MingZhu Logistics Plans to Partner with Muamau Mall to Jointly Explore the Vietnam and the U.S. Markets

Rhea-AI Summary

MingZhu Logistics (NASDAQ: YGMZ) has signed a non-binding memorandum of understanding (MOU) with Enextrend, owner of Vietnam's Muamau Mall e-commerce platform, to explore strategic partnership opportunities. The two-year MOU, effective from July 7, 2025 to July 6, 2027, aims to establish cross-border logistics and supply chain efficiency.

The partnership focuses on resource sharing and complementary advantages, with MingZhu planning to provide logistics and supply chain services to support Enextrend's e-commerce business. The collaboration aims to promote market expansion, develop innovative logistics products, and improve supply chain intelligence to enhance customer experience and reduce operating costs.

Positive

• Potential expansion into Vietnamese and U.S. markets through strategic partnership
• Access to emerging cross-border e-commerce platform Muamau Mall
• Opportunity for product innovation and technology upgrades in logistics
• Potential for reduced operating costs and improved efficiency through resource sharing

Negative

• MOU is non-binding and subject to due diligence and definitive agreement
• No guarantee of successful completion of the proposed cooperation
• Implementation timeline and specific terms not yet defined

SHENZHEN, July 09, 2025 (GLOBE NEWSWIRE) --  MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on July 7, 2025, it executed a non-binding memorandum of understanding (“MOU”) with ENEXTREND.VN COMPANY LIMITED (“Enextrend”), a Vietnam registered company which owns the emerging cross-border e-commerce platform – Muamau Mall. The strategic partners plan to leverage their respective expertise and resources to build a high-performance cross-border logistics and supply chain efficiency. The term of the MOU is two-years, commencing from July 7, 2025 and ending on July 6, 2027, unless terminated earlier by both parties. Continuation of the cooperation contemplated by this MOU is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive cooperation agreement, satisfaction of the conditions negotiated therein including the approval of the Company’s board of directors. There is no assurance that a definitive agreement will be entered into or that the proposed cooperation will be consummated. The Company will provide further disclosure as required by the U.S. Securities and Exchange Commission as the project progresses.

Both parties plan to establish a strategic partnership based on resource sharing and complementary advantages. As a company focusing on logistics and supply chain management, MingZhu aims to achieve common development and enhance the core competitiveness of both parties. It plans to provide Enextrend with efficient and reliable logistics and supply chain services to support the rapid development of its e-commerce business and improved customer experience. The Company plans to combine the resource advantages of both parties to promote market expansion, and through the joint development of innovative logistics products and technologies, improve the intelligence level of the supply chain, and achieve product innovation and technology upgrades to meet the ever-changing market needs. The goal of the planned cooperation is to reduce operating costs, improve efficiency, enhance customer satisfaction, achieve other mutual benefits for both parties, and to jointly open up a broader market.

About Enextrend

Enextrend is headquartered in Ho Chi Minh City, Vietnam. It owns and operates the Muamau Mall with a website of muamau.com. Muamau Mall is an emerging cross-border e-commerce platform that focuses mainly on fashion and sports products but also offers other categories such as daily necessities. It originated in Southeast Asia and operates in Vietnam and the United States. Muamau Mall’s core strategy is to provide competitive prices and efficient logistics to meet consumers’ 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. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit ir.szygmz.com.

Forward-Looking Statements

The statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological advances, 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) For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company’s relevant SEC filings for additional factors that may affect the Company’s future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.

For further information, please contact.

MingZhu Logistics Holdings Limited:

Jingwei Zhang
Email: company@szygmz.com
Phone: +86 186-5937-1270

FAQ

What is the partnership between MingZhu Logistics (YGMZ) and Muamau Mall?

MingZhu Logistics has signed a non-binding MOU with Enextrend, owner of Muamau Mall, to explore strategic partnership opportunities in cross-border logistics and supply chain services.

How long is the MOU agreement between YGMZ and Muamau Mall?

The MOU has a two-year term, running from July 7, 2025 to July 6, 2027, unless terminated earlier by both parties.

What markets will MingZhu Logistics (YGMZ) expand into through this partnership?

The partnership aims to explore opportunities in the Vietnamese and U.S. markets through cross-border logistics and e-commerce collaboration.

What services will MingZhu Logistics provide to Muamau Mall?

MingZhu plans to provide efficient logistics and supply chain services to support Muamau Mall's e-commerce business development and improve customer experience.

Is the partnership between YGMZ and Muamau Mall finalized?

No, the partnership is based on a non-binding MOU and requires due diligence, negotiation of a definitive agreement, and board approval before being finalized.