FIFE, Scotland, Dec. 23, 2025 /PRNewswire/ — MD Local Global Ltd. (“MDLG” or the “Company”), the UK-based wholly owned subsidiary of MDJM LTD (NASDAQ: UOKA) announced that its Oriental Garden and Castle Exhibition Project at Fernie Castle, located in Fife, Scotland, has completed a critical phase in its design and planning process.

Following the execution of a design agreement with Kengo Kuma & Associates (KKAA), MDLG entered into an additional design collaboration on December 19, 2025 with Simpson & Brown LLP (“Simpson & Brown”), one of Scotland’s most established and respected heritage architecture practices.

This dual-layer design structure—combining global architectural vision with local heritage and planning expertise—is intended to support a comprehensive and high-quality design proposal while enhancing the likelihood of securing planning approval.

Under the collaboration framework, KKAA is responsible for the conceptual architectural and landscape design of the oriental garden and exhibition spaces, with a focus on materiality, spatial narrative, and the contemporary expression of Eastern philosophy within a historic European context.

Simpson & Brown will provide specialist heritage and planning advisory services, including the integration of the proposed design with the historic fabric and setting of Fernie Castle, guidance on alignment with UK and Scottish planning regulations and heritage protection policies, and early-stage advisory support throughout the planning approval process, drawing on extensive experience with local authorities and heritage bodies.

MDLG serves as project sponsor and overall coordinator, overseeing strategic positioning, investment rationale, design governance, and long-term operational planning.

This three-party collaboration is designed to align design ambition with heritage considerations and regulatory compliance, helping to mitigate execution and approval risks commonly associated with the development of historic estate.

Strategic Significance for MDJM LTD

MDJM LTD management commented: “By partnering with Kengo Kuma & Associates and Simpson & Brown, two firms bringing international design vision and local heritage and planning expertise respectively, we aim to support a high-quality design proposal that achieves both design excellence and planning certainty for the Fernie Castle Oriental Garden and Castle Exhibition Project. This structure strengthens the project’s long-term value and execution reliability.”

This project is expected to serve as a showcase for MDLG in the fields of historical and cultural asset enhancement, international cultural exchange, and development of premium animation exhibition spaces, continuously amplifying its cultural influence and long-term asset value.

About MD Local Global Ltd.

MD Local Global Ltd. is a UK-based cultural innovation company specializing in cultural IP development, animation production, international licensing, and cultural venue operations. The Company aims to integrate Eastern philosophy with international artistic practices, creating a global cultural ecosystem built on storytelling and immersive experience.

About Simpson & Brown LLP

Founded in 1977 and headquartered in Edinburgh, Simpson & Brown is one of Scotland’s leading specialist architectural practices in historic building conservation and heritage-led design. The firm is widely recognized for its expertise in the conservation and enhancement of listed buildings and scheduled monuments, as well as castles, historic houses, and culturally significant estates.

Simpson & Brown is particularly noted for its conservation-led approach to the adaptation and reuse of heritage assets, balancing architectural integrity with contemporary use. The firm maintains long-standing working relationships with Historic Environment Scotland and local planning authorities, and its involvement in heritage projects is widely regarded as a strong indicator of planning credibility and regulatory compliance.

Simpson & Brown Architects – Selected Representative Projects

I. Castles & Historic Estates

Stirling Castle
Conservation and heritage works associated with one of Scotland’s most significant national castles, including historic fabric protection and visitor experience enhancement.

Edinburgh Castle
Involvement in multiple conservation, repair, and public realm improvement works at Scotland’s most visited historic monument.

Dunnottar Castle
Heritage and structural advisory services for the conservation of this internationally recognised cliff-top castle.

II. National and Listed Heritage Buildings

The Palace of Holyroodhouse
Conservation-related works at the official Scottish residence of the British monarch.

Paisley Abbey
Conservation-led restoration and long-term maintenance planning for this major ecclesiastical heritage site.

Mount Stuart, Isle of Bute
Restoration and adaptive reuse works at one of Scotland’s most important Victorian historic houses.

III. Adaptive Reuse & Public Heritage Projects

Glasgow School of Art – Heritage Advisory Works
Specialist conservation advisory services for one of the UK’s most important architectural landmarks.

Custom House, Leith
Conservation-led adaptation and reuse of a historic public building.

Multiple A-Listed Buildings Across Scotland
Ongoing conservation, repair, and reuse projects involving Scotland’s highest category of protected buildings.

IV. Institutional Collaboration

Long-standing collaboration with Historic Environment Scotland, contributing to nationally significant heritage projects.

Regular engagement with local planning authorities, providing conservation expertise and planning support for heritage-led developments.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Act. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact:
Sherry Zheng
WAVECREST GROUP INC.
Phone: +1 718-213-7386
Email: sherry@wavecrestipo.com

BEIJING, Dec. 23, 2025 /PRNewswire/ — 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 has resolved to effect a reverse stock split of the Company’s ordinary shares, with the split ratio set at 16-for-1. The reverse stock split was approved by the Company’s shareholders at a special meeting held on November 24, 2025. Elong Power’s Class A ordinary shares will begin trading on an adjusted basis, reflecting the reverse stock split, on December 26, 2026, under the existing ticker symbol “ELPW.” The new CUSIP number for the Company’s Class A ordinary shares will be G3016G111.

Upon the effectiveness of the reverse stock split, every sixteen shares of the Company’s issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one Class A ordinary share. This adjustment will reduce the total number of outstanding ordinary shares of Elong Power from approximately 61.3 million to approximately 3.8 million.

