Core Viewpoint - CN Energy Group, Inc. has announced a Share Purchase Agreement to acquire 100% of Blessing Logistics Ltd., an oil trading company, for a total consideration of USD $2.0 million, expected to be satisfied through the issuance of Class A Ordinary Shares of CNEY [1][2]. Group 1: Acquisition Details - The total purchase consideration for Blessing Logistics is USD $2.0 million, which will be fulfilled through the issuance of Class A Ordinary Shares of CNEY [2]. - The number of shares to be issued will be based on the volume-weighted average price of CNEY's Class A Ordinary Shares for the five trading days preceding the closing date [2]. - The transaction is expected to close on or before March 31, 2026, subject to customary closing conditions [3]. Group 2: Blessing Logistics Overview - Blessing Logistics, founded in 2015, is a registered oil company with the Alberta Energy Regulator and holds Canadian crude oil export licenses [3]. - The company is recognized as a qualified trader within the CNPC system and is primarily engaged in oil trading and crude oil and asphalt exports [3]. Group 3: Strategic Implications - The acquisition is expected to provide CNEY with a fully operational North American entity and critical regulatory licenses, supporting its strategic expansion into the North American oil market [4]. - The integration of Blessing Logistics is anticipated to strengthen CNEY's operational capabilities and enhance its participation in global crude oil trading and export activities [4]. - The interim CEO of CNEY stated that this transaction represents an important step in executing the company's global energy strategy and aims to create long-term value for shareholders [4].