{"url_path":"/sec/cdtg/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1793895/0001731122-26-000740-index.html","accession_number":"0001731122-26-000740","cik":"0001793895","ticker":"CDTG","issuer_name":"CDT Environmental Technology Investment Holdings Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1793895/0001731122-26-000740-index.html","primary_entity_key":"0001793895","primary_entity_name":"CDT Environmental Technology Investment Holdings Ltd"},"word_count":4512,"has_tables":true,"body_markdown":"**ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**\n\n \n\n**A. Directors and Senior Management**\n\n \n\nThe following table sets forth\ninformation regarding our directors and executive officers as of the date of this annual report. Unless otherwise stated, the business\naddress for our directors and executive officers is that of our principal executive offices located at C1, 4th Floor, Building 1, Financial\nBase, No. 8 Kefa Road, Nanshan District, Shenzhen, China 518057.\n\n \n\n77\n\n \n\n \n\n**Name**\n \n**Age**\n \n**Position**\n\nYunwu Li\n \n66\n \nChief Executive Officer and Chairman of the Board of Directors\n\nTiefeng Wang\n \n46\n \nChief Financial Officer\n\nYuntao Guan\n \n55\n \nChief Scientist\n\nXiong Zuhong\n \n50\n \nChief Scientist (New Energy)\n\nLing Kai\n \n37\n \nDirector\n\nLijun Cui\n \n53\n \nDirector\n\nYaohui Wang(1)(2)(3)\n \n56\n \nIndependent Director\n\nDongming Zhang(1)(2)\n \n59\n \nIndependent Director\n\nHarry D. Schulman(1)(3)\n \n74\n \nIndependent Director\n\nChen Xi(3)\n \n61\n \nIndependent Director\n\n \n\n(1) Member of audit committee.\n\n \n\n(2) Member of compensation committee.\n\n \n\n(3) Member of nomination and governance committee.\n\n \n\n**Yunwu Li** has\nserved as a member of our board of directors since November 2016, as chairman of our board of directors since January 2020, as our chief\nexecutive officer since September 2019, and as chairman of the board of directors and general manager of Shenzhen CDT Environmental Technology\nCo., Ltd., our subsidiary, since June 2015. From 1987 to 1996, Mr. Li served as general manager of Fujian Optical Instrument Co., Ltd.,\na company that specializes in manufacture of optical instruments, and has extensive management experience in the research and development,\nmanufacture, and processing of optical instruments, communicational devices, and environmental protection equipment. From July 1999 to\nNovember 2003, Mr. Li served as chairman of the board of directors of Fujian Furi Electronics Co., Ltd. (Ticker: 600203), a company listed\non the Shanghai Stock Exchange that specializes in manufacture and sales of electronic components. During his term of service, Mr. Li\nobtained extensive experience in general management, investments and operations. From March 2007 to May 2015, Mr. Li served as chairman\nof the board of directors and general manager of Beijing Xinyuan Shidai Real Estate Development Co., Ltd., a company that develops and\nmanages large scale real estate projects in China. During such time, Mr. Li was also involved in the investment in, and served as a consultant\nto, environmental protection companies. From March 2013 to May 2015, Mr. Li served as a consultant to Shenzhen CDT Environmental Technology\nCo., Ltd. Mr. Li is also the director of CDT Environmental Technology Holdings Limited since June 2015, one of our principal shareholders.\nMr. Li received a MBA degree from The Open University of Hong Kong. We believe Mr. Li’s extensive experience qualifies him to serve\non our board of directors.\n\n \n\n**Tiefeng Wang**has\nserved as our chief financial officer since November 2019. From January 2010 to July 2012, Mr. Wang served as an investment manager of\nZhejiang Feida Environmental Science & Technology Co., Ltd. (Ticker: 600526), a company listed on the Shanghai Stock Exchange that\nspecializes in emission control. From August 2012 to May 2015, Mr. Wang served as an audit manager of Zhejiang Weining Asset Appraisal\nOffice. From May 2015 to November 2019, Mr. Wang served as a financial controller of Xingyuan Environment Technology Co., Ltd. (Ticker:\n300266), a company listed on the Growth Enterprise Market of the Shenzhen Stock Exchange that specializes in comprehensive environmental\nservices. Mr. Wang is a certified public accountant in China. Mr. Wang received a Bachelor’s Degree in Industry and Business Administration\nfrom Hebei University of Geosciences.