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MingZhu Logistics Faces Potential Delisting from Nasdaq

On February 14, 2025, MingZhu Logistics Holdings Limited, a prominent player in the logistics and transportation sector, announced it received a delisting notice from Nasdaq. This notice comes as a result of the company's ordinary shares having closed below $1 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). While typically companies are granted a 180-day grace period to regain compliance, MingZhu is unable to do so due to a reverse stock split conducted on July 1, 2024.

Given these circumstances, MingZhu has until February 20, 2025, to formally appeal the delisting determination. The appeal process will temporarily halt the delisting while the hearing is under consideration, allowing the company to continue trading its shares on The Nasdaq Capital Market.

In response to this challenge, MingZhu is actively exploring various strategies to meet the listing requirements once again. This includes the possibility of seeking approval from shareholders for another reverse stock split, which could adjust the share price back above the necessary threshold.

MingZhu has established itself as a notable logistics service provider since its inception in 2002. The company is based in Shenzhen, China, and is known for its strong operational capabilities across various regions, especially in Guangdong Province and the Xinjiang Autonomous Region. With a network that utilizes both owned and contracted fleets, MingZhu is dedicated to providing tailored logistical solutions designed to cater to its clients' needs.

Investors are advised to remain vigilant amid these developments. The company's track record in the trucking service market and its strategic planning will be crucial as it navigates these challenges. Signs of recovery in the stock price or successful appeals will be critical for those invested in MingZhu and its future on the stock market.

MingZhu's case stands as a reminder of the complexities surrounding public trading and the factors that can lead to regulatory scrutiny. As the company prepares for its upcoming hearing, its stakeholders eagerly await updates and clarity on the future course of action.

For more information regarding the company's logistics services or to track its appeal progress, visit MingZhu's Investor Relations.