In conjunction with the reverse stock split, the Company also amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance and to adjust the par value of the post-reverse stock split ordinary shares to $0.00016 per share.

The reverse stock split is part of the Company’s efforts to bring its stock into compliance with the minimum bid price requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market. Nasdaq requires listed companies to maintain a minimum bid price of at least $1.00 per share to remain in compliance with its listing standards.

In addition, outstanding warrants and options will be adjusted on a proportionate basis or pursuant to the terms of such warrants and options in accordance with the reverse stock split. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share.

Further details regarding the reverse stock split and the associated changes to the Company’s share capital can be found in Elong Power’s notice of annual general meeting, filed with the Securities and Exchange Commission on November 3, 2025.

About Elong Power

Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power’s Chairwoman and CEO.

Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.

Forward-looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the products offered by Elong Power and the markets in which it operates, and Elong Power’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: the ability of Elong Power to maintain the listing of its securities on Nasdaq; the fact that the price of Elong Power’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Elong Power operates; variations in performance across competitors; changes in laws and regulations affecting Elong Power’s business and changes in its capital structure; the ability to implement business plans, meet forecasts and other expectations; its need for substantial additional funds; the parties’ dependence on third-party suppliers; risks relating to the results of research and development activities, market and other conditions; its ability to attract, integrate, and retain key personnel; risks related to its growth strategy; risks related to patent and intellectual property matters; and the ability to obtain, perform under and maintain financing and strategic agreements and relationships. Accordingly, these forward-looking statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Risks regarding Elong Power’s business are described in detail in Elong Power’s SEC filings which are available on the SEC’s website at www.sec.gov, including in Elong Power’s Shell Company Report on Form 20-F and Elong Power’s subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and Elong Power expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

Elong Power Investor Contact
ir@elongpower.com 

HONG KONG, Dec. 23, 2025 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO, the “Company” or “Highway Holdings”) today announced it has signed a letter of intent (“LOI”) with LeMALe Beteiligungs-GmbH (“LeMaLe” or “Seller”) to acquire 51% of German-based Regent-Feinbau Adermann GmbH (“Regent-Feinbau”) primarily for cash and a smaller amount of the Company’s unregistered shares.

The proposed acquisition, which targets a close by the end of March 2026, remains subject to the completion of due diligence, negotiation and execution of a definitive purchase agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated.

Founded in 1949, Regent-Feinbau is a certified manufacturing specialist (IATF 16949, ISO 9001, ISO 14001) for precision sheet metal components and welded assemblies made of aluminum, steel, and copper. With decades of experience and vertically integrated capabilities, Regent-Feinbau delivers high-quality, scalable solutions for demanding applications – from laser-cut parts to fully assembled functional units. Regent-Feinbau’s core competencies include: Laser cutting and bending (efficient, high-precision processing using CNC press brakes and automated systems); Forming technology (flexible production with extender presses and CNC-controlled bending for complex geometries); Component assembly (complete systems with integrated fastening and joining processes); and Advanced welding (including drawn arc, projection, spot, and robotic welding, ensuring strong, repeatable joints across a wide range of materials). Regent-Feinbau primarily serves OEMs directly, while also supporting Tier 1 suppliers with reliable, production-ready components and assemblies across the automotive, commercial vehicle, aerospace, and industrial sectors.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, “We are extremely excited to have signed a letter of intent to acquire 51% of Regent-Feinbau. The acquisition is part of our short and long-term strategy to reinvigorate our OEM business, which has an urgent need to replace customers whose revenue contribution has declined or halted due to the global business challenges entering and exiting COVID. Regent-Feinbau’s experience with automotive customers and that company’s excellent capabilities, which allows them to be a Tier 1 supplier to companies such as AMG Mercedes Benz, will have a lot of value for our Chinese metal component division, Nissin Shenzhen, in targeting the Chinese automotive market.

The Chinese automotive market is one of the automotive markets left with a positive growth rate, which according to third party estimates currently is about $660 billion with a projected growth rate of over 2% over the next 5 years. The percentage of sheet metal in a car is estimated to be about 8% to 12%. The average sheet metal component business is therefore roughly $50 billion per year, with a 2% growth rate or about $1 billion per year.

While Highway Holdings’ history in China spans over 35 years, the Company has never directly targeted the local Chinese market, with the exception of supporting our international OEM customers that have a local Chinese presence. We view the Regent-Feinbau transaction as a significant opportunity, as prior to a Regent-Feinbau acquisition we could not offer thick sheet metal cutting, bending and welding to potential customers. Regent-Feinbau will expand our portfolio and add these sought after capabilities and experience to our company.”

Mr. Kohl added, “Regent-Feinbau’s business in Europe is also expected to grow with the help of our know-how and experience, allowing it to approach high volume component businesses they could not previously target because of a lack of resources. These synergies are highly valuable, which is why we are so excited about the potential positive impact of this acquisition.”

“Importantly, Regent-Feinbau is only the first step in our M&A strategy. We are currently evaluating  additional transactions in Germany that we have identified and evaluated over the last 24 months.”

“We believe that we have a very strong financial foundation to acquire Regent-Feinbau and potentially other targets, with substantially no debt and approximately $5.3 million in cash and cash equivalents, representing approximately US$1.20 cash per share.”

About Highway Holdings Limited

Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar, and Shenzhen, China. For more information visit website www.highwayholdings.com. 

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company’s revenues, operations, markets, products and prices, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.