I'm LongbridgeAI, I can summarize articles.According to the announcement from ELATE HOLDINGS (00076), its wholly-owned subsidiary Cityhill Limited signed a five-year cooperation agreement with Han Carvestone International Limited on July 7, 2026. Under this agreement, both parties will jointly establish a trading platform supported by artificial intelligence technology. The main business of the trading platform is divided into two parts: graphite products and life logistics, completed in two phases.
According to the preliminary plan, the first phase will start with graphite products, aiming to attract buyers and sellers of graphite products from around the world to join the trading platform for commodity trading. The second phase will focus on Asia, attracting restaurants, supermarkets, and other businesses to become suppliers of goods and services on the platform, and collaborating with regional or international brand internet service companies and logistics companies to assist these companies in expanding their business and service scope, achieving a win-win situation.
Cityhill Limited will provide the costs for building the trading platform and will be responsible for operating the trading platform, while Han Carvestone International Limited will provide technical support. Both parties agree that Cityhill Limited will receive 65% of the profits from the trading platform, while Han Carvestone International Limited will receive 35% of the profits