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

Bitget2026/11/05 22:22

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Cheetah Net’s board unanimously urged shareholders to reject Takeover Time’s campaign to replace all five directors ahead of the December 3, 2026 annual meeting.
Takeover Time seeks full board control through three mutually conditional written-consent proposals; replacement could take effect before the meeting.
The activist group has challenged dilution, financial-reporting controls and an October Class B Common Stock issuance to CEO Huan Liu.
Current voting calculations require 1,426,229 consents; excluding the disputed shares would lower the threshold to 676,229 votes.
A preliminary injunction hearing is tentatively scheduled for November 18, 2026; no final ruling on the issuance has been made.

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: 0001104659-26-123429), on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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

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