Elong Power names Yue Liu as new CFO

Elong Power Holding Limited reported a leadership change in its finance team.

Rhea-AI Filing Summary

Elong Power Holding Limited reported a leadership change in its finance team. Wei Zou resigned as Chief Financial Officer effective June 11, 2026, with the company stating his departure was not due to any disagreement with its operations, policies, or procedures. On the same date, the board appointed Yue Liu as the new Chief Financial Officer.

Yue Liu brings 27 years of experience in finance, accounting, and corporate management, including senior roles overseeing IPO preparation, risk control, cross-border financial operations, and U.S. GAAP reporting. Under a one-year employment agreement that renews annually unless terminated with notice, she will receive annual compensation of RMB420,000 (approximately US$60,000), paid monthly.

Insights

Corporate governance analyst

CFO transition appears orderly, with an experienced successor and defined compensation terms.

The company announced the resignation of CFO Wei Zou, effective immediately, specifying that the departure was not due to disagreements over operations, policies, or procedures. Simultaneously, the board appointed Yue Liu as the new CFO, limiting uncertainty around financial leadership.

Yue Liu has extensive experience in IPO preparation, risk control, and U.S. GAAP reporting, which aligns with the company’s public-company responsibilities. Her one-year, automatically renewing employment agreement at RMB420,000 per year outlines predictable compensation. Overall, the disclosure reads as a planned governance change rather than a distress signal, though future filings will show how her leadership influences financial reporting quality.

Key Figures

Effective CFO change date: June 11, 2026 Yue Liu annual compensation: RMB420,000 Yue Liu compensation (approx.): US$60,000 +4 more

7 metrics

Effective CFO change date June 11, 2026 Resignation of Wei Zou and appointment of Yue Liu as CFO

Yue Liu annual compensation RMB420,000 Per year under CFO employment agreement, paid monthly

Yue Liu compensation (approx.) US$60,000 Approximate annual value of RMB420,000 stated in filing

Employment term length 1 year Initial term of Yue Liu’s employment agreement as CFO

Experience in finance 27 years Yue Liu’s experience in finance, accounting, and management

Experience in firms 9 years Time in accounting and valuation firms including IPO audits

Yue Liu age 49 Age of the newly appointed Chief Financial Officer

Key Terms

foreign private issuer, Form 20-F, initial public offering, U.S. GAAP, +2 more

6 terms

foreign private issuer regulatory

"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"whether the registrant files or will file annual reports under cover of Form 20-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

initial public offering financial

"she engaged in initial public offering (“IPO”) audits, asset appraisal, financial remediation"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

U.S. GAAP financial

"she prepared U.S. GAAP financial statements, conducted conversion between PRC GAAP and U.S. GAAP"

U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.

Regulation S-K regulatory

"transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K"

A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.

employment agreement financial

"Pursuant to the employment agreement by and between the Company and Yue Liu, dated June 11, 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Elong Power Holding Limited (ELPW) disclose in this 6-K?

Elong Power Holding Limited disclosed that Wei Zou resigned as Chief Financial Officer effective June 11, 2026. On the same date, the board appointed Yue Liu as the new CFO, ensuring immediate continuity in the company’s financial leadership structure.

Why did Elong Power Holding Limited’s prior CFO Wei Zou resign?

The company stated that Wei Zou’s resignation as Chief Financial Officer on June 11, 2026 was not due to any disagreement with its operations, policies, or procedures. This language suggests a routine leadership change rather than a conflict-driven departure.

Who is Yue Liu, the new CFO of Elong Power Holding Limited (ELPW)?

Yue Liu is the newly appointed CFO with 27 years of experience in finance, accounting, and corporate management. Her background includes IPO audits, asset appraisals, risk control, cross-border finance, and U.S. GAAP reporting across technology, energy, real estate, and other industries.

What are Yue Liu’s compensation terms as CFO of Elong Power Holding Limited?

Under her employment agreement dated June 11, 2026, Yue Liu will receive annual compensation of RMB420,000, approximately US$60,000, paid monthly. The agreement runs for one year and automatically renews for additional one-year periods unless either party gives 30 days’ written notice.

Does Yue Liu have any related-party connections with Elong Power Holding Limited (ELPW)?

The company states Yue Liu has no family relationship with any director or executive officer and has not been involved in transactions with the company in the past two years that require disclosure under Item 404(a) of Regulation S-K. This indicates no disclosed related-party conflicts.

What qualifications and certifications does Yue Liu hold as the new CFO of ELPW?