\n\n \n\n**Yuntao Guan** has\nserved as our chief scientist since September 2019 and as a consultant to Shenzhen CDT Environmental Technology Co., Ltd. since January\n2019. Mr. Guan has also served as professor, doctoral supervisor and director of the Institute of Environment of Shenzhen Graduate School\nof Tsinghua University since December 2010. Mr. Guan has not only accomplished breakthroughs in quick separation technology, but has also\nconducted research of other water treatment technologies, such as MBR. Mr. Guan is also the vice director of the National Environmental\nProtection Environmental Microorganisms Usage and Safety Control Key Lab and the director of Municipal Water Circulation and Water Environment\nSafety Assurance Engineering and Technology Research Center of Guangdong Province. Additionally, Mr. Guan is a part-time professor at\nThe Queensland University of Technology in Australia and was a guest professor at Kyoto University in Japan. Mr. Guan focuses on the research\nof theory and technology of integrated governance and treatment of water environment, distributed wastewater treatment in rural and urban\nareas, non-point source pollution control, and soil recovery, and he has published over 200 academic papers on industry magazines and\njournals both in China and abroad. Mr. Guan was in charge of and/or participated in several water-related projects and research projects\nthat were national, provincial and municipal level material water projects. Mr. Guan received a Ph.D. in Environmental Science and Engineering\nfrom the Department of Environment, Tsinghua University.\n\n** **\n\n****\n\n78\n\n \n\n** **\n\n**Xiong Zuhong** was appointed Chief Scientist\nfor New Energy on May 1, 2025. He has been a Professor-Level Senior Engineer at the Guangzhou Institute of Energy Conversion, Chinese\nAcademy of Sciences since April 2021, and serves as an adjunct graduate supervisor at several universities. His primary focus is on applied\ntechnology R&D in new and renewable energy.\n\n \n\nHe has developed integrated systems for energy recovery\nfrom organic solid waste (e.g., municipal solid waste at the county level) through gasification, combined with multi-energy sources (solar,\nwind, and geothermal), driving rural energy transformation and supporting rural revitalization. His work also includes resource recovery\nfrom solid waste for green building materials to advance carbon neutrality in the construction sector, as well as synergistic gasification\nof multi-source urban solid waste to produce hydrogen and methanol, facilitating urban green energy transition and contributing to China’s\ndual carbon goals.\n\n \n\nHe has led or participated in numerous national and\nprovincial key R&D projects, published over 60 papers (20 indexed by SCI/EI), and holds 59 granted patents—including 30 invention\npatents and 2 PCT international invention patents. He is a recipient of the Guangdong Provincial Science and Technology Progress Award\n(First Class) and the Gold Medal at the National Invention Exhibition.\n\n \n\n**Ling Kai** has served\nas a member of our board of directors since November 2025. holds a Bachelor’s degree in Finance from Jimei University (2011) and\nhas over 10 years of experience in finance and management. During his tenure at Bank of Communications Xiamen Branch (2011-2018), he led\ninitiatives in supply chain credit risk management, structured financing solutions, and cross-border operational coordination. Since 2018,\nhe has served as General Manager of Qishang Pioneer (Xiamen) Culture Media Co., Ltd.\n\n \n\nMr. Ling brings valuable expertise in capital markets,\nfinancing strategies, and corporate restructuring, which is expected to support the Company’s current strategic priorities.\n\n \n\n**Lijun Cui** has served as a member\nof our board of directors since January 2020 and as general manager of Shenzhen CDT Environmental Technology Co., Ltd. since November\n2017. From August 2013 to October 2016, Mr. Cui served as general manager of Zhejiang Yong Er Jia Environmental and Technology Co., Ltd.,\na company that specializes in food waste treatment equipment. Mr. Cui received a Bachelor’s Degree in Business Administration from\nJiangxi Normal University. We believe Mr. Cui’s extensive experience qualifies him to serve on our board of directors.