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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/11/22 MingZhu Logistics Holdings Ltd. 20-F 12/31/21 106:10M EdgarAgents LLC/FA |
Document/Exhibit Description Pages Size
1: 20-F Annual Report HTML 1.69M
2: EX-2.4 Description of Securities HTML 45K
5: EX-10.10 English Translation of Working Capital Loan HTML 97K
Agreement Dated October 15, 2020, by and Between
Communications Bank and Shenzhen Yangang Mingzhu
Freight Industry Co., Ltd
6: EX-10.11 English Translation of Working Capital Loan HTML 33K
Supplementary Agreement Dated April 29, 2021, by
and Between Communications Bank and Shenzhen
Yangang Mingzhu Freight Industry Co., Ltd
3: EX-10.8 English Translation of Comprehensive Credit HTML 50K
Agreement, Dated November 5, 2021, by and Between
Everbright Bank and Shenzhen Yangang Mingzhu
Freight Industry Co., Ltd
4: EX-10.9 English Translation of Working Capital Loan HTML 51K
Agreement, Dated November 12, 2021, by and Between
Everbright Bank and Shenzhen Yangang Mingzhu
Freight Industry Co., Ltd
9: EX-13.1 Annual or Quarterly Report to Security Holders HTML 30K
10: EX-13.2 Annual or Quarterly Report to Security Holders HTML 30K
7: EX-12.1 Statement re: the Computation of Ratios HTML 34K
8: EX-12.2 Statement re: the Computation of Ratios HTML 34K
16: R1 Document And Entity Information HTML 107K
17: R2 Consolidated Balance Sheets HTML 167K
18: R3 Consolidated Balance Sheets (Parentheticals) HTML 38K
19: R4 Consolidated Statements of (Loss) Income and HTML 113K
Comprehensive (Loss) Income
20: R5 Consolidated Statements of Changes in HTML 78K
Shareholders? Equity
21: R6 Consolidated Statements of Cash Flows HTML 161K
22: R7 Nature of Business and Organization HTML 42K
23: R8 Summary of Significant Accounting Policies HTML 100K
24: R9 Cash and Cash Equivalents HTML 35K
25: R10 Accounts Receivable, Net HTML 39K
26: R11 Prepayments HTML 35K
27: R12 Other Receivables (Reclassification) HTML 36K
28: R13 Loans receivable HTML 32K
29: R14 Property and Equipment, Net HTML 38K
30: R15 Deposits HTML 33K
31: R16 Other Payables and Accrued Liabilities HTML 37K
32: R17 Credit Facilities HTML 72K
33: R18 Leases HTML 55K
34: R19 Related Party Balances and Transactions HTML 57K
35: R20 Employee Benefits Government Plan HTML 32K
36: R21 Income Taxes HTML 56K
37: R22 Shareholders' Equity HTML 45K
38: R23 Commitments and Contingencies HTML 36K
39: R24 Subsequent Events HTML 34K
40: R25 Reclassification HTML 32K
41: R26 Additional information (Unaudited) HTML 61K
42: R27 Condensed Financial Information of the Parent HTML 70K
Company (Unaudited)
43: R28 Accounting Policies, by Policy (Policies) HTML 163K
44: R29 Summary of Significant Accounting Policies HTML 52K
(Tables)
45: R30 Cash and Cash Equivalents (Tables) HTML 34K
46: R31 Accounts Receivable, Net (Tables) HTML 40K
47: R32 Prepayments (Tables) HTML 35K
48: R33 Other Receivables (Reclassification) (Tables) HTML 36K
49: R34 Property and Equipment, Net (Tables) HTML 35K
50: R35 Other Payables and Accrued Liabilities (Tables) HTML 36K
51: R36 Credit Facilities (Tables) HTML 69K
52: R37 Leases (Tables) HTML 53K
53: R38 Related Party Balances and Transactions (Tables) HTML 56K
54: R39 Income Taxes (Tables) HTML 53K
55: R40 Additional information (Unaudited) (Tables) HTML 58K
56: R41 Condensed Financial Information of the Parent HTML 72K
Company (Unaudited) (Tables)
57: R42 Nature of Business and Organization (Details) HTML 98K
58: R43 Summary of Significant Accounting Policies HTML 139K
(Details)
59: R44 Summary of Significant Accounting Policies HTML 62K
(Details) - Schedule of consolidated financial
statements
60: R45 Summary of Significant Accounting Policies HTML 41K
(Details) - Schedule of estimated useful lives of
assets
61: R46 Summary of Significant Accounting Policies HTML 43K
(Details) - Schedule of disaggregated information
of revenues
62: R47 Cash and Cash Equivalents (Details) HTML 35K
63: R48 Cash and Cash Equivalents (Details) - Schedule of HTML 40K
cash and cash equivalents
