Shenzhen, China, May 21, 2025 – Mingzhu Logistics Holdings Limited (Nasdaq: YGMZ), a leading logistics and transportation provider, announced it has received notification from Nasdaq on May 20, 2025, confirming its compliance with Listing Rule 5550(a)(2), the minimum bid price requirement, as per the Nasdaq Hearings Panel’s decision on March 31, 2025.

Nasdaq’s determination followed a period of twenty consecutive trading days, from April 17 to May 8, 2025, during which the Company’s Ordinary Shares maintained a closing bid price of $1.00 or higher. Consequently, Mingzhu Logistics is now compliant with Nasdaq Listing Rule 5550(a)(2).

The Panel has also imposed a Discretionary Panel Monitor for one year from the date of the notification, under Listing Rule 5815(d)(4)(A). This measure aims to ensure the Company proactively addresses potential compliance issues and maintains long-term adherence to Nasdaq’s listing requirements. Should the Company fail to meet any listing standard during this monitoring period, the Listing Qualifications Department will promptly issue a Staff Delisting Determination, without allowing the Company a compliance plan or additional time to regain compliance, as would normally be permitted under Rule 5810(c)(2) and Rule 5810(c)(3).

About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)

MingZhu Logistics Holdings Limited, established in 2002 and based in Shenzhen, China, is a 4A-rated professional trucking service provider. Utilizing regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers customized solutions for goods delivery through its extensive network and broad geographic coverage across the country. This is achieved through a combination of self-owned fleets of tractors and trailers, as well as subcontractor fleets. More details can be found at .

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 regarding the Company’s expectations, plans, and prospects. These statements, which include plans, goals, objectives, strategies, future events, expected performance, assumptions, and any non-historical statements, are identified by terms such as “may,” “will,” “want,” “should,” “believe,” “expect,” “anticipate,” “estimate,” or “calculate.” Actual results may vary significantly from those projected due to numerous factors, including the Company’s strategic objectives, future plans, market demand, product/service acceptance, technological advancements, economic trends, growth of China’s trucking services market, the Company’s brand and reputation, industry competition, relevant policies and regulations, macroeconomic conditions in China, and the risks and assumptions detailed in the Company’s reports to the CSRC. The potential acquisition is subject to substantial risks and uncertainties that could cause actual results to differ materially, including statements regarding the potential benefits of the acquisition; the anticipated closing timing (including failure to obtain necessary regulatory approvals) and the possibility that the acquisition does not close; risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the potential acquisition making it more difficult to maintain business and operational relationships; negative effects of announcing the potential acquisition or the consummation of the potential acquisition on the market price of our common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions related to the potential acquisition. Investors are cautioned against placing undue reliance on these forward-looking statements and are encouraged to review the Company’s SEC filings for additional factors that may affect future results. The Company does not undertake any obligation to update these statements following the filing of these documents to reflect changes in events or circumstances.

For further information, please contact.
MingZhu Logistics Holdings Limited:
Jingwei Zhang
Email: 
Phone: +86 186-5937-1270