SHENZHEN, July 09, 2025 — MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), a leading provider of logistics and transportation services to businesses, announced today the signing of a non-binding memorandum of understanding (“MOU”) with ENEXTREND.VN COMPANY LIMITED (“Enextrend”) on July 7, 2025. Enextrend, a Vietnam-registered company, owns the emerging cross-border e-commerce platform, Muamau Mall. The partnership aims to combine their expertise and resources to create a highly efficient cross-border logistics and supply chain. The MOU is valid for two years, from July 7, 2025, to July 6, 2027, unless terminated earlier by either party. This cooperation is contingent upon due diligence investigations, the negotiation and execution of a definitive cooperation agreement, and the satisfaction of conditions, including approval from MingZhu’s board of directors. There is no guarantee that a definitive agreement will be reached or that the proposed cooperation will be realized. The Company will provide further updates as required by the U.S. Securities and Exchange Commission as the project progresses.

Both parties intend to form a strategic partnership based on shared resources and complementary strengths. MingZhu, as a logistics and supply chain management company, seeks to achieve mutual growth and strengthen the core competitiveness of both entities. It plans to offer Enextrend efficient and reliable logistics and supply chain services to support the rapid development of its e-commerce business and enhance customer experience. The Company aims to combine the resource advantages of both parties to promote market expansion and improve the intelligence level of the supply chain through the joint development of innovative logistics products and technologies. This will achieve product innovation and technological upgrades to meet evolving market demands. The planned cooperation aims to reduce operating costs, improve efficiency, increase customer satisfaction, and achieve mutual benefits for both parties, ultimately opening up a broader market.

About Enextrend

Enextrend is based in Ho Chi Minh City, Vietnam, and operates Muamau Mall, accessible at . Muamau Mall is a rising cross-border e-commerce platform, primarily focusing on fashion and sports products, while also offering daily necessities. Originating in Southeast Asia, it operates in Vietnam and the United States. Muamau Mall’s main strategy is to offer competitive prices and efficient logistics to meet consumer demand for affordable goods and fast delivery.

About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)

Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Utilizing its regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers customized solutions to clients, delivering goods through its network and broad geographic coverage across the country via a combination of self-owned fleets of tractors and trailers, and subcontractors’ fleets. For more information, please visit .

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 include those concerning plans, goals, objectives, strategies, future events, expected performance, assumptions, and any other statements of fact that have not yet occurred. Statements using terms such as “may,” “will,” “want,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “calculate,” or similar expressions that are not factual in nature should be considered forward-looking statements. Actual results may differ significantly from historical results or those projected 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 detailed in the Company’s reports provided to the CSRC (China Security Regulatory Commission). 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 revise these forward-looking statements publicly following the filing of these documents to reflect changes in events or circumstances.

For further information, please contact.

MingZhu Logistics Holdings Limited:

Jingwei Zhang
Email:
Phone: +86 186-5937-1270

“`