SHENZHEN, China, July 10,
2024 /PRNewswire/ -- MingZhu Logistics Holdings
Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite
provider of logistics and transportation services to businesses,
today announced Sinotrans Logistics Northwest Co., Ltd. ("Sinotrans
Logistics" https://logistics.sinotrans.com/) awarded a major 1-year
vehicle transport contract to MingZhu's subsidiary Shanghai Feipeng
Supply Chain Management Co., Ltd. ("Feipeng").
Under the contract, Feipeng will provide automobile
transportation service to Sinotrans Logistics through
June 2025. Feipeng will be
transporting new energy commercial vehicles for Sinotrans Logistics
from its customer Zhejiang Geely Holding Group Co., Ltd.'s
nationwide factory to agreed-upon destinations across China. Sinotrans Logistics contracted Feipeng
to initially provide 100 trucks on the route during the contract
period.
Mr. Jinlong Yang, Chairman and
Chief Executive Officer of MingZhu Logistics Holdings Limited,
commented, "This showcase win demonstrates our capacity to
flawlessly support high-profile customers and positively impacts
our business financially. This capability is fueling significant
momentum and growth for our company. Moreover, this achievement is
a substantial win for our investors, reflecting our dedication to
unlocking greater value."
Feipeng Logistics, a subsidiary of MingZhu, was founded in 2014.
It provides integrated solutions to the logistics supply chain that
reduce costs and increase efficiency. Feipeng Logistics is based in
China's Xinjiang Autonomous
Region, a strategically important location for manufacturing and
commerce.
Sinotrans Logistics Co., Ltd. ("Sinotrans Logistics"
https://logistics.sinotrans.com/) is the flagship of the contract
logistics sector of Sinotrans Co., Ltd., a unified operating
platform for the development of modern logistics business by China
Merchants Group Co., Ltd., and is also one of the largest contract
logistics companies in China. It
is listed on both the Hong Kong
and Shanghai Stock Exchanges. Sinotrans Logistics operates five
business platforms: international supply chain, automobile
transport, smart warehousing, multimodal transport and supply chain
finance, focusing on the "5+1" industry fields of pan-consumer
goods, technology electronics, medical health, automobile and
industrial manufacturing, new retail and special logistics. It has
carried out in-depth and extensive cooperation with many Fortune
500 customers and government agencies such as Procter & Gamble,
Mobil, GE, Philips, Mars, Nestlé, Metro, Kimberly-Clark,
BLACKWOODS, Kmart, etc., and has won widespread praise from
customers.
About MingZhu Logistics Holdings Limited (Nasdaq:
YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings
Limited is a 4A-rated professional trucking service provider. Based
on the Company's regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings
offers tailored solutions to our clients to deliver their goods
through our network density and broad geographic coverage across
the country by a combination of self-owned fleets tractors and
trailers and subcontractors' fleets. For more information, please
visit https://ir.szygmz.com/.
Forward-Looking Statements
The statements in this press release regarding the Company's
future expectations, plans and prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding plans, goals, objectives, strategies, future events,
expected performance, assumptions and any other statements of fact
that have not occurred. Any statements that contain the words
"may", "will", "want", "should", "believe", "expect", "anticipate",
"estimate", "calculate" or similar statements that are not factual
in nature are to be considered forward-looking statements. Actual
results may differ materially from historical results or from those
expressed in these forward-looking statements as a result of a
variety of factors. These factors include, but are not limited to,
the Company's strategic objectives, the Company's future plans,
market demand and user acceptance of the Company's products or
services, technological advances, economic trends, the growth of
the trucking services market in China, the Company's reputation and brand, the
impact of industry competition and bidding, relevant policies and
regulations, fluctuations in China's macroeconomic conditions, and the
risks and assumptions disclosed in the Company's reports provided
to the CSRC (China Security Regulatory Commission). The potential
acquisition involves substantial risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied by such statements including but not limited to statements
about the potential benefits of the potential acquisition; the
anticipated timing of closing of the potential acquisition
(including failure to obtain necessary regulatory approvals) and
the possibility that the potential acquisition does not close;
risks related to the ability to realize the anticipated benefits of
the potential 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. For these
and other related reasons, we advise investors not to place any
reliance on these forward-looking statements, and we urge investors
to review the Company's relevant SEC filings for additional factors
that may affect the Company's future results of operations. The
Company undertakes no obligation to publicly revise these
forward-looking statements subsequent to the filing of these
documents as a result of changes in particular events or
circumstances.
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SOURCE MingZhu Logistics Holdings Limited