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Speed Recognised with BrandLaureate DigiTech BestBrand Award for Advancing Digital Procurement Excellence


PETALING JAYA, SELANGOR – Media OutReach Newswire – 29 January 2026 – SPEED (Sistem Perolehan Elektronik Dinamik) has been awarded The BrandLaureate Brand of the Year 2025–2026 – DigiTech BestBrand (Digital Procurement), recognising its sustained leadership in delivering trusted, governance-driven digital procurement at scale.

SPEED (Sistem Perolehan Elektronik Dinamik) receiving The BrandLaureate Brand of the Year 2025–2026 – DigiTech BestBrand (Digital Procurement) award.

Conferred by The World Brands Foundation, the award honours brands that demonstrate clarity of vision, disciplined execution, and measurable impact in their respective fields. In the Digital Procurement category, SPEED was recognised for building a comprehensive digital ecosystem that strengthens transparency, accountability, and operational efficiency across procurement processes.

Developed and operated by CDC International Sdn Bhd, SPEED has evolved over more than a decade into an end-to-end digital procurement platform, supporting the full procurement lifecycle — from vendor registration and sourcing to bidding, contract management, and payment workflows. The platform enables organisations to move beyond fragmented, manual processes towards a standardised and auditable digital environment.

Today, SPEED supports procurement activities at national scale, with more than RM20 billion in procurement value processed, a nationwide network of over 130,000 registered suppliers, and demonstrated cost savings of between 10 to 30 per cent through improved efficiency, competitive sourcing, and process optimisation. Built-in controls and audit trails further enhance oversight and accountability, reinforcing trust across procurement stakeholders.

“This recognition reflects how SPEED was designed — not simply as a system, but as a framework for trust, accountability, and long-term value,” said Putri Nurul Ida Yahya, Chief Executive Officer of CDC International Sdn Bhd. “Digital procurement carries responsibility. It must deliver efficiency while upholding governance and fairness. This award affirms our commitment to achieving that balance at scale.”

SPEED’s approach places strong emphasis on governance by design, with compliance mechanisms, transparency features, and real-time visibility embedded across workflows. These principles have guided the platform’s continuous evolution, ensuring it remains relevant amid changing organisational needs, regulatory expectations, and technological advancements.

The BrandLaureate recognition marks an important milestone for SPEED, reinforcing its role as a trusted digital procurement platform that enables organisations to manage procurement with greater confidence, clarity, and control.

Looking ahead, SPEED remains focused on strengthening its capabilities through continuous innovation, data-driven insights, and user-centred enhancements — ensuring that digital procurement delivers not only operational efficiency, but enduring institutional value.

Hashtag: #SPEED #DigitalProcurement #GovTech #ProcurementInnovation #eProcurement #BrandLaureate #CDCi



The issuer is solely responsible for the content of this announcement.

SPEED (Sistem Perolehan Elektronik Dinamik)

SPEED (Sistem Perolehan Elektronik Dinamik) is a comprehensive digital procurement platform designed to support the full procurement lifecycle through a secure, scalable, and governance-driven ecosystem. Operating at national scale, SPEED connects organisations with a nationwide network of over 130,000 registered suppliers, enabling greater transparency, efficiency, and accountability across procurement processes.

Fuel Incorporation Announces Global Expansion into International Oil Brokerage and Bunkering

Singapore-based diesel supplier expands beyond domestic fuel supply, strengthening capabilities in oil brokerage, bunkering, and structured trade finance.


SINGAPORE – Media OutReach Newswire – 29 January 2026 – Fuel Incorporation Pte Ltd, a Singapore-based diesel supplier serving key industrial and logistics sectors, today announced its strategic expansion into the international oil brokerage and bunkering market, marking a significant milestone in the company’s growth.

Building on its established presence in Singapore’s fuel supply chain, Fuel Incorporation is extending its operations globally to participate in the international trading of refined petroleum products, including low sulfur 10ppm gas oil (EN590). The expansion positions the company to operate within the trillion-dollar global oil market, where large-scale transactions are conducted daily across multiple regions.

