Cheetah Net CFO resigns; CEO steps in, $50K separation

Cheetah Net Supply Chain Service Inc. reported that its chief financial officer, Cindy Tang, resigned effective May 29, 2026.

Rhea-AI Filing Summary

Cheetah Net Supply Chain Service Inc. reported that its chief financial officer, Cindy Tang, resigned effective May 29, 2026. The board states her resignation was not due to any disagreement over the company’s operations, policies, or practices.

Chairman and CEO Huan Liu has begun serving as interim CFO and is acting as the company’s principal financial and accounting officer. On June 4, 2026, the company and Ms. Tang entered into a Separation Agreement and Mutual General Release. In exchange for confidentiality, non-disparagement, return of property, and a broad release of claims, the company agreed to a US$50,000 stock incentive payment, to be settled in cash, subject to her execution and non-revocation of the agreement.

Positive

• None.

Negative

• CFO resignation and interim finance structure: Chief Financial Officer Cindy Tang resigned effective May 29, 2026, and CEO Huan Liu has assumed interim CFO and principal accounting officer duties, temporarily concentrating financial oversight in a single individual.

Insights

Corporate governance analyst

CFO resigns, CEO assumes interim finance role amid $50K separation deal.

The departure of CFO Cindy Tang concentrates leadership responsibilities at Cheetah Net, with CEO Huan Liu also acting as interim CFO and principal accounting officer. The company indicates her resignation was not due to disagreements over operations, policies, or practices.

The dual role can simplify decision-making but may reduce checks and balances in the finance function until a new CFO is appointed. The US$50,000 cash-settled stock incentive under the separation agreement is modest, suggesting a relatively small direct financial impact.

The board plans to search for internal and external candidates to fill the CFO position. Subsequent disclosures about the timing and profile of the new appointee will help clarify how the company intends to strengthen its financial leadership and restore a dedicated finance head.

8-K Event Classification

3 items: 1.01, 5.02, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Separation payment: US$50,000 cash-settled stock incentive CFO resignation effective date: May 29, 2026 Separation agreement date: June 4, 2026 +1 more

4 metrics

Separation payment US$50,000 cash-settled stock incentive Consideration under Separation Agreement and Mutual General Release

CFO resignation effective date May 29, 2026 Effective date of Cindy Tang’s resignation as CFO

Separation agreement date June 4, 2026 Date company and Cindy Tang signed Separation Agreement

Final paycheck date May 29, 2026 Date Cindy Tang received her final paycheck

Key Terms

Separation Agreement and Mutual General Release, non-disparagement, principal financial officer, principal accounting officer, +1 more

5 terms

Separation Agreement and Mutual General Release financial

"the Company entered into a Separation Agreement and Mutual General Release with Ms. Tang"

non-disparagement financial

"Ms. Tang agreed to abide by certain confidentiality, return of property, non-disparagement, and other continuing obligations"

A non-disparagement provision is a promise in an agreement that one party will not make negative public statements about the other, like a vow to avoid “badmouthing” a business or its leaders. Investors care because such promises protect reputation and can limit public criticism that might affect a company’s stock price, signal unresolved disputes, or introduce legal risk if enforcement leads to further costs or constrained disclosure.

principal financial officer financial

"Huan Liu, has started serving as the interim CFO and assuming the duties of the principal financial officer"

The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.

principal accounting officer financial

"and principal accounting officer of the Company, effective immediately upon Ms. Tang’s departure"

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

emerging growth company regulatory

"Emerging growth company x"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Cheetah Net (CTNT) CFO Cindy Tang resign?

Cindy Tang resigned as Cheetah Net’s CFO effective May 29, 2026. She informed the company that her resignation was not due to any disagreement regarding its operations, policies, or practices, according to the company’s disclosure in this current report.

Who is serving as interim CFO at Cheetah Net (CTNT) after Cindy Tang’s resignation?

Following Cindy Tang’s resignation, Chairman and CEO Huan Liu began serving as interim CFO. He is also acting as Cheetah Net’s principal financial officer and principal accounting officer until the board completes a search for a permanent replacement.

What are the key terms of Cindy Tang’s separation agreement with Cheetah Net (CTNT)?

The separation agreement requires Cindy Tang to honor confidentiality, return of property, non-disparagement, and other obligations while releasing claims against the company. In return, Cheetah Net agreed to provide a US$50,000 stock incentive payment, settled in cash, subject to her execution and non-revocation.

How much is Cheetah Net (CTNT) paying its former CFO under the separation agreement?

Cheetah Net agreed to provide Cindy Tang a stock incentive payment of US$50,000, to be settled in cash, less applicable withholdings and deductions. This payment is tied to her covenants and release of claims under the Separation Agreement and Mutual General Release.

What ongoing obligations does former CFO Cindy Tang have to Cheetah Net (CTNT)?

Under the separation agreement, Cindy Tang agreed to confidentiality, return of company property, non-disparagement, and other continuing obligations. She also released any claims related to her employment, association with, or separation from Cheetah Net and its affiliates and related parties.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 04:16 PM EDT Learn about SEC filing dates

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United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

May 29, 2026

Date of Report (Date of earliest event reported)

Cheetah Net Supply Chain Service Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-41761		81-3509120
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

8707 Research Drive, Irvine, California		92618
(Address of Principal Executive Offices)		(Zip Code)

(949) 740-7799

Registrant’s telephone number, including area code

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock		CTNT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01. Entry into a Material Definitive Agreement.

On May 29, 2026, Cindy Tang, chief financial officer (“CFO”) of Cheetah Net Supply Chain Service Inc. (the “Company”), submitted a letter of resignation pursuant to which she resigned as the Company’s CFO, effective May 29, 2026, which has been accepted by the board of directors of the Company (the “Board”). Ms. Tang has advised the Company that her resignation was not the result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.

The Board intends to conduct a search for potential internal and external candidates to fill the vacancy created by the resignation of Ms. Tang. In the meantime, the chairman of the Board and the chief executive officer of the Company, Huan Liu, has started serving as the interim CFO and assuming the duties of the principal financial officer and principal accounting officer of the Company, effective immediately upon Ms. Tang’s departure.

In connection with Ms. Tang’s resignation, on June 4, 2026, with approval of the Board, the Company entered into a Separation Agreement and Mutual General Release with Ms. Tang, which sets forth the terms of her separation from service with the Company (the “Resignation Agreement”). Pursuant to the terms of the Resignation Agreement, Ms. Tang agreed to abide by certain confidentiality, return of property, non-disparagement, and other continuing obligations set forth in the Resignation Agreement, and to release any and all claims against the Company and its affiliates and related parties that in any way relate to her employment with, association with, or separation from the Company. In exchange for Ms. Tang’s covenants and releases under the terms of the Resignation Agreement, and subject to her execution and non-revocation of the Resignation Agreement, the Company agreed to provide Ms. Tang with a stock incentive payment of US$50,000, to be settled in cash, less applicable withholdings and deductions. Ms. Tang received her final paycheck on May 29, 2026.

The foregoing description of the Resignation Agreement is qualified in its entirety by reference to the full text of the Resignation Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K. 

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth above in Item 1.01 of this Current Report on Form 8-K regarding Ms. Tang’s resignation is incorporated into this Item 5.02 by reference.

Item 9.01. Exhibits.

Exhibit No.		Description
10.1		Resignation Agreement dated June 4, 2026 by and between the Company and Cindy Tang
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 4, 2026

	Cheetah Net Supply Chain Service Inc.
	By:	/s/ Huan Liu
		Huan Liu
		Chief Executive Officer, Director, and Chairman of the Board of Directors

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 40.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB