Elong Power Holding Limited (NASDAQ: ELPW) Announces Subsidiary’s Entry into a US$25.5 Million Annual Cooperation Agreement, Marking a Critical Step Forward in Its Global Distribution Expansion
Key Highlights
- ➤Annual cooperation agreement totals US$25.5 million for Elong Hong Kong
- ➤First goods delivery completed, worth approximately US$0.84 million
- ➤Elong Hong Kong plans B2B distribution network for enterprise customers
- ➤Agreement launches Elong Power’s overseas enterprise distribution gateway
- ➤Management cites asset-light transformation and robust cash reserves
Expert Statements
Elong Power management, Management of Elong Power Holding Limited
“With the asset-light strategic transformation completed in the first half of 2026 and our robust cash reserves, we possess strong risk resilience and a solid foundation for business expansion.”
Elong Power management, Management of Elong Power Holding Limited
“This commercial partnership represents dual market recognition of Elong Power’s business model and operational capabilities.”
Elong Power management, Management of Elong Power Holding Limited
“It not only marks the launch of our overseas distribution gateway for enterprise customers, but also enables us to continuously sharpen our cross-border supply chain management capabilities by leveraging Hong Kong’s sophisticated financial system and global trade resources.”
Elong Power management, Management of Elong Power Holding Limited
“Moving forward, we will continue to integrate high-quality upstream and downstream resources along the industrial chain.”
Elong Power management, Management of Elong Power Holding Limited
“While consolidating our leading position in the energy storage sector, we will accelerate the market penetration of our energy storage products and solutions in the Asia-Pacific market.”
Elong Power management, Management of Elong Power Holding Limited
“Through the synergistic development of our trading business and core new energy operations, we will deliver long-term value to our shareholders.”
Beijing, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Elong Power Holding Limited (NASDAQ: ELPW, hereinafter referred to as “Elong Power” or the “Company”) today announced that its subsidiary, Elong Power (Hong Kong) Holding Limited (“Elong Hong Kong”), has entered into a one-year omnichannel cooperation agreement with a total value of US$25.5 million. The agreement takes effect on the date of signing and includes an automatic renewal clause that activates in the absence of objection, laying a sustainable foundation for ongoing cooperation. Shortly after the agreement was signed, the Company fulfilled its obligations promptly and completed delivery of the first batch of goods worth approximately US$0.84 million. This milestone achievement further validates the Company’s commercial execution capacity following its asset-light strategic transformation and represents a key milestone in the deepening of its global strategy.
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