SHENZHEN, China, May 17, 2021 /PRNewswire/ -- MingZhu
Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ:
YGMZ), an elite provider of logistics and transportation services
to businesses, today announced its Audit Committee has dismissed
Friedman LLP ("Friedman") as the Company's independent auditor and
engaged Singapore-based Audit
Alliance LLP, as its new independent auditor, effective today.
The Company's Audit Committee reached its decision to engage
Audit Alliance LLP as the new independent registered public
accounting firm of the Company after thorough evaluation and with
the concurrence of the Board of Directors. There have been no
disagreements between Friedman and the Company on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedures that would have caused Friedman to
make reference to the subject matter of the disagreement in
connection with its report on the Company's consolidated financial
statements. In addition, the previous auditor's reports of
Friedman on the Company's consolidated financial statements did not
contain any adverse opinion or a disclaimer of opinion, and none of
those reports was qualified or modified as to uncertainty, audit
scope, or accounting principles.
In light of the change in its auditor, the Company will not be
filing its Form 20-F by its require filing date of May 17, 2021. The Company expects to
complete preparation of its financial statements and review them
with the new auditors shortly and will complete its Form 20-F
filing as soon as is practical.
About MingZhu Logistics Holdings Limited (NASDAQ:
YGMZ)
Founded in 2002, NASDAQ listed, Shenzhen, China based, MingZhu is 4A-grade
trucking services provider, offering both network density and broad
geographic coverage to meet customers' diverse transportation
needs. The Company operates two regional terminals in Guangdong Province and Xinjiang Autonomous
Region, respectively, with both self-own fleets of tractors and
trailers and subcontractors' fleets. More information about MingZhu
can be found at: www.szygmz.com/en/
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the trucking services market in China and the other international markets the
Company plans to serve; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the international markets the
Company plans to serve and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the
Company with the SEC. For these reasons, among others, investors
are cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company's filings with the SEC, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward–looking statements to reflect events
or circumstances that arise after the date hereof.
For more information, please contact:
At the
Company:
Mr. Jingwei
Zhang
Email:
company@szygmz.com
Phone: (+86)
186-5937-1270
|
Investor
Relations:
David
Pasquale
Global IR
Partners
New York Office
Phone: +1-914-337-8801
YGMZ@globalirpartners.com
|
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SOURCE MINGZHU LOGISTICS