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HTFL’s Client Cheetah Net Supply Chain Service Inc.Successfully Closed its Initial Public Offering

August 3, 2023

Ying Li

Guillaume de Sampigny

Warren Wang

On August 3, 2023, Cheetah Net Supply Chain Service Inc. (the “Company”), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, successfully closed its initial public offering (the “IPO”) of 1,250,000 shares of Class A common stock at a price to the public of US$4.00 per share. The Company received aggregate gross proceeds of US$5,000,000 from the IPO, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares of Class A common stock at the public offering price, less underwriting discounts.

The Company’s Class A common stock commenced trading on the Nasdaq Capital Market on August 1, 2023 under the ticker symbol “CTNT.”

Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial, and securities transactions, cross-border financing, immigration, and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.