\n\n \n\n**Yaohui Wang **has served as a member\nof our board of directors since February 2020. Mr. Wang has served as the managing director and the regional director of North China of\nBOC International (China) Co., Ltd., a company that provides financial services, since May 2015, where he played an important role in\nthe initial public offering of multiple well-known Chinese companies at the Stock Exchange of Hong Kong. From January 2014 to May 2015,\nhe served as the chief risk officer of Galaxy Futures Co., Ltd., a company that provides commodity futures brokerage, financial futures\nbrokerage, futures investment consulting, and other services. Mr. Wang has over 20 years of professional experience in finance and economics.\nHe is also a professor at Jilin University of Finance and Economics. He has written five monographs, including “Guidance of Securities\nBrokerage Business” and “Analysis of Financial Statements of Listed Companies under the New Accounting Standards”, and\nover 100 academic papers and economic comments published in the People’s Daily, China Economic Weekly, China Securities Journal\nand other publications. He is a certified senior accountant in China, a certified tax agent in China and an International Certified Internal\nAuditor (CIA). Mr. Wang received a Bachelor’s Degree in Commercial Economy from Jilin University of Finance and Economics and a\nMaster of Business Administration from Asia International Open University (Macau).We believe Mr. Wang’s extensive experience qualifies\nhim to serve on our board of directors.\n\n \n\n**Dongming Zhang **has served as a member\nof our board of directors of since March 2020. Mr. Zhang founded Beijing Jiu Zhang Bo Yi Information Technology Co., Ltd. in China in\nDecember 2013, a company dedicated to the research and application of financial technology, and application of such technologies to financial\ninvestments. Mr. Zhang founded IFDC, Inc. in the United States in August 2017, a global financial product design center that explores\nvarious investment opportunities and designs various financial investment products. Mr. Zhang led the team of IFDC, Inc. to complete the\nconstruction of an innovative asset dynamic management theory. This theory provides a comprehensive solution for asset management from\nthe perspectives of theory, process, risk control and implementation. Mr. Zhang received a Bachelor’s Degree in Thermal Engineering\nfrom Tsinghua University and a Doctoral Degree in Management Science and Engineering from the University of Chinese Academy of Sciences.\nWe believe Mr. Zhang’s extensive experience qualifies him to serve on our board of directors.\n\n \n\n79\n\n \n\n \n\n**Harry D. Schulman**, a U.S. citizen, has\nserved as a member of our board of directors since March 2020. Mr. Schulman has served as the chief executive officer of HairClinical\nLLC, a consumer product company, since November 2016, a director nominee of Hezhong International (Holding) Limited, an online peer-to-peer\nlending company, from August 2018 to June 2020, and a director of Infobird Co., Ltd, a software-as-a-service provider of innovative AI-powered\ncustomer engagement solutions, since June 2020. From April 2018 to November 2018, he also served as a director of Q.E.P. Co., Inc., a\nworldwide manufacturer, marketer and distributor of a broad line of flooring tools and accessories for the home improvement market. Since\nJanuary 2008, he has also served as President of HDS Consulting, LLC. From August 2008 to June 2010, he served as a director and chairman\nof the audit committee of Hancock Fabrics, Inc., a specialty retailer of crafts and fabrics. From February 2008 to July 2014, he served\nas the operating partner of Baird Capital Partners, a private equity and venture capital firm, during which he served on the board and\nadvisory board of various companies Baird Capital Partners have invested in, including Backyard Leisure, a BCP Fund IV portfolio company,\nAmoena GmbH, New Vitality LLC and Eckler’s LLC. Prior to that, Mr. Schulman held various senior management roles in Applica Incorporated\n(NYSE: APN), a manufacturer and distributor of a broad range of household appliances, from January 1989 to January 2007, including vice\npresident (1989-1993), chief financial officer (1989-1998), executive vice president (1994-1998), chief operating officer (1998-2004)\nand president and chief executive officer (2004-2007). Mr. Schulman received a Bachelor’s Degree in Business Administration-Accounting\nfrom the University of Dayton and a Master’s Degree in International Business from the University of Miami, Florida. We believe\nthat Mr. Schulman’s extensive experience qualifies him to serve on our board of directors.