Core Viewpoint - MingZhu Logistics Holdings Limited has entered into a non-binding memorandum of understanding with Enextrend to enhance cross-border logistics and supply chain efficiency over a two-year term [1][2]. Group 1: Company Overview - MingZhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a professional trucking service provider with a focus on tailored logistics solutions [4]. - The company operates regional logistics terminals in Guangdong Province, utilizing a combination of self-owned and subcontracted fleets to deliver goods across China [4]. Group 2: Partnership Details - The strategic partnership aims to leverage the strengths of both companies, focusing on resource sharing and complementary advantages to enhance core competitiveness [2]. - MingZhu plans to provide Enextrend with efficient logistics services to support the growth of its e-commerce platform, Muamau Mall, which specializes in fashion and sports products [2][3]. - The cooperation is intended to reduce operating costs, improve efficiency, and enhance customer satisfaction while promoting market expansion and product innovation [2]. Group 3: Enextrend Overview - Enextrend, based in Ho Chi Minh City, Vietnam, operates the Muamau Mall, an emerging cross-border e-commerce platform that also serves markets in the United States [3]. - The platform focuses on providing competitive prices and efficient logistics to meet consumer demand for affordable goods and fast delivery [3].

Group 1 - Logent Finland Bidco Oy, an indirect subsidiary of SSCP Lager BidCo AB, has agreed to acquire all shares of HUB logistics Finland Oy, with the acquisition expected to close on June 23, 2025, subject to customary conditions [1] - The acquisition aims to enhance Logent's service offerings and value delivery in the Finnish market and Northern Europe [4] - After the acquisition, Logent is projected to achieve pro forma Net Sales of approximately SEK 2.7 billion and Adj. EBITDA of around SEK 270 million by the first quarter of 2025 [5] Group 2 - Logent has mandated Nordea Bank Abp and Pareto Securities AS as joint bookrunners for a Subsequent Notes Issue, with an expected volume of SEK 200 million [2] - The net proceeds from the Subsequent Notes Issue will be used for the acquisition, transaction costs, and general corporate purposes, leading to an aggregate outstanding nominal amount of SEK 1,050 million under the notes loan [3] - The company reports a pro forma net debt position of approximately SEK 1,010 million after the acquisition [5] Group 3 - Logent is an independent logistics partner with a Nordic base, offering a wide range of services including warehouse design, transport management, and staffing services, achieving a turnover of about SEK 2.4 billion since its inception in 2006 [8]

Core Viewpoint - New Century Logistics is advancing its strategic initiatives in 2025 through partnerships, acquisitions, and innovative technology aimed at enhancing logistics efficiency and market presence. Group 1: Partnership with Soradynamics - New Century has formed a partnership with Soradynamics to develop the 'Micro-Hub System' for last-mile delivery in the U.S., addressing high delivery costs and labor shortages [1][3] - The Micro-Hub System integrates vehicle-mounted drone nests, automated battery swapping, and advanced cargo handling systems, aiming to reduce last-mile delivery costs by over 50% per kilometer and increase order processing capacity by more than 2.5 times [4][7] - The system's modular design allows for rapid deployment, making it accessible for small and medium-sized logistics companies [4][6] Group 2: Collaboration with Silk Way Airlines - New Century has signed a memorandum of understanding with Silk Way Airlines to enhance logistics capabilities in South China, focusing on air cargo and supply chain management [2][10] - The cooperation aims to explore digital and green logistics, with plans to launch customized air transport services for cross-border e-commerce and high-end manufacturing by Q3 2025 [11] - A joint working group will be established to expedite project implementation during the 12-month cooperation period [11] Group 3: Acquisition of Asiatic Logistics - New Century has proposed acquiring a 51% stake in Asiatic Logistics to strengthen its presence in Asia and develop a global logistics ecosystem [12] - The acquisition will enhance last-mile services in the growing e-commerce sector and create a seamless logistics corridor connecting Asia, Europe, and the Middle East [13][14] - Future plans post-acquisition include developing Japan as a strategic hub, launching expedited logistics services, and integrating digital enhancements for improved service efficiency [17][18]

