CN Energy (CNEY) director reports 631,391 Class B shares held via Weastfinace

Rhea-AI Filing Summary

CN Energy Group, Inc. reported director Wang Xinyang’s existing ownership on a Form 3. The filing shows indirect beneficial ownership of 631,391 Class B ordinary shares, which are held of record by Weastfinace Group Inc., a U.S. company wholly owned by Wang. The filing records holdings only and does not report new share purchases or sales.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wang Xinyang

Role null

Type	Security	Shares	Price	Value
holding	Class B ordinary shares	--	--	--

Holdings After Transaction: Class B ordinary shares — 631,391 shares (Indirect, by Weastfinace Group Inc.)

Footnotes (1)

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Key Figures

Indirect Class B ordinary shares: 631,391 shares Reporting person role: Director Ownership type: Indirect

3 metrics

Indirect Class B ordinary shares 631,391 shares Beneficially owned through Weastfinace Group Inc.

Reporting person role Director Wang Xinyang listed as director of CN Energy Group, Inc.

Ownership type Indirect Shares held of record by Weastfinace Group Inc.

Key Terms

Class B ordinary shares, beneficially owns, indirectly, Form 3

4 terms

Class B ordinary shares financial

"631,391 Class B Ordinary Shares are held directly of record by Weastfinace Group Inc."

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

beneficially owns financial

"Xinyang Wang indirectly and beneficially owns the 631,391 Class B Ordinary Shares."

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

indirectly financial

"which is 100% owned by Xinyang Wang, and accordingly, Xinyang Wang indirectly and beneficially owns"

Form 3 regulatory

"INSIDER FILING DATA (Form 3):"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Wang Xinyang

(Last) (First) (Middle)

BUILDING 1-B, ROOM 303

NO. 268 SHINIU ROAD LIANDU DISTRICT

(Street)

LISHUI

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
CN ENERGY GROUP. INC. [ CNEY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B ordinary shares	631,391	I	by Weastfinace Group Inc.(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 631,391 Class B Ordinary Shares are held directly of record by Weastfinace Group Inc., a United State company, which is 100% owned by Xinyang Wang, and accordingly, Xinyang Wang indirectly and beneficially owns the 631,391 Class B Ordinary Shares.

Remarks:

No securities are beneficially owned.

	/s/ Xinyang Wang	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider holdings does CN Energy Group (CNEY) report for Wang Xinyang on this Form 3?

The Form 3 shows that Wang Xinyang indirectly and beneficially owns 631,391 Class B ordinary shares of CN Energy Group. These shares are reported as existing holdings rather than new transactions or changes in ownership levels.

How are Wang Xinyang’s CN Energy Group (CNEY) shares held according to the Form 3?

The filing states that 631,391 Class B ordinary shares are held directly of record by Weastfinace Group Inc., a U.S. company that is 100% owned by Wang Xinyang, resulting in indirect and beneficial ownership by Wang.

Does the CN Energy Group (CNEY) Form 3 disclose any recent insider share purchases or sales?

No, this Form 3 records existing holdings only. It shows that 631,391 Class B ordinary shares are indirectly and beneficially owned by Wang Xinyang, without indicating any new purchases, sales, or other transactions in the reported securities.

What type of security does Wang Xinyang hold in CN Energy Group (CNEY) on this Form 3?

The Form 3 identifies the security as Class B ordinary shares of CN Energy Group. A total of 631,391 Class B ordinary shares are reported as indirectly and beneficially owned through Weastfinace Group Inc., which is wholly owned by Wang.

What does indirect and beneficial ownership mean in the CN Energy Group (CNEY) Form 3 for Wang Xinyang?

Indirect and beneficial ownership means Wang controls or benefits from the 631,391 Class B ordinary shares held by Weastfinace Group Inc. The footnote explains Weastfinace is 100% owned by Wang, so he is deemed to beneficially own those shares.