\n\n \n\n**Chen Xi** has served as a member of our\nboard of directors since November 2025. He holds a Master’s degree from the University of Science and Technology of China (1989).\nHe served as President of Faithpower Co., Ltd. (2000-2023) and Vice General Manager of CLP Putian Heping Technology Co., Ltd. (2023-2024).\nHe currently serves as Deputy Secretary-General of the Zhongguancun Super-Connected New Infrastructure Industry Innovation Alliance (since\n2023) and Vice President of the ZKJC (Hong Kong) Research Institute (since 2024).\n\n \n\nMr. Chen brings to the Board extensive industry experience,\ncross-border expertise, and a deep understanding of both Chinese and international markets, enabling him to provide valuable oversight\nand strategic guidance.\n\n \n\nNone of the events listed in Item\n401(f) of Regulation S-K has occurred during the past ten years that is material to the evaluation of the ability or integrity of any\nof our directors or executive officers.\n\n \n\n**Family Relationships**\n\n \n\nThere are no family relationships\nbetween our directors or executive officers.\n\n \n\n**B. Compensation**\n\n \n\n**Employment Agreements, Director Agreements and\nIndemnification Agreements**\n\n \n\nWe have entered into employment\nagreements with each of our executive officers, pursuant to which such individuals initially agreed to serve as our executive officers\nuntil August 31, 2020. Per the agreements, such terms have been automatically extended for successive twelve-month periods, most recently\nthrough August 31, 2025, and will continue to be automatically extended for successive twelve-month periods, unless the agreements are\nterminated in accordance with their terms. We entered into an employment agreement with our Chief Scientist (New Energy) on May 1, 2025.\nWe may terminate the employment for cause at any time for certain acts, such as conviction or plea of guilty to a felony or any crime\ninvolving moral turpitude, negligent or dishonest acts to our detriment, or misconduct or a failure to perform agreed duties. We may also\nterminate the employment without cause at any time upon 60 days’ advance written notice. Each executive officer may resign at any\ntime upon 60 days’ advance written notice.\n\n \n\nEach executive officer has agreed\nto hold, both during and after the termination or expiration of his employment agreement, in strict confidence and not to use, except\nas required in the performance of his duties in connection with the employment or pursuant to applicable law, any of our confidential\nor proprietary information or the confidential or proprietary information of any third party received by us and for which we have confidential\nobligations. Each executive officer has also agreed to disclose in confidence to us all inventions, designs and trade secrets which he\nconceives, develops or reduces to practice during his employment with us and to assign all right, title and interest in them to us, and\nassist us in obtaining and enforcing patents, copyrights and other legal rights for these inventions, designs and trade secrets.\n\n \n\nIn addition, each executive officer\nhas agreed to be bound by non-competition and non-solicitation restrictions during the term of the employment and for one year following\nthe last date of employment. Specifically, each executive officer has agreed not to: (i) engage or assist others in engaging in any business\nor enterprise that is competitive with our business, (ii) solicit, divert or take away the business of our clients, customers or business\npartners, or (iii) solicit, induce or attempt to induce any employee or independent contractor to terminate his or her employment or engagement\nwith us. The employment agreements also contain other customary terms and provisions.\n\n \n\n80\n\n \n\n \n\nWe have also entered into indemnification\nagreements with each of our executive officers and directors. Under these agreements, we have agreed to indemnify our directors and executive\nofficers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being a director\nor officer of our company.\n\n \n\nWe have also entered into director\nagreements with each of our directors which agreements set forth the terms and provisions of their engagement. Pursuant to the terms of\neach director agreement, our directors shall continue to serve until such director’s respective successor is duly elected or appointed\nand qualified or until such director’s earlier death, disqualification, resignation or removal from office. The director agreements\ndo not provide for benefits upon termination of employment.