• CN Energy clarified that new information prompted a USD 33.15 million credit-loss allowance for an acquisition reversal receivable.
• Shenzhen Xiangfeng Trading faces multiple lawsuits; all its bank accounts were frozen, undermining earlier assurances of full repayment.
• The allowance reduced the receivable’s net value to zero as of March 31, 2026, reflecting a change in estimate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CN Energy Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006438), on October 23, 2026, and is solely responsible for the information contained therein.