On February 11, 2022, Tong Petrotech Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 31,413,610 shares at a price of CNY 3.82 per share for gross proceeds of CNY 119,999,990.20. The transaction has been approved by the China Securities Regulatory Commission. The transaction included participation from Jiang Li for 7,591,623 shares for gross proceeds of CNY 28,999,999.86, Binhaitiandi Investment Management Ltd-Binhai Chang'an No.1 Private Securities Investment Fund for 6,544,502 shares for gross proceeds of CNY 24,999,997.64, Caitong Fund Management Co., Ltd. for 4,973,821 shares for gross proceeds of CNY 18,999,996.22, Huang Sanmei for 3,926,701 shares for gross proceeds of CNY 14,999,997.82, Bei Jing Yan Heng Investment Co., Ltd - Yan Heng Yunqi No.

1 Private Securities Investment Fund for 3,141,361 shares for gross proceeds of CNY 11,999,999.02, Wen Xing for 2,617,801 shares for gross proceeds of CNY 9,999,999.82, Nuode Asset Management Co., Ltd. for 2,617,801 shares for gross proceeds of CNY 9,999,999.82.