Beijing Dade Guangyuan Petroleum Technical Services Co., Ltd. announced that it will receive a round of funding on December 15, 2021. The transaction will include participation from existing investor, Tong Petrotech Corp. After the transaction is completed, the company holds a 98.25% equity interest in the company.

The transaction has been reviewed and approved at the nineteenth meeting of the company's seventh board of directors and the tenth meeting of the seventh board of supervisors. It still needs to be submitted to the company's second extraordinary general meeting of shareholders in 2021 before it can be executed.