Xinjiang Tianfu Energy Co., Ltd. agreed to acquire a 45.87% stake in Xinjiang Tianfu Energy Sales Co., Ltd. from CCB Financial Asset Investment Co., Ltd. for approximately CNY 720 million on July 14, 2023. As of March 31, 2023, Xinjiang Tianfu Energy reported total assets of CNY 1.33 billion and net assets of CNY 1.09 billion. The acquisition has been considered and approved at the 36th meeting of the 7th board of directors of the Xinjiang Tianfu Energy Sales on July 14, 2023.

The transaction is approved by the board and still needs to be submitted to the Xinjiang Tianfu Energy's general meeting of shareholders for consideration. As of July 31, 2023, the transaction is approved by the shareholders of Xinjiang Tianfu Energy.