64: R49 Accounts Receivable, Net (Details) HTML 31K
65: R50 Accounts Receivable, Net (Details) - Schedule of HTML 37K
accounts receivable, net
66: R51 Accounts Receivable, Net (Details) - Schedule of HTML 39K
allowance for doubtful accounts
67: R52 Prepayments (Details) - Schedule of prepayments HTML 44K
68: R53 Other Receivables (Reclassification) (Details) HTML 31K
69: R54 Other Receivables (reclassification) (Details) - HTML 39K
Schedule of other receivables
70: R55 Loans receivable (Details) HTML 31K
71: R56 Property and Equipment, Net (Details) HTML 49K
72: R57 Property and Equipment, Net (Details) - Schedule HTML 44K
of property and equipment net
73: R58 Deposits (Details) HTML 31K
74: R59 Other Payables and Accrued Liabilities (Details) - HTML 45K
Schedule of other payables and accrued liabilities
75: R60 Credit Facilities (Details) HTML 136K
76: R61 Credit Facilities (Details) - Schedule of HTML 99K
short-term bank borrowings
77: R62 Credit Facilities (Details) - Schedule of HTML 49K
long-term bank borrowings
78: R63 Credit Facilities (Details) - Schedule of loans HTML 34K
from financial institutions
79: R64 Credit Facilities (Details) - Schedule of HTML 39K
long-term maturities borrowings
80: R65 Leases (Details) HTML 43K
81: R66 Leases (Details) - Schedule of capital lease HTML 61K
commitments for revenue equipment
82: R67 Leases (Details) - Schedule of revenue equipment HTML 47K
under capital lease
83: R68 Leases (Details) - Schedule of future minimum HTML 38K
lease payments under the non-cancellable operating
lease
84: R69 Related Party Balances and Transactions (Details) HTML 43K
- Schedule of due from related parties
85: R70 Related Party Balances and Transactions (Details) HTML 49K
- Schedule of due to related parties
86: R71 Related Party Balances and Transactions (Details) HTML 87K
- Schedule of collateral and guarantee made by
related parties
87: R72 Related Party Balances and Transactions (Details) HTML 31K
- Schedule of collateral and guarantee made by
related parties (Parentheticals)
88: R73 Income Taxes (Details) HTML 47K
89: R74 Income Taxes (Details) - Schedule of components of HTML 41K
income tax expenses
90: R75 Income Taxes (Details) - Schedule of deferred tax HTML 49K
assets
91: R76 Income Taxes (Details) - Schedule of HTML 45K
reconciliation of effective income tax rate
92: R77 Income Taxes (Details) - Schedule of taxes payable HTML 40K
93: R78 Shareholders' Equity (Details) HTML 125K
94: R79 Commitments and Contingencies (Details) HTML 35K
95: R80 Subsequent Events (Details) HTML 45K
96: R81 Additional information (Unaudited) (Details) HTML 33K
97: R82 Additional information (unaudited) (Details) - HTML 139K
Schedule of condensed combined statements of
income and comprehensive income
98: R83 Condensed Financial Information of the Parent HTML 102K
Company (Unaudited) (Details) - Schedule of parent
company balance sheets
99: R84 Condensed Financial Information of the Parent HTML 40K
Company (Unaudited) (Details) - Schedule of parent
company balance sheets (Parentheticals)
100: R85 Condensed Financial Information of the Parent HTML 77K
Company (Unaudited) (Details) - Schedule of parent
company statement of (loss) income and
comprehensive (loss) income
101: R86 Condensed Financial Information of the Parent HTML 71K
Company (Unaudited) (Details) - Schedule of parent
company statement of cash flows
104: XML IDEA XML File -- Filing Summary XML 202K
102: XML XBRL Instance -- f20f2021_mingzhulogis_htm XML 1.77M
103: EXCEL IDEA Workbook of Financial Reports XLSX 141K
12: EX-101.CAL XBRL Calculations -- mlh-20211231_cal XML 138K
13: EX-101.DEF XBRL Definitions -- mlh-20211231_def XML 1.03M
14: EX-101.LAB XBRL Labels -- mlh-20211231_lab XML 1.86M
15: EX-101.PRE XBRL Presentations -- mlh-20211231_pre XML 1.01M
11: EX-101.SCH XBRL Schema -- mlh-20211231 XSD 313K
105: JSON XBRL Instance as JSON Data -- MetaLinks 474± 652K
106: ZIP XBRL Zipped Folder -- 0001213900-22-025606-xbrl Zip 675K
Exhibit 10.8
Comprehensive Credit Agreement
Credit Receiver: Shenzhen Yangang Mingzhu Freight Industry Co., Ltd.
