Mingzhu Logistics Holdings Ltd. (China)

The Company engaged in a number of diverse business activities, including trucking services and car owner services. The Company also engaged in liquor distribution business.
The Company is not an operating company. It is a Cayman Islands holding company with its operations conducted through its subsidiaries in the PRC (the “Subsidiaries”) and through contractual arrangements with its variable interest entity (the “VIEs”).
- The Company's trucking services are provided through Mingzhu and its subsidiaries and newly acquired VIE Feipeng and its subsidiaries.
- The Company's car owner services are provided through Zhisheng.
- The Company's liquor distribution is conducted through Liquor Alliance.
Its customers are mainly sizeable third-party logistics companies, freight forwarders, warehouse operators, and other supply chain service providers in the PRC.
The Company has only one reportable segment.
HISTORY
2018 The Company is a holding company incorporated in the Cayman Islands on January 2, 2018 under the laws of the Cayman Islands.
2020 The Company s ordinary shares have been listed on the Nasdaq Capital Market under the symbol “YGMZ” since October 21, 2020
2021 The Company entered into a Share Purchase Agreement (the “SPA”) to acquire 100 of the equity interest of Cheyi (BVI) Limited (the “Cheyi BVI”) which operates its business through its subsidiary Zhejiang CheYi Network Technology Co., Ltd. (the “CheYi Network”), an integrated online car-hailing and driver management services company On December 29, 2021.
2022 On March 14, 2022, the Company entered into a Share Purchase Agreement with Yinhua which develops and operates a comprehensive auto related service platform to serve auto insurance companies, and each of the shareholders of the Yinhua. On March 18, 2022, the parties completed the transaction.
On December 21, 2022, the Company entered into a Share Purchase Agreement with Feipeng BVI which provides regional trucking services, and each of the shareholders of the Feipeng BVI. On December 21, 2022, the parties completed the transaction.
2023 On May 26, 2023, the Company entered into a Share Purchase Agreement with Liquor Alliance Investment (BVI) Limited (“Alliance BVI”) which operates its liquor distribution business through its variable interest entity Xiamen Alliance Liquor Industry Group Co., Ltd. (formerly known as Guizhou Minzusheng Liquor Co., Ltd.) in China.
2024 On July 1, 2024, each eight shares of the Company, par value 0.001, per share were combined and reclassified into one new share of ordinary share, par value 0.008 per share. The ordinary share of the Company commenced trading on a split-adjusted basis at the open of trading on July 1, 2024.
On September 10, 2024, the Company entered into an acquisition agreement with HOLDCO 36, pursuant to which, among other things and subject to the terms and conditions contained therein, the Company intend to effect an acquisition of the HOLDCO 36. Upon consummation of the Acquisition, the HOLDCO 36 shall become a wholly owned subsidiary of the Company.
On October 21, 2024, the Company, along with its indirect wholly owned subsidiary, Shenzhen Yangang Mingzhu Freight Industries Co., Ltd., (“Shenzhen Mingzhu”), as the purchaser, entered into a software purchase agreement (the “Software Purchase Agreement”) with H P International Holdings Limited, a company incorporated in Hong Kong (the “Seller”), with respect to a certain Simulation Modeling Subsystem and Physical Simulation Subsystem of Intelligent Logistics Simulation System and related assets (the “Software”).