Takeover Time seeks to replace entire Cheetah Net board ahead of annual meeting

• Cheetah Net urged shareholders to reject Takeover Time's full-board replacement campaign ahead of its December 3, 2026 annual meeting.
• Takeover Time seeks to replace all five directors through written consent, which could take effect before the meeting.
• The activist group challenged equity dilution, financial reporting controls and capital allocation; the board unanimously opposes its proposals.
• The company requires 1,426,229 consent votes, including voting rights from a disputed issuance of 100,000 Class B Common Stock shares to Huan Liu.
• A Delaware lawsuit challenging that issuance remains pending, with a preliminary injunction proceeding tentatively scheduled for November 18, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cheetah Net Supply Chain Service Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-119229), on October 27, 2026, and is solely responsible for the information contained therein.