MingZhu Logistics and Huawei Logistics Enter Strategic Cooperation Agreement

SHENZHEN,China,March 3,2021 --MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ),a leading trucking service provider,announced a significant new strategic cooperation with Guangdong Huawei Modern Logistics Co.,Ltd ("Huawei Logistics"). The cooperation agreement will leverage MingZhu's trucking fleets and logistics expertise to provide a crucial,integrated link to and from Huawei Logistics' CHINARAILWAYExpress operation ("CRexpress").

Huawei Logistics,located in Guangdong Province,is a private enterprise that provides China-Europe railway freight services. In 2020,CRexpress launched 12,400 lines,and transported 1,135,000 twenty-foot equivalent unit containers ("TEUs") nationwide,representing year-on-year growth of 50% and 56%,respectively. (Source: www.gov.cn)

Mr. Jinlong Yang,Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited,commented,"Huawei Logistics built CRexpress into an expansive transportation platform connecting the Greater Bay Area with other countries in Asia and Europe. This new cooperation agreement is aligned with our expansion strategy,as we seek to maximize the return of our core assets,while leveraging our expertise and leadership position. We expect this cooperation with Huawei Logistics,will further solidify MingZhu's role in helping to enable the rapid growth the country is undergoing by facilitating the cost effective,reliable transport of goods across long distances."

About MingZhu Logistics Holdings Limited (NASDAQ: YGMZ)

Founded in 2002,NASDAQ listed,Shenzhen,China based,MingZhu is 4A-grade trucking services provider,offering both network density and broad geographic coverage to meet customers' diverse transportation needs. The Company operates two regional terminals in Guangdong Province and Xinjiang Autonomous Region,respectively,with both self-owned fleets of tractors and trailers and subcontractors' fleets. More information about MingZhu can be found at: www.szygmz.com/en/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans,objectives,goals,strategies,future events or performance,and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may,"will,"intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters,it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including,but not limited to,the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the trucking services market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons,among others,investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC,which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information,please contact:

At the Company:

Mr. Dennis Tan

Email: company@szygmz.com

Phone: (+86) 150-1854-1833

Investor Relations:

Ms. Sherry Zheng

Weitian Group LLC

Email: shunyu.zheng@weitian-ir.com

Phone: +1 718-213-7386

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