Address: 27th Floor, Yantian Modern Industry Service Center, No. 3018, Shayan Road, Shatoujiao Street, Yantian District, Shenzhen
Legal representative: Jinlong Yang
Tel: 0755- 25201 833
fax:
Credit Grantor: (Party B) China Everbright Bank Co., Ltd. Shenzhen Branch
Address: Everbright Bank Building, No. 26, Zizhu 7th Road, Zhuzilin 4th Road, Futian District, Shenzhen
Telephone: 0755-83053388
Fax: 0755- 83242955
In accordance with the relevant laws and regulations currently in force in the country, the Credit Receiver (hereinafter referred to as “Party A”) and the Credit Grantor (hereinafter referred to as “Party B”), based on the principles of equality, voluntariness, good faith, and through negotiation, hereby enter into this agreement, and abide by them together.
Chapter One Definition and Explanation
Article 1 Unless the context of this agreement requires other explanations, the following terms in this agreement have the meanings: Comprehensive credit extension: refers to the conditional commitment of Party B to provide one or more types of credit support to Party A.
Specific business: refers to the specific credit business such as loans, bank acceptance bills, trade financing, etc. provided by Party B to Party A, determined according to the comprehensive credit extension of Party B to Party A.
Maximum credit line: refers to the maximum balance of debt principals formed by various specific businesses that Party A can apply to Party B for use within the validity period of the comprehensive credit line stipulated in this agreement, determined according to the comprehensive credit line provided by Party B to Party A.
Specific credit line: refers to the maximum balance of the debt principal formed by a specific business that Party A can apply to Party B for use within the maximum credit line within the validity period of the comprehensive credit line stipulated in this agreement.
Used credit line: refers to the sum of the debt principal balance of a specific business that Party A has not repaid within the specific credit line within the validity period of the comprehensive credit line stipulated in this agreement.
Specific business contract: The corresponding contract or agreement signed by Party A and Party B on the specific business and the use of the specific credit line.
Chapter Two Maximum line of credit and specific line of credit
Article 2 (1) The maximum line of credit provided by Party B to Party A under this Agreement (total of domestic and foreign currencies, foreign currencies are converted into RMB at the benchmark exchange rate on the date of signing this Agreement): RMB fifteen million yuan (lowercase RMB 15,000,000.00).
(2) Both Party A and Party B jointly confirm that from the effective date of this agreement, the unsettled business credit line or business agreement under the Comprehensive Credit Agreement No. [ / ] will be included in the credit line management under this agreement, At the same time, all guarantees/guarantees under this agreement cover all outstanding business under the aforementioned Comprehensive Credit Agreement.
Article 3 Among the above-mentioned maximum credit lines, the specific credit lines for each specific business are as follows:
(1) General loans: The specific line of credit is RMB fifteen million yuan
(2) to (6) Not applicable
(7) Other agreements:
With the consent of both parties, within the maximum credit line in the performance of this agreement, each specific business variety (including but not limited to the above business variety) can still be adjusted and changed, and the credit lines can also be used in conjunction with each other.
