NEWS

SHENZHEN, China, March 14, 2022 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a leading trucking service provider, today announced it has entered into a Share Purchase Agreement to acquire Yinhua (BVI) Limited (the "Yinhua"), which develops and operates a comprehensive auto related service platform to serve auto insurance companies. MingZhu expects this acquisition to be immediately accretive to its revenue, gross margin and net income. The transaction is subject to closing conditions that are customary for transactions of this type. Under terms of the Share Purchase Agreement, MingZhu shall pay $18,302,500 in exchange for 100% equity of Yinhua. Of the total consideration to be paid, $15,304,000 shall be paid in form of 3,826,000 newly issued ordinary shares of MingZhu, representing $4.00 per ordinary share of MingZhu, and US$1 million cash upon closing. In addition, a cash earnout of US$1,998,500 shall be paid if Yinhua achieves a net income target...

SHENZHEN, China, Dec. 29, 2021 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a leading trucking service provider, today announced that it entered into a Share Purchase Agreement (the "SPA") on December 29, 2021 to acquire 100% of the equity interest of Cheyi (BVI) Limited (the "Cheyi BVI") which operates its business through its subsidiary Zhejiang CheYi Network Technology Co., Ltd. (the "CheYi Network"), an integrated online car-hailing and driver management...

SHENZHEN, China, Dec. 23, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its financial results for the six months ended June 30, 2021. Mr. Jinlong, CEO of MingZhu, commented, "We ended the first half of 2021 in a stronger financial position, with 8.2% year over year revenue growth, a 15% improvement in gross profit, and a 24% improvement in operating income. We...

SHENZHEN, China, Dec. 13, 2021 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it intends to expand into the commercial liquor distribution market given the synergies and adjacency to its existing business. The Company intends to cooperate with a China-based distributor of Baijiu and other spirits to enhance its commercial liquor distribution business across China, subject to final agreement. As part of its...

SHENZHEN, China, Oct. 12, 2021 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it has entered into a non-binding memorandum of understanding ("MOU") to acquire the controlling interest of Xinjiang Feipeng Logistics Co. Ltd. ("Feipeng"), a services provider of slack coal transportation for the "first and last mile" by road-railway intermodal system in Xinjiang. The acquisition will provide customers an...

SHENZHEN, China, Sept. 27, 2021 -- MingZhu Logistics Holdings Ltd. (Nasdaq: YGMZ) ("the company"), a leading trucking service provider, today announced the Company attended the 16th China (Shenzhen) International Logistics and Supply Chain Fair ("CILF") held September 23-25, 2021. CILF is a must attend event for companies working in or relying upon the modern global logistics and supply chain industry. At the CILF, MingZhu Logistics received an award for Excellent Cross-Border eCommerce...

SHENZHEN, China, July 26, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services, today announced it has entered into a non-binding  memorandum of understanding ("MOU") with Damo Electric Truck ("DAMO").  Under the MOU, Mingzhu will set up a joint venture ("JV") with DAMO and DAMO will transfer its operating business and all IP it has developed or is currently developing into the JV...

SHENZHEN, China, July 6, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a non-binding memorandum of understanding ("MOU") to acquire controlling equity interest of Zhejiang CheYi Network Technology Co., Ltd. ("CheYi Network"), an integrated online car-hailing and driver management services company. The acquisition offers MingZhu's...

SHENZHEN, June 29, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on June 29, 2021, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with the periodic filing requirement for NASDAQ under Listing Rule 5250(c)(1).  NASDAQ noted this matter is now closed.About MingZhu Logistics Holdings...

SHENZHEN, June 28, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its audited financial results for the full year ended December 31, 2020. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, "2020 was a year of major milestone achievements, as we executed on our business strategy and strengthened our...

SHENZHEN, China, May 19, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced today announced it has received a notice of non-compliance from Nasdaq stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2020, MingZhu is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of...