Business Context and Reporting Period
This Form 6-K filing by Elong Power Holding Ltd. covers the month of June 2026, specifically dated June 11, 2026. The report discloses significant changes in executive leadership regarding the Chief Financial Officer (CFO) position.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Resignation: Wei Zou tendered his resignation as Chief Financial Officer, effective June 11, 2026. The resignation was not due to any disagreement with the Company's operations, policies, or procedures.
- Appointment: Yue Liu was appointed as the new Chief Financial Officer, effective June 11, 2026, approved by the Board of Directors.
Management Commentary and Employment Terms
The new CFO, Yue Liu, brings 27 years of experience in finance, accounting, and corporate management, including prior roles as CFO at Qiqin Technology (Beijing) Co., Ltd. and Finance President at Beijing Yilong Hengye Petroleum Engineering Technology Co., Ltd. She holds a Master's degree in Professional Accounting from Peking University and is a Certified Public Accountant in China.
Under the employment agreement dated June 11, 2026:
- Term: One year, with automatic renewal for one-year periods unless 30 days' written notice is provided.
- Compensation: RMB 420,000 (approximately US$60,000) per calendar year, payable monthly.
- Relationships: Ms. Liu has no family relationship with directors or executive officers and no reportable transactions with the Company in the past two years.
Investor Verification Checklist
- Verify the effective date of the CFO transition (June 11, 2026) to ensure continuity in financial reporting.
- Review the full text of the Employment Agreement (Exhibit 10.1) for additional compensation clauses or termination conditions not summarized here.
- Confirm the background and regulatory standing of Yue Liu given her extensive history in IPO preparation and financial remediation.
- Note that this filing contains no financial performance updates; investors should refer to the most recent Form 20-F for financial metrics.