Other receivable

6 Months Ended

Mar. 31, 2026

Note 6 – Other receivable

On September 25, 2024, the Company, through its wholly owned subsidiaries in China, Zhejiang CN Energy and Manzhouli CN Energy, entered into a Share Transfer Agreement with Xinbaocheng Industrial Group Co., Ltd. (“Xinbaocheng”). Pursuant to the Share Transfer Agreement, Zhejiang CN Energy agreed to transfer 90% of its equity in CN Energy Development and its subsidiaries (Khingan Forasen and Zhongxing Energy), and Manzhouli CN Energy agreed to transfer its 10% of equity in CN Energy Development to Shanghai Xinbaocheng Industrial Group Co., Ltd. (“Xinbaocheng”) for a total purchase price of RMB138,204,751 ($19,029,128), which shall be paid by Xinbaocheng in installments according to the schedules set forth in the Agreement. Consideration of RMB6,910,238 ($951,456) was received in September 2024 and RMB131,294,513 (equivalent to $19,033,707 and $18,442,831 as of March 31, 2026 and September 30, 2025, respectively) was outstanding.

	As of			As of
	March 31,			September 30,
	2026			2025
	(unaudited)			(audited)
Other receivable	$	19,033,707		$	18,442,831
Less: allowance for credit losses		(19,033,707	)		(18,442,831	)
Other receivable, net		-			-

The movement of allowance for credit losses was as follows:

	For the Six		For the
	Months Ended		year ended
	March 31,		September 30,
	2026		2025
	(unaudited)		(audited)
Balance as of beginning of period	$	18,442,831		-
Addition		-		18,203,745
Translation adjustments		590,876		239,086
Balance as of end of period	$	19,033,707	$	18,442,831