Cheetah Net sells Edward Transit Express subsidiary for $20,000

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Sold all 10,000 shares of wholly owned subsidiary Edward Transit Express for $20,000 cash.
Closing expected within 20 days of March 25, 2026.
Subsidiary engaged in ocean package transportation and freight forwarding.
Rationale: streamline operations, reduce adverse impact on results, focus on new acquisitions.
Seller and buyer agreed to mutual non-disparagement obligations and seller released subsidiary claims.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CHEETAH NET SUPPLY CHAIN SERVICE INC. entered into Stock Purchase Agreement with Bing Shao valued at $20,000 (effective 2026-03-25).

Action: entry
Agreement: asset purchase
Counterparty: Bing Shao
Value: $20,000
Effective: 2026-03-25

Exact text from the filing

On March 25, 2026, Cheetah Net Supply Chain Service Inc., a Delaware corporation (the “Seller” or the “Company”), entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Bing Shao, a non-U.S. individual (the “Buyer”), and Edward Transit Express Group, Inc., a California corporation and a wholly owned subsidiary of the Seller (the “Subsidiary”).

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299 material agreements filed in the last 30 days. Browse all material agreements →

CHEETAH NET SUPPLY CHAIN SERVICE INC. filing history →

Source: SEC EDGAR

accession 0001104659-26-034519

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