CHEETAH NET SUPPLY CHAIN SERVICE Business Summary

Cheetah Net Supply Chain Service Inc. (CTNT) operates as a logistics and warehousing service provider, generating revenue primarily through transaction-based fees for freight forwarding, cargo storage, and supply chain financing. Following a strategic pivot in 2024, the company divested its legacy parallel-import vehicle business to focus on the U.S.-China trade corridor. Its primary business segments now include warehousing services, ocean freight forwarding as a non-vessel-operating common carrier (NVOCC), and labor-intensive container services facilitated through its subsidiaries, Edward Transit Express Group and TW & EW Services Inc. Within the competitive landscape, Cheetah Net contends with wholesale and logistics firms such as Educational Development (EDUC), PTL (PTLE), Universal Security Instruments (UUU), and Ten-League International (TLIH). As a micro-cap niche player, the company is currently positioned in a high-stakes turnaround phase, leveraging recent acquisitions to scale its domestic U.S. logistics footprint. The company was founded by Tony Liu (Huan Liu), who has served as CEO and Chairman since 2016, bringing a background in private equity, real estate, and international automotive trade. The executive team is further strengthened by Chief Financial Officer Cindy (Xing) Tang, appointed in February 2025, who previously held senior finance roles at China XD Plastics and Elong Power Holdings. The Board of Directors includes independent members such as Huibo Deng, who chairs the audit committee, and Xiangan Ruan, a legal expert specializing in capital markets. While the company maintains a small institutional investor base including Citadel Advisors and Vanguard, it recently bolstered its liquidity through a $40.14 million private placement to non-U.S. investors in February 2026, coinciding with its corporate reincorporation into Delaware.