On the 3rd and 4th of October 2006 TACDC successfully event managed the 2nd Qingdao Beach and Water Sports Festival, including the 1st ever Qingdao City Wide Sailing Regatta and the 1st ever Invitation Australia vs. China Beach Volleyball Cup. The Qingdao government estimated over 200,000 people attended the two days and evenings of sporting, entertainment, trade and business related activities.

As a result on the 5th October 2006, Conan received an award of recognition for increasing cooperation in trade and cultural exchange between Australia and China from Madam Zang Aimin Vice Mayor of the Qingdao Municipal Government and Administrative Vice Chairman for the Sailing Committee (Qingdao) of Beijing Organizing Committee for the Games of XXIX Olympiad.