On December 26, 2023, Yueyang Xingchang Petro-Chemical Co., Ltd. closed the transaction. The transaction included participation from Sinopec Assets Management Co., Ltd for 14,116,283 shares CNY 223,037,271.40, CECEP (Hubei) Environmental Protection Industry Equity Investment Fund Partnership Enterprise (L.P.) for 3,164,556 shares CNY 49,999,984.80, National Research Strategic Emerging Industry Investment Fund (Chuzhou) Partnership managed by Chengtong Fund Management Co., Ltd. and Guotiao Zhanxin Investment Management (Anhui) Co., Ltd. for 4,430,379 shares CNY 69,999,988.20, Penghua Fund Management Co., Ltd for 7,911,392 shares CNY 124,999,993.60, China Universal Asset Management Company Ltd for 2,848,101 shares CNY 44,999,995.80, Caitong Fund Management Co., Ltd. for 7,278,481 shares CNY 114,999,999.80, Nuode Asset Management Co., Ltd for 12,151,898 shares CNY 191,999,988.40, Jinan Huizheng Investment Partnership Enterprise (L.P.) for 9,715,161 shares CNY 153,499,543.8.

On January 4, 2024, the company announced it has received approval from board of directors 10th Meeting of the 16th Board of Directors and 9th Meeting of the 16th Board of Supervisors