Mingzhu Logistic Limited Receives Nasdaq Delisting Notice Subject to Hearing Request

Core Viewpoint - MingZhu Logistics Holdings Limited is facing delisting from Nasdaq due to its stock price being below $1 for 30 consecutive business days, which violates Nasdaq Listing Rule 5550(a)(2) [1] Group 1: Delisting Notification - On October 20, 2025, Nasdaq notified MingZhu of the delisting determination due to non-compliance with the minimum bid price requirement [1] - The company is under a one-year monitoring period imposed by the Nasdaq Listing Qualifications Panel since May 20, 2025, which limits its ability to cure compliance issues [1] Group 2: Appeal Process - MingZhu has until October 27, 2025, to appeal the delisting determination to the hearing panel, which will temporarily suspend the delisting process during the appeal [2] Group 3: Compliance Options - The company is exploring various options to regain compliance, including the possibility of a reverse stock split [3] Group 4: Company Overview - MingZhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a professional trucking service provider with a focus on regional logistics solutions [4]