Company Overview - SSCP Lager BidCo AB (publ) has published its interim report for the first quarter of 2025, covering the period from January 1 to March 31, 2025 [1] - Logent Group, the company under SSCP Lager BidCo AB, operates as a comprehensive and independent logistics partner with a Nordic base and global networks [3] - Logent has achieved a turnover of approximately SEK 2.3 billion since its inception in 2006 and currently employs around 2,800 people [3] Financial Information - The interim report for Q1 2025 is available for download on the company's website [1] - The report is part of the company's obligations under the EU Market Abuse Regulation and Swedish financial regulations [2][4]

Financial Highlights - The company's revenue increased by 53% to HK$81771 million[8, 11] - Core operating profit increased by 88%[8] - Profit attributable to shareholders increased by 174% to HK$7939 million[8, 38] - Final dividend was HK 50 cents per share[8] - Gearing was 29%[8] Segment Performance - Integrated Logistics (IL) segment profit decreased by 29% to HK$1868 million[8, 15, 19] - International Freight Forwarding (IFF) segment profit increased by 389% to HK$4860 million[8, 15, 31] Revenue by Region - Hong Kong revenue contribution was 11%[12] - Mainland of China revenue contribution was 32%[12] - Asia (excluding Greater China) revenue contribution was 18%[12] - Americas revenue contribution was 22%[12] - EMEA revenue contribution was 12%[12] Segment Profit by Region - Hong Kong segment profit contribution was 22%[17] - Mainland of China segment profit contribution was 29%[17] - Americas segment profit contribution was 23%[17] - EMEA segment profit contribution was 4%[17]

Financial Data and Key Metrics Changes - The company's reported revenue for Q1 was $915 million, an 8% decrease compared to the previous year, consistent with Q4 revenue [13] - Operating income margin increased by 40 basis points year over year to 4.1% [17] - EBITDA for the first quarter was $85 million, with earnings per share (EPS) of $0.44, unchanged from Q1 2024 [18] Business Line Data and Key Metrics Changes - ITS revenue was $530 million, down 4% from $552 million in the prior year, despite an 8% increase in intermodal volumes [14] - Logistics segment revenue decreased to $411 million from $480 million due to lower brokerage volume and revenue per load [14] - Brokerage volume declined by 9% year over year, with a 10% decrease in revenue per load primarily driven by lower fuel prices [11] Market Data and Key Metrics Changes - Intermodal volumes increased by 8% year over year, with local East volumes up 13% and local West up 5% [8] - The company anticipates a near-term impact on import volumes to the West Coast, but the magnitude remains uncertain [6] - Approximately 25% of the company's West Coast volume is port-related, with 30% of that coming from China [28] Company Strategy and Development Direction - The company is focused on profitable growth across all segments, leveraging service quality and cost reductions [6] - A $40 million cost reduction program has been implemented to enhance operational efficiency [7] - The company is exploring strategic acquisition opportunities while maintaining a strong balance sheet [7] Management's Comments on Operating Environment and Future Outlook - Management expects a drop in import demand in the second half of Q2, with varying impacts based on customer strategies [40] - The guidance for full-year EPS is projected to be between $1.75 and $2.25, with revenue expected between $3.6 billion and $4 billion [20] - The company is monitoring customer shipping patterns closely and anticipates a return to normal seasonal operating income patterns in the latter half of the year [22] Other Important Information - The company returned $21 million to shareholders through dividends and stock repurchases in the quarter [19] - Net debt was reported at $140 million, which is 0.4x EBITDA, below the target range of 0.75x to 1.25x [19] - The company has seen a 1,100 basis point improvement in warehouse utilization year over year due to operational efficiency enhancements [11] Q&A Session Summary Question: What percentage of intermodal is tied to West Coast ports? - Approximately 25% of the West Coast volume is port-related, with 30% of that from China [28] Question: Can you provide monthly trends for intermodal volumes? - January was up 18%, February up 1%, March up 7%, and April up 6% [28] Question: How have conversations with large customers evolved? - There is anticipation of a drop in import demand, but many customers have diversified their supply chains [40] Question: What is the outlook for intermodal pricing? - Pricing is expected to be flat for the full year, with competitive bidding observed [33] Question: What is the current headcount situation? - Headcount was down 7%, with ongoing cost control measures in place [53] Question: What are the expectations for capital expenditures? - Capital expenditures are projected to be between $40 million and $50 million, focusing on tractor replacements and technology projects [20]

