Here are 1-3 brief analogies for Cheetah Net Supply Chain Service:

• Like a specialized B2B Carvana, but they source luxury cars from the U.S. and sell them to dealers in China, profiting from market price differences.
• They operate like an 'Uber for luxury car shoppers,' using a large network of independent agents to procure specific vehicles from U.S. dealers for resale to Chinese dealers.

• Parallel-Import Vehicles: The company procures luxury automobiles from the U.S. market and resells them to parallel-import car dealers in both the U.S. and China.

Cheetah Net Supply Chain Service (CTNT) sells primarily to other companies.

The company's major customers are:

• U.S. parallel-import car dealers
• PRC (People's Republic of China) parallel-import car dealers

The provided background information does not list the specific names of these customer companies, nor does it indicate if any are public companies.

Huan Liu, Chief Executive Officer and Chairman of the Board

Mr. Liu has served as CEO and Chairman of the Board of Directors since August 2016, and is the founder of Cheetah Net Supply Chain Service Inc.. He possesses extensive experience in real estate, private equity, and car imports and exports. He is responsible for the company's day-to-day operations, high-level strategizing, and business planning. From August 30, 2024, until February 18, 2025, Mr. Liu also served as the interim Chief Financial Officer.

Cindy Tang, Chief Financial Officer

Ms. Tang was appointed as the Chief Financial Officer of Cheetah Net Supply Chain Service Inc. on February 18, 2025. Prior to this, she served as the company's Director of Finance since May 2024. From July 2023 to May 2024, Ms. Tang held the position of Interim Chief Financial Officer at Elong Power Holdings Limited, a battery products manufacturer.

Xianggeng Huang, Director

Mr. Huang previously served as the chairman of the board of directors of Fuzhou Yisheng Mechanical and Electrical Equipment Co., Ltd. for 20 years. In that role, he was responsible for running the board, consulting executives on company issues, challenges, and opportunities, and high-level strategizing and business planning.

Huibo Deng, Independent Director

Mr. Deng has been a visiting professor at the Chinese Academy of Management Sciences since September 2021, where he teaches various management and finance courses. He has held various corporate management roles since 2017 and has experience in business consulting, relationship management, and finance management. Mr. Deng was elected as a director and the new chair of the audit committee, effective July 2, 2024.

Catherine Chen, Independent Director

Ms. Chen previously served as an investment director at Xiamen Chenshen Investment Co., Ltd., where she was responsible for the development and execution of financial investment strategies. Before that, she was a marketing manager at Xiamen Jieou Automotive Electronics Co., Ltd., focusing on brand promotion.

Key Business Risks for Cheetah Net Supply Chain Service (CTNT)

Cheetah Net Supply Chain Service (CTNT) faces several key risks inherent to its business model of supplying parallel-import vehicles from the U.S. to the PRC market:

1. Manufacturer Restrictions on Parallel Imports: Manufacturers and their distributors actively take measures to limit or reduce opportunities for parallel-import vehicle dealers. These measures include adding provisions in sales agreements that restrict the export of purchased automobiles and maintaining "Suspect Customer Databases" to monitor and limit sales to customers suspected of purchasing vehicles for export. This directly threatens CTNT's ability to procure luxury vehicles from the U.S. market.
2. High Turnover and Reliance on Purchasing Agents: The company's core business relies on a large network of independent contractors acting as purchasing agents to procure automobiles. A high turnover rate among these part-time, commission-based agents is explicitly identified as a particular challenge, as agents may quit without notice. Maintaining a sufficient number of professional purchasing agents is crucial for ensuring a steady supply of vehicles and meeting purchasing demand.
3. Customer Concentration: Cheetah Net Supply Chain Service has experienced significant fluctuations and, at times, a highly concentrated customer base. As of March 31, 2023, the company had only three active customers (one U.S. customer and two PRC customers). Such high customer concentration poses a significant risk, as the loss of even a single major customer could materially and adversely affect the company's sales and financial performance.