Cheetah Net shareholders approve reverse stock split (1:10 to 1:30) and amended stock plan

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Reverse stock split authorized at ratio between 1-for-10 and 1-for-30, as determined by board of directors.
Amended & Restated 2024 Stock Incentive Plan approved, removing automatic annual share increase; plan reserves 2.5M Class A and 500K Class B shares.
Over 129 million Class A and B shares voted for reverse split; all Class B shares voted in favor (123.75M).
Special meeting held September 30, 2024; voting results reported on October 4, 2024.
Third proposal to adjourn meeting if needed also passed with approx. 129.7M votes for.

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