Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 156

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 156
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 office or removed.

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<div align='center'>SELLING SHAREHOLDERS</div>

This prospectus relates to the resale by the Selling Shareholders of up to 1,977,302 Class A Ordinary Shares issued to the Class A Investors pursuant the Class A Purchase Agreement.

The Selling Shareholders may from time to time offer and sell any or all of the Class A Ordinary Shares set forth below pursuant to this prospectus and any accompanying prospectus supplement.

The following table sets forth, as of the date of this prospectus, the names of the Selling Shareholders, and the aggregate number of Class A Ordinary Shares that the Selling Shareholders may offer pursuant to this prospectus.

We cannot advise you as to whether the Selling Shareholders will in fact sell any or all of such Class A Ordinary Shares. In addition, the Selling Shareholders may sell, transfer or otherwise dispose of, at any time and from time to time, the Class A Ordinary Shares in transactions exempt from the registration requirements of the Securities Act after the date of this prospectus. For purposes of this table, we have assumed that the Selling Shareholders will have sold all of the securities covered by this prospectus upon the completion of the offering.

|                                                  |     | Ordinary Shares  Beneficially Owned(3) |         |     |               |       |   |     | Ordinary  Shares  Registered |         |     | Ordinary Shares  Beneficially Owned  After Sale of All Ordinary Shares Offered Hereby(3)(4) |         |     |               |      |   |
|                                                  |     | Number                                 |         |     | Percentage(2) |       |   |     | Hereby                       |         |     | Shares                                                                                      |         |     | Percentage(2) |      |   |
| Directors and Executive Officers(1):             |     |                                        |         |     |               |       |   |     |                              |         |     |                                                                                             |         |     |               |      |   |
| Xinyang Wang(8)                                  |     |                                        |       — |     |               |     — |   |     |                              |       — |     |                                                                                             |       — |     |               |    — |   |
| Jinwu Huang                                      |     |                                        |       — |     |               |     — |   |     |                              |       — |     |                                                                                             |       — |     |               |    — |   |
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