Tag: GlobeNewswire

ABU DHABI, United Arab Emirates, Oct. 06, 2026 (GLOBE NEWSWIRE) — FREELANDER has detailed the powertrain, battery, chassis and all-terrain technology of the international left-hand drive variant of FREELANDER 8, following its unveiling at the brand’s Global Brand Launch in Abu Dhabi on 29 September 2026.

Developed for a wide range of driving conditions, FREELANDER 8 brings together premium quality, everyday comfort and all-terrain capability. Its electrified powertrain, adaptive chassis and intelligent terrain management are designed to support journeys ranging from urban commuting to demanding off-road environments. The figures in this release apply to the Middle East market model only; specifications vary by market and trim level.

460 kW hybrid powertrain and 110 km of all-electric range

The Middle East market model combines a 2.0T Dedicated Hybrid Engine with a 34.12 kWh lithium iron phosphate (LFP) battery and dual-motor all-wheel drive. The system delivers up to 460 kW of peak power and 662 N·m of peak torque, with 0–100 km/h acceleration in 5.8 seconds.

With a full tank and a fully charged battery, FREELANDER 8 delivers a total range of 886 km and an all-electric range of 110 km, both measured on the combined cycle. Actual range varies with driving conditions and use. The battery supports 11 kW AC charging and DC fast charging from 20% to 80% in 20 minutes or less.

Dual-chamber air suspension and Continuously Controlled Damping

The chassis combines dual-chamber air suspension with Continuously Controlled Damping (CCD), offering a maximum ground clearance of 266 mm. Adjustable ride height and damping help the vehicle respond to changing road conditions, supporting ride comfort on paved roads and clearance over uneven terrain.

The All-Terrain Dual Lock System, combining a Virtual Central Differential Lock and an Electronic Limited-Slip Differential (e-LSD), manages torque distribution to help maintain traction on low-grip surfaces and during cross-axle conditions.

Nine modes bring powertrain and chassis control together

The i-ATS (Intelligent All-Terrain System) offers nine modes: seven terrain programmes, including Sand Mode, plus Smart Mode and Expert Mode. Working with the electrified powertrain and chassis, it helps the driver adapt to changing surfaces.

Under the relevant test conditions, FREELANDER 8 can pass an 800 mm cross-axle test, climb a 70% gradient, equivalent to approximately 35 degrees, and wade through water up to 900 mm deep. These capabilities support driving across environments including sand, rough ground, steep slopes and water crossings. Off-road and wading capability remains subject to the vehicle’s operating limits and appropriate driving conditions.

International roll-out begins in left-hand drive markets

The Middle East is FREELANDER’s strategic starting point for international expansion. The roll-out will proceed in stages, beginning with left-hand drive markets before expanding to right-hand drive and EU specification markets.

The international left-hand drive variant will make its dynamic debut at the 2026 Chery International User Summit in Wuhu this October.

About FREELANDER

FREELANDER is a British Premium Intelligent All-Terrain Brand, jointly developed by JLR and Chery. JLR owns the FREELANDER brand and has established a dedicated FREELANDER Design Hub that leads its design. Chery provides advanced intelligent technology and a top-tier global supply chain. The brand is supported by a strong global foundation, including more than 5,000 employees, five strategic hubs, and fully integrated capabilities spanning design, R&D, manufacturing, and global operations.

Media contact
Daniel Bao
freelander.international@mychery.com
https://www.cheryinternational.com/

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/9724058d-973d-4f2a-8bb4-9b1c617234ca

https://www.globenewswire.com/NewsRoom/AttachmentNg/120b67ad-71ff-4709-9d0c-049a94a929ba

https://www.globenewswire.com/NewsRoom/AttachmentNg/8448959b-bb82-436e-8b23-09082a3f1f3a

EDINBURG, Va., Oct. 06, 2026 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) today announced the completion of technology upgrades in Buchanan, Virginia, bringing fiber-to-the-home service to the community. The enhanced network delivers symmetrical internet speeds up to 8 Gbps for residential customers and up to 100 Gbps for business customers. Shentel’s 100% fiber-optic network is now available to approximately 1,000 homes and businesses in Buchanan and Botetourt County. In addition to high-speed internet service, Shentel also offers a full suite of voice and video services for both residential and business customers.

Existing customers may continue their current plans or upgrade to higher multi-gig speeds by calling 1-800-SHENTEL.

“This upgrade demonstrates our ongoing commitment to investing in the communities we serve and ensuring our network is ready for the future,” said Chris Kyle, Vice President of Government and Industry Affairs at Shentel. “Fiber-to-the-home technology creates a strong foundation for continued growth while giving residential and business customers access to faster speeds and an exceptional internet experience.”

Shentel takes great pride in several key differentiators compared to our competitors: 

• Fiber-to-the-home technology with exceptional reliability
• Multi-gig residential service with symmetrical download and upload speeds up to 8 Gbps
• A full line of business data and voice services with speeds to 100 Gbps
• Local customer service and operations teams dedicated to supporting the communities we serve

To learn more about Shentel Fiber, please visit www.shentel.com for residential service and www.shentelbusiness.com for commercial service. 

About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high-speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. Shentel’s services include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 19,800 route miles of fiber. For more information, please visit www.shentel.com.

