Xinjiang Mingxin Oil and Gas Exploration and Development Co., Ltd. announced that it will receive CNY 1,200 million in an equity round of funding on June 19, 2024. The transaction include the participation from returning investor Xinjiang Xintai Natural Gas Co., Ltd., hold 100% stake in the company. The transaction has been approved at the 18th meeting of the 4th Supervisory Board of the company.