Elong Power Holding Limited (NASDAQ: ELPW) Announces Subsidiary's Entry into a US$25.5 Million Annual Cooperation Agreement, Marking a Critical Step Forward in Its Global Distribution Expansion
Elong Power announced that its Hong Kong subsidiary signed a one-year omnichannel cooperation agreement valued at US$25.5 million, with automatic renewal absent objection. The company also said it delivered the first batch of goods, worth approximately US$0.84 million, shortly after signing.
Why it matters — The agreement and initial delivery provide ELPW watchers with an update on its commercial execution and global distribution expansion.