Huan Liu Amends Cheetah Net Supply Chain Holdings

TL;DR

Liu updated their stake in CHEETA. Watch for potential moves.

AI Summary

Huan Liu filed an amendment (SC 13D/A) on December 5, 2024, regarding their holdings in Cheetah Net Supply Chain Service Inc. The filing indicates a change in beneficial ownership, with the date of the event requiring this filing being December 3, 2024. Liu's address is listed as 8707 Research Drive, Irvine, California.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Cheetah Net Supply Chain Service Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's intentions or holdings, which can lead to increased volatility.

Key Numbers

• December 5, 2024 — Filing Date (Date the amendment was filed with the SEC)
• December 3, 2024 — Event Date (Date of the event requiring the filing)

Key Players & Entities

• Huan Liu (person) — Filing person and beneficial owner
• Cheetah Net Supply Chain Service Inc. (company) — Subject company
• 8707 Research Drive, Irvine, California 92618 (address) — Business and mailing address for Huan Liu

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A common stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• tm2430324d1_sc13da.htm (SC 13D/A) — 44KB
• 0001104659-24-125972.txt ( ) — 46KB

(d) or 2(e)

Item 2(d) or 2(e) 6 Citizenship or place of organization China Number of shares beneficially owned by each reporting person with (1) 7 Sole voting power 31,250 (2) 8 Shared voting power 515,625 (3) 9 Sole dispositive power 31,250 (2) 10 Shared dispositive power 515,625 (3) 11 Aggregate amount beneficially owned by each reporting person 546,875 12 Check box if the aggregate amount in row (11) excludes certain shares 13 Percent of class represented by amount in row (11) 19.9% (4) 14 Type of reporting person IN (1) On October 21, 2024, the Issuer effectuated a reverse stock split of its common stock at a ratio of 1-for-16 (the “Reverse Split”). Following the Reverse Split, each 16 shares of the Issuer’s common stock outstanding were automatically combined into one new share of common stock. No fractional shares were issued in connection with the Reverse Split; any fractional shares resulting from the Reverse Split were rounded up to the nearest whole share. The par value per share of the Issuer’s common stock remained unchanged. The Class A common stock of the Issuer started trading on a post-split basis on October 24, 2024, at which time the Class A common stock was assigned a new CUSIP number (16307X202). (2) Represents 31,250 shares of the Issuer’s Class A common stock issuable to the Reporting Person upon the conversion of 31,250 shares of Class B common stock held by the Reporting Person as of the date hereof. The Issuer’s Class B common stock is convertible into the Issuer’s Class A common stock at any time at the option of the holder on a one-to-one basis. (3) Represents 515,625 shares of the Issuer’s Class A common stock issuable to FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED upon the conversion of 515,625 shares of Class B common stock held by FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED as of the date hereof. The Reporting Person is the sole shareho

of the Schedule

Item 1 of the Schedule 13D is hereby amended and restated in as follows: This Amendment is being filed with respect to the shares of common stock of the Issuer. The address of the principal executive offices of the Issuer is 8707 Research Drive, Irvine, California 92618. Item 2. Identity and Background.

of the Schedule

Item 2 of the Schedule 13D is hereby amended and restated as follows: (a) This Amendment is being filed by Mr. Huan Liu. (b) The business address of Huan Liu is 8707 Research Drive, Irvine, California 92618. (c) Huan Liu is the Chief Executive Officer, Director, and Chairman of the Board of Directors of the Issuer. (d) During the past five years, Huan Liu has never been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, Huan Liu has never been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal and state securities laws of findings any violation with respect to such laws. (f) Huan Liu is a citizen of the People’s Republic of China. Item 4. Purpose of Transaction.

of the Schedule 13D is hereby amended and restated

Item 4 of the Schedule 13D is hereby amended and restated as follows: On September 15, 2024, the Issuer’s compensation committee, through a written consent without a meeting, approved the grant of certain stock awards to certain recipients in recognition of their work and performance. Under the grant schedule, Huan Liu, Chief Executive Officer, Director, and Chairman of the Board of Directors of the Issuer, was granted RSUs covering the right to receive 735,000 shares of Class A common stock and 500,000 shares of Class B common stock of the Issuer (the “Award”). The Award vested immediately upon grant, and as a result, Mr. Liu was deemed to have acquired the beneficial ownership of the shares of Class A and Class B common stock underlying the Award under Rule 13d-3 of the Act. On September 30, 2024, the Issuer issued 735,000 shares of Class A common stock and 500,000 shares of Class B common stock to Huan Liu under the Award. On October 21, 2024, the Issuer completed the Reverse Split as described on the cover page of this Amendment. Following the Reverse Split, Huan Liu directly held 45,938 shares of Class A common stock and 31,250 shares of Class B common stock of the Issuer. On December 3, 2024, Huan Liu disposed of the 45,938 shares of Class A common stock that he directly held. As of the date of this Amendment, Huan Liu no longer holds any shares of the Issuer’s Class A common stock. Huan Liu continues to directly or beneficially hold the shares set forth on the cover page of this Amendment. The information set forth on the cover page of this Amendment is hereby incorporated by reference into this Item 4. Except as set forth in this Item 4, the Reporting Person has no plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization, or liquidation

of the Schedule 13D is hereby amended and restated

Item 5 of the Schedule 13D is hereby amended and restated as follows: (a) The percentage of shares beneficially or directly owned by the Reporting Person is based on the sum of (i) the 2,202,527 shares of Class A common stock outstanding as of the date hereof, (ii) the 515,625 shares of Class A common stock issuable to FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED upon the conversion of the shares of Class B common stock it holds, and (iii) the 31,250 shares of Class A common stock issuable to the Reporting Person upon the conversion of the shares of Class B common stock he holds. (b) The Reporting Person has sole dispositive power over the 31,250 shares of Class B common stock of the Issuer. The Reporting Person has shared dispositive power over the 515,625 shares of Class B common stock held by FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED, a British Virgin Islands company, which is 100% owned by the Reporting Person. The registered address of FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED is Vistra Corporate Services Center, Wickhams Cay II, Road Town, Tortola, VG1110, the British Virgin Islands. (c) Other than as described herein, the Reporting Person has not effected any transactions in the Issuer’s securities during the 60 days preceding the date of this statement. (d) Not applicable. (e) Not applicable. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 5, 2024 /s/ Huan Liu Huan Liu

View Full Filing

View this SC 13D/A filing on SEC EDGAR