Cheetah Net CEO Huan Liu buys 100,000 Class B shares at $3.30 in $330,000 related-party placement

CHEETAH NET SUPPLY CHAIN SERVICE INC.

CEO, Chairman and Interim CFO Huan Liu purchased 100,000 Class B shares at $3.30 per share for aggregate gross proceeds of $330,000; the transaction closed October 9, 2026.
Class B common stock carries 15 votes per share versus 1 vote for Class A, so the issuance increases Liu's voting influence at Cheetah Net.
Board approved the deal as a related-party transaction through a committee of disinterested directors; shares were sold as restricted securities without general solicitation.
Purchase price could not be less than the Nasdaq Minimum Price (Listing Rule 5635(d)) or the consolidated closing bid of Class A stock before signing (Rule 5635(c)), absent stockholder approval.
Agreement notes a 1-for-150 reverse stock split of the company's Class A and Class B stock, market effective September 28, 2026; deal terms are stated post-split.

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