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Chapter three Credit period
Article 4 The validity period of the maximum credit line is: from November 10, 2021 to November 9, 2022.
The term of the specific business is subject to the stipulations in the specific business contract, but the starting date of the specific credit line under each specific business item shall not be later than the expiration date (inclusive) of the effective use period of the above maximum credit line.
Chapter Four Maximum credit limit and use of specific credit limit
Article 5 Within the maximum credit line stipulated in this agreement and its effective period of use, Party A may apply to Party B for the use of each specific line of credit at one time or one by one; The name, amount and term of the specific business that Party A applies for shall be determined in accordance with this agreement.
Article 6 Provisions on Recycling: During the effective use period of the maximum credit line stipulated in this agreement, Party A can recycle the specific credit line, that is, after the debts under any specific business are fully paid off, the specific business occupied The specific credit line can continue to be used by new and similar specific businesses;
Article 7 When handling specific business, Party A and Party B shall sign a specific business contract. If the specific business contract is inconsistent with the provisions of this agreement, the specific business contract shall prevail. If Party A is a group customer identified by Party B in accordance with the “Guidelines for Risk Management of Credit Granting Business to Commercial Bank Group Customers” and other relevant laws and regulations, if the breach of contract stipulated in the specific business contract does not include the situations listed in Article 9 of this contract, the 9th Circumstances listed in Article shall be deemed as breaches of the specific business contract.
chapter Five Rate
Article 8 The interest rate, exchange rate and rate required to be determined in each specific business under this agreement, as well as the various fees payable by Party B, shall be separately agreed by Party A and Party B in the specific business contract, and shall be determined by the Party A and Party B. Each specific business contract signed by both parties shall prevail.
Chapter Six Adjustment of maximum credit limit and specific credit limit
Article 9 Party B shall have the right to adjust the maximum credit limit, specific credit limit and credit term, and have the right to terminate the provision of comprehensive credit to Party A and unilaterally stop payment when one of the following circumstances occurs during the performance of this contract or the specific business contract. Party A has not used the credit line, withdraws part or all of the used credit line in advance, and takes other measures according to law:
(1) The country’s monetary policy undergoes a major adjustment;
(2) The occurrence or potential of major financial risks in the area where Party A is located;
(3) Significant changes in the market related to Party A’s operations;
(4) Party A is experiencing or is about to suffer from major operational difficulties or risks;
(5) Party A has major institutional changes such as major mergers, acquisitions and reorganizations, divisions, mergers, and terminations, which Party B believes may affect the security of loans;
(6) Refusing to accept Party B’s supervision and inspection of the use of credit funds and related business and financial activities;
(7) Changing the original purpose of the loan without the written consent of Party B, misappropriating the loan or engaging in illegal or illegal transactions with bank loans;
(8) Providing false materials or concealing important business financial facts;
(9) Party A has the behavior of transferring property, evading funds, or evading debts;
(10) Party A, as a group customer identified by Party B in accordance with the “Guidelines for the Risk Management of Credit Granting Business to Commercial Bank Group Customers” and other relevant laws and regulations, makes use of false contracts with related parties to pay bills receivable and receivables without real trade background. Accounts and other claims are discounted or pledged to Party B to obtain funds or credit from Party B; or through affiliated transactions, intentionally evade bank claims.
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(11) Party A violates the commitments stipulated in this agreement;
(12) The guarantor of this agreement suffers from serious shortage of funds or major operational difficulties, which seriously affects its guaranty ability;
(13) The collateral or pledge used for guarantee is damaged or lost, endangering the safety of Party B’s creditor’s rights;
(14) The occurrence of any other event or occurrence of any other circumstance, according to Party B’s analysis or judgment, has caused or is about to result in a decrease in Party A’s solvency or damage to Party B’s rights and interests;
(15) Party A has not fulfilled the obligations stipulated in any specific business contract.