Financial Data and Key Metrics Changes - The reported revenue for the first quarter was $915 million, a decrease of 8% compared to the previous year [11] - Operating income margin increased by 40 basis points year over year to 4.1% [14] - EBITDA for the first quarter was $85 million, with earnings per share (EPS) of $0.44, consistent with Q1 2024 [15] Business Line Data and Key Metrics Changes - ITS revenue was $530 million, down 4% from $552 million in the prior year, despite an 8% increase in intermodal volumes [12] - Logistics segment revenue decreased to $411 million from $480 million due to lower brokerage volume and revenue per load [12] - Brokerage volume declined by 9% year over year, with a 10% decline in revenue per load primarily driven by lower fuel prices [10] Market Data and Key Metrics Changes - Intermodal volumes increased by 8% year over year, with local East volumes up 13% and local West up 5% [6] - The company anticipates a near-term impact on import volumes to the West Coast, but the magnitude remains uncertain [5] - Approximately 25% of West Coast volume is port-related, with 30% of that coming from China [26] Company Strategy and Development Direction - The company is focusing on profitable growth across all segments while implementing a $40 million cost reduction program [5] - Strategic changes include a focus on yield management, asset utilization, and investing in asset-light logistics offerings [21] - The company is exploring acquisition opportunities to enhance its service offerings and scale [51] Management's Comments on Operating Environment and Future Outlook - Management expects full-year EPS in the range of $1.75 to $2.25 and revenue between $3.6 billion to $4 billion [17] - The company anticipates a potential slowdown in import demand in the second half of Q2, with varying impacts based on customer behavior [34] - Management remains optimistic about the long-term strategy and believes the company can succeed in various macroeconomic environments [21] Other Important Information - The company returned $21 million to shareholders through dividends and stock repurchases in the quarter [16] - Net debt was $140 million, representing 0.4x EBITDA, below the stated net debt to EBITDA range of 0.75x to 1.25x [16] - The company has seen a significant improvement in warehouse utilization, with an 1,100 basis point increase year over year [10] Q&A Session Summary Question: What percentage of intermodal is tied to West Coast ports? - Approximately 25% of West Coast volume is port-related, with 30% of that coming from China [26] Question: Can you provide monthly trends for intermodal volumes? - January was up 18%, February up 1%, March up 7%, and April up 6% [26] Question: What are the expectations for volumes going forward? - Anticipated volume trends will vary by customer, with no significant slowdown observed yet [26][27] Question: How competitive is the bid season? - The bid season has been competitive but not irrational, with a pull forward of bids benefiting intermodal truckload carriers [30] Question: What is the current headcount situation? - Headcount was down 7%, with ongoing cost control measures in place [44] Question: What are the trends in the EASO joint venture? - EASO has seen significant volume growth, approximately 4x year over year, with strong cross-selling opportunities [50] Question: What is the outlook for intermodal pricing? - Pricing is expected to remain flat for the remainder of the year, with potential surcharges depending on market conditions [54] Question: What are the key levers for intermodal margin improvement? - Key levers include increasing velocity in the network and in-sourcing more drayage [92]

Financial Performance - Revenue reached $3 billion[14], with organic revenue up by 3%[14] - Adjusted EBITDA stood at $163 million[14] - Adjusted diluted EPS was $029[14] - Free cash flow was negative $(48) million[14] Growth and Pipeline - New business wins amounted to $228 million in annualized revenue[19] - The sales pipeline increased by 13% year-over-year to $25 billion[19] - $732 million of incremental revenue is expected for 2025 from contracts won through Q1 2025[19] Balance Sheet and Capital Allocation - Total debt was $272 billion[28], with net debt at $2439 billion[28] and a net leverage ratio of 30x[28] - Operating return on invested capital increased year-over-year to 45%[19] Future Outlook - The company reaffirmed its full-year 2025 guidance for organic revenue growth between 3% and 6%[11,29], adjusted EBITDA between $840 million and $860 million[29], and adjusted diluted EPS between $240 and $260[29] - $316 million of expected incremental revenue for 2026 won through 1Q 2025[27]

As filed with the U.S. Securities and Exchange Commission On January 21, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 4731 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of ...

As filed with the U.S. Securities and Exchange Commission On December 31, 2024 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 Suite 901-903, 9th Floor, Building #2, Qianwan Zhigu Chuanhua Smart CenterScience and Technology City Block Xiaoshan Economic and Technological Development Zone Xiaoshan District, Hangzhou, Zhejiang Province, China ...