SHENZHEN, China, March 3, 2021 /PRNewswire/ -- MingZhu
Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ:
YGMZ), a leading trucking service provider, announced a significant
new strategic cooperation with Guangdong Huawei Modern Logistics
Co., Ltd ("Huawei Logistics"). The cooperation agreement will
leverage MingZhu's trucking fleets and logistics expertise to
provide a crucial, integrated link to and from Huawei Logistics'
CHINARAILWAYExpress operation ("CRexpress").
Huawei Logistics, located in
Guangdong Province, is a private
enterprise that provides China-Europe
railway freight services. In 2020, CRexpress launched 12,400 lines,
and transported 1,135,000 twenty-foot equivalent unit containers
("TEUs") nationwide, representing year-on-year growth of 50% and
56%, respectively. (Source: www.gov.cn)
Mr. Jinlong Yang, Chairman and
Chief Executive Officer of MingZhu Logistics Holdings Limited,
commented, "Huawei Logistics built
CRexpress into an expansive transportation platform connecting the
Greater Bay Area with other countries in Asia and Europe. This new cooperation agreement
is aligned with our expansion strategy, as we seek to maximize the
return of our core assets, while leveraging our expertise and
leadership position. We expect this
cooperation with Huawei Logistics, will further solidify MingZhu's
role in helping to enable the rapid growth the country is
undergoing by facilitating the cost effective, reliable transport
of goods across long distances."
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-owned 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. Dennis
Tan
Email: company@szygmz.com
Phone: (+86) 150-1854-1833
Investor Relations:
Ms. Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
View original
content:http://www.prnewswire.com/news-releases/mingzhu-logistics-and-huawei-logistics-enter-strategic-cooperation-agreement-301239465.html
SOURCE MingZhu Logistics Holdings Limited