Article 10 After the signing of this agreement, Party A can apply in writing to adjust the specific credit line, and it can be adjusted after Party B’s written consent is not bound by the previous article. Party A’s written application and Party B’s written reply are deemed to be amendments to Article 3 of this Agreement, which have the same legal effect as this Agreement.
Chapter Seven Guarantee
Article 11 In order to ensure the repayment of the creditor’s rights under this agreement, the following guarantee methods are adopted:
(1) The guarantors Shenzhen Bangrui Aviation Service Co., Ltd., Jinlong Yang and Guizhi Yang signed with Party B the “Maximum Guarantee Contract” numbered GB39032111001-1, GB39032111001-2, GB390321110 01-3.
(2) The mortgagor Shenzhen Bangrui Aviation Service Co., Ltd. and Party B signed the “Maximum Mortgage Contract” No. GD39032111001-1.
Article 12 Although this chapter stipulates the way of guarantee for creditor’s rights, Party A and Party B still have the right to request Party A to provide another guarantee if Party B deems it necessary when handling specific business. by refusing to provide other guarantees.
Chapter Eight Party B’s Commitment
Article 13 Party A applies for the use of the specific credit line according to the agreement. The review situation independently decides whether to grant Party A a credit, the amount and duration of the credit line, etc., and the approval result shall be notified to Party A in a timely manner.
Chapter Nine Party A’s Commitment
Article 14 Pay off debts on time according to the specific business contract, and pay all payable expenses on time.
Article 15 The use of the funds within the specific credit line shall comply with the provisions of laws and regulations, this agreement and the specific business contract, and shall be subject to inspection by Party B at any time.
Article 16 During the credit period, submit real financial statements to Party B in a timely manner, and truthfully provide Party B with major domestic banks, bank accounts, balances of deposits and loans, and other relevant business information.
Article 17 If Party A is a group customer identified by Party B in accordance with the “Guidelines for Risk Management of Credit Granting Business to Commercial Bank Group Customers” and other relevant laws and regulations, within the credit granting period, it shall promptly report to Party B the situation of related party transactions of more than 10% of its net assets, including But not limited to:
(1) The relationship between the parties to the transaction;
(2) The transaction items and the nature of the transaction;
(3) The amount of the transaction or the corresponding proportion;
(4) Pricing policy (including transactions with no amount or only a nominal amount);
(5) Other circumstances as required by laws and regulations or Party B.
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Article 18 During the credit period, Party A shall provide guarantee for any third party or sign a contract with guarantee function with others, and shall notify Party B in writing in advance, and shall not affect the ability to pay off debts to Party B on time.
Article 19 During the credit period, the company shall undertake the following notification obligations:
(1) If the legal representative (person in charge) or the legal person’s domicile or business place is changed, as well as the increase or decrease of registered capital, equity and major investment changes, Party B shall be notified in writing within 15 days from the date of change or change, and provide relevant information.
(2) During the credit period, if Party A is involved in major lawsuits, arbitrations or other judicial procedures, administrative punishment procedures, or if there is a major change in Party A’s business and financial conditions, which may affect the realization of Party B’s creditor’s rights, Party A shall immediately notify in writing. Party B.
(3) During the credit period, Party A shall, regardless of any form of asset reorganization such as merger, acquisition, and division, or any form of contracting, leasing, etc., to change the right of operation of the enterprise, or to change the organizational structure and mode of operation of the enterprise. Party B shall be notified in writing two months in advance, and shall pay off all debts owed to Party B or fulfill the responsibility for debt repayment.
Article 20 Party A’s breach of this agreement or any of the specific business contracts shall constitute a breach of this agreement; Party B has the right to withdraw any funds under the maximum credit line in advance, reduce or cancel the unused credit line, and The right to terminate this agreement and specific business contracts.
Party A shall be obliged to make full compensation for any losses caused to Party B due to Party A’s breach of contract, including but not limited to all financing principal and interest and other payables (including but not limited to litigation fees, arbitration fees, preservation fees, auction fees and lawyers) fee, etc.).
Chapter 10 Effectiveness of agreement
Article 21 This agreement will take effect from the date when the legal representatives (persons in charge) of Party A and Party B or their entrusted agents sign or seal and affix the official seal or the special seal of the contract.