Media Contact:
Jennifer McDowell, Shentel
Jennifer.McDowell@emp.shentel.com
540-984-5055

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/be9b6d3b-4519-4d2e-9c0f-e64b757fb86c

EDINBURG, Va., Oct. 06, 2026 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) today announced the completion of technology upgrades in Buchanan, Virginia, bringing fiber-to-the-home service to the community. The enhanced network delivers symmetrical internet speeds up to 8 Gbps for residential customers and up to 100 Gbps for business customers. Shentel’s 100% fiber-optic network is now available to approximately 1,000 homes and businesses in Buchanan and Botetourt County. In addition to high-speed internet service, Shentel also offers a full suite of voice and video services for both residential and business customers.

Existing customers may continue their current plans or upgrade to higher multi-gig speeds by calling 1-800-SHENTEL.

“This upgrade demonstrates our ongoing commitment to investing in the communities we serve and ensuring our network is ready for the future,” said Chris Kyle, Vice President of Government and Industry Affairs at Shentel. “Fiber-to-the-home technology creates a strong foundation for continued growth while giving residential and business customers access to faster speeds and an exceptional internet experience.”

Shentel takes great pride in several key differentiators compared to our competitors: 

• Fiber-to-the-home technology with exceptional reliability
• Multi-gig residential service with symmetrical download and upload speeds up to 8 Gbps
• A full line of business data and voice services with speeds to 100 Gbps
• Local customer service and operations teams dedicated to supporting the communities we serve

To learn more about Shentel Fiber, please visit www.shentel.com for residential service and www.shentelbusiness.com for commercial service. 

About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides broadband services through its high-speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. Shentel’s services include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 19,800 route miles of fiber. For more information, please visit www.shentel.com.

Media Contact:
Jennifer McDowell, Shentel
Jennifer.McDowell@emp.shentel.com
540-984-5055

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/be9b6d3b-4519-4d2e-9c0f-e64b757fb86c

BEIJING, Oct. 06, 2026 (GLOBE NEWSWIRE) — Elong Power Holding Limited (Elong Power, NASDAQ: ELPW, together with its subsidiaries and consolidated entities, the “Company”) today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026 (the “First Half of 2026”). The Company has completed the divestment of its lithium battery manufacturing business, fully pivoted to an asset-light energy storage system integration business, and completed offerings with aggregate gross proceeds of approximately US$20 million, laying a solid funding foundation for its global energy storage market expansion.

First Half 2026 Financial and Operating Highlights

	●	Net revenue was US$2.90 million for the first half of fiscal year 2026, representing a substantial increase of 14,977% from US$19,229 in the same period of the prior year. This growth was primarily attributable to the significant ramp-up in sales of our energy storage system integration equipment and supporting accessories business;
	●	Gross profit was US$8,994 for the first half of fiscal year 2026, representing an increase of 368% from US$1,923 in the same period of the prior year; gross margin declined from 10.00% in the same period of the prior year to 0.3%, primarily due to the thin-margin operation of the energy storage system integration equipment and supporting accessories sales business in its early stage;
	●	Net income was US$20.49 million for the first half of fiscal year 2026, compared with a net loss of US$2.66 million in the same period of the prior year. This result was driven by a one-time, non-operating gain of US$22.61 million on the disposal of the lithium battery manufacturing business;
	●	Net loss from continuing operations (sales of energy storage system integration equipment and supporting accessories) was US$2.11 million for the first half of fiscal year 2026, widening from a net loss of US$1.42 million in the same period of the prior year;
	●	Both basic and diluted earnings per share were US$411 for the first half of fiscal year 2026, compared with a loss per share of US$3,071 in the same period of the prior year. The per-share amounts give retroactive effect to the 1-for-45 reverse share split effected August 10, 2026, after period end.

Management Commentary

Elong Power’s management stated: “The first half of 2026 marked a significant change in the Company’s business. We completed the divestment of our lithium battery manufacturing business and recognized a non-operating disposal gain, thereby pivoting to an asset-light energy storage system integration business and concentrating resources on the research and development and market development of energy storage products. Meanwhile, the Company completed an approximately US$20 million public market financing during the first half of 2026, providing solid funding support for energy storage product research and development and market promotion, and laying the foundation for the Company’s global energy storage market expansion. We believe that our asset-light model focused on the energy storage integration business will help drive long-term, sustainable value creation for the Company.”

Business Progress and Operational Review

1. Asset Divestment and Strategic Transformation: In March 2026, the Company completed the divestment of its lithium battery manufacturing subsidiary, adopted an asset-light operating model, and focused on the energy storage system integration business, while retaining its research and development, sales and full-lifecycle service capabilities. The disposal gains recognized from the divestment provided the primary support for the turnaround to profitability in the current period.

2. Public Market Financing: The Company completed offerings with aggregated gross proceeds of approximately US$20 million during the first half of 2026, providing funding support for energy storage product research and development and market promotion, and facilitating its global energy storage market expansion.

