On March 25, 2026, Cheetah Net Supply Chain Service Inc. (the "Company") announced that it has entered into a Stock Purchase Agreement with Bing Shao, a non-U.S. individual, and Edward Transit Express Group, Inc., a wholly owned subsidiary of the Company. Under the terms of the agreement, the Company will sell 10,000 shares of common stock of its subsidiary, which is engaged in ocean package transportation and freight forwarding services, for an aggregate purchase price of $20,000. The transaction is expected to close within 20 calendar days after the execution of the agreement. This strategic move aims to streamline the Company's operations and reduce the potential adverse impact of the subsidiary's operations on the Company's overall results. The Company intends to focus on pursuing new strategic acquisition opportunities following this divestiture. Additionally, the agreement includes a support and restrictive covenant agreement, which imposes non-disparagement obligations on both parties. This transaction reflects the Company's ongoing efforts to optimize its business structure and enhance its operational efficiency.

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