Cheetah Net Supply Chain Service Appoints Mr. Xiangan Ruan as Director

On December 5, 2024, Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) announced the appointment of Mr. Xiangan Ruan to its board of directors. Mr. Ruan, a senior partner at Allbright Law Offices (Shanghai) since January 2005, brings a wealth of legal expertise and experience to the company. He holds a bachelor’s degree in Law from Sun Yat-sen University and an EMBA from Peking University.

The Company believes that Mr. Ruan’s background in business law makes him a highly qualified addition to the Board. In addition to his directorial role, Mr. Ruan will also serve on the Audit Committee and the Compensation Committee, assuming the chair position for the Nominating and Corporate Governance Committee.

Following his appointment, the Company extended a director offer letter to Mr. Ruan, which he accepted on December 5, 2024. Moreover, an indemnification agreement was entered into between Mr. Ruan and the Company to formalize their working relationship, further strengthening the governance structure.

Investors and stakeholders can access detailed information regarding the director offer letter and indemnification agreement in Exhibits 10.1 and 10.2, respectively, filed along with the Form 8-K. These documents provide transparency and insight into the terms of the agreements reached between Cheetah Net Supply Chain Service and Mr. Ruan.

The company’s move to enhance its board of directors reflects its commitment to governance excellence and strategic growth. Cheetah Net Supply Chain Service continues to fortify its leadership team to navigate evolving market dynamics and drive sustainable value creation for its shareholders.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Cheetah Net Supply Chain Service’s 8K filing here.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.