Termination of Material Agreement (Form 8-K)

Item 1.02. Termination of a Material Definitive Agreement.

As previously disclosed in a Current Report on Form 8-K dated April 2, 2026, Cheetah Net Supply Chain Service Inc., a Delaware corporation (the "Company"), and AC Sunshine Securities LLC (the "Sales Agent") entered into that certain sales agreement, dated March 31, 2026, by and between the Company and the Sales Agent (the "Sales Agreement"), pursuant to which the Company may offer and sell, from time to time, shares of the Company's Class A common stock, par value $0.0001 per share, through the Sales Agent in an "at-the-market" offering.

On June 26, 2026, the Company and the Sales Agent entered into a Mutual Termination Agreement, pursuant to which the parties mutually agreed to terminate the Sales Agreement, effective as of the close of business on June 26, 2026. The Sales Agreement related to the offer and sale from time to time of shares of the Company's Class A common stock, par value $0.0001 per share, pursuant to the Company's registration statement on Form S-3, File No. 333-281820, including the prospectus supplement relating to the offering of shares of Class A common stock pursuant to the Sales Agreement. On April 29, 2026, the Company effected a 1-for-200 reverse stock split of its issued and outstanding shares of common stock. Prior to the effectiveness of the reverse stock split, the Company sold an aggregate of 355,000,000 shares of Class A common stock pursuant to the Sales Agreement, representing 1,775,000 shares of Class A common stock as adjusted to give effect to the reverse stock split. From April 29, 2026 through June 18, 2026, following the effectiveness of the reverse stock split, the Company sold an aggregate of 1,000,000 shares of Class A common stock pursuant to the Sales Agreement. Accordingly, prior to the termination of the Sales Agreement, the Company sold an aggregate of 2,775,000 shares of Class A common stock pursuant to the Sales Agreement, after giving effect to the reverse stock split.

As of the termination date, no placement notice under the Sales Agreement remained in effect. The Sales Agent acknowledged that, as of the termination date, no amounts, fees or expenses were due to the Sales Agent from the Company.

The foregoing description of the Mutual Termination Agreement is not complete and is qualified in its entirety by reference to the full text of the Mutual Termination Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.