Update: Lakeside Holding Partners With Leading Global Social Media and E-Commerce Platform to Streamline Cross-Border Fulfillment

Enhancing Logistics Operations with Advanced API Integration

Itasca, IL, Aug. 06, 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 a strategic agreement with one of the world’s most popular social media and e-commerce platforms (the “Platform”). This collaboration will provide sellers on the Platform with a comprehensive suite of customs brokerage services, including customs clearance and customs duty management.

Technology-Driven Efficiency

ABL's partnership goes beyond traditional logistics services, powered by its cutting-edge technology and team of experts. The Company's advanced API integration, developed in-house, directly connects with the Platform’s inventory system, enabling real-time data exchange for accurate order fulfillment and seamless communication.

Key Benefits for Platform Sellers:

• Simplified Customs Clearance: ABL's expertise ensures smooth and efficient customs processing.
• Efficient Pickup and Delivery: ABL's established network guarantees timely delivery.
• Real-Time Status Updates: Sellers have full visibility into their inventory throughout the process.
• Focus on Growth: By outsourcing their logistics needs to ABL, Platform sellers can focus more of their time on expanding their businesses.

“We are thrilled to partner with such a pioneer in the digital and social commerce space,” said Henry Liu, Chairman & CEO of Lakeside. “Our technical team's expertise and advanced API integration capabilities will enable us to deliver unparalleled logistics services, ensuring their products reach consumers quickly and efficiently. This partnership underscores the strength and stability of our business as we continue to provide leading solutions in the logistics sector.”

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.  
  
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Investor Relations Contact:

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