Cheetah Net Supply Chain Service Inc.

Cheetah Net Supply Chain Service Inc. is a supplier of parallel-import vehicles sourced in the United States to be sold in the People’s Republic of China (PRC) market. The Company and its subsidiaries are primarily engaged in the parallel-import vehicle dealership business. In the PRC, parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturer’s official distribution systems. It purchases automobiles, primarily luxury brands, such as Mercedes, BMW, Land Rover, Lexus, and Bentley, from the United States market and resell them to its customers, including both United States and PRC parallel-import car dealers, for sale to the ultimate users. It procures its automobiles from the United States automobile dealers via a network of independent contractors acting as purchasing agents on its behalf. Its subsidiaries include Allen-Boy International LLC, Canaan International LLC, and others.