3. Operating Results: Net revenues in the current period were derived almost entirely from the sales of energy storage system integration equipment and supporting accessories. This business was still in its early stage with an extremely low revenue base in the same period of the prior year. During the current period, the Company focused on expanding its customer base and securing orders for energy storage products, and sales volume increased significantly, driving revenue from US$19,229 to US$2.90 million. Meanwhile, the business is currently a thin-margin business with limited per-unit gross profit. As sales volume grew, the consolidated gross margin declined from 10.00% in the same period of the prior year to 0.3%, with gross profit of only US$8,994, which was insufficient to cover selling, administrative and other operating expenses, resulting in a net loss of US$2.11 million from continuing operations in the current period.

About Elong Power

Elong Power Holding Limited is an exempted company incorporated under the laws of the Cayman Islands. Adhering to its development strategy of “Asset-Light, R&D-Intensive, AI + Energy Storage, Global Scenario Layout”, the Company focuses on lithium battery energy storage system core business, with strategic layout covering overseas residential & commercial and industrial (C&I) energy storage, as well as grid-side energy storage in China. The Company is committed to delivering high-reliability, cost-effective and intelligent energy storage system solutions to global customers. Elong Power is chaired and led by Ms. Xiaodan Liu as Chief Executive Officer.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar expressions, and include statements regarding the Company’s business strategy, its transition to an energy storage system integration business, its global expansion, its use of financing proceeds and its future results of operations. Such statements involve risks and uncertainties, including, among others: the Company’s limited operating history in the energy storage business; its ability to achieve positive gross margins and profitability from continuing operations; its need for additional financing and its ability to continue as a going concern; customer and supplier concentration; competition; related-party transactions; maintaining its Nasdaq listing; PRC regulatory, economic and currency risks; and the other risks described under “Item 3. Key Information—D. Risk Factors” in the Company’s most recent Annual Report on Form 20-F and other SEC filings. Actual results may differ materially. Except as required by law, the Company undertakes no obligation to update any forward-looking statement.

Investor & Media Contact

Elong Power Investor Relations
Email: ir@elongpower.com

ELONG POWER HOLDING LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amount in U.S. dollars, except for number of shares or otherwise noted)

		As of June 30				As of December 31
		2026				2025
		(Unaudited)				(Audited)
ASSETS
Current assets:
Cash and cash equivalents			5,939,950				443,591
Short-term investments			2,940,490				7,165,232
Accounts receivable			220,295				889,533
Amounts due from related parties			138,091				71,499
Prepaid expenses and other current assets			8,874,078				2,066,487
Current assets held for sale associated with discontinued operation of ELPW			–				1,240,751
Total current assets			18,112,904				11,877,093
Equity method investment			4,572,796
Property, plant and equipment, net			100,255				117,453
Right-of-use assets, net			59,074				71,751
Non-current assets held for sale associated with discontinued operation of ELPW			–				15,674,938
Total non-current assets			4,732,125				15,864,142
Total assets			22,845,029				27,741,235
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Short-term loans-third parties			1,937,582				7,498,469
Short-term loans-related parties			4,679,224				2,030,366
Accounts payable			46,234				875,063
Amounts due to related parties			–				79,773
Contract liabilities			169,470				2,038,433
Accrued expenses and other current liabilities			842,508				1,812,778
Provision for product warranty, current			182,006				83,784
Lease liabilities, current			33,702				32,074
Current liabilities held for sale associated with discontinued operation of ELPW			–				11,436,442
Total current liabilities			7,890,726				25,887,182
Provision for product warranty, non-current			15,120				638
Lease liabilities, non-current			20,193				41,644
Non-current liabilities held for sale associated with discontinued operation of ELPW			–				24,555,631
Total non-current liabilities			35,313				24,597,913
Total liabilities			7,926,039				50,485,095
Class A Ordinary Shares, US$0.576 par value, 333,333,333 shares authorized, 1,065 shares issued and 769 outstanding as of December 31, 2025; 145,073* shares issued and 144,778 outstanding as of June 30, 2026;			83,392				443
Class B Ordinary Shares, US$0.576 par value, 83,333,333 shares authorized, 101 shares issued and outstanding as of December 31, 2025; 2,545 shares issued and outstanding as of June 30, 2026*			1,466				58
Treasury shares			(80	)			(80	)
Additional paid-in capital			67,725,796				51,070,354
Statutory Reserve			–				708,470
Accumulated deficit			(53,271,564	)			(74,474,141	)
Accumulated other comprehensive (loss) income			379,980				(48,964	)
Total shareholders’ equity (deficit)			14,918,990				(22,743,860	)
Total liabilities and shareholders’ equity (deficit)			22,845,029				27,741,235

	*	Including 295 shares issued but not outstanding, consisting of 156 forfeited Earnout Shares pending cancellation and 139 shares held as treasury stock reserved for future issuance, as discussed in Note 17.
	*	Giving retroactive effect to the 1-for-45 reverse share split effected on August 10, 2026.

