On January 21, 2020, Tong Petrotech Corp. (SZSE:300164) closed the transaction. The company issued 62,448,130 shares at a price of CNY 4.82 per share for gross proceeds of CNY 300,999,987. The transaction included participation from Capitech Venture Capital Co., Ltd. for CNY 29,999,998.12, Shaanxi Province Private Economy High-Quality Development Bailout Fund Partnership Enterprise (Limited Partnership) for CNY 120,999,997.88, Lianchu Securities Co., Ltd. for CNY 49,999,995.26 and individual investor Sun Weijie for CNY 99,999,995.34. The company paid expenses CNY 5,751,294.38 as expenses and received net proceeds CNY 295,248,692.22.