SHENZHEN, China, May 19, 2021 /PRNewswire/ -- MingZhu
Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ:
YGMZ), an elite provider of logistics and transportation services
to businesses, today announced today announced it has received a
notice of non-compliance from Nasdaq stating that, as a result of
not having timely filed its annual report on Form 20-F for the year
ended December 31, 2020, MingZhu is
not in compliance with Nasdaq Listing Rule 5250(c)(1), which
requires timely filing of periodic financial reports with the
Securities and Exchange Commission. This notice has no immediate
effect on the listing or trading of Mingzhu's shares on the
Nasdaq.
Under Nasdaq's listing rules, the Company has 60 calendar days
from the date of the notice to submit a plan to regain compliance.
If the plan is accepted by Nasdaq, the Company can be granted up to
180 calendar days from the Form 20-F's due date, or until
November 15, 2021, to regain
compliance.
MingZhu expects to file its Form 20-F or submit a plan to regain
compliance within the timeline prescribed by Nasdaq.
In the Company's May 17, 2021
press release, it noted that, "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