{"url_path":"/sec/cdtg/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**","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":1191,"has_tables":true,"body_markdown":"**ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n \n\n**A. Major Shareholders**\n\n \n\nPlease refer to “Item 6.\nDirectors, Senior Management and Employees-E. Share Ownership.”\n\n \n\nOn April 17, 2026, the Company\nentered into securities purchase agreements with certain investors for the issuance and sale of an aggregate of 62,000,000 ordinary shares\nof the Company at a purchase price of $0.105 per share, for aggregate gross proceeds of $6,510,000. As of the date of issuance of the\nconsolidated financial statements, the Company had completed the transaction and received the proceeds in full. As a result of this offering,\nMr. Li’s ownership percentage of Class A ordinary shares decreased from 33.82% to 6.06%. Additionally Venture Million Limited and\nLuo Jia Holdings Limited ownership percentage of Class A ordinary shares decreased below 5% to 1.37% and .99%, respectively.\n\n \n\n**B. Related Party Transactions**\n\n \n\nDuring the last fiscal year and\nup to the date of this annual report, we have engaged in the following transactions with our directors, officers,\nholders of more than 5% of our outstanding shares and other affiliates, which we refer\nto as our related parties:\n\n \n\nAs of December 31, 2025, 2024,\nand 2023, certain related parties owed us the following amounts as a result of loans receivable. These amounts are included in the consolidated\nfinancial statements as other receivables - related parties. See Note 9 of the notes to the consolidated financial statements included\nelsewhere in this annual report.\n\n \n\n85\n\n \n\n \n\nName of Related Party\n \nRelationship\n \nNature\n \nDecember 31, 2025\n \nDecember 31, 2024\n \nDecember 31, 2023\n\n \n \n \n \n \n \n \n \n \n \n \n\nFujian Tantan Technology Co, Ltd (“FJ Tantan”)\n \nFJ Tantan’s legal representative is the secretary of Fujian Hongfa Group Ltd (“Fujian Hongfa”). Fujian Hongfa is the shareholder of FJ LSY.\n \nInterest free, due June 15, 2026\n \n$\n112,683\n \n \n$\n109,621\n \n \n$\n251,271\n \n\nFuzhou Jinhui\nEnvironmental\nservice Co, Ltd\n \nFujian Jinshun environmental Co, Ltd (“Jinshun”) is the major shareholder of FZ Jinhui. Weihao Chen is the Major shareholder of Jinshun, and the legal representative of FZ LSY.\n \nInterest free, due on August 31, 2026\n \n \n12,069\n \n \n \n—\n \n \n \n4,459\n \n\nYueyu Qi\n \nSpouse of Wang who is a supervisor of\nHuzhou CDT\n \nInterest free, debts offset claims, signed April 2025\n \n \n—\n \n \n \n13,911\n \n \n \n—\n \n\nTotal\n \n \n \n \n \n$\n124,752\n \n \n$\n123,532\n \n \n$\n255,730\n \n\n \n\n86\n\n \n\n \n\nAs of December 31, 2025, 2024,\nand 2023, we owed certain related parties the following amounts as a result of advance payments.\n\n \n\nName of Related Party\n \nRelationship\n \nNature\n \nDecember 31, 2025\n \nDecember 31, 2024\n \nDecember 31,\n2023\n\n \n \n \n \n \n \n \n \n \n \n \n\nWanqiang Lin\n \nDirector of\nUltra HK\n \nAdvance payment for operational expenses of the Company pending for reimbursement\n \n \n256,348\n \n \n \n256,863\n \n \n \n270,806\n \n\n \n\nThese amounts are included in the\nconsolidated financial statements as other payables - related parties. See Note 10 of the notes to the consolidated financial statements\nincluded elsewhere in this annual report.\n\n \n\n87\n\n \n\n \n\nAs of December 31, 2025, 2024,\n2023, we owed certain related parties the following amounts as a result of loans payable.\n\n \n\nName of Related Party\n \nRelationship\n \nNature\n \nDecember 31, 2025\n \nDecember 31, 2024\n \nDecember 31, 2023\n\n \n \n \n \n \n \n \n \n \n \n \n\nShenzhen Li Yaxin Industrial Co., Ltd\n \nYunwu Li, our chief executive officer and chairman of our board of directors and chairman of the board of directors and general manager of Shenzhen CDT Environmental Technology Co., Ltd., is the sole shareholder of this entity\n \nInterest-free loans due on December 31, 2025, extended to December 31, 2026\n \n$\n90,804\n \n \n$\n97,379\n \n \n$\n96,009\n \n\nBeijing Minhongyun Energy Supply Co. Ltd.