UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of July 2025
Commission
File Number: 001-42416
Elong
Power Holding Limited
Gushan
Standard Factory Building Project
Ganzhou New Energy Vehicle Technology City
West Gushan Road and North Xingguang Road
Ganzhou
City, Jiangxi Province, 341000, PRC
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ☒ Form 40-F ☐
On
July 29, 2025, David Bolocan tendered his resignation as a director and the Chair of Audit Committee, a member of Nominating and
Corporate Governance Committee and a member of Compensation Committee of Elong Power Holding Limited (the “Company”), effective
July 29, 2025. On June 18, 2025, Lawrence Leighton tendered his resignation as a director and the Chair of Compensation
Committee, a member of Nominating and Corporate Governance Committee and a member of Audit Committee of the Company, effective June
18, 2025. Neither David Bolocan nor Lawrence Leighton’s resignation was a result of any disagreement
with the Company’s operations, policies or procedures.
On
July 29, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee of the Company, Kebo
Qin was appointed as a director and the Chair of Audit Committee, a member of Nominating and Corporate Governance Committee and a member
of Compensation Committee, and Weijun Wang as a director and the Chair of Compensation Committee, a member of Nominating and Corporate
Governance Committee and a member of Audit Committee, effective July 29, 2025.
The
biographical information of each of Kebo Qin and Weijun Wang is set forth below:
Kebo
Qin, age 52, holds a Bachelor’s degree from Shenzhen University and an MBA from Macau University of Science and Technology.
Kebo Qin is the founder and Chairman of the Audit Committee of China Sun Management Limited. With over 30 years of experience in securities,
finance, accounting, and mergers and acquisitions, he brings extensive leadership and industry expertise to the Company.
Weijun
Wang, age 56, holds a master’s degree from Peking University’s Guanghua School of Management. From 2008 to 2025, Weijun
Wang served in several key roles at Sungrow Power Supply Co., Ltd., a global leader in the renewable energy industry and the top listed
company in the sector by market capitalization as Director of International Marketing and Vice President. Prior to that, Weijun Wang
held senior positions at Alcatel (China) Ltd., Lucent Technologies (China) Ltd., and Huawei Technologies Co., Ltd. between 1990 and 2008.
With over two decades of experience driving the international expansion of China’s leading telecommunications and renewable energy
enterprises, Weijun Wang is widely recognized as a pioneer in the globalization of Chinese industry. He is currently engaged in early-stage
investments in the renewable energy and biopharmaceutical sectors.
Neither
Kebo Qin nor Weijun Wang has a family relationship with any director or executive officer of the Company. They have not
been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation
S-K.
The
Board has determined that each of Kebo Qin and Weijun Wang is independent, pursuant to the definition of independence under
Rule 5605(a)(2) of the Nasdaq Listing Rules, based on an evaluation of the relationships between the Company and them. The Board has
further determined that Kebo Qin qualifies as an “audit committee financial expert” under Item 407(d)(5) of Regulation S-K
of the Securities Exchange Act of 1934, as amended, and satisfies the financial sophistication requirements of Rule 5605(c)(2)(A) of
the Nasdaq Listing Rules, based on his education, experience, and professional background.
Pursuant
to the director offer letter by and between the Company and Kebo Qin, dated July 29, 2025, (the “Director Offer Letter with
Kebo Qin”), the term shall continue until his successor is duly elected and qualified. Pursuant to the director offer letter by
and between the Company and Weijun Wang, dated July 29, 2025, (the “Director Offer Letter with Weijun Wang”), the
term shall continue until his successor is duly elected and qualified. The Board of Directors may terminate the position as a director
for any or no reason. The position shall be up for re-appointment every year by the Board of Directors of the Company. Kebo Qin and Weijun
Wang are entitled to compensation of $20,000 and $20,000 respectively for each calendar year, payable on a quarterly basis. The offer
letters are qualified in their entirety by reference to the complete text of the letters, which are filed hereto as Exhibit 10.1 and
Exhibit 10.2.
EXHIBIT
INDEX
| Exhibit
No. |
|
Description |
| 10.1 |
|
Offer
Letter with Kebo Qin, dated July 29, 2025 |
| 10.2 |
|
Offer
Letter with Weijun Wang, dated July 29, 2025 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
Elong
Power Holding Limited |
| |
|
|
| Date:
July 30, 2025 |
By: |
/s/
Xiaodan Liu |
| |
Name:
|
Xiaodan
Liu |
| |
Title: |
Chief
Executive Officer and Chairwoman of the Board of Directors |
