Mingzhu Logistics Receives Nasdaq Delisting Notice，Plans Further Appeal

Core Points - Mingzhu Logistics Holdings Limited announced that its securities will be delisted from the Nasdaq Capital Market, with trading suspended on December 12, 2025 [1][4] - The delisting is due to non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1 per share for 30 consecutive business days [2] - The company was not eligible for the typical 180-calendar day cure period due to a Discretionary Panel Monitor imposed on May 20, 2025 [3] - The company intends to file an appeal with the Nasdaq Listing and Hearing Review Council within 15 days, although this will not prevent the scheduled suspension of trading [4] - Following the Nasdaq suspension, trading liquidity may become extremely limited, and the company expects its securities to be quoted in the Over-the-Counter (OTC) market [5] Company Overview - Mingzhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a 4A-rated professional trucking service provider [6] - The company offers tailored logistics solutions through a combination of self-owned fleets and subcontractors' fleets, focusing on regional logistics in Guangdong Province [6]