Services Agreement with AA CORNERSTONE INC

On March 7, 2023, the board of directors of CN Energy Group. Inc. (the "Company"), approved the entry of a services agreement (the "Agreement") with AA CORNERSTONE INC (the "Consultant"), pursuant to which the Consultant agreed to provide to the Company certain consulting services in the areas of strategic advisory, sponsored editorial content, and digital marketing, from March 1, 2023 to May 30, 2023 (the "Services"). As consideration for such Services, the Company agreed to issue 2,000,000 restricted Class A ordinary shares, no par value, of the Company to the Consultant. The Agreement contained customary confidentiality, non-solicitation, indemnification, and arbitration provisions.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated by reference herein.

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CN Energy Group Inc. published this content on 10 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2023 21:15:53 UTC.