SHENZHEN, July 03, 2025 (GLOBE NEWSWIRE) -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a Share Purchase Agreement (the "SPA") to acquire 100% equity of Shenzhen Mingzhuchun Wine Co., Ltd. (“Mingzhuchun”), which operates its liquor distribution business through its two subsidiaries Xiamen Bainian Qianzhuang Wine Group Co., Ltd. and Ningde Mingfu Wine Co., Ltd. in ...

Core Viewpoint - Mingzhu Logistics Holdings Limited has regained compliance with Nasdaq Listing Rule 5550(a)(2) after maintaining a closing bid price of $1.00 or greater for twenty consecutive trading days [1][2]. Compliance and Monitoring - The Nasdaq Hearings Panel determined that the company has met the compliance requirements as of May 20, 2025, following a review of the company's stock performance [1][2]. - A Discretionary Panel Monitor will be imposed for one year to ensure the company addresses any future compliance concerns and maintains long-term compliance with Nasdaq's listing requirements [3]. Company Overview - Mingzhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a 4A-rated professional trucking service provider [4]. - The company offers tailored logistics solutions through a combination of self-owned fleets and subcontractors, leveraging its regional logistics terminals in Guangdong Province [4].