SHENZHEN, Nov. 07, 2025 — Mingzhu Logistics Holdings Limited (“Mingzhu” or the “Company”) (Nasdaq: YGMZ), a leading logistics and transportation service provider, announced today a 1-for-16 reverse stock split of its outstanding ordinary shares, with a par value of $0.008 each. The reverse split will take effect at the start of trading on Wednesday, November 12, 2025.
The company’s ordinary shares will begin trading on Nasdaq on a split-adjusted basis on Wednesday, November 12, 2025. After the reverse split, the ordinary shares will have a new par value of $0.128 per share and will continue to be traded on Nasdaq under the symbol “YGMZ” with the new CUSIP number G6180C121. The purpose of the reverse stock split is to meet Nasdaq’s minimum bid price requirement of $1.00 per ordinary share for continued listing.
No fractional shares will be issued as a result of the reverse stock split. Any fractional shares will be rounded up to the nearest whole share. The reverse stock split will also apply to ordinary shares that may be issued upon the exercise of the company’s outstanding derivative securities, with appropriate adjustments to the exercise prices and the number of derivatives, as well as under the company’s equity incentive plans.
The reverse stock split will decrease the number of the company’s issued and outstanding ordinary shares from approximately 76.7 million to approximately 4.8 million.
The company’s shareholders approved the 1-for-16 reverse stock split on April 21, 2025.
VStock Transfer, LLC is the exchange agent and paying agent for the reverse stock split. Shareholders who hold their shares in book-entry form or through brokerage accounts do not need to take any action regarding the reverse stock split.
VStock Transfer, LLC will provide instructions to shareholders holding physical certificates on how to exchange their pre-split certificates for book-entry ownership or post-split share certificates. Shareholders with procedural questions should contact their bank, broker, or custodian.
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. Utilizing its regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings provides customized solutions for clients to deliver goods across a dense network and broad geographic coverage using a combination of owned and subcontracted fleets. More information is available at /.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 regarding the Company’s future expectations, plans and prospects. These statements involve plans, goals, objectives, strategies, future events, expected performance, assumptions, and other non-historical statements. Statements using words like “may,” “will,” “want,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “calculate,” or similar expressions are forward-looking statements. Actual results may differ materially from historical results or those expressed in the forward-looking statements due to various factors. These factors include the Company’s strategic objectives, future plans, market demand and user acceptance of products/services, technological advancements, economic trends, the growth of the Chinese trucking services market, company reputation and brand, industry competition, relevant policies and regulations, macroeconomic fluctuations in China, and the risks and assumptions in the Company’s reports to the CSRC (China Security Regulatory Commission). The potential acquisition has significant risks and uncertainties that may cause actual results to differ from those expressed or implied, including statements about potential benefits; the anticipated closing timeline (including failure to obtain regulatory approvals) and the possibility of non-completion; risks related to realizing anticipated benefits, including the possibility that expected benefits may not materialize or be realized within the expected timeframe; the risk of unsuccessful business integration; disruption from the potential acquisition making it difficult to maintain business and operational relationships; negative effects of announcing or completing the potential acquisition on the market price of common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions. Investors are advised not to rely on these forward-looking statements and are urged to review the Company’s SEC filings for additional factors affecting future results. The Company is not obligated to revise these statements publicly due to changes in events or circumstances after filing.
For further information, please contact.
MingZhu Logistics Holdings Limited:
Jingwei Zhang
Email:
Phone: +86 186-5937-1270
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