On October 14, 2021, Xinjiang Xintai Natural Gas Co., Ltd. closed the transaction. The company amended the terms of the transaction and issued 47,793,365 shares at CNY 16.88 per share for gross proceeds of CNY 806,752,001.2. The transaction included participation from returning investor and chairman of the company, Ming Zaiyuan which increased its holding from 134,650,949 shares at 35.80% stake to is 182,444,314 shares at 43.04% stake in the company. The company received net proceeds of CNY 799,886,535.76. On October 20,2 2021, the registration and custody procedures of the newly-increased shares have been completed at the Shanghai Branch of Zhongdeng Company. The new shares are tradable shares subject to sales restriction. The shares subscribed have a restriction period of 36 months and will be listed and traded on the Shanghai Stock Exchange on the next trading day after the restriction period expires. On October 21, 2020, the China Securities Regulatory Commission issued the Approval of the transaction via application No: [2020] No. 2646.