As part of this expansion, Fuel Incorporation has developed an international brokerage platform connecting verified buyers and sellers of refined oil products. Leveraging long-standing industry relationships and rigorous compliance standards, the company provides structured access to legitimate counterparties while maintaining a strong focus on transactional security and operational efficiency.

In tandem with its brokerage operations, Fuel Incorporation is strengthening its involvement in bunkering-related services, supporting marine and offshore fuel requirements through trusted supply networks. These developments allow the company to serve a broader spectrum of clients across logistics, shipping, infrastructure, and energy-related industries.

A key pillar of Fuel Incorporation’s global strategy is its integration of trade finance support. The company maintains strong banking relationships to facilitate Documentary Letters of Credit (DLC), ensuring smooth execution of international oil transactions and reducing counterparty risk for both buyers and sellers.

“Our expansion into international oil brokerage represents a natural evolution of our business,” said a company spokesperson. “With our operational experience, industry credibility, and banking connectivity, we are well-positioned to support cross-border fuel transactions with speed, transparency, and reliability.”

Fuel Incorporation’s brokerage model emphasizes fast turnaround times and competitive pricing, enabling clients to access refined fuel products at commercially attractive rates relative to prevailing market benchmarks.

This global expansion underscores Fuel Incorporation‘s transition from a domestic diesel supplier into an international energy trading and services platform, reinforcing Singapore’s role as a strategic hub for global oil and fuel commerce.

Hashtag: #oil #oilandgas

The issuer is solely responsible for the content of this announcement.

Fuel Incorporation Pte Ltd is a global diesel supplier

is a global diesel supplier

TAT Unveils Lalisa ‘LISA’ Manobal as Amazing Thailand Ambassador, Inviting Travellers to ‘Feel All the Feelings’

Refining Thailand from a destination to an experience of high value and fulfilment

BANGKOK, THAILAND – Media OutReach Newswire – 29 January 2026 – The Tourism Authority of Thailand (TAT) has officially unveiled “Lalisa LISA Manobal”, a world-renowned rapper, singer, dancer and actor, as the Amazing Thailand Ambassador under the “Feel All the Feelings” campaign at Wat Arun Ratchawararam Ratchawaramahawihan, presenting a new perspective on Thailand’s charms—rich in value and meaning in every experience as a Quality Leisure Destination. The campaign invites Thais to be “good hosts” and reinforces confidence through the Trusted Thailand initiative—ensuring every visit is reassuring, memorable, and inspiring repeat travel.

The Tourism Authority of Thailand (TAT) hosted the official launch of “Lalisa LISA Manobal” as the Amazing Thailand Ambassador under the “Feel All the Feelings” campaign, marking a significant milestone in elevating Thailand’s tourism image as a Quality Leisure Destination. According to her role, LISA will share the beauty, unique appeal, and value in a new perspective with travellers—encouraging appreciation of Thailand not only for its scenic destinations, but also for the meaningful experiences that stay with visitors—while inviting Thais to be “good hosts” in delivering high-quality experiences to tourists.

The launch venue, Wat Arun Ratchawararam Ratchawaramahawihan, is a renowned cultural and historical landmark that powerfully reflects Thailand’s identity, showcasing how traditional craftsmanship harmonises with contemporary creativity.

Ms. Thapanee Kiatphaibool, Governor of the TAT, said: “TAT believes that sharing Thailand’s beauty through LISA’s perspective will help travellers see Thailand as a leading quality destination with depth beyond scenic attractions. Every experience is full of value, and every moment of travel—whether through people, culture, way of life, or atmosphere—
carries meaning. We want each visit to create long-lasting memories that inspire travellers to come to Thailand, return again, and share their stories.”

The “Feel All the Feelings” campaign expresses the unique appeal of Thai tourism
through emotions fulfilled at every moment. Upon their journey in Thailand, travellers encounter diverse feelings and values woven into experiences across each destination. The concept is captured in the campaign film “Feel All the Feelings”, available at Youtube:
Amazing Thailand
https://youtu.be/wDMv1KujSGc .The production also features renowned stars and actors such as Win – Metawin Opas-iamkajorn, Gulf – Kanawut Traipipattanapong, and Blue – Pongtiwat Tangwancharoen, who join the journey and convey these feelings together.