\n \nYunwu 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 director of this entity\n \nInterest-free loans due on November 30, 2025 extended to November 30, 2026\n \n \n1,078,206\n \n \n \n1,048,912\n \n \n \n1,064,566\n \n\nJianzhong Zhao\n \nLegal representative, general manager and director of Hohhot CDT Environmental Technology Co., Ltd.\n \nInterest-free loans, due on December 31, 2025 (extended to December 31, 2026)\n \n \n176,073\n \n \n \n237,868\n \n \n \n299,772\n \n\nJianshan Ma\n \nDirector and general manager of Chengde CDT Environmental Technology Co., Ltd.\n \nInterest-free loans, due on December 31, 2025 (extended to December 31, 2026)\n \n \n85,746\n \n \n \n95,264\n \n \n \n117,279\n \n\nYunwu Li\n \nOur 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.\n \nInterest-free loans, due on October 31, 2025, extended to December 31, 2026\n \n \n635,131\n \n \n \n846,854\n \n \n \n3,446,578\n \n\nYan Wang\n \nRelative of Ying Wang, supervisor of Huzhou CDT Environmental Technology Co., Ltd.\n \nInterest-free loans, due on February 28, 2025 (extended to February 28, 2027)\n \n \n179,120\n \n \n \n157,978\n \n \n \n160,052\n \n\nYaoyu Zhou\n \nSpouse of Ying Wang, Supervisor of Huzhou CDT Environmental Technology Co., Ltd.\n \nInterest-free loans, due on November 2, 2024\n \n \n—\n \n \n \n—\n \n \n \n155,308\n \n\nGuangxi Jingxingming Eletrical Ltd\n \nThe legal representative of this entity is also the legal representative of Guangxi CWT Environmental Technology Co., Ltd. (1)\n \nInterest-free loans, due on August 22, 2024\n \n \n—\n \n \n \n—\n \n \n \n14,119\n \n\nZhaozhao Xu\n \nGeneral Manager of Chengde CDT Environmental Technology Co., Ltd.\n \nInterest-free loans, due on December 31, 2024\n \n \n—\n \n \n \n—\n \n \n \n32,473\n \n\nShaozhao Xu\n \nProject manager of Shenzhen CDT Environmental Technology Co., Ltd.\n \nInterest-free loans, due December 31, 2026\n \n \n315,595\n \n \n \n310,639\n \n \n \n—\n \n\nTotal\n \n \n \n \n \n$\n2,560,675\n \n \n$\n2,794,894\n \n \n$\n5,386,156\n \n\n  \n\n88\n\n \n\n  \n\nInterest expense pertaining to\nthe above loans for the years ended December 31, 2025, 2024, and 2023, amounted to $0, $0, and $0, respectively.\n\n \n\nThese amounts are included in the\nconsolidated financial statements as short-term loans - related parties. See Note 9 of the notes to the consolidated financial statements\nincluded elsewhere in this annual report.\n\n \n\nYunwu Li, our chief executive officer\nand chairman of our board of directors and chairman of the board of directors and general manager of Shenzhen CDT Environmental Technology\nCo., Ltd., Chun’E Zhao, legal representative, general manager and director of Guangxi CWT Environmental Technology Co., Ltd., our\nprior subsidiary, Weihao Chen, legal representative, general manager and director of Fuzhou LSY Environmental Technology Co., Ltd., our\nsubsidiary, and Yunhui Xu, legal representative of Taiyuan CDT Environmental Technology Co., Ltd., our subsidiary, were, and/or are, guarantors\nof certain of our short-term and long-term loans. See “Item 5. Operating and Financial Review and Prospects-B. Liquidity and capital\nresources” and Note 9 of the notes to the consolidated financial statements included elsewhere in this annual report.\n\n \n\n**Policies and Procedures\nfor Related Party Transactions**\n\n \n\nOur board of directors has created\nan audit committee which is tasked with review and approval of all related party transactions.\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 have agreed to serve as our executive officers.\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\nwith claims made by reason of their being a director or 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.\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees Management-B. Compensation-Employment Agreements, Director Agreements\nand Indemnification Agreements” for additional information.\n\n \n\n**C. Interests of Experts and Counsel**\n\n \n\nNot applicable."}