[6-K] Elong Power Holding Limited Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Elong Power Holding Limited (ELPW) filed a Form 6-K announcing a board-level change.

Executive Director Jingdong Qu resigned effective 20 June 2025; the company states the departure involved no disagreement regarding operations, policies or practices.

On 23 June 2025, the board appointed Zhaohui Yang as the new Executive Director. Mr Yang has led Beijing Minsheng New Hui Investment Management since 2014 and previously held senior positions at a private venture fund, Century Securities and Shandong Hui Zhong Asset Management. He holds a master’s degree in political economy and an EMBA, bringing more than 30 years of entrepreneurship, management and investment experience.

The company has not yet set Mr Yang’s compensation but will execute its standard indemnification agreement. The filing confirms that Mr Yang has no related-party transactions reportable under Item 7.B of Form 20-F.

No financial statements, earnings figures, major transactions or strategic updates accompany this disclosure; investors should view the document solely as a leadership transition notice.

Positive

• Experienced replacement: Incoming Executive Director Zhaohui Yang brings 30+ years of investment and management expertise that could enhance strategic and financing capabilities.

Negative

• Leadership turnover: Departure of Executive Director Jingdong Qu introduces short-term transition risk, although the company reports no underlying dispute.

Insights

Financial Analyst

TL;DR: Board replacement neutral; new director’s investment pedigree may aid capital-raising, but no immediate financial effect disclosed.

The resignation of Jingdong Qu and appointment of Zhaohui Yang does not alter revenue, costs or guidance, so short-term valuation drivers remain unchanged. Mr Yang’s track record in equity investment and securities could bolster future financing efforts or strategic partnerships, potentially improving long-term capital access. However, the absence of a compensation package and lack of operational duties limits visibility into near-term benefits. Overall, the news is governance-related and immaterial to financial forecasts.

Corporate Governance Expert

TL;DR: Smooth director handoff; no disagreements, standard indemnification, overall neutral governance impact.

The filing confirms orderly succession and adherence to disclosure norms—key signals of governance stability. The lack of controversy or related-party dealings reduces conflict-of-interest risk. Mr Yang’s extensive experience may strengthen board oversight, though efficacy will depend on committee assignments and integration. Because compensation terms are pending, shareholders cannot yet assess cost-benefit alignment. Absent further detail, the event is viewed as routine rather than transformative.

 

 

 

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 June 2025

 

Commission File Number: 001-42416

 

Elong Power Holding Limited

 

(Translation of registrant’s name into English)

 

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 office)

 

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 ☐

 

 

 

 

 

 

Departure of Directors or Certain Officers; Appointment of Directors

 

On June 20, 2025, Jingdong Qu resigned from his position as Executive Director of Elong Power Holding Limited (the “Company”). Mr. Qu’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

 

On June 23, 2025, the Company’s board of directors appointed Zhaohui Yang as Executive Director, to fill the vacancy left by Mr. Qu’s resignation. The Company has not yet entered into a compensation arrangement with Mr. Yang with respect to his services as Executive Director. The Company will enter into its standard form of indemnification agreement with Mr. Yang.

 

Mr. Yang has served as the chairman of Beijing Minsheng New Hui Investment Management Co., Ltd. (“New Hui Investment”), an equity investment firm, since September 2014. Mr. Yang’s experience prior to New Hui Investment includes service as President of a private venture investment fund, as Director of Beijing Business Headquarters of Century Securities, as Deputy General Manager of Shandong Hui Zhong Asset Management Co., Ltd., and as a clerk at the Finance Bureau of Zaozhuang City, Shandong Province. Mr. Yang received a master’s degree in political economy from Shandong University and received an EMBA degree from Yangtze Business School. Mr. Yang has more than 30 years of experience in entrepreneurship, management and investment, and is an influential investor in China.

 

Mr. Yang has not engaged in any transactions with the Company that are required to be reported pursuant to Item 7.B of Form 20-F.

 

 

 

 

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: June 23, 2025	By:	/s/ Xiaodan Liu
 	 	Xiaodan Liu
 	 	Chairperson and Chief Executive Officer

 

 

 

 

FAQ

Why did Jingdong Qu resign from Elong Power Holding Limited (ELPW)?

The Form 6-K states Mr Qu resigned on 20 June 2025 and that the departure was not due to any disagreement with the company.

Who is the new Executive Director of ELPW?

Zhaohui Yang was appointed on 23 June 2025 to fill the vacancy.

Does the filing disclose Mr Yang’s compensation?

No. The company has not yet entered into a compensation arrangement for Mr Yang; it will follow up later.

Are there any related-party transactions involving Mr Yang?

The filing states Mr Yang has no transactions requiring disclosure under Item 7.B of Form 20-F.

Does the 6-K include financial results or guidance?

No financial statements, earnings data or strategic guidance are included; the document focuses solely on the board change.