Takeover Time seeks to replace entire Cheetah Net board ahead of annual meeting
CTNT•Cheetah Net urged shareholders to reject Takeover Time 2026’s campaign to replace its five-member board through written consents ahead of the December 3, 2026 annual meeting. The proposals require 1,426,229 votes, or 676,229 if a court order excludes 100,000 contested Class B shares issued to Huan Liu.
1. Board opposes campaign
Cheetah Net’s board unanimously opposed Takeover Time 2026’s effort, citing risks to oversight and the absence of a credible alternative strategy. Takeover Time has cited dilution, financial-reporting weaknesses and capital-allocation concerns; the board replacement could take effect before the annual meeting.