This marks a new chapter in conveying the charm of Thailand through Lalisa ‘LISA’ Manobal as the Amazing Thailand Ambassador, connecting hearts with Thailand as well as inviting Thais to be “a good host” and travellers to experience every “feeling” that defines Thailand—more than a destination, but a Quality Leisure Destination. At the same time, TAT continues to strengthen confidence in Thai tourism through the “Trusted Thailand” initiative, positioning Thailand as a quality destination that travellers can trust and choose with confidence.

Find more details: https://www.tatnews.org/2026/01/tat-unveils-lalisa-lisa-manobal-as-amazing-thailand-ambassador-inviting-travellers-to-feel-all-the-feelings/

Hashtag: #AmazingThailand #AmazingThailandXLISA #FeelAllTheFeelings

The issuer is solely responsible for the content of this announcement.

Nature Foods Launches “Contributing to a Full-Flavored Tet”: When the Family Meal Becomes a Mission Connecting Generations

HO CHI MINH CITY, Vietnam, Jan. 29, 2026 /PRNewswire/ — Each family has its own Tet meal. Some are abundant, others simple. Yet they all share one common meaning: the family meal is a symbol of sharing, togetherness, and nurturing family bonds.

Nature Foods – a wholesome companion on the journey of contributing to a full-flavored Tết
Nature Foods – a wholesome companion on the journey of contributing to a full-flavored Tết

From this spirit, Nature Foods officially introduces the MV “Contributing to a Full-Flavored Tet” – a gentle yet profound story that portrays the journey of completing the family Tet meal, passed down from one generation to the next.
Watch the MV here: https://www.facebook.com/reel/1606762830353049

The modern Tet meal and the risk of being overlooked

In today’s fast-paced life, family meals can easily be neglected. Rushed schedules, work pressure, and generational gaps gradually make shared meals less frequent.

The MV opens with an innocent question from a grandchild: “Grandpa, is the Tet meal really that important?” This simple question leads viewers back to memories of Tet meals in the past – a time of hardship and scarcity, yet one where the meal still had to be complete. Not because of material abundance, but because it was how families gathered love and overcame difficulties together.

Contributing to a full-flavored Tet – a mission passed down

In the MV, “Contributing to a Full-Flavored Tet” is not defined by abundance or elaboration, but as a quiet mission passed from generation to generation: keeping the Tet meal meaningful and full of togetherness.

In the past, it meant arduous journeys to gather ingredients for a warm bowl of soup. In the present, as life has changed, contributing to a full-flavored Tet means ensuring that no matter how busy life becomes, families can still sit together around the Tet table. The MV shows that contributing to a full-flavored Tet does not belong to a single moment in time, but takes different forms in different stages of life.

Nature Foods – a wholesome companion on the journey of contributing to a full-flavored Tet

Within this story, the appearance of ISOUP freeze-dried instant soup is not about product display, but about preserving traditional flavors in modern life. When time for elaborate preparation is limited, ISOUP helps families retain the familiar taste of Tet soup, keeping the moment of gathering around the family meal intact.

Alongside the MV launch, Nature Foods introduces its Tet Binh Ngo 2026 lucky money program nationwide. Products within the Nature Foods ecosystem, including ISOUP HUUPS!, IYAUA, and NATAS, feature QR codes that allow consumers to receive phone top-ups and UrBox multi-purpose vouchers worth up to VND 1,000,000. Through this initiative, Nature Foods hopes that each product not only helps complete the Tet meal, but also spreads the joy of reunion and shared excitement from the very first days of the new year.

Central Yards Edible Art Fair debuts in Hong Kong: Adding a brand new, first-of-its-kind event to the rich cultural calendar of Hong Kong this March

The reimagined cultural event blends art, taste and imagination for an immersive multi-sensory journey through ten playful installations, each inspired by a notable art movement and paired with a creative edible delight.


