SHENZHEN, China, July 17, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (NASDAQ:BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that its board of directors (the "Board") has appointed Ms. Rongrong (Rita) Jiang as the successor to Mr. Xiangjun Wang to serve as an independent director, and a member of the Audit Committee of the Board (the "Audit Committee"), the Compensation Committee of the Board (the "Compensation Committee"), and the Nominating and Governance Committee of the Board, respectively, effective July 15, 2024. Ms. Rongrong (Rita) Jiang has over a decade of expertise in entrepreneurship, senior execu

SHENZHEN, China, Dec. 24, 2024 /PRNewswire/ -- In the process of globalization and international market competition, Chinese enterprises face various opportunities and challenges. After years of engaging in bulk trade and supply chain services, BAIYU Holdings Limited has successfully accumulated a large number of high-quality overseas customers and suppliers. Leveraging its accumulated strength, the company is now embarking on a multifaceted global expansion into new sectors. In December 2024, BAIYU Holdings, Inc. signed an agreement with Adler International Ltd., an Egyptian company, to construct a renewable energy free-trade zone and logistics park in Egypt. The agreement outlines plans t

SHENZHEN, China, Dec. 24, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. has dispatched a professional operating team to launch a business in the dismantling of used cars and the sales of auto parts in the United States. The market size of the automotive dismantling and parts remanufacturing industry in the United States reaches hundreds of billions of USD, presenting tremendous development potential. In the automotive aftermarket, 80% of the parts are remanufactured components, occupying a significant position in the market. Previously, BAIYU Holdings Limited established BMYA NEW ENERGY TECHNOLOGY INC. This company primarily provides lithium iron phosphate batteries, lead-acid batteries, indust

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading will resume in BAIYU Holdings, Inc. (NASDAQ:BYU) at 9:00 a.m. Eastern Time on October 9, 2024. Trading in the company's stock was halted on September 5, 2024 at 7:50 p.m. Eastern Time. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq Media Contact:Sophia [email protected] NDAQO

SHENZHEN, China, Oct. 8, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. (NASDAQ:BYU) (the "Company" or "BAIYU"), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that it has filed timely a formal notice of appeal to a Hearings Panel of a Nasdaq Stock Market Listing Qualifications Staff's determination to delist the Company's securities from Nasdaq pursuant to Nasdaq Listing Rules 5101 and IM-5101-1. Following the receipt of notification from Nasdaq on October 4th, BAIYU determined to appeal the decision and intends to maintain that the Staff did not consider all relevant facts in making its delisting decision. BAIYU has retained Jacob Frenkel, Di

NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading was halted on September 5, 2024 in BAIYU Holdings, Inc. (NASDAQ:BYU) at 19:50:00 Eastern Time for information requested from the company at a last sale price of $1.02. Trading will remain halted until BAIYU Holdings, Inc. has fully satisfied Nasdaq's request for additional information. Additionally, the Securities and Exchange Commission effected a trading suspension in BYU from 09:30:00 on September 6, 2024 to 23:59:00 on September 19, 2024. More information about the SEC's order can be found at https://www.sec.gov/files/litigation/suspensions/2024/34-100956.pdf. For news and addi

BRADENTON, Fla., Sept. 4, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (NASDAQ:BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that the Company, through its subsidiary Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. ("Jintongyuan"), has signed a Letter of Intent (the "LOI") with Adler International Ltd. ("Adler"), a Cairo-based company, to cooperate in the construction and operation of charging and swapping stations in Cairo, Egypt. The LOI marks a significant breakthrough in the Company's global expansion into the energy storage in the Middle East and Africa ("MEA") region. Pursuant to the LOI, the C

BRADENTON, Fla., Aug. 29, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (NASDAQ:BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that the Company, through its subsidiary BMYA New Energy Technology Inc. ("BNET"), has signed a US$60 million purchase and sales contract (the "Contract") for electric lithium batteries with Feng's Auto Parts Inc., a U.S.-based auto parts supplier. The Contract represents the official debut of the Company's proprietary lithium battery brand into the U.S. market, advancing its strategic positioning in the new energy sector. Pursuant to the Contract, Feng's Auto Parts Inc. agrees to purc

BRADENTON, Fla., Aug. 27, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (NASDAQ:BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that the Company, through its wholly owned subsidiary Shenzhen Baiyu Jucheng Data Technology Co., LTD., has entered into a definitive share purchase agreement (the "Agreement") on August 21, 2024 with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. ("Jintongyuan"), a leading tech enterprise specializing in the R&D and production of high-performance energy storage batteries in China. This acquisition marks a pivotal milestone of the Company's ambitious strategy to expand into th

SHENZHEN, China, July 17, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (NASDAQ:BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that its board of directors (the "Board") has appointed Ms. Rongrong (Rita) Jiang as the successor to Mr. Xiangjun Wang to serve as an independent director, and a member of the Audit Committee of the Board (the "Audit Committee"), the Compensation Committee of the Board (the "Compensation Committee"), and the Nominating and Governance Committee of the Board, respectively, effective July 15, 2024. Ms. Rongrong (Rita) Jiang has over a decade of expertise in entrepreneurship, senior execu

SHENZHEN, China, July 9, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (NASDAQ:BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that on June 14, 2024, the Company, through its wholly owned subsidiary Legend Investment Holdings Co. Limited, completed the acquisition (the "Acquisition") of majority stake in Electra New Energy Vehicle Inc ("ENEV"), a U.S.-registered company based in Los Angeles specializing in the new energy vehicle ("NEV") sector. Following the closing of the Acquisition, BAIYU now holds a controlling interest of 60% in ENEV. The Acquisition aligns with BAIYU's comprehensive growth strategy, aimin

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