Cheetah Net (CTNT) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for November 7, 2025, at 7:00 p.m. ET and will be held virtually.

• Stockholders will vote on electing five directors, ratifying the auditor, approving a reverse stock split, authorizing potential share issuance, and possible adjournment.

• The record date for voting is September 29, 2025, with both Class A and Class B shares eligible, each with different voting power.

• Proxy materials are available online and by mail, with efforts to reduce environmental impact.

Voting matters and shareholder proposals

• Proposals include electing five directors, ratifying Assentsure as auditor, approving a reverse stock split (1-for-5 to 1-for-20), authorizing issuance of shares upon convertible note conversion, and potential adjournment.

• Board recommends voting FOR all proposals.

• Voting rights: Class A shares have one vote each, Class B shares have 15 votes each.

• Reverse stock split requires majority approval from each class and combined voting groups.

• No appraisal rights are provided for dissenting stockholders.

Board of directors and corporate governance

• Five director nominees: Huan Liu (CEO/Chair), Xianggeng Huang, Xiangan Ruan, Huiping (Catherine) Chen, and Huibo Deng.

• Three of five directors are independent; board independence is 60%.

• Board committees: Audit, Compensation, and Nominating/Governance, all fully independent.

• Board chair and CEO roles are combined; no lead independent director.

• Governance practices include annual elections, code of ethics, clawback policy, and gender diversity (20% female).