HONG KONG SAR – Media OutReach Newswire – 29 January 2026 – Central Yards Edible Art Fair was conceived by founder and creative director Arbiona Cadman, CEO of the renowned events and catering company Feste Group, with art curation by independent art consultancy firm Art-Partners, and proudly sponsored by Central Yards. This reimagined cultural event that blends art, taste and imagination, will take place from 26 March to 5 April 2026 at the Central Harbourfront Event Space in Hong Kong. Set to delight people of all ages, Central Yards Edible Art Fair is a journey of discovery and wonder that is sure to spark curiosity. Visitors are invited to walk through the 10-gallery experience at their own pace. Tickets are on sale from today, with early-bird offer available until 15 February at www.edibleartfair.com.

Image Credit: Central Yards Edible Art Fair
Image Credit: Central Yards Edible Art Fair

With a vision to reinvent Central and revitalise the city, the inaugural Central Yards Edible Art Fair brings a new sense of excitement, discovery and fun—creating ripples that extend from Hong Kong to the world.

Arbiona Cadman, Founder and Managing Director of Central Yards Edible Art Fair,said: “Central Yards Edible Art Fair is about reimagining how we connect with art and culture, through taste, sight, sound, and storytelling. By placing the intersection of food and art centre stage, we invite people to rediscover familiar worlds in unexpected, delicious ways that make art accessible, educational, and unforgettable.”

Tom Andrews, Director, Head of Leasing & Operations of Central Yards, said: “With love for Hong Kong, we proudly support the Central Yards Edible Art Fair — a first‑of‑its‑kind experience where taste and art come together for the city and the world during Art Month. As we prepare to unveil Central Yards Phase 1 in 2027, this celebration offers a glimpse of our spirit — imaginative, inclusive, and alive with creative energy. This partnership reflects and amplifies our ambition to reinvent Central, bringing fresh excitement and vitality to the Central Harbourfront.”

Designed for trendsetters, families, and the culturally curious, the Fair invites locals and visitors alike to experience art in a bold, new, multi-sensory way. Set within a nearly 20,000 sq ft purpose-built tent at the Central Harbourfront Event Space beside the future Central Yards development, this immersive journey spans ten galleries, each inspired by an iconic art movement and paired with a uniquely crafted edible creation. From Impressionism to Surrealism, Modernism to Neo-Pop, generations of artistic expression are reimagined through taste, texture, and imagination.

Two galleries will be dedicated to Hong Kong’s art landscape: Hong Kong Contemporary Art and the New Ink art movements. These will feature immersive, site-specific installations developed in collaboration with renowned Hong Kong artists exclusively for the Fair, with details to be announced soon. Visitors can expect an accessible, interactive, and photogenic experience that redefines how art is explored and enjoyed.

Rendering of “Feast Your Eyes” installation, inspired by Surrealism. Image Credit: Central Yards Edible Art Fair
Rendering of “Feast Your Eyes” installation, inspired by Surrealism. Image Credit: Central Yards Edible Art Fair

International Art Movements Presented in a Bold New Way

The “Pop It!” gallery, inspired by the Neo-Pop movement, is an installation delightfully decorated with reflective bubble shapes in different sizes. A jelly balloon dog confection is retrieved from a giant claw machine that dominates the space. “Roll With It”, inspired by Modernism, features colour block light boxes and panels. An attendant serves guests with a colourful piece of savoury and sweet edible ribbon – available in an assortment of block colours.

Expressionism is the inspiration for “Drip”, featuring floor and walls decorated in the expressionist style and a drink experience offering flavoured drinks through coloured tubes, which are served to visitors. “Go Bananas!” represents the Conceptual Art movement through a playful display of replica fruits taped to the wall. Extending the sensory journey, a delicious miniature edible banana taped to a board is offered for visitors to take.

The Surrealism movement is represented in “Feast Your Eyes”, with a fully laid table inside a veil of curtains. Visitors put their heads behind the veil to discover the vivid setting. A tin of edible pearls offers an unexpected Dali-esque element of surprise. “Blue-tiful” is an optical illusion focused on perspective that highlights Optical Illusion Artand plays with the shape of an egg to form a perfect round shape within an immersive, blue-lit backdrop. In this gallery, visitor will receive an ‘Op-art egg’, an egg-shaped puff pastry filled with egg custard, presented in a classic egg carton, extending the Optical Illusion Art experience into a perfect multi-sensory indulgence.

