Freight App, Inc. Provides 2021 Revenue Guidance of $22 Million to $23 Million

Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) announced that Freight App, Inc. (Fr8App), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has signed a definitive Merger Agreement, provided full year 2021 revenue guidance and company updates.

Javier Selgas, CEO of Fr8Hub, said, “2021 has been a successful year of transformation, including our numerous transportation logistics innovations, which deliver compelling value adds for both of our shipper clients and carrier partners.

“In the fourth quarter of 2021, the logistics market began to improve, overcoming a very challenging environment including the adverse effects of COVID 19, commercial truck driver shortages, diesel price shocks, and a severely constrained commercial logistics chain throughout North America. Building upon our revenue for the first nine months of 2021 of $16.2 million, we expect full year 2021 revenue to grow to between $22 million and $23 million, which represents an increase of at least 140% over 2020. We anticipate becoming part of a publicly traded company in 2022, which we expect will provide us with additional organic and inorganic opportunities. We are proud of our numerous achievements that position us to grow and drive shareholder value in 2022 and beyond.”

Select Accomplishments Year-to-date through November 2021

Grew loads carried to almost 25,000, up from approximately 9,200 for 2020.

Increased average miles travelled by servicing more direct shipments to approximately 2,300 from approximately 1,500 in 2020.

Increased lanes operated by 500% year over year.

Tripled shipper client count to 395, up from 130 at the end of 2020.

Broadened the industries served, which now include consumer goods, packaging, automotive, raw materials, manufacturing, and logistics.

Renewed agreements with all top shipper clients.

Expanded the carrier partner base to over 2,400 from 1,700 at the end of 2020.

Launched numerous major new product offerings: broker portal, Carta Porte compliance with cross-border reporting requirements, EDI interfaces v1.0 and v2.0, internal pricing tool, offer manager, and automated onboarding.

Formed six collaboration agreements with key players in the logistics industry yielding integrations, including RC Control, P44, DAT, RMIS, Dangil Distribution Center, and Mesilla Valley Transportation.

Invested in human capital, hiring engineers and sales team members to support the increasing foothold in Mexico and the strategic expansion in the US and Canada.

Strengthened executive leadership with key additions at various levels across the company, including the new Chief Operating Officer.

About Freight App, Inc.

Freight App, Inc. (Fr8App), formerly known as FreightHub, Inc., makes shipping simple, transparent, and efficient. A transportation logistics technology platform company, Fr8App focuses on truckload freight for domestic and cross-border markets in Mexico, the US and Canada. As an innovative digital freight marketplace, broker, transportation management system (TMS) and public API, Fr8App uses its proprietary technology platform to connect carriers and shippers that significantly improves matching and operation efficiency via innovative technologies such as live pricing and real-time tracking.

About Hudson Capital Inc.

Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. The traditional business segments include commercial payment advisory, intermediary bank loan advisory and international corporate financing advisory services which help clients to meet their commercial payment and investment needs. For more information, about Hudson Capital, please see the documents filed by Hudson Capital with the SEC at www.sec.gov.

In connection with the proposed merger, Hudson Capital intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a Registration Statement on Form S-4 (the “Form S-4”) which was filed with the SEC on November 12, 2020, as amended on December 31, 2020, February 8, 2021, May 18, 2021, June 22, 2021, August 4, 2021 and September 1, 2021, and includes and serves as a proxy statement/prospectus for Hudson Capital’s shareholders and a prospectus for Fr8App’s stockholders. Promptly after the Form S-4 is declared effective by the SEC, Hudson Capital will mail the definitive proxy statement/prospectus and a proxy card to each shareholder entitled to vote at the special meeting on the merger and the other proposals set forth in the proxy statement. SHAREHOLDERS OF HUDSON CAPITAL ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE MERGER THAT HUDSON CAPITAL WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HUDSON CAPITAL, FREIGHTAPP AND THE MERGER. The definitive proxy statement/prospectus and other relevant materials in connection with the merger (when they become available), and any other documents filed by Hudson Capital with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov).

Participants in the Solicitation

Hudson Capital and its directors and executive officers may be deemed participants in the solicitation of proxies from Hudson Capital’s shareholders with respect to the merger. A list of the names of those directors and executive officers and a description of their interests in Hudson Capital are included in the prospectus/proxy statement for the proposed merger and are available at www.sec.gov. Additional information regarding the interests of such participants will be contained in the prospectus/proxy statement for the proposed merger when available. Information about Hudson Capital’s directors and executive officers and their ownership of ordinary shares of Hudson Capital is set forth in Hudson Capital’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on May 5, 2021. These documents can be obtained free of charge from the sources indicated above.

Fr8App and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of Hudson Capital in connection with the proposed merger. A list of the names of such directors and executive officers and information regarding their interests in the proposed merger are included in the prospectus/proxy statement for the proposed merger, and are available at www.sec.gov.