Freight Technologies Inc (Fr8tech) announced that the company is evaluating a range of strategic alternatives for its online brokerage business, which may include a sale of the business.

This move aims to optimize the company's resource allocation, enhance overall operational efficiency, and create greater value for shareholders. At present, the company has initiated the relevant assessment procedures and will conduct a comprehensive review of the online brokerage business's operational status, market positioning, and future development potential. The management stated that they are committed to seeking the optimal strategic path to drive the company's long-term sustainable development.