Elong Power Receives Nasdaq Notification of Non-Compliance With Listing Rule 5250(c)(1)

Beijing, China, July 14, 2025 (GLOBE NEWSWIRE) -- Elong Power Holding Limited (“Elong Power” or the “Company”) (Nasdaq: ELPW), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced that it had received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that, because it had not yet filed its Form 20-F for the fiscal year ended December 31, 2024 (the “Form 20-F”), it no longer complied with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires that listed companies timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").