The Impressionism movement is showcased in “Bloomin’ Marvellous”, an installation in two parts. First, a garden of giant flowers followed by a floral animation gallery with bean bags. ‘Focaccia flowers’ are blooming throughout the gallery, each delicate paper blossom cradling a piece of focaccia at its centre, filling the space with the rich aroma of olive oil and rosemary that entices every visitor to take a bite. A study in Spatialism is presented in “Cabinet of Curiosities”, where guests are invited to pick a ball from a colourful central display before opening a matching cabinet. Inside, a chocolate bonbon awaits – igniting the taste buds in a sweet cocoon.

Early-bird Tickets Are On Sale Now

Early bird tickets are on sale now atwww.edibleartfair.com. Sessions run daily from 10am to 9pm, with timed entry slots available every 30 minutes. Early-bird ticket prices start from HK$256 per person for adults. Each ticket includes priority entry at a designated time slot, admission to all ten galleries, and ten exclusive edible treats.

In addition to the main experience, visitors can also join Edible Workshops, an engaging experience that allows participants to create their own edible art, further enhancing the interactive and educational enjoyment. Workshops are available at an additional cost of HK$280 per person, per session.

Further programming details will be announced at a later date. Stay up to date via the website at www.edibleartfair.com and on Instagram at https://www.instagram.com/edibleartfair/.
Hashtag: #CentralYards #EdibleArtFair #EAF

The issuer is solely responsible for the content of this announcement.

About Central Yards Edible Art Fair

Debuting in Hong Kong in 2026, the Central Yards Edible Art Fair concept is a first-of-its-kind immersive, multi-sensory experience that blends art, taste and imagination. The experiential concept is designed for the culturally curious global visitor. It brings iconic art movements to life through an interactive and highly visual journey. Central Yards Edible Art Fair pushes the boundaries of creativity and reimagines how art can be experienced, enjoyed, and savoured. For more information, please visit

About Central Yards

Central Yards, deeply rooted in Hong Kong, is Henderson Land Group’s most ambitious and sustainable mixed‑use development on the New Central Harbourfront. Spanning more than 1.6 million square feet of gross floor area, it is poised to become a global harbourfront icon for Hong Kong and the world, unfolding in two phases: Phase 1 in 2027 and Phase 2 in 2032.

Inspired by the concept of “The Bridge,” this transformative groundscraper aims to foster superconnectivity and integration with its surroundings, bridging commerce, culture, and lifestyle.

Central Yards will reinvent Central by offering a dynamic blend of experiential retail, premium office space, a Broadway‑calibre theatre, event venues, and extensive public open and green spaces, shaping a bold new chapter for Hong Kong. For more information, please visit .

Enfinity Global achieves Commercial Operation of First Project Under its 366 MW portfolio of PPAs with Microsoft

MILAN, Jan. 29, 2026 /PRNewswire/ — Enfinity Global announced today the commercial operation of the first project under its portfolio of Power Purchase Agreements (PPAs) with Microsoft in Italy.

An Enfinity Global solar PV plant in Italy
An Enfinity Global solar PV plant in Italy

 

The commercial operation of this first solar PV power plant, with a capacity of 33.8 MW AC, marks the beginning of a strategic relationship to support Microsoft’s sustainability goals through a reliable renewable energy supply.

This first PPA is part of a larger collaboration for up to 366 MW AC, which includes additional renewable energy projects already under construction in Italy.

Under the collaboration, Enfinity and Microsoft will also seek to make a positive impact by investing and creating jobs across various communities where our power plants are being built, including Lazio, Emilia-Romagna, and Basilicata.

Carlos Domenech, CEO of Enfinity Global: “We are delighted to provide solar energy electricity to a global technology leader like Microsoft. At Enfinity Global, our mission is to provide our global and local customers with reliable, value-added renewable energy solutions while we serve as a responsible member of the communities where we operate our power plants.”

Enfinity Global Inc., together with its subsidiaries, is a leading U.S.-based renewable energy and sustainability services company founded in 2019. The company owns a 39.3 GW portfolio of renewable energy and storage projects, including operational, under-construction, and development assets, with an additional 37 GW under negotiation across the U.S. With offices in the U.S., Europe, Japan, and India, Enfinity aims to contribute to a low-carbon economy. Enfinity’s leadership team is one of the most experienced global teams in renewables and brings over $41 billion of financing experience in the renewable energy sector with over 26 GW of developed and acquired solar and wind assets.

