having built sales teams and platforms in Singapore, Germany, Austria, and China.
  • Specialist in digital transformation, supply chain optimization, and import/export logistics; previously worked for a European supermarket chain and a major Chinese e-commerce platform.
• Ms. Z.H. Ma (Chairperson of Subsidiary):
  • Founder of an AI tech company focusing on 5G+XR immersive experiences, holding 34 patents and 46 software copyrights.
  • Contributed to the 2008 Beijing Olympics ceremonies and received strategic investment from a leading US semiconductor firm.
• Beijing Qi Le Wu Qiong Culture and Technology Limited:
  • The joint venture partner possesses significant expertise in 5G, AI, VR, AR, and cloud computing, bolstering Elate’s technological capabilities.

Important Shareholder Considerations

• Price Sensitivity: While the agreement is currently non-binding and preliminary, the potential for future investment, expansion into new technology markets, and the leveraging of advanced expertise could be significant catalysts for share price movement if substantive deals materialize.
• Risk Factors: Shareholders are cautioned that there is no guarantee of finalization or completion of any investment or cooperation. All discussions remain at a preliminary stage, and no concrete financial or commercial terms have been established.
• Disclosure Obligations: The company will continue to comply with Hong Kong Listing Rules and make further announcements on any material developments.

Board of Directors

• Executive Directors: Mr. Feng Zhong Yun, Ms. Zhang Xue
• Independent Non-Executive Directors: Mr. Ng Lai Po, Ms. Ye Yi Fan, Dr. Yan Shao Shi
• Company Secretary: Vivian Lam

Disclaimer

This article is for informational purposes only and does not constitute investment advice. The information is based on the supplemental announcement by Elate Holdings Limited as of 2 March 2026. Investors are advised to exercise caution and consult with their financial advisors before making any investment decisions. The company gives no assurance that any potential cooperation or investment will be finalized or completed.

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