Elong Power unit signs $25.5M cooperation agreement

Elong Power Holding Limited (NASDAQ: ELPW) announced that its subsidiary, Elong Power (Hong Kong) Holding Limited, has entered into a one-year omnichannel cooperation agreement valued at $25.5 million, according to a press release dated Oct. 28, 2026.

The agreement, which took effect upon signing, includes an automatic renewal clause that activates if neither party raises an objection. Under its terms, the Hong Kong subsidiary will distribute smart consumer electronic products and build a business-to-business distribution network targeting enterprise customers.

Shortly after signing, Elong Power completed delivery of a first batch of goods valued at approximately $840,000, fulfilling its initial obligations under the agreement.

The company stated it plans to leverage Hong Kong's position as an international trade hub to distribute intelligent energy storage products across global commercial markets. The initiative is intended to expand the company's smart hardware ecosystem business and its cross-border supply chain capabilities.

Elong Power describes itself as a provider of lithium battery energy storage system solutions, covering portable, residential, commercial, industrial, and utility-scale energy storage products. The company is incorporated in the Cayman Islands and led by Chairperson and Chief Executive Officer Xiaodan Liu.

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