ELONG POWER HOLDING LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Amount in U.S. dollars, except for number of shares or otherwise noted)

		For the six months ended June 30,
		2026				2025
		Unaudited				Unaudited
Revenues		$	2,899,110			$	19,229
Cost of revenues			(2,890,116	)			(17,306	)
GROSS PROFIT			8,994				1,923
OPERATING EXPENSES
Selling expenses			(505	)			(19,985	)
General and administrative expenses			(1,809,901	)			(1,252,874	)
TOTAL OPERATING EXPENSES			(1,810,406	)			(1,272,859	)
OPERATING LOSS			(1,801,412	)			(1,270,936	)
OTHER (EXPENSE) INCOME
Interest income			59,148				200
Interest expense			(206,698	)			(22,899	)
Foreign currency exchange losses, net			(255,926	)			(128,947	)
Share of profit from equity method investment			180				–
Fair value losses on short-term investments			(186,854	)			–
Other income			281,267				–
TOTAL NON OPERATING EXPENSE, NET			(308,883	)			(151,646	)
LOSS BEFORE INCOME TAXES			(2,110,295	)			(1,422,582	)
INCOME TAX EXPENSE			–				–
NET LOSS FROM CONTINUING OPERATIONS			(2,110,295	)			(1,422,582	)
DISCONTINUED OPERATIONS:
Loss from discontinued operations			(2,002	)			(1,232,895	)
Gain on disposal of subsidiaries			22,606,404				–
NET INCOME(LOSS) FROM DISCONTINUED OPERATIONS			22,604,402				(1,232,895	)
NET INCOME (LOSS)		$	20,494,107			$	(2,655,477	)
Net income (loss) per share attributable to ordinary shareholders of the Company-Basic and Diluted *
Continuing operations			(42.36	)			(1,645.40	)
Discontinued operations			453.73				(1,426.00	)
Total basic and diluted		$	411.37			$	(3,071.40	)
WEIGHTED AVERAGE SHARES OUTSTANDING USED IN CALCULATING BASIC AND DILUTED LOSS PER SHARE
Class A and Class B Ordinary Shares			49,819				865

*

Giving retroactive effect to the 1-for-45 reverse share split effected on August 10, 2026.

ELONG POWER HOLDING LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(Amount in U.S. dollars, except for number of shares or otherwise noted)

		For the six months ended June 30,
		2026				2025
Cash flows from operating activities
Net income (loss)		$	20,494,107			$	(2,655,477	)
Provision for losses on accounts receivable			–				23,132
Provision of obsolete inventory			–				148,912
Depreciation and amortization expense			25,488				60,221
Interest on lease liabilities			1,323				3,678
Amortization of operating and finance right-of-use assets			14,883				820,287
Gain on disposals of property, plant and equipment			–				(66,138	)
Gain from debt forgiveness			–				(7,218	)
Provision (reversal) for warranty liability			108,876				(153,845	)
Fair value losses on short-term investments			186,854				–
Share of profit from equity method investment			(180	)			–
Gain on disposal of subsidiaries			(22,606,404	)			–
Changes in operating assets and liabilities:
Accounts receivable			682,962				(276,816	)
Inventories			–				(38,474	)
Amounts due from related parties			(128,072	)			–
Prepaid expenses and other current assets			(7,349,365	)			(28,014	)
Long term accounts receivable			–				99,183
Accounts and notes payable			(795,842	)			50,904
Amounts due to related parties			–				140,972
Contract liabilities			(1,791,605	)			150,313
Accrued expenses and other current liabilities			4,106,253				156,703
Product warranty liability			53,791				(38,229	)
Lease liability			(53,895	)			–
Net cash used in operating activities			(7,050,826	)			(1,609,906	)
Cash flows from investing activities
Purchase of property, plant and equipment			(5,128	)			(62,254	)
Proceeds from disposal of short term investments			2,045,400				–
Placement of short-term investments			(4,132,849	)			–
Placement of equity method investment			(4,572,616	)			–
Disposal of subsidiaries, net of cash disposed			(123,021	)			–
Net cash used in investing activities			(6,788,214	)			(62,254	)
Cash flows from financing activities
Proceeds from borrowings from related parties			4,568,835				1,280,093
Repayment of borrowings to related parties			(873,231	)			–
Proceeds from borrowings from third parties			1,289,909				322,045
Repayments of borrowings to third parties			(2,189,134	)			(31,269	)
Offering costs			(1,702,120	)			–
Proceeds from issuance of common stock			18,328,919				–
Net cash provided by financing activities			19,423,178				1,570,869
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash			(216,732	)			(16,182	)
Net increase in cash, cash equivalents and restricted cash			5,367,406				(117,473	)
Cash and cash equivalents and restricted cash, beginning of period			572,544				318,001
Cash and cash equivalents and restricted cash, end of period		$	5,939,950				200,528
Supplemental disclosure of cash flow information:
Issuance of Class B ordinary shares for Debt Settlement			48,600				–
Issuance of Class B to a shareholder			64,400				–
Short term investment Redemption Proceeds Applied to Offset Loans			6,289,040				–
Lease liabilities arising from obtaining right-of-use assets			–				311,871

BEIJING, Oct. 06, 2026 (GLOBE NEWSWIRE) — Elong Power Holding Limited (Elong Power, NASDAQ: ELPW, together with its subsidiaries and consolidated entities, the “Company”) today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026 (the “First Half of 2026”). The Company has completed the divestment of its lithium battery manufacturing business, fully pivoted to an asset-light energy storage system integration business, and completed offerings with aggregate gross proceeds of approximately US$20 million, laying a solid funding foundation for its global energy storage market expansion.

