ELATE HOLDINGS' subsidiary terminates all cooperation with Goldpay on blockchain vouchers and related projects
ELATE HOLDINGS's wholly-owned subsidiary, ELATE Graphite Co., Ltd., has terminated its cooperation with Goldpay Limited on blockchain vouchers and related projects. The two parties signed a cooperation agreement on October 10, 2025, with Goldpay responsible for issuing vouchers to promote product sales. However, due to a strategy adjustment regarding its registered location, Goldpay officially proposed to terminate the cooperation on November 3, 2025. Both parties agreed to waive their rights to claims, and the project has not been completed, with no transaction payments made
According to the Zhitong Finance APP, ELATE HOLDINGS (00076) announced that its wholly-owned subsidiary, ELATE Graphite Limited (subsidiary), and Goldpay Limited (Goldpay) signed a cooperation agreement on October 10, 2025. According to the agreement, Goldpay will issue a practical blockchain voucher primarily for the subsidiary to facilitate the cooperation plan for the company's product sales. However, Goldpay recently requested to terminate the cooperation on the blockchain voucher project with the subsidiary. They stated that the termination of cooperation was based on Goldpay's adjustment of its strategy regarding the choice of the registered location of the cooperating company, thus requesting to terminate all cooperation with the subsidiary on the blockchain voucher and related projects. The subsidiary and Goldpay signed a termination agreement on November 3, 2025, based on the above content, agreeing to terminate all cooperation between Goldpay and the subsidiary on the blockchain voucher and related projects, effective immediately.
According to Goldpay, the blockchain voucher development project that Goldpay is responsible for has not yet been completed, and no individual or company has paid any amount for the buying, selling, holding, or any nature of transactions related to the blockchain voucher and all related projects. Both parties agree to waive their rights to claim against the other party, including but not limited to expenses incurred
