MingZhu Logistics Receives Multiple Awards at Asia's Largest Logistics and Supply Chain Fair

Rhea-AI Summary

MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) attended the 16th China International Logistics and Supply Chain Fair (CILF) from September 23-25, 2021. The company received the Excellent Cross-Border eCommerce Logistics Service Provider award and was recognized as one of the Top 20 Special Line Logistics Enterprises in Europe. CEO Jinlong Yang highlighted the significance of CILF for meeting strategic partners and emphasized their focus on domestic and cross-border logistics expansion. MingZhu’s operations now cover 85% of China, integrating traditional logistics with intelligent technology.

Positive

• Recognized as Excellent Cross-Border eCommerce Logistics Service Provider.
• Featured as one of the Top 20 Special Line Logistics Enterprises in Europe.
• Coverage of 85% of China's domestic logistics market.

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• None.

SHENZHEN, China, Sept. 27, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Ltd. (Nasdaq: YGMZ) ("the company"), a leading trucking service provider, today announced the Company attended the 16^th 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 Logistics Service Provider and was featured as one of the Top 20 Special Line Logistics Enterprises and/or Overseas Warehouse in Europe.

CILF is the biggest trade show of its kind in Asia and the second largest in the world, with more than 1,000 participants from leading logistics and supply chain management companies, road railway transportation providers, intelligent logistics developers, and more. Organized by the Shenzhen Logistics and Supply Chain Management Association, CILF serves as an international professional platform for industry leaders to exchange ideas and facilitate co-operations, while promoting domestic Chinese enterprises and attracting increased global logistics resources.

Mr. Jinlong Yang, Chief Executive Officer of Mingzhu Logistics Holdings Ltd., stated, "CILF is always an excellent platform for us to meet with existing and potential strategic partners. This year's event took on added significance, as we were able to come together and safely meet face-to-face – something that was routine before COVID-19.  We left CILF even more energized and have already started working to convert opportunities we discussed at CILF into revenue and profit drivers for the company."

Mr. Jinlong Yang, Chief Executive Officer of Mingzhu Logistics Holdings Ltd., continued, "We have been focusing on domestic logistics for nearly 20 years, with our operations now reaching 85% of China. In response to the Belt and Road Initiative, we are also actively expanding our cross-border e-commerce logistics business, including the public road-railway transport, China-Europe Railway Express, and more.  In line with this year's CILF theme, Mingzhu has integrated traditional logistics, intelligent technology and big data on the basis of contract logistics and project logistics, aiming to boost the traditional logistics industry and the success of the company, as we focus on accelerating our growth."

About MingZhu Holdings Limited (NASDAQ: YGMZ)

Established in 2002 and headquartered in Shenzhen, China, MingZhu Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company's regional logistics terminals in Guangdong Province and Xinjiang Autonomous Region, MingZhu 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 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) 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

FAQ

What awards did MingZhu Logistics receive at CILF 2021?

MingZhu Logistics received the Excellent Cross-Border eCommerce Logistics Service Provider award and was recognized as one of the Top 20 Special Line Logistics Enterprises in Europe.

When and where was the China International Logistics and Supply Chain Fair held?

The China International Logistics and Supply Chain Fair took place from September 23-25, 2021, in Shenzhen, China.

What is the significance of CILF for MingZhu Logistics?

CILF provides a platform for MingZhu to connect with strategic partners and explore opportunities to drive revenue and profit.

What percentage of China does MingZhu Logistics cover in domestic logistics?

MingZhu Logistics covers 85% of China's domestic logistics market.

What is MingZhu Logistics' focus in cross-border logistics?

MingZhu is actively expanding its cross-border e-commerce logistics business, including public road-railway transport and the China-Europe Railway Express.