First Half 2026 Financial and Operating Highlights

	●	Net revenue was US$2.90 million for the first half of fiscal year 2026, representing a substantial increase of 14,977% from US$19,229 in the same period of the prior year. This growth was primarily attributable to the significant ramp-up in sales of our energy storage system integration equipment and supporting accessories business;
	●	Gross profit was US$8,994 for the first half of fiscal year 2026, representing an increase of 368% from US$1,923 in the same period of the prior year; gross margin declined from 10.00% in the same period of the prior year to 0.3%, primarily due to the thin-margin operation of the energy storage system integration equipment and supporting accessories sales business in its early stage;
	●	Net income was US$20.49 million for the first half of fiscal year 2026, compared with a net loss of US$2.66 million in the same period of the prior year. This result was driven by a one-time, non-operating gain of US$22.61 million on the disposal of the lithium battery manufacturing business;
	●	Net loss from continuing operations (sales of energy storage system integration equipment and supporting accessories) was US$2.11 million for the first half of fiscal year 2026, widening from a net loss of US$1.42 million in the same period of the prior year;
	●	Both basic and diluted earnings per share were US$411 for the first half of fiscal year 2026, compared with a loss per share of US$3,071 in the same period of the prior year. The per-share amounts give retroactive effect to the 1-for-45 reverse share split effected August 10, 2026, after period end.

Management Commentary

Elong Power’s management stated: “The first half of 2026 marked a significant change in the Company’s business. We completed the divestment of our lithium battery manufacturing business and recognized a non-operating disposal gain, thereby pivoting to an asset-light energy storage system integration business and concentrating resources on the research and development and market development of energy storage products. Meanwhile, the Company completed an approximately US$20 million public market financing during the first half of 2026, providing solid funding support for energy storage product research and development and market promotion, and laying the foundation for the Company’s global energy storage market expansion. We believe that our asset-light model focused on the energy storage integration business will help drive long-term, sustainable value creation for the Company.”

Business Progress and Operational Review

1. Asset Divestment and Strategic Transformation: In March 2026, the Company completed the divestment of its lithium battery manufacturing subsidiary, adopted an asset-light operating model, and focused on the energy storage system integration business, while retaining its research and development, sales and full-lifecycle service capabilities. The disposal gains recognized from the divestment provided the primary support for the turnaround to profitability in the current period.

2. Public Market Financing: The Company completed offerings with aggregated gross proceeds of approximately US$20 million during the first half of 2026, providing funding support for energy storage product research and development and market promotion, and facilitating its global energy storage market expansion.

3. Operating Results: Net revenues in the current period were derived almost entirely from the sales of energy storage system integration equipment and supporting accessories. This business was still in its early stage with an extremely low revenue base in the same period of the prior year. During the current period, the Company focused on expanding its customer base and securing orders for energy storage products, and sales volume increased significantly, driving revenue from US$19,229 to US$2.90 million. Meanwhile, the business is currently a thin-margin business with limited per-unit gross profit. As sales volume grew, the consolidated gross margin declined from 10.00% in the same period of the prior year to 0.3%, with gross profit of only US$8,994, which was insufficient to cover selling, administrative and other operating expenses, resulting in a net loss of US$2.11 million from continuing operations in the current period.

About Elong Power

Elong Power Holding Limited is an exempted company incorporated under the laws of the Cayman Islands. Adhering to its development strategy of “Asset-Light, R&D-Intensive, AI + Energy Storage, Global Scenario Layout”, the Company focuses on lithium battery energy storage system core business, with strategic layout covering overseas residential & commercial and industrial (C&I) energy storage, as well as grid-side energy storage in China. The Company is committed to delivering high-reliability, cost-effective and intelligent energy storage system solutions to global customers. Elong Power is chaired and led by Ms. Xiaodan Liu as Chief Executive Officer.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar expressions, and include statements regarding the Company’s business strategy, its transition to an energy storage system integration business, its global expansion, its use of financing proceeds and its future results of operations. Such statements involve risks and uncertainties, including, among others: the Company’s limited operating history in the energy storage business; its ability to achieve positive gross margins and profitability from continuing operations; its need for additional financing and its ability to continue as a going concern; customer and supplier concentration; competition; related-party transactions; maintaining its Nasdaq listing; PRC regulatory, economic and currency risks; and the other risks described under “Item 3. Key Information—D. Risk Factors” in the Company’s most recent Annual Report on Form 20-F and other SEC filings. Actual results may differ materially. Except as required by law, the Company undertakes no obligation to update any forward-looking statement.

