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Agreement signedPublished 25 Mar 2026

Bing Shao /
Edward Transit Express Group, Inc.

Cheetah Net sells its shipping unit to an individual buyer

Buy side: Bing Shao
Buy sideBing Shao
Target: Edward Transit Express Group, Inc.
TargetEdward Transit Express Group, Inc.
Cheetah Net Supply Chain Service Inc. · 25 Mar 2026Source
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Buy side: Bing Shao
Buy sideBing Shao
Target: Edward Transit Express Group, Inc.
TargetEdward Transit Express Group, Inc.
01 / BuyerBing Shao
02 / TargetEdward Transit Express Group, Inc.
Source for the buyer and target: Cheetah Net Supply Chain Service Inc.

For the buyer and target.

“On March 25 , 2026, Cheetah Net Supply Chain Service Inc., a Delaware corporation (the “Seller” or the “Company”), entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Bing Shao, a non-U.S. individual (the “Buyer”), and Edward Transit Express Group, Inc., a California corporation and a wholly owned subsidiary of the Seller (the “Subsidiary”).”

Published 25 Mar 2026

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01

What happened

Cheetah Net Supply Chain Service Inc. agreed to sell all shares of its wholly owned subsidiary, Edward Transit Express Group, Inc., to Bing Shao for $20,000 in cash. The subsidiary handles ocean package transportation and freight forwarding. The company said the sale is meant to streamline operations and reduce the effect of the subsidiary's results on its own, and to let it pursue new strategic acquisition opportunities. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Cheetah Net Supply Chain Service Inc.

Cheetah Net sells its shipping unit to an individual buyer

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by Cheetah Net Supply Chain Service Inc.

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