Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 230

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 230
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                |     |                                    |             |   |     |   |             |   |
| Basic                                    |     | $                                  |       13.58 |   |     | $ |       (1.64 | ) |
| Diluted                                  |     | $                                  |        9.58 |   |     | $ |       (1.64 | ) |
| Weighted average shares outstanding      |     |                                    |             |   |     |   |             |   |
| Basic                                    |     |                                    |     510,256 |   |     |   |      72,118 |   |
| Diluted                                  |     |                                    |     723,571 |   |     |   |     210,790 |   |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.</div>

| F-34 |

<div align='center'>CN ENERGY GROUP. INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2024</div>

|                                                              |     | Ordinary Shares         
 Class A Ordinary Shares 
 Shares                  |         |   |     | Amount |             |   |     | Class B Ordinary Shares 
 Shares                  |       |     | Amount |           |     | Additional Paid-in 
 Capital            |           |     | Statutory 
 Reserves  |         |     | Retained              
 Earnings (Accumulated 
 Deficit)              |             |   |     | Accumulated         
 Other Comprehensive 
 Income (Loss)       |            |   |     | Total Shareholders' 
 Equity              |             |   |
|:-------------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:-------|------------:|:--|:----|:------------------------|------:|:----|:-------|----------:|:----|:-------------------|----------:|:----|:----------|--------:|:----|:----------------------|------------:|:--|:----|:--------------------|-----------:|:--|:----|:--------------------|------------:|:--|
| Balance as of September 30, 2023                             |     |                         |  91,433 |   |     | $      | 101,922,676 |   |     |