Chapter 11 Disputes and Resolution
Article 22 If there is a dispute between Party A and Party B in the performance of the agreement, they should first be resolved through friendly negotiation.
Chapter 12 Integrity of the agreement
Article 23 Each specific business contract signed by Party B and Party A in accordance with this Agreement is an effective part of this Agreement and constitutes a whole agreement.
Article 24 If Party A fails to perform the obligations stipulated in any specific business contract signed by Party A and Party B under this Agreement, it constitutes a breach of this Agreement. Party B may terminate this Agreement and recover all outstanding creditor’s rights in advance .
Article 25 With the written consent of Party B, Party A may authorize all or part of the credit line under this agreement to other units for use, and sign relevant specific business contracts with Party B in the name of the authorized unit. The “Power of Attorney for the Use of Credit Line” issued by Party B shall prevail.
Article 26 Party A does not need to specify the specific credit line of the specific business mentioned in Article 3 in the “Power of Attorney for the Use of Credit Line”/“Power of Attorney for the Use of the Repurchase Guarantee Line”.
Article 27 Party A must specify in the “Power of Attorney for the Use of Credit Lines” whether the authorized unit can sub-authorize.
Article 28 For matters not covered in this agreement, Party A and Party B may reach a separate written agreement as an appendix to this agreement. The appendix to this agreement is an effective part of this agreement and has the same legal effect as this agreement.
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Chapter 13 Others
Article 29 This agreement is made in four copies, one for Party A, two for Party B, and one for the mortgage registration department, each of which has the same legal effect.
Article 30 This agreement was signed in Shenzhen on November 5, 2021.
Article 31 does not apply
Article 32 If at any time any provision of this contract is or becomes illegal, invalid or unenforceable in any respect, the legality, validity or enforceability of other provisions of this contract shall not be affected or derogated from.
Article 33 not applicable
Article 34 not applicable
Article 35 Party A undertakes that in the event of a dispute arising from this contract, it agrees to choose the address listed in the following [1] method of service as the judicial service address; if the following address changes, it shall notify Party B in writing, without written notification, it is deemed that the judicial service address has not been changed.
[1] Written delivery address: Area A, 27th Floor, Yantian Modern Industry Service Center, No. 3018, Shayan Road, Shatoujiao Street, Yantian District, Shenzhen
[2] Electronic delivery address (optional): Fax number: E-mail: WeChat account:
Article 36 Other agreements: .
(This page is the page signed by both parties of the contract, no text)
Party A (seal)
Shenzhen Yangang Mingzhu Freight Industry Co., Ltd. [Corporate Seal Affixed Here]
Signature of Party A’s legal representative (or authorized representative):
| /s/ Jinlong Yang |
Party B (seal):
China Everbright Bank Co., Ltd. Shenzhen Branch [Corporate Seal Affixed Here]
Signature of Party B’s legal representative (or authorized representative):
5
| This ‘20-F’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 11/9/22 | ||||
| Filed on: | 5/11/22 | |||
| For Period end: | 12/31/21 | NT 20-F | ||
| 11/10/21 | ||||
| 11/5/21 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/18/22 MingZhu Logistics Holdings Ltd. 6-K 3/18/22 5:557K EdgarAgents LLC/FA 1/05/22 MingZhu Logistics Holdings Ltd. 6-K 1/05/22 4:536K EdgarAgents LLC/FA 3/05/21 MingZhu Logistics Holdings Ltd. F-1 13:5.1M EdgarAgents LLC/FA 5/22/20 MingZhu Logistics Holdings Ltd. F-1/A 7:4M EdgarAgents LLC/FA 4/23/20 MingZhu Logistics Holdings Ltd. F-1/A 5:3.7M EdgarAgents LLC/FA 2/18/20 MingZhu Logistics Holdings Ltd. F-1/A 6:4.8M EdgarAgents LLC/FA 12/18/19 MingZhu Logistics Holdings Ltd. F-1/A 10:5M EdgarAgents LLC/FA 9/27/19 MingZhu Logistics Holdings Ltd. F-1 14:4.4M EdgarAgents LLC/FA |