SHENZHEN, July 03, 2025 — MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (NASDAQ: YGMZ), a leading logistics and transportation provider for businesses, today announced it has signed a Share Purchase Agreement (the “SPA”) to acquire 100% of Shenzhen Mingzhuchun Wine Co., Ltd. (“Mingzhuchun”), which conducts its liquor distribution business through its subsidiaries Xiamen Bainian Qianzhuang Wine Group Co., Ltd. and Ningde Mingfu Wine Co., Ltd. in China.
According to the SPA, MingZhu will acquire 100% of Mingzhuchun by issuing 2,000,000 ordinary shares of Mingzhu upon closing. The shareholder of Mingzhuchun will receive an additional First Earnout Payment of 2,000,000 ordinary shares and a Second Earnout Payment of 2,000,000 ordinary shares if Mingzhuchun’s net income is at least US$1 million for the fiscal years 2025 and 2026, respectively.
The completion of the transaction outlined in the SPA is contingent upon meeting the closing conditions specified therein.
This acquisition is in line with Mingzhu’s previously stated strategic goal of expanding into China’s commercial liquor distribution sector, capitalizing on synergies with its existing business operations. As part of this strategy, the Company has been exploring partnerships with established liquor and spirits distributors in China to strengthen its nationwide distribution network, pending final agreements.
Mingzhuchun specializes in distributing high-quality liquor produced in Maotai Town, Guizhou—China’s most famous production center for baijiu (white liquor). As China’s national drink, baijiu is the dominant force in the domestic spirits market and a fixture at celebrations, family gatherings, and business events. Maotai Town’s liquors are particularly prized for their heritage and craftsmanship, making them the gold standard in the Chinese liquor industry.
About MingZhu Logistics Holdings Limited (NASDAQ: YGMZ)
MingZhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a 4A-rated professional trucking service provider. Operating from its regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers customized solutions to clients for delivering goods through its dense network and extensive geographic coverage across the country, utilizing a combination of self-owned fleets of tractors and trailers, and subcontractor fleets. For more information, please visit ir.szygmz.com.
Forward-Looking Statements
This press release contains statements regarding the Company’s future expectations, plans, and prospects that constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected performance, assumptions, and any other statements of fact that have not yet occurred. Statements containing words such as “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar expressions that are not factual are considered forward-looking statements. Actual results may differ significantly from historical results or those expressed in these forward-looking statements due to various factors. These factors include, but are not limited to, the Company’s strategic objectives, future plans, market demand and user acceptance of products or services, technological advancements, economic trends, the growth of the trucking services market in China, the Company’s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China’s macroeconomic conditions, and the risks and assumptions disclosed in the Company’s reports provided to the CSRC (China Security Regulatory Commission).
Furthermore, several factors could cause actual results to differ materially from those described in these forward-looking statements, including: the outcome of legal proceedings against Mingzhucun or other parties to the SPA following the announcement of the SPA and related transactions; MingZhu’s ability to meet NASDAQ listing standards after the transaction and in connection with its consummation; the inability to complete the SPA transactions due to failure to meet closing conditions; risks that the proposed transaction disrupts current plans and operations and potential difficulties in employee retention resulting from the SPA announcement and transaction consummation; costs associated with the proposed acquisition; changes in applicable laws or regulations; the ability of the post-transaction company to achieve its financial and strategic goals, affected by competition, among other things; the ability of the post-transaction company to grow and manage growth profitably, maintain customer relationships, and retain key employees; the possibility that the post-transaction company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described herein, as well as those discussed in other reports and public filings with the Securities and Exchange Commission (the “SEC”) by MingZhu.
Therefore, investors are advised not to rely on these forward-looking statements and are urged to review the Company’s relevant SEC filings for additional factors that may affect future operating results. The Company undertakes no obligation to publicly revise these forward-looking statements following the filing of these documents due to changes in specific events or circumstances.
For further information, please contact.
MingZhu Logistics Holdings Limited:
Jingwei Zhang
Email:
Phone: +86 186-5937-1270