\n\n \n\n**Compensation of Directors and Executive Officers**\n\n \n\nFor the year ended December 31,\n2025, we paid an aggregate of approximately RMB 659,400 ($93,800), HKD 300,000 ($37,000) and USD $30,000 in cash to our directors and\nexecutive officers.\n\n \n\nWe have not set aside or accrued\nany amount to provide pension, retirement or other similar benefits to our directors and executive officers. Our subsidiaries are required\nby law to make contributions equal to certain percentages of each employee’s salary for his or her pension insurance, medical insurance,\nunemployment insurance and other statutory benefits and a housing provident fund.\n\n \n\n**Equity Awards**\n\n \n\nWe have not granted any equity\nawards to our directors or executive officers during the fiscal year ended December 31, 2025.\n\n \n\n**Incentive Compensation**\n\n \n\nWe do not maintain any cash incentive\nor bonus programs and did not maintain any such programs during the fiscal year ended December 31, 2025.\n\n \n\n**Director and Executive Officer Compensation\nTable**\n\n \n\nThe following table sets forth\ninformation regarding the compensation paid to our directors and our executive officers during the year ended December 31, 2025.\n\n \n\nName\n \nFees Earned in Cash\n \nAll Other Compensation\n \nTotal\n\nYunwu Li\n \n \nRMB 326,167  ($45,567)\n \n \n \n—\n \n \n \n RMB326,167($45,567)\n \n\nTiefeng Wang\n \n \nRMB 116,520 ($16,285)\n \n \n \n—\n \n \n \nRMB116,520 ($16,285)\n \n\nYuntao Guan\n \n \n—\n \n \n \n—\n \n \n \n—\n \n\nXiong Zuhong\n \n \nHKD 100,000 ($12,275)\n \n \n \n—\n \n \n \nHKD 100,000 ($12,275\n)\n\nLing Kai\n \n \n—\n \n \n \n—\n \n \n \n—\n \n\nLijun Cui\n \n \nRMB 216,675 ($30,282)\n \n \n \n—\n \n \n \nRMB216,675 ($30,282)\n \n\nYaohui Wang\n \n \nHKD 100,000 ($12,275\n)\n \n \n—\n \n \n \nHKD 100,000 ($12,275\n)\n\nDongming Zhang\n \n \nHKD 100,000 ($12,275\n)\n \n \n—\n \n \n \nHKD 100,000 ($12,275\n)\n\nHarry D. Schulman\n \n$\n30,000\n \n \n \n—\n \n \n$\n30,000\n \n\nChen Xi\n \n \n—\n \n \n \n—\n \n \n \n—\n \n\n  \n\n81\n\n \n\n \n\n**C. Board practices**\n\n \n\n**Board of Directors**\n\n \n\n**Duties of Directors**\n\n \n\nUnder Cayman Islands law, our board\nof directors has the powers necessary for managing, and for directing and supervising, our business affairs. The functions and powers\nof our board of directors include, among others:\n\n \n\n \n●\nconvening shareholders’ annual and extraordinary general meetings and reporting its work to shareholders at such meetings;\n\n \n\n \n●\ndeclaring dividends and distributions;\n\n \n\n \n●\nappointing officers and determining the term of office of the officers;\n\n \n\n \n●\nexercising the borrowing powers of our company and mortgaging the property of our company; and\n\n \n\n \n●\napproving the transfer of shares in our company, including the registration of such shares in our share register.\n\n \n\nUnder Cayman Islands law, all of\nour directors owe fiduciary duties to our company, including a duty of loyalty, a duty to act honestly and a duty to act in what they\nconsider in good faith to be in our best interests. Our directors must also exercise their powers only for a proper purpose. Our directors\nalso have a duty to exercise the skill they actually possess and such care and diligence that a reasonably prudent person would exercise\nin comparable circumstances. In fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles\nof association, as amended from time to time. Our Company has the right to seek damages if a duty owed by any of our directors is breached.\n\n \n\n**Composition of our Board of Directors**\n\n \n\nOur board of directors currently\nconsists of seven directors. Our board of directors is composed of a majority of independent directors. Our board of directors has determined\nthat each of Yaohui Wang, Dongming Zhang, Harry D. Schulman and Chen Xi is an “independent director” as defined under the\nNasdaq rules.\n\n \n\n**Committees of our Board of Directors**\n\n \n\nOur board of directors has established\nan audit committee, a compensation committee and a nomination and governance committee, which have the responsibilities and authority\nnecessary to comply with applicable Nasdaq and SEC rules. The audit committee is comprised of Yaohui Wang, Dongming Zhang and Harry D.