Cheetah Net Supply Chain Service enters agreement to acquire Super International

Cheetah Net Supply Chain Service (CTNT) announced that it has entered into a Share Transfer Agreement to acquire 100% of the equity interests of Super International Trading, a limited liability company incorporated under the laws of Hong Kong, primarily engaged in the trading of large-scale industrial equipment, from a non-U.S. individual. The Company believes that Super International has an established presence in the industrial equipment trading sector, supported by supplier relationships and a diversified customer base, which may provide a solid foundation for continued growth and operational scalability. The aggregate purchase price for the Acquisition is approximately $4.98 million, which will be paid in cash. The closing of the Acquisition is expected to occur within three months of the execution of the Agreement, subject to customary closing conditions