Investor & Media Contact

Elong Power Investor Relations
Email: ir@elongpower.com

ELONG POWER HOLDING LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amount in U.S. dollars, except for number of shares or otherwise noted)

		As of June 30				As of December 31
		2026				2025
		(Unaudited)				(Audited)
ASSETS
Current assets:
Cash and cash equivalents			5,939,950				443,591
Short-term investments			2,940,490				7,165,232
Accounts receivable			220,295				889,533
Amounts due from related parties			138,091				71,499
Prepaid expenses and other current assets			8,874,078				2,066,487
Current assets held for sale associated with discontinued operation of ELPW			–				1,240,751
Total current assets			18,112,904				11,877,093
Equity method investment			4,572,796
Property, plant and equipment, net			100,255				117,453
Right-of-use assets, net			59,074				71,751
Non-current assets held for sale associated with discontinued operation of ELPW			–				15,674,938
Total non-current assets			4,732,125				15,864,142
Total assets			22,845,029				27,741,235
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Short-term loans-third parties			1,937,582				7,498,469
Short-term loans-related parties			4,679,224				2,030,366
Accounts payable			46,234				875,063
Amounts due to related parties			–				79,773
Contract liabilities			169,470				2,038,433
Accrued expenses and other current liabilities			842,508				1,812,778
Provision for product warranty, current			182,006				83,784
Lease liabilities, current			33,702				32,074
Current liabilities held for sale associated with discontinued operation of ELPW			–				11,436,442
Total current liabilities			7,890,726				25,887,182
Provision for product warranty, non-current			15,120				638
Lease liabilities, non-current			20,193				41,644
Non-current liabilities held for sale associated with discontinued operation of ELPW			–				24,555,631
Total non-current liabilities			35,313				24,597,913
Total liabilities			7,926,039				50,485,095
Class A Ordinary Shares, US$0.576 par value, 333,333,333 shares authorized, 1,065 shares issued and 769 outstanding as of December 31, 2025; 145,073* shares issued and 144,778 outstanding as of June 30, 2026;			83,392				443
Class B Ordinary Shares, US$0.576 par value, 83,333,333 shares authorized, 101 shares issued and outstanding as of December 31, 2025; 2,545 shares issued and outstanding as of June 30, 2026*			1,466				58
Treasury shares			(80	)			(80	)
Additional paid-in capital			67,725,796				51,070,354
Statutory Reserve			–				708,470
Accumulated deficit			(53,271,564	)			(74,474,141	)
Accumulated other comprehensive (loss) income			379,980				(48,964	)
Total shareholders’ equity (deficit)			14,918,990				(22,743,860	)
Total liabilities and shareholders’ equity (deficit)			22,845,029				27,741,235

	*	Including 295 shares issued but not outstanding, consisting of 156 forfeited Earnout Shares pending cancellation and 139 shares held as treasury stock reserved for future issuance, as discussed in Note 17.
	*	Giving retroactive effect to the 1-for-45 reverse share split effected on August 10, 2026.

ELONG POWER HOLDING LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Amount in U.S. dollars, except for number of shares or otherwise noted)

		For the six months ended June 30,
		2026				2025
		Unaudited				Unaudited
Revenues		$	2,899,110			$	19,229
Cost of revenues			(2,890,116	)			(17,306	)
GROSS PROFIT			8,994				1,923
OPERATING EXPENSES
Selling expenses			(505	)			(19,985	)
General and administrative expenses			(1,809,901	)			(1,252,874	)
TOTAL OPERATING EXPENSES			(1,810,406	)			(1,272,859	)
OPERATING LOSS			(1,801,412	)			(1,270,936	)
OTHER (EXPENSE) INCOME
Interest income			59,148				200
Interest expense			(206,698	)			(22,899	)
Foreign currency exchange losses, net			(255,926	)			(128,947	)
Share of profit from equity method investment			180				–
Fair value losses on short-term investments			(186,854	)			–
Other income			281,267				–
TOTAL NON OPERATING EXPENSE, NET			(308,883	)			(151,646	)
LOSS BEFORE INCOME TAXES			(2,110,295	)			(1,422,582	)
INCOME TAX EXPENSE			–				–
NET LOSS FROM CONTINUING OPERATIONS			(2,110,295	)			(1,422,582	)
DISCONTINUED OPERATIONS:
Loss from discontinued operations			(2,002	)			(1,232,895	)
Gain on disposal of subsidiaries			22,606,404				–
NET INCOME(LOSS) FROM DISCONTINUED OPERATIONS			22,604,402				(1,232,895	)
NET INCOME (LOSS)		$	20,494,107			$	(2,655,477	)
Net income (loss) per share attributable to ordinary shareholders of the Company-Basic and Diluted *
Continuing operations			(42.36	)			(1,645.40	)
Discontinued operations			453.73				(1,426.00	)
Total basic and diluted		$	411.37			$	(3,071.40	)
WEIGHTED AVERAGE SHARES OUTSTANDING USED IN CALCULATING BASIC AND DILUTED LOSS PER SHARE
Class A and Class B Ordinary Shares			49,819				865

*

Giving retroactive effect to the 1-for-45 reverse share split effected on August 10, 2026.