Enfinity Global continues to lead the solar PPA market in Italy, having contracted 808 MW in the past two years with major corporate and industrial clients.

Ascletis Announces Positive Topline Results from Its Phase III Open-Label Study of Denifanstat (ASC40), a First-in-Class, Once-Daily Oral FASN Inhibitor for Acne

–  Denifanstat (ASC40), a once-daily oral fatty acid synthase (FASN) inhibitor, demonstrated favorable safety and tolerability in a Phase III open-label study

–  The exceptional efficacy of denifanstat (ASC40) observed in the Company’s previously reported placebo-controlled Phase III trial coupled with a favorable safety profile in two Phase III trials provide a potential major break-through for the treatment of acne

–  New Drug Application for denifanstat (ASC40) for acne was recently accepted by the China National Medical Products Administration

HONG KONG, Jan. 29, 2026 /PRNewswire/ —  Ascletis Pharma Inc. (HKEX: 1672, “Ascletis”) today announced positive topline results from the Phase III open-label study (NCT06248008) evaluating denifanstat (ASC40), a first-in-class, once-daily oral small molecule fatty acid synthase (FASN) inhibitor, in patients with moderate-to-severe acne vulgaris.

This recently completed second Phase III study was an open-label, multicenter study in China designed to evaluate the long-term safety of denifanstat (ASC40) in 240 patients with moderate to severe acne vulgaris. All the 240 patients, previously treated with denifanstat (ASC40) or placebo for 12 weeks, received denifanstat (ASC40) once daily for 40 weeks. The primary endpoints included: (1) incidence of treatment-emergent adverse events (TEAEs); (2) incidence of serious adverse events (SAEs); and (3) incidence of discontinuation due to adverse events (AEs). Denifanstat (ASC40) demonstrated a favorable safety and tolerability profile. Most TEAEs were mild (grade 1) and moderate (grade 2). There were no denifanstat (ASC40)-related grade 3 or 4 AEs and no denifanstat (ASC40)-related SAEs. No deaths were reported.

In June 2025, Ascletis announced that denifanstat (ASC40) met all primary, key secondary, and secondary endpoints in the 480-patient randomized, double-blind, placebo-controlled Phase III clinical trial (NCT06192264) for the treatment of moderate to severe acne vulgaris (Press Release).

The mechanisms of action of denifanstat (ASC40) for the treatment of acne are (1) direct inhibition of sebum production, through inhibition of de novo lipogenesis (DNL) in human sebocytes; and (2) inhibition of inflammation, through decreasing cytokine secretion and Th17 differentiation. Denifanstat (ASC40)’s unique mechanism of action directly reduces one of the main underlying causes of acne which is the overproduction of sebum. This sets denifanstat (ASC40) apart as most other acne treatments do not treat the underlying cause of the condition.

Denifanstat (ASC40) is licensed from Sagimet Biosciences Inc. (Nasdaq: SGMT) for exclusive rights in Greater China.

About Ascletis Pharma Inc.

Ascletis Pharma Inc. is a fully integrated biotechnology company focused on the development and commercialization of potential best-in-class and first-in-class therapeutics to treat metabolic diseases. Utilizing its proprietary Artificial Intelligence-assisted Structure-Based Drug Discovery (AISBDD) and Ultra-Long-Acting Platform (ULAP) technologies as well as Peptide Oral Transport ENhancement Technology (POTENT), Ascletis has developed multiple drug candidates in-house, including both small molecules and peptides, such as its lead program, ASC30, a small molecule GLP-1R agonist designed to be administered once daily orally and once monthly to once quarterly subcutaneously as a treatment therapy and a maintenance therapy for chronic weight management; ASC36, a once-monthly subcutaneously administered amylin receptor peptide agonist, ASC35, a once-monthly subcutaneously administered GLP-1R/GIPR dual peptide agonist and ASC37, a GLP-1R/GIPR/GCGR triple peptide agonist for chronic weight management. Ascletis is listed on the Hong Kong Stock Exchange (1672.HK). For more information, please visit www.ascletis.com.