\nSchulman. The compensation committee is comprised of Dongming Zhang and Yaohui Wang. The nomination and governance committee is comprised\nof Yaohui Wang, Harry D. Schulman and Chen Xi.\n\n \n\n*Audit Committee*\n\n \n\nYaohui Wang, Dongming Zhang and\nHarry D. Schulman serve as members of the audit committee. Yaohui Wang serves as the chair of the audit committee. The audit committee\nmembers satisfy the independence requirements of the Nasdaq rules and the independence standards of Rule 10A-3 under the Exchange Act.\nOur board of directors has determined that Yaohui Wang possesses accounting or related financial management experience that qualifies\nhim as an “audit committee financial expert” as defined by the rules and regulations of the SEC and Nasdaq. The audit committee\noversees our accounting and financial reporting processes and the audits of our financial statements. The audit committee is responsible\nfor, among other things:\n\n \n\n \n●\nappointing the independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by the independent auditors;\n\n \n\n \n●\nreviewing with the independent auditors any audit problems or difficulties and management’s response;\n\n \n\n \n●\ndiscussing the annual audited financial statements with management and the independent auditors;\n\n \n\n82\n\n \n\n \n\n \n●\nreviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures;\n\n \n\n \n●\nreviewing and approving all proposed related party transactions;\n\n \n\n \n●\nmeeting separately and periodically with management and the independent auditors; and\n\n \n\n \n●\nmonitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance.\n\n \n\n*Compensation Committee*\n\n \n\nDongming Zhang and Yaohui Wang\nserve as members of the compensation committee. Dongming Zhang serves as the chair of the compensation committee. The compensation committee\nmembers satisfy the independence requirements of the Nasdaq rules and the independence standards of Rule 10A-3 under the Exchange Act.\nThe compensation committee is responsible for overseeing and making recommendations to our board of our directors regarding the salaries\nand other compensation of our executive officers and general employees and providing assistance and recommendations with respect to our\ncompensation policies and practices.\n\n \n\n*Nomination and Governance Committee*\n\n \n\nYaohui Wang, Harry D. Schulman\nand Chen Xi serve as members of the nomination and governance committee. Yaohui Wang serves as the chair of the nomination and governance\ncommittee. The nomination and governance committee members satisfy the independence requirements of the Nasdaq rules and the independence\nstandards of Rule 10A-3 under the Exchange Act. The nomination and governance committee is responsible for identifying and proposing new\npotential director nominees to the board of directors for consideration and for reviewing our corporate governance policies.\n\n \n\nThe composition of these committees\nmeets the criteria for independence under, and the functioning of these committees comply with the applicable requirements of, the Nasdaq\nand SEC rules and regulations. We intend to comply with future requirements as they become applicable to us.\n\n \n\n**D. Employees**\n\n \n\nAs of December 31, 2025, we had\n68 employees, of whom 64 were full-time employees, 4 were part-time employees and all were located in China.\n\n \n\nOur success depends on our ability\nto attract, motivate, train and retain qualified personnel. We believe we offer our employees competitive compensation packages and an\nenvironment that encourages self-development and, as a result, have generally been able to attract and retain qualified personnel and\nmaintain a stable core management team. None of our employees are represented by a labor union or covered by a collective bargaining agreement.\nWe have never experienced any employment related work stoppages, and we consider our relations with our employees to be good.\n\n \n\nOn February 13, 2025, the Board\nof Directors of the Company adopted the 2025 Equity Incentive Plan (the “2025 Plan”), which became effective on the same date.\nThe 2025 Plan authorizes the issuance of up to 1,500,000 Class A ordinary shares and is intended to provide equity-based compensation\nto employees, directors, and consultants of the Company and its affiliates. Awards under the 2025 Plan may include non-qualified stock\noptions, incentive stock options, restricted stock awards, and unrestricted stock awards. As of March 28, 2025, all 1,500,000 Class A\nordinary shares have been issued to one employee and two consultants as equity-based compensation.