CHEETAH NET SUPPLY CHAIN SERVICE INC.

Cheetah Net Supply Chain Service Inc. reported Q2 2026 financial results, with total revenue increasing by 145.4% to $868,909. The company achieved a net income of $71,045 for the quarter, a significant improvement from a net loss of $512,528 in the prior year period. This turnaround was largely driven by the expansion into international trading through the acquisition of Super International Trading Limited and the divestment of Edward Transit Express Group, Inc. While the company's operating loss increased by 12.9% to $881,797, strategic restructuring and foreign exchange gains contributed to the overall positive net income.

Cheetah Net Supply Chain Service Inc. reported a net income of $71,045 for Q2 2026, a significant improvement from a $512,528 loss in Q2 2025. Total assets surged to $82.5 million as of June 30, 2026, up from $11.9 million at year-end 2025, driven by new financing and strategic investments. The company acquired Super International and disposed of Edward Transit Express Group, continuing its business transformation.

Cheetah Net Supply Chain Service Inc. reported a significant increase in Q2 2026 revenue, up 145.4% to $868,909, primarily driven by its new international trading segment following the acquisition of Super International Trading Limited. The company achieved a net income from continuing operations of $71,045 for the quarter, a substantial improvement from a net loss in the prior year, largely due to foreign exchange gains. Strategic actions included the acquisition and the divestment of its Edward Transit Express Group, Inc. to optimize its business structure. Despite an increased operating loss and a going concern warning, management believes current liquidity and strategic measures will support operations for at least 12 months.

Cheetah Net Supply Chain Service Inc. and AC Sunshine Securities LLC have mutually agreed to terminate their Sales Agreement, effective June 26, 2026. This agreement previously allowed the company to offer and sell Class A common stock through an "at-the-market" offering. Prior to the termination, Cheetah Net sold an aggregate of 2,775,000 shares of Class A common stock (adjusted for a 1-for-200 reverse stock split) through the Sales Agent, with no outstanding fees or expenses due upon termination.

Cheetah Net Supply Chain Service Inc. entered into a Securities Purchase Agreement with its Chief Executive Officer, Huan Liu, to sell 200,000 shares of Class B common stock. The shares were sold at $2.00 per share, generating aggregate gross proceeds of $400,000 for the company. This private placement transaction was approved by the Board of Directors as a related-party transaction.

Cheetah Net Supply Chain Service Inc. announced the resignation of its Chief Financial Officer, Cindy Tang, effective May 29, 2026. The company's Chairman and CEO, Huan Liu, will assume interim CFO duties while a search for a permanent replacement is conducted. In connection with her departure, Ms. Tang will receive a $50,000 cash incentive payment and has entered into a separation agreement that includes mutual releases and ongoing obligations.

Cheetah Net Supply Chain Service Inc. announced the completion of its acquisition of Super International Trading Limited. The acquisition, initially disclosed on April 16, 2026, was finalized on May 27, 2026. Super International Trading, a Hong Kong-based company specializing in large-scale industrial equipment trading, is now a wholly-owned subsidiary of Cheetah Net.

Cheetah Net Supply Chain Service Inc. reported a significant 80.7% decrease in Q1 2026 revenue to $92,700, primarily due to global trade uncertainty. Despite the revenue decline, the company reduced its operating loss by 20.4% to $764,319 and net loss from continuing operations by 18.3% to $616,265, driven by cost-saving measures. Strategically, Cheetah Net completed a private placement and an ATM financing, and entered an agreement to acquire a Hong Kong-based industrial equipment trading company to expand its business platform. The company's total assets and stockholders' equity significantly increased, though it noted ongoing operating losses raise going concern doubts.

Cheetah Net Supply Chain Service Inc. reported a net loss of $(616,265) for Q1 2026, an improvement from $(753,909) in Q1 2025, despite a significant revenue decrease to $92,700. The company's total assets surged to $50.99 million from $11.86 million, largely due to $40.14 million in proceeds from a private placement and a corresponding deposit on a long-term investment. The company is undergoing a business transformation, shifting its focus from parallel-import vehicle sales (discontinued in March 2025) to logistics and warehousing services, and completed a 1-for-200 reverse stock split in April 2026.

Cheetah Net Supply Chain Service Inc. announced plans to acquire a Hong Kong-based industrial equipment trading company, expected to close in May, as part of its long-term growth strategy. For the first quarter of 2026, the company reported a significant revenue decrease of 80.7% to $92,700, primarily due to global trade pressures and reduced customer demand in its logistics and warehousing business. Despite the revenue decline, the net loss from continuing operations decreased by 18.3% to $616,265, driven by cost discipline and operational efficiency measures. The company also completed private placement and ATM financings to strengthen its capital base.