Contact:

Peter Vozzo
ICR Healthcare
443-231-0505 (U.S.)
Peter.vozzo@icrhealthcare.com

Ascletis Pharma Inc. PR and IR teams
+86-181-0650-9129 (China)
pr@ascletis.com
ir@ascletis.com 

CN Energy Group Inc. Announces Entry into Framework Agreement for Proposed Acquisition of Blessing Logistics Ltd.

LISHUI, China, Jan. 29, 2026 /PRNewswire/ — CN Energy Group Inc. (NASDAQ: CNEY) (“CNEY” or the “Company”) today announced that, on January 25, 2026, it entered into a framework agreement (the “Framework Agreement”) with the shareholders of Blessing Logistics Ltd. (“Blessing Logistics”), an oil trading company incorporated in Alberta, Canada, regarding a potential acquisition transaction.

Pursuant to the Framework Agreement, the parties have agreed to negotiate in good faith toward a definitive share purchase agreement to which CNEY would acquire approximately 82% of the equity interests in Blessing Logistics, representing equity with voting rights, in consideration for the issuance of the Company’s Class A ordinary shares. The aggregate value of consideration is currently expected to be approximately US$2.0 million, based on assumptions to be agreed by the parties, and is subject to change based on, among other things, due diligence results, final valuation, market conditions, and the terms of the definitive agreement. If the parties do not enter into a definitive share purchase agreement within 60 days following the execution date of the Framework Agreement, either party may terminate the Framework Agreement upon written notice.

Founded in 2015, Blessing Logistics is an oil trading company registered with the Alberta Energy Regulator (AER). According to information provided by Blessing Logistics, it holds a Canadian crude oil export license and is a qualified trader within the China National Petroleum Corporation (CNPC) system. Blessing Logistics is primarily engaged in oil trading and the export of crude oil and bitumen in Canada.

The Company believes that if completed, this proposed transaction could represent an important step in CNEY’s expansion into the energy sector, and its business development in the North American market. In recent years, the Company has promoted its activated carbon products for use in oilfield-related applications, and through these commercial activities, the Company identified the value and potential underlying oilfield and related energy trading opportunities. If the proposed transaction is consummated, CNEY currently plans to use Blessing Logistics as a platform to pursue oil trading and related upstream investment opportunities. The completion of the proposed transaction is subject to, among other things, the negotiation and execution of a definitive acquisition agreement, the satisfactions of customary closing conditions, and applicable regulatory and corporate approvals. There can be no assurance that these conditions will be satisfied or that the proposed transaction will be completed.

Wenhua Liu, the interim CEO of CNEY, commented: “If the proposed transaction is completed, we believe it could represent an important step in CNEY’s global strategic expansion. Blessing Logistics’ comprehensive compliance structure, export licenses, and trading qualifications could provide a foundation for our entry into the energy market. If the transaction closes, we plan to leverage this platform to pursue opportunities in energy trading and upstream investment, with the objective of building long-term value for our shareholders.”

About CN Energy Group. Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol “CNEY.” CNEY has pioneered and specialized in producing high-quality recyclable activated carbon from raw carbon materials, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental and ecologic benefits. CNEY’s products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. CNEY also develops and provides customizable robotics products, automation tools, and related software solutions for small and medium-sized industrial, logistics, and service businesses in North America. For more information, please visit the Company’s website at www.cneny.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “will,” “would,” and similar expressions. Forward-looking statements are based on current beliefs, expectations, and assumptions and are not guarantees of future performance.

Forward-looking statements in this press release include, among other things, statements regarding the proposed acquisition of Blessing Logistics Ltd., the ability of the parties to enter into a definitive agreement, the timing and likelihood of completing the proposed transaction, the issuance and value of any shares to be issued as consideration, and the Company’s expectations regarding its future business development. These statements are subject to risks and uncertainties, including those described under “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, and actual results may differ materially, including if the parties do not enter into definitive agreements, required approvals are not obtained, or the Company is unable to integrate the business or realize the anticipated benefits of the transaction.

Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to update them, except as required by law. Information on the Company’s website or social media is not incorporated by reference into this press release.