CN Energy Group Inc. Significantly Expands Its Presence in North America with Blessing Logistics Acquisition Agreement

Overview

On January 29, 2026, CN Energy Group Inc. (NASDAQ: CNEY) made a significant announcement regarding its strategic growth plans in the North American energy market. The company disclosed that it has entered into a framework agreement with the shareholders of Blessing Logistics Ltd., an established oil trading firm based in Alberta, Canada. This agreement is seen as a pivotal step towards enhancing CNEY's operations in the energy sector.

Details of the Framework Agreement

Under the terms of the framework agreement signed on January 25, 2026, both parties are poised to negotiate in good faith to finalize a definitive share purchase agreement. CNEY aims to acquire approximately 82% equity interests in Blessing Logistics, which is equivalent to the shares providing voting rights. The compensation for this acquisition is anticipated to be around $2.0 million through the issuance of CNEY’s Class A ordinary shares.

However, the agreement is subject to due diligence, final evaluations, market conditions, and the eventual negotiation of the definitive agreement. Should the parties fail to reach a definitive agreement within 60 days, either side holds the right to terminate the framework agreement via written notice.

About Blessing Logistics

Founded in 2015, Blessing Logistics is a notable player in the oil trading industry, operating under the regulations of the Alberta Energy Regulator and holding a Canadian crude oil export license. The firm is classified as a qualified trader working within the Chinese National Petroleum Corporation system, primarily focusing on the trade and export of crude oil and bitumen from Canada. This established reputation makes Blessing Logistics a valuable asset for CNEY's ambitious growth plans.

Strategic Implications for CN Energy Group

CNEY considers the proposed acquisition as a critical advancement into the energy sector. The company has previously focused on producing high-quality activated carbon, tailored for applications in oilfields. With this transaction, CNEY plans to utilize Blessing Logistics as a strategic platform for pursuing further oil trading and upstream investment opportunities. The overarching goal behind this acquisition is to augment long-term value for CNEY's shareholders.

Wenhua Liu, the interim CEO of CNEY, highlighted the acquisition's potential, stating, "We believe it could represent an important step in CNEY's global strategic expansion. Blessing Logistics' compliance framework and trading qualifications can lay a solid foundation for our entrance into the energy market." Additionally, he indicated that CNEY’s interest in energy trading is bolstered by their recent endeavors to identify significant opportunities within the oil and energy sector.

Completion Conditions and Future Prospects

While this acquisition seems promising, there are several conditions that must be satisfied before its completion. These include the successful negotiation and execution of a definitive agreement, traditional closing conditions, and regulatory approvals. CNEY has made it clear that there are no guarantees that all these conditions will be met or that the acquisition will occur as planned.

In conclusion, the impending acquisition of Blessing Logistics Ltd. signifies CN Energy Group Inc.'s ambitious strides towards diversifying and strengthening its presence in the North American energy landscape. Stakeholders are keenly watching how this strategic move will unfold and affect the company’s operations and market positioning in the forthcoming years.

About CN Energy Group Inc.

Currently listed on NASDAQ as "CNEY", CN Energy Group Inc. has specialized in creating recyclable activated carbon. The company addresses both environmental and financial concerns by converting waste materials into valuable resources. In addition to producing activated carbon, CNEY develops custom robotics and automation solutions, aiming to serve small and medium-sized businesses across North America. For more detailed information, please visit their official website at www.cneny.com.

Cautionary Note Regarding Forward-Looking Statements

It is crucial to recognize that this announcement contains forward-looking statements. These statements are based on current beliefs and expectations, and do not guarantee future performance. Investors are encouraged to consider the risks and uncertainties mentioned in the company's filings with the Securities and Exchange Commission. As with all corporate initiatives, the actual outcomes may deviate materially from these projections.