Qingsong Health (ASX: 02661) has announced that on May 25, 2026, its subsidiary, Beijing Qingsong Health Network Technology Co., Ltd., entered into three health management service cooperation agreements with YDT Life Insurance Co., Ltd. (YDT Life) following amicable negotiations. The term of the collaboration is one year. The company formally received the original agreements, which had completed the legal signing process, on June 5, 2026.
The scope of cooperation includes, but is not limited to, medical treatment services and chronic disease management, health promotion and disease prevention, and rehabilitation care. The aim is to jointly establish a comprehensive, full-chain health management service system. This partnership falls under the company's comprehensive health service package business within its health-related services segment.
Under this cooperation model, the company acts as the health management service integrator. It will provide health management services and related auxiliary services to YDT Life's relevant clients. In the service delivery process, the company will coordinate its own resources alongside third-party medical and health service resources to form an integrated service system covering medical treatment, prevention, and rehabilitation.
According to YDT Life's official website, the insurer was initiated by State Grid Corporation of China and its affiliated companies and is a significant component of State Grid's financial segment. As of June 2025, YDT Life had established 21 provincial branches, 103 prefecture-level central sub-branches, and 237 county-level marketing service departments/sub-branches. State Grid Corporation of China is a centrally managed, state-owned sole proprietorship established under the Company Law of the People's Republic of China. Its core business is the investment, construction, and operation of power grids, making it a super-large, state-owned enterprise of critical importance to national energy security and the national economic lifeline.
The board of directors believes this cooperation aligns with the group's long-term development strategy. Through this partnership, the group will establish a deep cooperative relationship with YDT Life in the health management service field, which is expected to:
1. Leverage YDT Life's nationwide service network covering provincial, municipal, and county levels to provide solid channel support for the cross-regional deployment and scaled operation of the group's health management services across the country, further expanding service coverage and market penetration.
2. Promote the large-scale implementation of the group's self-developed evidence-based medicine intelligent agent, "Zhengyuanfang," in health management service scenarios. Utilizing YDT Life's nationwide customer base will provide a real and diverse practical validation environment for the AI evidence-based decision-making capabilities of "Zhengyuanfang," accelerating the extension of its capabilities from the professional medical practitioner side to the health management service side.
3. Expand the group's health management service coverage within the insurance field and deepen the "insurance + health management" business model. This will fully utilize the group's service capabilities and resource advantages in areas such as medical treatment services, chronic disease management, health consultations, health check-ups, health promotion, disease prevention, and rehabilitation care.
4. Further consolidate the group's market position in the medical and health service sector, enhancing brand influence and comprehensive competitiveness. The group has already built a "platform + service" one-stop health service ecosystem, possessing comprehensive capabilities in medical and health services, digital platform construction, and health management services.
The company's health service solutions aggregate extensive health management service project resources and content resources. Combined with its differentiated proprietary smart platforms, these solutions will assist YDT Life in optimizing service processes, designing user health management plans, and improving service quality. Simultaneously, the group is committed to promoting the deep integration of cutting-edge technologies like artificial intelligence with the healthcare field, continuously exploring innovative application scenarios. By expanding the comprehensive health service ecosystem and enriching health service package combinations, the group will continually deepen its mutually beneficial cooperation with YDT Life and enhance user lifetime value.
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