CHEETAH NET SUPPLY CHAIN SERVICE INC. 10-Q

Item 5. Other Information Naiside Transaction On June 30, 2026, Naiside and Shanghai Kesheng entered into an agreement to terminate the Partnership Agreement (the “Termination Agreement”). Pursuant to the Termination Agreement, the parties agreed to immediately terminate the Partnership Agreement. Shanghai Kesheng agreed to return the full amount of RMB 280,000,000 to Naiside as soon as practicable. The parties further agreed that all rights and obligations arising under the Partnership Agreement, including their respective partnership rights, contribution obligations, and arrangements relating to the allocation of profits and losses, would terminate, and that neither party would pursue claims against the other arising from the performance of the Partnership Agreement, except with respect to the rights and obligations arising under the Termination Agreement. On August 10, 2026, Naiside and Shanghai Kesheng entered into a first amendment to the Termination Agreement (the “First Amendment”) to establish the repayment arrangements, overdue interest, and liability for default. Pursuant to the First Amendment, Shanghai Kesheng is required to repay the full RMB 280,000,000 to Naiside in a single lump-sum payment on or before December 30, 2026, without deduction of any handling fee, service fee, management fee, or other charge or expense. Shanghai Kesheng’s repayment obligation will be deemed fully discharged only upon Naiside’s receipt of the full amount in immediately available funds in its designated bank account. If the full amount is not repaid by December 30, 2026, the outstanding principal will accrue overdue interest commencing on December 31, 2026, at a rate of 5% per annum, calculated on a simple-interest basis based on the actual number of days overdue. Loan Agreements During the quarter ended June 30, 2026, the Company entered into five unsecured short-term loan agreements with Hongkong Sanyou Petroleum Co Limited and Asia Finance Investment Limited, pursuant to which the Company made loans in an aggregate principal amount of $11.01 million. On May 14, 2026, the Company entered into a one-year unsecured short-term loan agreement with Hongkong Sanyou Petroleum Co Limited. The principal amount of the loan is $4,000,000. This loan carries an annual interest rate of 5.0% and is set to mature in 12 months, with an option to extend for an additional 12 months. As of June 30, 2026, no principal repayments or accrued interest payments had been collected on this loan, with remaining principal of $4,000,000 and interest of $26,111 outstanding. On May 21, 2026, the Company entered into a one-year unsecured short-term loan agreement with Hongkong Sanyou Petroleum Co Limited. The principal amount of the loan is $4,000,000. This loan carries an annual interest rate of 5.0% and is set to mature in 12 months, with an option to extend for an additional 12 months. As of June 30, 2026, no principal repayments or accrued interest payments had been collected on this loan, with remaining principal of $4,000,000 and interest of $22,222 outstanding. On May 11, 2026, the Company entered into a one-year unsecured short-term loan agreement with Asia Finance Investment Limited for a principal amount of $1,000,000. This loan carries an annual interest rate of 5.0% and is set to mature in 12 months. As of June 30, 2026, no principal repayments or accrued interest payments had been collected on this loan, with remaining principal of $1,000,000 and interest of $6,944 outstanding. On May 21, 2026, the Company entered into a one-year unsecured short-term loan agreement with Asia Finance Investment Limited for a principal amount of $600,000. This loan carries an annual interest rate of 5.0% and is set to mature in 12 months. As of June 30, 2026, no principal repayments or accrued interest payments had been collected on this loan, with remaining principal of $600,000 and interest of $3,333 outstanding. On June 26, 2026, the Company entered into a one-year unsecured short-term loan agreement with Asia Finance Investment Limited for a principal amount of $1,410,000. This loan carries an annual interest rate of 5.0% and is set to mature in 12 months. As of June 30, 2026, no principal repayments or accrued interest payments had been collected on this loan, with remaining principal of $1,410,000 and interest of $783 outstanding. The foregoing descriptions of the loan agreements do not purport to be complete and are qualified in their entirety by reference to the full text of the respective loan agreements, which are filed as Exhibits 10.10, 10.11, 10.12, 10.13 and 10.14 to this Quarterly Report on Form 10-Q and incorporated herein by reference. ​ 56 Table of Contents Item 6. Exhibits The exhibits listed below are filed as part of this quarterly report on Form 10-Q. Index to Exhibits ​ Exhibit ​ ​ ​ Incorporated by Reference (Unless Otherwise Indicated) Number ​ ​ ​ Exhibit Title ​ ​ ​ Form ​ ​ ​ File ​ ​ ​ Exhibit ​ ​ ​ Filing Date ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2.1 ​ Plan of Conversion ​ 8-K ​ 001-41761 ​ 2.1 ​ February 3, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3.1 ​ Certificate of Incorporation ​ 8-K ​ 001-41761 ​ 3.2 ​ February 3, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3.2 ​ Certificate of Amendment to Certificate of Incorporation ​ 8-K ​ 001-41761 ​ 3.1 ​ April 24, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3.3 ​ Certificate of Conversion ​ 8-K ​ 001-41761 ​ 3.1 ​ February 3, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3.4 ​ Bylaws ​ 8-K ​ 001-41761 ​ 3.3 ​ February 3, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.1 ​ Specimen Stock Certificate ​ 10-K ​ 001-41761 ​ 4.1 ​ March 20, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.1 ​ Share Transfer Agreement, dated as of April 16, 2026, by and between the Company and Leyan