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GlobeNewswire·

Cheetah Net Supply Chain Service Inc. Statement Regarding Preliminary Stockholder Consent Solicitation

CTNT
  • Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) acknowledged a revised preliminary consent solicitation statement filed by Takeover Time 2026 LLC seeking to remove & replace the company's Board of Directors.
  • The Board emphasized its responsibility to protect stockholder interests through transparent financial reporting, effective internal controls, disciplined capital allocation, & independent oversight.
  • The company is reviewing the implications of the proposed board replacement, including effects on management oversight, contractual commitments, financing arrangements, & strategic initiatives.
  • Cheetah Net intends to file a preliminary consent revocation statement with the SEC along with a WHITE consent revocation card to oppose the solicitation by Takeover Time 2026 LLC.
  • The company encourages stockholders to evaluate candidate qualifications & independence before responding to the solicitation & to review all SEC filings for material information.
  • Cheetah Net operates in logistics, warehousing, & international trading, having expanded into industrial equipment trade following the May 2026 acquisition of Super International Trading Limited.
  • Participants in the solicitation include the company, board members, executives, & employees, with detailed ownership information available in the March 20, 2026 Form 10-K & on SEC Form 3 or Form 4 filings.
  • All relevant documents, including the consent revocation statement & amendments, are available free of charge at the SEC website (www.sec.gov) & the company's investor relations website (https://cheetah-net.com/).