ELONG POWER HOLDING LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(Amount in U.S. dollars, except for number of shares or otherwise noted)

		For the six months ended June 30,
		2026				2025
Cash flows from operating activities
Net income (loss)		$	20,494,107			$	(2,655,477	)
Provision for losses on accounts receivable			–				23,132
Provision of obsolete inventory			–				148,912
Depreciation and amortization expense			25,488				60,221
Interest on lease liabilities			1,323				3,678
Amortization of operating and finance right-of-use assets			14,883				820,287
Gain on disposals of property, plant and equipment			–				(66,138	)
Gain from debt forgiveness			–				(7,218	)
Provision (reversal) for warranty liability			108,876				(153,845	)
Fair value losses on short-term investments			186,854				–
Share of profit from equity method investment			(180	)			–
Gain on disposal of subsidiaries			(22,606,404	)			–
Changes in operating assets and liabilities:
Accounts receivable			682,962				(276,816	)
Inventories			–				(38,474	)
Amounts due from related parties			(128,072	)			–
Prepaid expenses and other current assets			(7,349,365	)			(28,014	)
Long term accounts receivable			–				99,183
Accounts and notes payable			(795,842	)			50,904
Amounts due to related parties			–				140,972
Contract liabilities			(1,791,605	)			150,313
Accrued expenses and other current liabilities			4,106,253				156,703
Product warranty liability			53,791				(38,229	)
Lease liability			(53,895	)			–
Net cash used in operating activities			(7,050,826	)			(1,609,906	)
Cash flows from investing activities
Purchase of property, plant and equipment			(5,128	)			(62,254	)
Proceeds from disposal of short term investments			2,045,400				–
Placement of short-term investments			(4,132,849	)			–
Placement of equity method investment			(4,572,616	)			–
Disposal of subsidiaries, net of cash disposed			(123,021	)			–
Net cash used in investing activities			(6,788,214	)			(62,254	)
Cash flows from financing activities
Proceeds from borrowings from related parties			4,568,835				1,280,093
Repayment of borrowings to related parties			(873,231	)			–
Proceeds from borrowings from third parties			1,289,909				322,045
Repayments of borrowings to third parties			(2,189,134	)			(31,269	)
Offering costs			(1,702,120	)			–
Proceeds from issuance of common stock			18,328,919				–
Net cash provided by financing activities			19,423,178				1,570,869
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash			(216,732	)			(16,182	)
Net increase in cash, cash equivalents and restricted cash			5,367,406				(117,473	)
Cash and cash equivalents and restricted cash, beginning of period			572,544				318,001
Cash and cash equivalents and restricted cash, end of period		$	5,939,950				200,528
Supplemental disclosure of cash flow information:
Issuance of Class B ordinary shares for Debt Settlement			48,600				–
Issuance of Class B to a shareholder			64,400				–
Short term investment Redemption Proceeds Applied to Offset Loans			6,289,040				–
Lease liabilities arising from obtaining right-of-use assets			–				311,871

Founder and CEO Rohan Malhotra to Join “The Shifting Landscape of AI” Panel at Maxim, Present at ThinkEquity and Hold One-on-One Meetings with Institutional Investors

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the intersection of insurance and mobility, today announced that Founder and Chief Executive Officer Rohan Malhotra will present at both the 2026 Maxim Growth Summit and The ThinkEquity Conference in New York during the week of October 12, 2026.

2026 Maxim Growth Summit
Date: October 13, 2026
Location: Hard Rock Hotel New York
Panel: “The Shifting Landscape of AI”
Time: 1:30 p.m. – 2:30 p.m. ET
Investor Meetings: One-on-one meetings will be held during the conference

Mr. Malhotra will join the panel discussion, “The Shifting Landscape of AI,” and discuss the evolving AI landscape alongside other industry leaders. He will also hold one-on-one meetings with institutional investors during the conference.

The ThinkEquity Conference
Date: October 15, 2026
Location: Mandarin Oriental, New York
Company Presentation: Rohan Malhotra, Founder and CEO
Time: 9:30 a.m. ET
Investor Meetings: One-on-one meetings will be held throughout the day

During the conferences, management expects to discuss Roadzen’s AI-powered insurance and mobility platform, recent business developments and the Company’s strategy for continued growth across its global operations.

Investors interested in scheduling a one-on-one meeting with Roadzen management should contact their respective Maxim Group or ThinkEquity representative.

About Roadzen Inc.
Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients across North America, Europe, and Asia — from the world’s leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world’s top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 450 people across offices in the U.S., U.K., India and China. Learn more at www.roadzen.ai.

About Maxim Group and the Maxim Growth Summit
Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The independent, employee-owned firm provides a broad range of financial services, including investment banking, private wealth management, institutional equity, fixed-income and derivatives sales and trading, equity research and prime brokerage services.   For more information, visit www.maximgrp.com.

The 2026 Maxim Growth Summit, being held October 12–14 at the Hard Rock Hotel New York, brings together industry leaders, innovators and institutions and includes one-on-one meetings with institutional investors and discussions across sectors including artificial intelligence, biotechnology, quantum technology, digital assets, energy and mining, drones and other emerging industries. For more information and a complete agenda of the Maxim Growth Summit, please visit www.maximgrp.com/2026-growth-summit.

About ThinkEquity and The ThinkEquity Conference
ThinkEquity LLC is a boutique investment bank providing a range of services to growth companies, including public and private capital raising, investment banking, equity research, institutional sales and trading, debt capital markets and mergers and acquisitions.

