Cheetah Net Supply Chain Service Acknowledges Revised Statement Regarding Board Replacement

05:16 PM EDT, 10/15/2026 (MT Newswires) -- Cheetah Net Supply Chain Service (CTNT) said late Thursday it acknowledged Takeover Time 2026's revised preliminary consent solicitation statement seeking to remove and replace the company's board of directors. The company said it is reviewing the implications of the proposed board replacement, including the potential impact on management oversight, ongoing contracts, financing arrangements and strategic initiatives. Stockholders should get the chance to evaluate the qualifications, independence, experience and priorities of all candidates before deciding how to respond to the solicitation, the company said. Shares of Cheetah Net Supply Chain Service were down more than 3% in after-hours trading.