6-K - Elong Power Holding Limited | StockGist

AI Analysis

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Elong Power Holding Limited entered into an Equity Transfer Agreement as of March 2026 to sell 100% of the equity interests in its wholly-owned subsidiary Elong Power International Co., Limited and its five subsidiaries to WAY (Hong Kong) Limited for $10,000. The purchaser will assume all claims, debts, and liabilities of the Target effective at closing.

Key Takeaways

1Seller: Elong Power Holding Limited (Cayman Islands)

2Purchaser: WAY (Hong Kong) Limited

3Target: Elong Power International Co., Limited (British Virgin Islands), 100% equity

4Purchase price: $10,000 paid by wire transfer at closing

5Target Subsidiaries: Elong Power (Hong Kong) International Limited; Elong Power (Ganzhou) Co., Ltd.; Huizhou Jingyang Energy Technology Co., Ltd.; Ganzhou Zhangyang Energy Technology Co., Ltd.; Zibo Jingyang New Energy Technology Co., Ltd.

6Purchaser assumes all Target claims, debts, and liabilities post-closing

7Closing conditions include regulatory approvals, no legal conflicts, and no third-party litigation

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$10.0K$18.0M$18.0M$14.6M

Transaction Details

Acquisition / Disposition

Target: Elong Power International Co., Limited and Target Subsidiaries (Elong Power (Hong Kong) International Limited; Elong Power (Ganzhou) Co., Ltd.; Huizhou Jingyang Energy Technology Co., Ltd. (formerly Huizhou City Yipeng Energy Technology Co., Ltd.); Ganzhou Zhangyang Energy Technology Co., Ltd. (formerly Ganzhou Yipeng Energy & Technology Co., Ltd.); Zibo Jingyang New Energy Technology Co., Ltd. (formerly Zibo Yipeng Energy & Technology Co., Ltd.))
Consideration: $10,000
Structure: Sale and transfer of 100% equity interests

•Closing Date: no later than one Business Day after satisfaction or waiver of conditions
•Conditions: Requisite Regulatory Approvals; No Conflicts with Laws or Orders; No pending third-party Actions to enjoin transaction

Material Agreement

Agreement: Equity Transfer Agreement
Parties: WAY (Hong Kong) Limited (Purchaser), Elong Power International Co., Limited (Target), Elong Power Holding Limited (Seller)

•Seller transfers all Target Equity Interests free and clear of Liens
•Purchase Price of $10,000 paid by wire transfer on Closing Date
•Purchaser assumes all Target claims, debts, and liabilities as of Closing Date
•Closing at Seller's offices no later than one Business Day after conditions satisfied
•Target Shareholder Consent provided by Seller as sole shareholder

Exhibits (2)

10.1

EX-10.1

6-K