The ThinkEquity Conference brings together public and private companies, institutional and accredited investors, and industry executives for company presentations and one-on-one investor meetings. Past conferences have included more than 85 company presentations, 750 attendees and 750 one-on-one meetings. The 2026 conference will feature companies across sectors including artificial intelligence, biotechnology, drones, metals and mining, oil and gas, space and technology.   For more information, visit www.think-equity.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding anticipated revenue and EBITDA, our anticipated strategy, valuation, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 29, 2026. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:
Investor Contacts: IR@roadzen.ai
Media Contacts: Sanya Soni sanya@roadzen.ai or media@roadzen.ai

Founder and CEO Rohan Malhotra to Join “The Shifting Landscape of AI” Panel at Maxim, Present at ThinkEquity and Hold One-on-One Meetings with Institutional Investors

NEW YORK, Oct. 06, 2026 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the intersection of insurance and mobility, today announced that Founder and Chief Executive Officer Rohan Malhotra will present at both the 2026 Maxim Growth Summit and The ThinkEquity Conference in New York during the week of October 12, 2026.

2026 Maxim Growth Summit
Date: October 13, 2026
Location: Hard Rock Hotel New York
Panel: “The Shifting Landscape of AI”
Time: 1:30 p.m. – 2:30 p.m. ET
Investor Meetings: One-on-one meetings will be held during the conference

Mr. Malhotra will join the panel discussion, “The Shifting Landscape of AI,” and discuss the evolving AI landscape alongside other industry leaders. He will also hold one-on-one meetings with institutional investors during the conference.

The ThinkEquity Conference
Date: October 15, 2026
Location: Mandarin Oriental, New York
Company Presentation: Rohan Malhotra, Founder and CEO
Time: 9:30 a.m. ET
Investor Meetings: One-on-one meetings will be held throughout the day

During the conferences, management expects to discuss Roadzen’s AI-powered insurance and mobility platform, recent business developments and the Company’s strategy for continued growth across its global operations.

Investors interested in scheduling a one-on-one meeting with Roadzen management should contact their respective Maxim Group or ThinkEquity representative.

About Roadzen Inc.
Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients across North America, Europe, and Asia — from the world’s leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world’s top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 450 people across offices in the U.S., U.K., India and China. Learn more at www.roadzen.ai.

About Maxim Group and the Maxim Growth Summit
Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The independent, employee-owned firm provides a broad range of financial services, including investment banking, private wealth management, institutional equity, fixed-income and derivatives sales and trading, equity research and prime brokerage services.   For more information, visit www.maximgrp.com.

The 2026 Maxim Growth Summit, being held October 12–14 at the Hard Rock Hotel New York, brings together industry leaders, innovators and institutions and includes one-on-one meetings with institutional investors and discussions across sectors including artificial intelligence, biotechnology, quantum technology, digital assets, energy and mining, drones and other emerging industries. For more information and a complete agenda of the Maxim Growth Summit, please visit www.maximgrp.com/2026-growth-summit.

About ThinkEquity and The ThinkEquity Conference
ThinkEquity LLC is a boutique investment bank providing a range of services to growth companies, including public and private capital raising, investment banking, equity research, institutional sales and trading, debt capital markets and mergers and acquisitions.

The ThinkEquity Conference brings together public and private companies, institutional and accredited investors, and industry executives for company presentations and one-on-one investor meetings. Past conferences have included more than 85 company presentations, 750 attendees and 750 one-on-one meetings. The 2026 conference will feature companies across sectors including artificial intelligence, biotechnology, drones, metals and mining, oil and gas, space and technology.   For more information, visit www.think-equity.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding anticipated revenue and EBITDA, our anticipated strategy, valuation, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 29, 2026. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:
Investor Contacts: IR@roadzen.ai
Media Contacts: Sanya Soni sanya@roadzen.ai or media@roadzen.ai

Landsbankinn will offer covered bonds for sale via auction held on Thursday 8 October at 15:00. The non-indexed series LBANK CB 32, will be offered for sale.

In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 26 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99.855.

Expected settlement date is 15 October 2026.

The covered bonds will be issued under the bank’s covered bond programme. Covered bonds issued by Landsbankinn are rated A+ with positive outlook by S&P Global Ratings.

Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Landsbankinn will offer covered bonds for sale via auction held on Thursday 8 October at 15:00. The non-indexed series LBANK CB 32, will be offered for sale.

In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 26 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99.855.

Expected settlement date is 15 October 2026.

The covered bonds will be issued under the bank’s covered bond programme. Covered bonds issued by Landsbankinn are rated A+ with positive outlook by S&P Global Ratings.

Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Transaction in Own Shares

October 05, 2026

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 05 October 2026 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of Purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
05/10/2026	825,000	£ 36.3750	£ 35.7950	£ 36.1340	LSE	GBP
05/10/2026	–	–	–	–	Chi-X (CXE)	GBP
05/10/2026	–	–	–	–	BATS (BXE)	GBP
05/10/2026	380,000	€ 43.1050	€ 42.3550	€ 42.7918	XAMS	EUR
05/10/2026	–	–	–	–	CBOE DXE	EUR
05/10/2026	–	–	–	–	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company’s existing share buy-back programme previously announced on 30 July 2026. 

In respect of this programme, Goldman Sachs International will make trading decisions in relation to the securities independently of the Company for a period from 30 July 2026 up to and including 23 October 2026.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020)  through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Goldman Sachs International on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries:

Media International: +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

Attachment

• 20261005_Shell RNS – full version