Mingzhu Logistics Receives Nasdaq Delisting Notice; Delisting Contingent on Hearing Request

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SHENZHEN, China, Oct. 23, 2025 — MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: ), a leading provider of logistics and transportation services for businesses, announced today that on October 20, 2025, it received correspondence from The Nasdaq Stock Market LLC (“Nasdaq”). This letter informed the Company that Nasdaq staff had decided to delist MingZhu’s ordinary shares from The Nasdaq Capital Market (the “Delisting Determination”). The decision stems from the Company’s listed securities having a closing bid price below $1 per share for the past 30 consecutive trading days, thereby failing to comply with Nasdaq Listing Rule 5550(a)(2) (the “Rule”). Typically, companies are granted a 180-calendar day period to regain compliance with this Rule. However, as previously disclosed on May 21, 2025, the Nasdaq Listing Qualifications Panel imposed a Discretionary Panel Monitor on the Company under Listing Rule 5815(d)(4)(A) for a one-year period starting May 20, 2025. Consequently, if the Company violates any listing standard during this monitoring period, it will not be given an applicable cure or compliance period under Rule 5810(c)(3) but will instead face an immediate delisting determination.

The Company has until October 27, 2025, to submit a request for an appeal of the Delisting Determination to a hearing panel. MingZhu plans to request such a hearing before this deadline, which would result in a stay of the suspension of its securities from the date of the request, allowing them to continue trading on The Nasdaq Capital Market during this period.

MingZhu is evaluating all available avenues to restore compliance with the aforementioned regulations, including the implementation of a reverse stock split.

About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)

Founded in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a professional trucking service provider with a 4A rating. Leveraging its regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers customized solutions to clients for goods delivery. This is achieved through its extensive network and broad geographical coverage across the country, utilizing both its own fleet of tractors and trailers and those of subcontractors. For additional details, please visit /.

Forward-Looking Statements

The statements made in this press release concerning the Company’s future expectations, plans, and prospects are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements encompass declarations regarding objectives, goals, strategies, future events, anticipated performance, assumptions, and any other non-historical factual statements. Any statements containing terms such as “may,” “will,” “want,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “calculate,” or similar expressions that are not factual in nature should be regarded as forward-looking statements. Actual outcomes may differ substantially from historical results or from those conveyed in these forward-looking statements due to a variety of factors. These factors include, but are not limited to, the Company’s strategic aims, its future initiatives, market demand and customer acceptance of the Company’s products or services, technological progress, economic trends, the expansion of China’s trucking services market, the Company’s reputation and brand recognition, the effects of industry competition and bidding processes, relevant policies and regulations, fluctuations in China’s macroeconomic conditions, and the risks and assumptions detailed in the Company’s reports submitted to the CSRC (China Security Regulatory Commission). The potential acquisition involves considerable risks and uncertainties that could lead to actual results differing materially from those stated or implied by such declarations, including but not limited to comments about the potential advantages of the potential acquisition; the expected timeframe for closing the potential acquisition (including failure to secure necessary regulatory approvals) and the possibility that the potential acquisition does not materialize; risks associated with realizing the anticipated benefits of the potential acquisition, including the chance that the expected advantages from the proposed transaction will not be achieved or will not be achieved within the anticipated period; the risk that the businesses will not be merged successfully; disruptions from the potential acquisition making it harder to sustain business and operational relationships; negative impacts of announcing the potential acquisition or its completion on the market price of our common stock or operating results; expenses linked to the potential acquisition; undisclosed liabilities; and the risk of legal and/or regulatory actions pertaining to the potential acquisition. For these and other related considerations, we advise investors against relying on these forward-looking statements, and we encourage investors to review the Company’s pertinent SEC filings for further factors that may influence the Company’s future operating results. The Company assumes no obligation to publicly update these forward-looking statements subsequent to the submission of these documents due to changes in specific events or circumstances.

For additional information, please contact.

MingZhu Logistics Holdings Limited:

Jingwei Zhang
Email:
Phone: +86 186-5937-1270