Elong Power Holding Ltd. reported first-half 2026 revenue of $2,899,110, versus $19,229 in first-half 2025. Revenue came from energy-storage system integration equipment and accessories. Cost of revenue was $2,890,116, leaving gross profit of $8,994 and a 0.3% gross margin, compared with 10% a year earlier. The company recorded a $1,801,412 operating loss and a $2,110,295 loss from continuing operations.
Reported net income was $20,494,107, versus a $2,655,477 net loss a year earlier, including a $22,606,404 gain from the March disposal of Elong Power International Co., Limited and its subsidiaries for $10,000. Net cash used in operating activities was $7,050,826, while financing activities provided $19,423,178; cash and cash equivalents were $5,939,950 at June 30, 2026. The company says it shifted from battery manufacturing to asset-light energy-storage system integration.
A RMB480,000,000 energy-storage equipment contract, including tax, was postponed pending the customer’s government approvals; delivery is now expected to commence in May 2027.
Elong Power Holding Ltd. (ELPW) has filed a resale prospectus for up to 2,583,496 Class A Ordinary Shares issuable upon exercise of previously issued May, July and August 2026 warrants, to be sold from time to time by selling shareholders. Elong will not receive proceeds from these resale transactions.
Elong is a Cayman Islands holding company whose operations are conducted through a wholly owned subsidiary in China focused on R&D, sales and service of energy storage systems for residential, commercial and industrial, and grid-side markets. The structure means investors hold shares in the Cayman holding company, not the PRC operating entity, and face PRC legal and operational risks, including evolving rules on overseas listings, data and cybersecurity, capital controls and potential impacts from the HFCAA.
The company maintains a dual-class structure where each Class A share has one vote and each Class B share has 200 votes, with Class B not convertible. Multiple large reverse share consolidations and share capital changes have been implemented to maintain Nasdaq listing compliance; on September 9, 2026 the Class A share last traded at $2.795 on Nasdaq. Elong does not expect to pay cash dividends in the foreseeable future and relies on PRC subsidiary cash flows, which are subject to PRC dividend, foreign exchange and reserve requirements.
Elong Power Holding Ltd. (ELPW) corrected the reported voting results of its August 27, 2026 extraordinary general meeting, confirming shareholder approval of a 45‑for‑1 Share Consolidation of both Class A and Class B ordinary shares effective August 10, 2026 and corresponding changes to its Cayman memorandum and articles of association.
Shareholders approved increasing authorized share capital from US$240,000,000 (416,666,666 shares at US$0.576 par) to US$288,000,000,000 (500,000,000,000 shares at US$0.576 par), then implementing a Share Capital Reduction and Reorganization to create authorized capital of US$50,000 divided into 500,000,000,000 shares at US$0.0000001 par. They also authorized conditional future share consolidations (10‑to‑1, 20‑to‑1, 50‑to‑1, or 80‑to‑1) tied to sustained Class A share prices below US$1.00, related new and restated memoranda and articles, and broad implementation authority for directors and service providers.
Elong Power Holding Ltd. (ELPW) filed Amendment No. 1 to its Form F-1 registration statement. The amendment is described as being filed solely to re-file Exhibit 5.1, the Cayman counsel opinion from Appleby on the validity of the Class A ordinary shares being registered, and does not change the preliminary prospectus, which is omitted from this amendment.
The company, incorporated in the Cayman Islands and headquartered in Beijing, restates its articles’ provisions indemnifying directors and officers to the extent permitted by Cayman law, excluding matters arising from personal dishonesty. It also acknowledges that, as advised by the SEC, indemnification for Securities Act liabilities is considered against public policy and thus unenforceable, and it undertakes standard Securities Act liability and prospectus-related obligations.
Elong Power Holding Ltd. (ELPW) reported that Orca Capital, a German entity, has amended its Schedule 13G to disclose beneficial ownership of the company’s Class A ordinary shares. Orca Capital beneficially owns 47,894 Class A Ordinary Shares, representing 4.9% of this class.
Orca Capital has sole voting and sole dispositive power over all 47,894 shares. The ownership percentage is calculated using 929,541 ordinary shares outstanding as of August 19, 2026, which excludes 372,107 ordinary shares issuable upon exercise of common warrants. These warrants, and any pre-funded warrants, are subject to a 4.99% Blocker that prevents Orca Capital from exercising them to the extent such exercise would result in beneficial ownership of more than 4.99% of Elong Power’s outstanding common stock.
Elong Power Holding Ltd. (ELPW) reports that shareholders approved all ten proposals at an extraordinary general meeting held on August 27, 2026. The key item was ratification of a 45-for-1 share consolidation of both Class A and Class B ordinary shares, which took effect on August 10, 2026, with fractional shares rounded up.
The consolidation changed the authorized share capital from US$240,000,000 divided into 18,750,000,000 ordinary shares of US$0.0128 par value each to the same dollar amount divided into 416,666,666 ordinary shares of US$0.576 par value each. Shareholders also approved a subsequent restructuring: a reduction of par value on issued shares to US$0.0000001, a large subdivision of unissued shares, and a reset of authorized capital to US$50,000 divided into 500,000,000,000 shares.
Further resolutions adopted updated memoranda and articles of association to reflect these capital changes, shortened the deemed service period for mailed notices from five to three days, and pre-approved additional conditional future reverse share consolidations (10:1, 20:1, 50:1, or 80:1) tied to sustained low trading prices of the Class A shares.
Elong Power Holding Ltd. (ELPW) reported the initial beneficial ownership of its Chair & CEO, LIU XIAODAN, on a Form 3. The filing lists an indirect holding of 114,515 Class B ordinary shares, held through Gracedan Limited, where LIU XIAODAN is the sole director with full voting, investment, and economic interests.
Elong Power Holding Ltd. (ELPW) reported that YANG ZHAOHUI is a director of the company in an initial ownership filing on Form 3. The filing does not report any equity transactions or holdings, serving only to establish reporting-person status for future insider ownership and trading disclosures.
Elong Power Holding Ltd. (ELPW) had a Form 3 filed by reporting person WANG WEIJUN, who is identified as a director of the company. This is an initial statement of beneficial ownership of securities and, in this filing, no transactions or specific share holdings are reported.