LAKESIDE ENTERS INTO LOGISTICS AGREEMENT WITH LEADING E-COMMERCE PLATFORM

Empowers Online Marketplace Sellers with Seamless Cross-Border Fulfillment

Itasca, IL, July 31, 2024 (GLOBE NEWSWIRE) -- Lakeside Holding Limited (“Lakeside” or the “Company”) (Nasdaq: LSH), a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market operating under the brand American Bear Logistics (ABL), today announced that the Company has entered into a one-year agreement with automatic annual renewals with a leading Asia-based e-commerce platform (the “Marketplace”) to provide cross-border fulfillment services. This collaboration is set to enhance the cross-border shopping experience for sellers by providing a comprehensive suite of logistics services tailored to their unique needs, including entry service on air and ocean freight, customs declaration, freight recovery services at destination,  parcel handling services, and assistance with parcel delivery.

This partnership will leverage the Company’s state-of-the-art technology and dedicated IT team to streamline the entire fulfillment process for the Marketplace. Through seamless API integration, the Marketplace will directly link with Lakeside's robust logistics platform, ensuring real-time visibility and control over the supply chain. This integration will empower sellers with up-to-the-minute updates on order status, inventory levels, and delivery timelines, fostering a transparent and efficient cross-border shopping experience.

Lakeside's expertise in navigating complex international shipping regulations and customs procedures will, allow sellers to focus on their core business. Additionally, Lakeside's extensive network of global partners and carriers will enable sellers to offer their customers various reliable and cost-effective shipping options, further enhancing the customer experience.

“Our collaboration reaffirms our commitment to providing cutting-edge logistics solutions that empower e-commerce businesses to thrive in the global marketplace,” said Henry Liu, Chairman & CEO of Lakeside. “Partnering with a leading and growing e-commerce platform that generated $18 billion of gross market value of transactions in 2023 is a testament to our dedicated team that we have earned the trust of a premiere partner, and we look forward to the opportunity to deliver world-class service to their valued sellers.”

About Lakeside Holding Limited

Lakeside Holding Limited, based in Itasca, IL, is a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market, including China and South Korea. Operating under the brand American Bear Logistics, we primarily provide customized cross-border ocean freight solutions and airfreight solutions in the U.S. that specifically cater to our customers’ requirements and needs in transporting goods into the U.S. We are an Asian American-owned business rooted in the U.S. with in-depth understanding of both the U.S. and Asian international trading and logistics service markets. Our customers are typically Asia- and U.S.-based logistics service companies serving large e-commerce platforms, social commerce platforms, and manufacturers to sell and transport consumer and industrial goods made in Asia into the U.S. For more information, please visit https://lakeside-holding.com.  

Safe Harbor Statement

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Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com