Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 189

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 189
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 $                                 |     317,323 |   |     | $    |     195,502 |   |     | $    |  18,046,872 |   |
| Supplemental disclosure information:                                            |     |                                   |             |   |     |      |             |   |     |      |             |   |
| Cash paid for income tax                                                        |     | $                                 |          59 |   |     | $    |      28,764 |   |     | $    |      71,849 |   |
| Cash paid for interest                                                          |     | $                                 |      36,726 |   |     | $    |     241,484 |   |     | $    |      45,218 |   |
| Supplemental non-cash activities:                                               |     |                                   |             |   |     |      |             |   |     |      |             |   |
| Issuance of shares for acquisition                                              |     |                                   |           - |   |     | $    |  18,373,771 |   |     |      |           - |   |
| Issuance of ordinary shares for convertible notes redemption                    |     | $                                 |   2,419,174 |   |     | $    |   1,250,000 |   |     |      |           - |   |
| Lease liabilities arising from obtaining right-of-use assets                    |     |                                   |           - |   |     | $    |       1,156 |   |     | $    |       2,866 |   |

The accompanying notes are an integral part of these consolidated financial statements.

| F-6 |

Note 1 - Organization and nature of business

CN ENERGY GROUP. INC. (“CN Energy”) is a holding company incorporated under the laws of the British Virgin Islands on November 23, 2018. CN Energy and its subsidiaries (collectively, the “Company”) manufactures and supplies wood-based activated carbon that is primarily used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production (“Activated Carbon Production”), and produces biomass electricity generated in the process of producing activated carbon (“Biomass Electricity Production”).

In connection with its initial public offering, the Company undertook a reorganization of its legal structure (the “Reorganization”). The Reorganization involved: (1) the incorporation of CN Energy, a British Virgin Islands holding company; (