Cheetah Net Sets Dec 3 Annual Meeting; CEO Liu's 53% Voting Control and $730K Related-Party Share Sales Disclosed
CTNT sits 25% above its 52-week low of $2.28 on light trading volume (0.1× avg).
Summary
Cheetah Net's definitive proxy sets the December 3 annual meeting and reveals CEO Huan Liu controls 53.3% of voting power through Class B stock, alongside $730,000 of related-party share sales to him — all as an activist investor campaigns to replace the entire board.
Key Events · Corporate Governance and Compliance · CTNT
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Annual Meeting Set for December 3
Virtual meeting December 3, 2026 at 7:00 p.m. ET; record date October 16, 2026. Votes cover five director nominees, auditor ratification and adjournment authority.
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CEO Controls 53.3% of Voting Power
Huan Liu holds 101,358 Class B shares (100% of the class) worth 15 votes each, giving him 53.30% of total voting power while holding no Class A shares.
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$730K of Class B Sold to CEO
200,000 Class B shares at $2.00 ($400,000, June 15, 2026) and 100,000 Class B shares at $3.30 ($330,000, closed October 9, 2026) were sold privately to CEO Huan Liu.
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Auditor Ratification on the Ballot
Tang Qian & Associates PLLC, auditor since January 6, 2026 after Assentsure PAC's dismissal, seeks ratification for fiscal 2026. Fees were $478,231 in 2025 vs $510,872 in 2024.
Analysis · CTNT · Trade & Services
This definitive proxy is the first full public accounting of Cheetah Net's governance as it heads into a December 3 shareholder vote, and it lands in the middle of an activist fight: Takeover Time 2026 LLC is running a consent solicitation to replace the entire five-member board, and the company's own proxy now shows why that fight matters. CEO Huan Liu holds 100% of the Class B stock, which carries 15 votes per share, giving him 53.30% of total voting power while owning almost no Class A — so the Class A holders voting at this meeting cannot outvote him on the director slate. The proxy also discloses two private sales of Class B stock to Liu himself: 200,000 shares at $2.00 in June 2026 and 100,000 shares at $3.30 that closed October 9, 2026, raising $730,000 total. Those are real cash injections into a company whose last 10-Q flagged going-concern considerations and ineffective internal controls, but they also concentrate control further. The board held zero meetings in fiscal 2025, and the Compensation and Nominating committees held none either — thin governance for a company facing a proxy contest. The auditor ratification is routine; Tang Qian replaced Assentsure PAC on January 6, 2026, and fees were roughly flat year over year.
How filings like this one have moved
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At the time of this filing, CTNT was trading at $2.85 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.7M. The 52-week trading range was $2.28 to $63,599.58. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.