Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 173

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 173
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 Islands and no withholding will be required on the payment of a dividend or capital to any holder of our ordinary shares, as the case may be, nor will gains derived from the disposal of our ordinary shares be subject to British Virgin Islands income or corporation tax.

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United States Federal Income Taxation

The following does not address the tax consequences to any particular investor or to persons in special tax situations such as:

| ● | banks;                                                                                                                                    |
| ● | financial institutions;                                                                                                                   |
| ● | insurance companies;                                                                                                                      |
| ● | regulated investment companies;                                                                                                           |
| ● | real estate investment trusts;                                                                                                            |
| ● | broker-dealers;                                                                                                                           |
| ● | persons that elect to mark their securities to market;                                                                                    |
| ● | U.S. expatriates or former long-term residents of the U.S.;                                                                               |
| ● | governments or agencies or instrumentalities thereof;                                                                                     |
| ● | tax-exempt entities;                                                                                                                      |
| ● | persons liable for alternative minimum tax;                                                                                               |
| ● | persons holding our ordinary shares as part of a straddle, hedging, conversion or integrated transaction;                                 |
| ● | persons that actually or constructively own 10% or more of our voting power or value (including by reason of owning our ordinary shares); |
| ● | persons who acquired our ordinary shares pursuant to the exercise of any employee share option or otherwise as compensation;              |
| ● | persons holding our ordinary shares through partnerships or other pass-through entities;                                                  |
| ● | beneficiaries of a Trust holding our ordinary shares; or                                                                                  |
| ● | persons holding our ordinary shares through a Trust.                                                                                      |

The discussion set forth below is addressed only to U.S. Holders (defined below) that purchase our ordinary shares. Prospective purchasers are urged to consult their own tax advisors about the application of the U.S. federal income tax rules to their particular circumstances as well as the state, local, foreign, and other tax consequences to them of the purchase, ownership, and disposition of our ordinary shares.

Material Tax Consequences Applicable to U.S. Holders of Our Ordinary Shares

The following sets forth the material U.S. federal income tax consequences related to the ownership and disposition of our ordinary shares. It is directed to U.S. Holders of our ordinary shares and is based upon laws and relevant interpretations thereof in effect As of the date of this prospectus, all of which are subject to change. This description does not deal