Haoxin Holdings Secures $31.2 Million in Strategic Financing Through Mermaid Money Partnership to Fuel Acquisitions and Expansion

Ningbo, Zhejiang, China--(Newsfile Corp. - June 30, 2026) - Haoxin Holdings Limited (NASDAQ: HXHX) ("Haoxin" or the "Company") today announced the execution of two cornerstone financing agreements with Mermaid Money, unlocking up to $31.2 million in new capital to accelerate its strategic growth initiatives.

Under the Note Purchase Agreement, Haoxin Holdings will issue and sell two senior convertible promissory notes totaling $1.2 million in principal, convertible into the Company's Class A ordinary shares. In addition, Mermaid Money has committed to purchase up to $30 million of Haoxin Holdings' Class A ordinary shares through a new Equity Line of Credit Agreement.

The agreements provide Haoxin Holdings with immediate and flexible access to growth capital. As part of the arrangement, the company will file a registration statement to register the potential resale of securities issued under the equity line, including shares issuable upon exercise of related warrants. This expanded financial capacity positions Haoxin Holdings to pursue new opportunities for acquisitions and to build upon its proven and profitable business model.

Haoxin Holdings Limited operates one of China's most extensive temperature-controlled transportation and urban delivery networks, serving 30 of the country's 34 provinces and regions. The company specializes in factory logistics, transporting electronic devices, chemicals, fruit, food, and commercial goods through a fleet of large and medium-sized temperature-controlled vehicles and urban delivery vans.

"With the new partnership and financing in place, Haoxin Holdings is poised to further strengthen its service offerings and market presence across China," said Zhengjun Tao, Chief Executive Officer of Haoxin Holdings.

About Haoxin Holdings Limited:

Haoxin Holdings Limited is a leading provider of temperature-controlled truckload transportation and urban delivery services in China, utilizing large and medium-sized logistics vehicles for factory logistics and intra-city deliveries. The company's transportation network covers 30 out of the 34 provinces and autonomous regions in China. For more information, please visit the Company's website: www.ir.haoxinholdings.com

Cautionary Note Regarding Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than statements of historical fact and include, without limitation, statements regarding the Company's intentions, plans, and ability to regain compliance with Nasdaq's continued listing requirements, including any potential reverse stock split. Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the Company's control, that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the Company's ability to successfully implement any of its plans to regain compliance and external market factors. The Company does not undertake any obligation to update any forward-looking statements, except as required by law.

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