#China #CN Energy Group #CNEY #Lishui #Blessing Logistics

CN Energy Group Acquires Blessing Logistics

On February 23, 2026, CN Energy Group Inc. (NASDAQ: CNEY) confirmed a significant step in its expansion strategy by announcing the planned acquisition of Blessing Logistics Ltd. The deal comes through a Share Purchase Agreement, wherein CN Energy will acquire 100% of the outstanding shares of the oil trading company registered in Alberta, Canada.

Financial Details of the Acquisition

The total consideration for acquiring Blessing Logistics is set at USD $2.0 million. CN Energy plans to cover this cost through the issuance of Class A Ordinary Shares. The specific number of shares to be issued will depend on the volume-weighted average price of CNEY’s Class A Ordinary Shares over the five trading days leading up to the deal's closing date. This deal is expected to finalize on or before March 31, 2026, contingent upon standard closing conditions.

Blessing Logistics: A Robust Oil Trading Entity

Founded in 2015, Blessing Logistics holds a reputable position in the oil trading sector. They are a registered entity with the Alberta Energy Regulator, enjoying licenses for Canadian crude oil exports. Moreover, they are recognized as a qualified trader within the China National Petroleum Corporation (CNPC) system, mainly involved in oil trading and the export of crude oil and asphalt.

The strategic acquisition of Blessing Logistics will enable CN Energy Group to establish a fully operational entity within North America, accompanied by vital regulatory licenses that facilitate their entry and expansion in this lucrative market. This move signifies a critical enhancement of CN Energy's operational capabilities and its participation in global crude oil trading and export activities.

Insights from CN Energy’s Leadership

Mr. Wenhua Liu, the interim CEO of CN Energy, expressed optimism regarding the acquisition. He stated, "We are pleased to enter into this agreement to acquire Blessing Logistics. This transaction represents an important step in executing CNEY's global energy strategy. Following the closing, we expect to leverage Blessing Logistics' operational platform and licenses to expand our international crude oil trading business and create long-term value for our shareholders."

CN Energy Group's Broader Objectives

CN Energy Group's overall strategy aligns with growing its presence in the North American oil market, aimed at capitalizing on the increasing global demand for oil while utilizing Blessing Logistics' established operational framework. Furthermore, CN Energy specializes in producing high-quality recyclable activated carbon and offers various robotics and automation solutions tailored for small to medium-sized industrial enterprises in North America.

A Strategic Move Amid Market Dynamics

The acquisition reflects CN Energy’s commitment to strengthening its market position and broadening its operational horizons within North America. As the global oil market witnesses evolving dynamics, CNEY's proactive approach constitutes a significant move to secure its competitive edge.

This development is not just beneficial for CN Energy Group but is also indicative of the larger trends within the global energy sector, particularly with companies seeking strategic partnerships and acquisitions to enhance their market footprint.

With these advancements, CN Energy Group is poised to deliver on its promise of growth, innovation, and increased shareholder value, while actively navigating the complexities of the energy industry.

For further updates and information about CN Energy Group Inc. and its business ventures, stay tuned to their official communications and reports on the corporate website at www.cneny.com.