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Cheetah Net Supply Chain Service Inc. Statement Regarding Preliminary Stockholder Consent Solicitation
IRVINE, Calif., Oct. 15, 2026 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) today announced that it acknowledges the revised preliminary consent solicitation statement filed by Takeover Time 2026 LLC seeking to remove and replace the Company’s Board of Directors.
The Board takes its responsibility to protect the interests of all stockholders seriously. Stockholders deserve transparent financial reporting, effective internal controls, disciplined capital allocation and independent oversight of significant financial and strategic decisions.
The Company is reviewing the implications of the proposed Board replacement, including the potential effects on management oversight, ongoing contractual commitments, financing arrangements and strategic initiatives. Stockholders should have an opportunity to evaluate the qualifications, independence, experience and proposed priorities of all candidates before deciding how to respond to the solicitation.
The Board’s focus remains on protecting stockholder value, strengthening governance and financial reporting, maintaining appropriate oversight of the Company’s assets and obligations, and providing stockholders with material information necessary to make an informed decision.
The Company intends to communicate further information as appropriate and encourages stockholders to review the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) and any subsequent definitive solicitation materials carefully before taking action.
About Cheetah Net Supply Chain Service Inc.
Cheetah Net Supply Chain Service Inc. is engaged in two principal business areas: logistics and warehousing and international trading. The Company’s logistics and warehousing business includes logistics coordination, warehousing and general labor support services. Following its acquisition of Super International Trading Limited in May 2026, the Company also commenced the international trading of large-scale industrial equipment. Through its ongoing business development and strategic acquisitions, Cheetah continues to seek opportunities to diversify its operations, expand its product and service offerings and develop additional sources of revenue.
This press release contains certain forward-looking statements, including statements that are predictive in nature. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect the Company. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s filings with the SEC, including under the caption “Risk Factors.”