\n\n \n\n**E. Share ownership**\n\n \n\nThe following table sets forth\ninformation with respect to the beneficial ownership of our ordinary shares as of the date of this annual report for:\n\n \n\n \n●\neach beneficial owner of 5% or more of our outstanding ordinary shares;\n\n \n\n \n●\neach of our directors and executive officers; and\n\n \n\n \n●\nall of our directors and executive officers as a group.\n\n \n\n83\n\n \n\n \n\nBeneficial ownership is determined\nin accordance with the rules of the SEC. These rules generally attribute beneficial ownership of securities to persons who possess sole\nor shared voting power or investment power with respect to those securities and include ordinary shares issuable upon the exercise of\noptions that are immediately exercisable or exercisable within 60 days of the date of this annual report. Percentage ownership calculations\nare based on 75,525,000 Class A ordinary shares, par value $0.0025 per share, outstanding as of April 30, 2026. There are no Class B ordinary\nshares, par value $0.0025 per share, outstanding as of April 30, 2026.\n\n \n\nExcept as otherwise indicated,\nall of the shares reflected in the table are ordinary shares and all persons listed below have sole voting and investment power with respect\nto the shares beneficially owned by them, subject to applicable community property laws. Fractional shares are rounded to the nearest\nwhole share herein. The information is not necessarily indicative of beneficial ownership for any other purpose.\n\n \n\nExcept as otherwise indicated in\nthe table below, addresses of our directors, executive officers and named beneficial owners are in care of CDT Environmental Technology\nInvestment Holdings Limited, C1, 4th Floor, Building 1, Financial Base, No. 8 Kefa Road, Nanshan District, Shenzhen, China 518057.\n\n \n\nName of Beneficial Owners\n \nNumber of Shares Beneficially\nOwned\n \nPercentage of Shares Beneficially\nOwned\n\n5% or Greater Shareholders:\n \n \n \n \n \n \n \n \n\nCDT Environmental Technology Holdings Limited (1)\n \n \n4,574,562\n \n \n \n\n6.06\n\n%\n\nDirectors and Executive Officers:\n \n \n \n \n \n \n \n \n\nYunwu Li (2)\n \n \n4,574,562\n \n \n \n\n6.06\n\n%\n\nTiefeng Wang\n \n \n—\n \n \n \n—\n \n\nYuntao Guan\n \n \n—\n \n \n \n—\n \n\nZuhong Xiong\n \n \n—\n \n \n \n—\n \n\nLing Kai\n \n \n—\n \n \n \n—\n \n\nLijun Cui\n \n \n—\n \n \n \n—\n \n\nYaohui Wang\n \n \n—\n \n \n \n—\n \n\nDongming Zhang\n \n \n—\n \n \n \n—\n \n\nHarry D. Schulman\n \n \n—\n \n \n \n—\n \n\nXi Chen\n \n \n—\n \n \n \n—\n \n\nAll current directors and executive officers as a group (9 persons)\n \n \n4,574,562\n \n \n \n\n6.06\n\n%\n\n \n\n \n \n\n \n\n84\n\n \n\n \n\n(1)\nThe registered address of CDT Environmental Technology Holdings Limited, a Cayman Islands company, is Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands. Mr. Li, our chief executive officer and chairman of our board of directors and chairman of the board of directors and general manager of Shenzhen CDT Environmental Technology Co., Ltd., is the sole director of CDT Environmental Technology Holdings Limited and may be deemed to hold voting and dispositive power over the ordinary shares held by CDT Environmental Technology Holdings Limited.\n\n(2)\nRepresents 4,574,562 ordinary shares held directly by CDT Environmental Technology Holdings Limited. Mr. Li, our chief executive officer and chairman of our board of directors and chairman of the board of directors and general manager of Shenzhen CDT Environmental Technology Co., Ltd., is the sole director of CDT Environmental Technology Holdings Limited. See footnote (1) above.\n\n \n\nAs of April 30, 2026, approximately 6.716% of our\nissued and outstanding ordinary shares are held in the United States by one record holder (CEDE & CO).\n\n \n\n**F. Disclosure of a registrant’s action to recover erroneously\nawarded compensation**\n\n \n\nNot applicable.\n\n \n\nEffective as of January 17,\n2024, our board of directors adopted an incentive-based compensation recovery policy, or the Clawback Policy. A copy of the Clawback Policy\nwas filed as Exhibit 97.1 to our Annual Report on Form 20-F for the fiscal year ended December 31, 2023 as filed with the SEC on May 15,\n2024."}