An electronic locking assembly includes an electronic lock and an electronic key for unlocking the electronic lock. The electronic key includes a first memory for storing a first password, and a first signal transceiver for encoding the first password into a first wireless signal and transmitting the first wireless signal. The electronic lock includes a main body for physically locking or unlocking the device, a second memory for storing a second password, a second signal transceiver, a processor, and a comparator. The second signal transceiver receives the first wireless signal and decodes the first wireless signal into the first password. The processor sends the first password and the second password to the comparator. The comparator compares whether the first password second password match, and thus to control the main body to physically lock or unlock the device.