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
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.