Cheetah Net Supply Chain Service 1-for-16 reverse stock split effective Oct 21, 2024

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Reverse stock split at 1-for-16 ratio became effective at 9:00 a.m. ET on October 21, 2024.
Stockholders approved the reverse split range (1-for-10 to 1-for-30) at a special meeting on September 30, 2024; Board selected 1-for-16 on October 7, 2024.
No fractional shares issued; any fractional shares rounded up to the nearest whole share.
Class A common stock expected to begin trading on a split-adjusted basis on October 24, 2024, with new CUSIP 16307X202.
Proportionate adjustments made to the Amended and Restated 2024 Stock Incentive Plan, including shares available and exercise prices.

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