UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

MingZhu Logistics Holdings Limited

(Name of Issuer)

 

Ordinary shares, par value $0.001 per share

(Title of Class of Securities)

 

G6180C105

(CUSIP Number)

 

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. G6180C105

 

1.  

Names of Reporting Persons

 

Exquisite Elite Limited

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ☐        (b) ☐

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

British Virgin Islands

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

2,250,000 (1)

  6.  

Shared Voting Power

 

0

  7.  

Sole Dispositive Power

 

2,250,000 (1)

  8.  

Shared Dispositive Power

 

0

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,250,000 (1)

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

11.  

Percent of Class Represented by Amount in Row (9)

 

18.2%(1)(2)

12.  

Type of Reporting Person (See Instructions)

 

OO

  

2

 

 

CUSIP G6180C105

 

1.  

Names of Reporting Persons

 

Zhuo Wang

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ☐        (b) ☐

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

China

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

0

  6.  

Shared Voting Power

 

2,250,000 (1)

  7.  

Sole Dispositive Power

 

0

  8.  

Shared Dispositive Power

 

2,250,000 (1)

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,250,000 (1)

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

11.  

Percent of Class Represented by Amount in Row (9)

 

18.2% (1)(2)

12.  

Type of Reporting Person (See Instructions)

 

IN

 

(1) See Item 4. Zhuo Wang is a director and holder of 86% of the outstanding shares of Exquisite Elite Limited. Consequently, he may be deemed the beneficial owner of the shares held by Exquisite Elite Limited and share voting and dispositive control over such securities.

 

(2) Based on 12,354,040 ordinary shares issued and outstanding as of December 4, 2020 as reported in Exhibit 99.1 to the Issuer’s Form 6-K filed with the Securities and Exchange Commission on December 31, 2020.

 

3

 

 

Item 1(a). Name of Issuer

 

MingZhu Logistics Holdings Limited (the “Issuer”)

 

Item 1(b). Address of the Issuer’s Principal Executive Offices

 

27F, Yantian Modern Industry Service Center

No. 3018 Shayan Road, Yantian District

Shenzhen, Guangdong, China 518081

 

Item 2(a). Names of Persons Filing

 

Exquisite Elite Limited and Zhuo Wang (collectively, the “Reporting Persons”)

 

Item 2(b). Address of the Principal Business Office, or if none, Residence:

 

Ritter House, Vistra Corporation Service Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands

 

Item 2(c). Citizenship

 

Exquisite Elite Limited is a limited company formed under the laws of the British Virgin Islands. Zhuo Wang is a citizen of China.

 

Item 2(d). Title of Class of Securities

 

Ordinary shares, $0.001 par value per share.

 

Item 2(e). CUSIP Number

 

G6180C105

 

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

  (a) Broker or Dealer registered under Section 15 of the Exchange Act.
     
  (b) Bank as defined in Section 3(a)(b) or the Exchange Act.
     
  (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act.
     
  (d) Investment company registered under Section 8 of the Investment Company Act.
     
  (e) An Investment adviser in accordance with Rule 13d-1 (b)(1)(ii)(e).
     
  (f) An employee benefit plan or endowment fund in accordance with Rule 13d 1(b)(1)(ii)(f).
     
  (g) A Parent Holding Company or control person in accordance with Rule 13d 1(b)(1)(ii)(g).

 

  (h) A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act.
     
  (i) A Church Plan that is excluded from the definition of an investment company under Section 3 (c)(14) of the Investment Company Act.
     
  (j) Group, in accordance with Rule 13d-1 (b)(1)(ii)(j).
     
    Not applicable

 

4

 

 

Item 4. Ownership

 

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

 

As of December 31, 2020, the Reporting Persons may be deemed to beneficially own 2,250,000 of the Issuer’s ordinary shares, representing 18.2% of the total ordinary shares issued and outstanding.

 

The percentage of ordinary shares held by the Reporting Persons is based on 12,354,040 ordinary shares issued and outstanding as of December 4, 2020 as reported in Exhibit 99.1 to the Issuer’s Form 6-K filed with the Securities and Exchange Commission on December 31, 2020.

 

Exquisite Elite Limited is the record holder of the shares reported herein. Zhuo Wang is a director and holder of 86% of the outstanding shares of Exquisite Elite Limited. Consequently, he may be deemed the beneficial owner of the shares held by Exquisite Elite Limited and share voting and dispositive control over such securities.

 

Item 5. Ownership of Five Percent or Less of a Class

 

Not Applicable

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

Not Applicable

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not Applicable

 

Item 8. Identification and Classification of Members of the Group

 

Not Applicable

 

Item 9. Notice of Dissolution of Group

 

Not Applicable

 

Item 10. Certification

 

Not Applicable

  

5

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

DATE: February 16, 2021

 

  EXQUISITE ELITE LIMITED
     
  By: /s/ Zhuo Wang
  Name:   Zhuo Wang
  Title: Director

 

  /s/ Zhuo Wang
  Zhuo Wang

 

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations

(See 18 U.S.C. 1001)

   

6

 

 

EXHIBIT 1

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the ordinary shares, $0.001 par value per share, of MingZhu Logistics Holdings Limited, and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.

 

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

 

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 16, 2021. 

 

  EXQUISITE ELITE LIMITED
     
  By: /s/ Zhuo Wang
  Name:   Zhuo Wang
  Title: Director

 

  /s/ Zhuo Wang
  Zhuo Wang

 

 

 

 

 

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