Yue Liu holds a Master’s degree in Professional Accounting from Peking University and a Bachelor of International Finance. She is a Certified Public Accountant in China, a Certified Asset Appraiser, a Certified Tax Agent, and a Certified Internal Auditor, highlighting strong professional credentials.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:30 PM Learn about SEC filing dates

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 2026

Commission File Number: 001-42416

Elong Power Holding Limited

3 Yan Jing Li Zhong Jie

Jiatai International Plaza

Block B, Room 2110

Beijing, China 100025

(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 June 11, 2026, Wei Zou tendered his resignation as the Chief Financial Officer of Elong Power Holding Limited (the “Company”), effective June 11, 2026. Wei Zou’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures.

On June 11, 2026, approved by the Board of Directors of the Company, Yue Liu was appointed as the Chief Financial Officer, effective June 11, 2026.

The biographical information of Yue Liu is set forth below:

Yue Liu, age 49, has 27 years of comprehensive experience in finance, accounting, and corporate management and 9 years of experience in accounting and valuation firms, where she engaged in initial public offering (“IPO”) audits, asset appraisal, financial remediation, and consulting services for real estate, software, retail, manufacturing, energy, and financial industries. Since 2007, Ms. Liu has served in enterprises leading finance, taxation, capital management, risk control, IPO preparation, and board secretary functions. From April 2021 to April 2025, prior to joining the Company, Ms. Liu served as the Chief Financial Officer of Qiqin Technology (Beijing) Co., Ltd., where she oversaw the finance, business analysis, investor relations, and risk control departments, led corporate financing, established financial accounting, budgeting, and analysis systems from scratch and remediated historical financial and business records for IPO compliance, improved risk management and compliance systems, and optimized group financial structure and tax planning to reduce tax costs under compliance. From December 2013 to April 2021, Ms. Liu served as the Finance President of Beijing Yilong Hengye Petroleum Engineering Technology Co., Ltd., where she managed cross-border financial operations, led financing activities and overseas financial management and tax planning, and conducted financial due diligence for mergers and acquisitions. From December 2010 to December 2013, she served as the Finance Director at Gaoyang Jiexun Information Technology Co., Ltd., where she managed daily financial, tax and capital operations, cooperated with auditors and securities firms for listing preparation, reviewed consolidated financial statements, and conducted tax planning and option valuation. From July 2007 to December 2010, she served as a Finance Manager at Ninetowns Network Technology Group Ltd., where she supported budgeting, overseas investment, and tax strategy, prepared U.S. GAAP financial statements, conducted conversion between PRC GAAP and U.S. GAAP and drafted annual report notes. From October 2005 to June 2007, she was the Audit & Consulting Senior Manager of Beijing Yongxin Gongping Certified Public Accountants, where she provided financial due diligence and remediation for U.S. IPO Projects, conducted U.S. GAAP training and internal control system design. From May 2001 to April 2005, Ms. Liu was the Project Manager of Beijing ShineWing Certified Public Accountants, where she led audit and valuation reports for large enterprises and was responsible for consolidated financial statements. Ms. Liu started her career in 1998 at Liaoning Huacheng Asset Appraisal Co., Ltd. as a financial advisor. Ms. Liu graduated with a Master’s degree in Professional Accounting (the “MPAcc”) from Peking University in 2009 and also holds a Bachelor of International Finance from Shenyang Ligong University (1998). Ms. Liu is also a Certified Public Accountant with the Chinese Institute of Certified Public Accountants (China), a Certified Asset Appraiser, a Certified Tax Agent, and a Certified Internal Auditor with the Institute of Internal Auditors.

Yue Liu does not have a family relationship with any director or executive officer of the Company. She has 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.

Pursuant to the employment agreement by and between the Company and Yue Liu, dated June 11, 2026, (the “Employment Agreement with Yue Liu”), the term shall continue for one year. The term will automatically renew for one-year periods on each anniversary unless either party provides written notice at least 30 days before a renewal date. Yue Liu is entitled to compensation of RMB420,000 (equal to approximately US$60,000) for each calendar year, payable on a monthly basis. The employment letter is qualified in its entirety by reference to the complete text of the letter, which is filed hereto as Exhibit 10.1.

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EXHIBIT INDEX

Exhibit No.		Description
10.1		Employment Agreement with Yue Liu, dated June 11, 2026

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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 11, 2026	By:	/s/ Xiaodan Liu
	Name:	Xiaodan Liu
	Title:	Chief Executive Officer and Chairwoman of the Board of Directors

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Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 EX-10.1 64.5 KB