Yang ​ 8-K ​ 001-41761 ​ 10.1 ​ April 16, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.2 ​ Loan Agreement dated April 23, 2026, by and between the Company and Hongkong Sanyou Petroleum Co Limited ​ 10-Q ​ 001-41761 ​ 10.11 ​ May 14, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.3 ​ Loan Agreement dated April 27, 2026, by and between the Company and Hongkong Sanyou Petroleum Co Limited ​ 10-Q ​ 001-41761 ​ 10.12 ​ May 14, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.4 ​ Loan Agreement dated April 1, 2026, by and between the Company and Hongkong Sanyou Petroleum Co Limited ​ 10-Q ​ 001-41761 ​ 10.13 ​ May 14, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.5 ​ Resignation Agreement dated June 4, 2026 by and between the Company and Cindy Tang ​ 8-K ​ 001-41761 ​ 10.1 ​ June 4, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.6 ​ Securities Purchase Agreement dated June 15, 2026 by and between the Company and Huan Liu ​ 8-K ​ 001-41761 ​ 10.1 ​ June 22, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.7 ​ Mutual Termination Agreement, dated June 26, 2026, by and between Cheetah Net Supply Chain Service Inc. and AC Sunshine Securities LLC. ​ 8-K ​ 001-41761 ​ 10.1 ​ June 29, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.8 ​ English Translation of the Termination Agreement relating to the Partnership Agreement dated June 30, 2026, by and between Shanghai Kesheng Investment Management Co., Ltd. and Naiside (Shenzhen) International Trading Co., Ltd. ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.9 ​ English Translation of the First Amendment to the Termination Agreement relating to the Partnership Agreement dated August 10, 2026, by and between Shanghai Kesheng Investment Management Co., Ltd. and Naiside (Shenzhen) International Trading Co., Ltd. ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.10 ​ Loan Agreement dated May 14, 2026, by and between the Company and Hongkong Sanyou Petroleum Co Limited ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.11 ​ Loan Agreement dated May 21, 2026, by and between the Company and Hongkong Sanyou Petroleum Co Limited ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.12 ​ Loan Agreement dated May 11, 2026, by and between the Company and Asia Finance Investment Limited ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.13 ​ Loan Agreement dated May 21, 2026, by and between the Company and Asia Finance Investment Limited ​ — ​ — ​ — ​ Filed herewith 57 Table of Contents ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.14 ​ Loan Agreement dated June 26, 2026, by and between the Company and Asia Finance Investment Limited ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.15 ​ Loan Extension Agreement effective as of June 13, 2026, by and between the Company and Asia Finance Investment Limited ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.16 ​ Loan Extension Agreement effective as of June 26, 2026, by and between the Company and Asia Finance Investment Limited ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.17 ​ Purchase Agreement dated June 9, 2026, by and between the Company and Eurosun Holdings Inc Corporation. ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.18 ​ Purchase Agreement dated June 10, 2026, by and between Super International Trading Limited and Yichang Holding Co., Ltd. ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.19 ​ Sales Agreement dated June 15, 2026, by and between Super International Trading Limited and Rapid Proceed Limited. ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.20 ​ Sales Agreement dated June 18, 2026, by and between the Company and Holywud (HK) Technology Co., Limited. ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10.21 ​ Stock Purchase Agreement dated March 25, 2026, by and among the Company, Bing Shao, and Edward Transit Express Group, Inc. ​ 8-K ​ 001-41761 ​ 10.1 ​ March 25, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 31.1 ​ Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 31.2 ​ Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 32.1* ​ Certification of Principal Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 ​ — ​ — ​ — ​ Furnished herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 32.2* ​ Certification of Principal Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 ​ — ​ — ​ — ​ Furnished herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 101.INS ​ Inline XBRL Instance Document ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 101.SCH ​ Inline XBRL Taxonomy Extension Schema Document ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 101.CAL ​ Inline XBRL Taxonomy Extension Calculation Linkbase Document ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 101.DEF ​ Inline XBRL Taxonomy Extension Definition Linkbase Document ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 101.LAB ​ Inline XBRL Taxonomy Extension Label Linkbase Document ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 101.PRE ​ Inline XBRL Taxonomy Extension Presentation Linkbase Document ​ — ​ — ​ — ​ Filed herewith ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 104 ​ Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) ​ — ​ — ​ — ​ Filed herewith ​ * In accordance with Item 601(b)(32)(ii) of Regulation S-K and SEC Release No. 34-47986, the certifications furnished in Exhibits 32.1 and 32.2 herewith are deemed to accompany this Form 10-Q and will not be deemed filed for purposes of Section 18 of the Exchange Act. Such certifications will not be deemed to be incorporated by reference into any filings under the Securities Act or the Exchange Act. ​ 58 Table of Contents 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: August 13, 2026 ​ ​ ​ ​ ​ Cheetah Net Supply Chain Service Inc. ​ ​ ​ ​ ​ ​ By: /s/ Huan Liu ​ ​ ​ Huan Liu ​ ​ ​ Chief Executive Officer and Interim Chief Financial Officer ​ ​ ​ 59