In April 2004, the "Delong Incident" broke out and a financial crisis occurred in Tunhe. At the beginning of August, China Cereals, Oils and Foodstuffs (Group) Company entrusted a loan to provide assistance funds of 400 million yuan; At the same time, Tunhe Assets was entrusted by China Huarong Asset Management Company, and all economic activities of Tunhe were jointly managed and operated by the trustee of Huarong Asset Management Company, the supervisor of COFCO Group and the senior management of the original company, and the production and operation were basically in a normal state. After nearly a year of custody, on June 4, 2005, China Huarong Asset Management Company signed an equity transfer agreement with Tunhe shareholders Xinjiang Tunhe Group Co., Ltd., Xinjiang Sanwei Investment Co., Ltd., Xinjiang Delong (Group) Co., Ltd., Shanghai Chuangji Investment Development Co., Ltd. and China Cereals, Oils and Foodstuffs (Group) Co., Ltd., and on August 6, 2005, China Cereals, Oils and Foodstuffs (Group) Co., Ltd. signed a share transfer agreement with Xinjiang Bayi Iron and Steel Group Co., Ltd., transferring the social legal person shares of Tunhe held by China Huarong Asset Management Co., Ltd. and Xinjiang Bayi Iron and Steel Group Co., Ltd. to China Cereals, Oils and Foodstuffs (Group) Co., Ltd., and China Cereals, Oils and Foodstuffs (Group) Co., Ltd. held 44.8% of the total share capital of Tunhe, becoming the largest shareholder of Tunhe.
On July 8, COFCO Chairman and other senior executives came to Xinjiang to hold a press conference and Tunhe Manager's Meeting on the reorganization of COFCO in Xinjiang. At the same time, COFCO also sent people to introduce culture and business philosophy, which brought new vitality to Tunhe Investment Company and restored its reputation in the local society. Become the first enterprise in Delong Department to get out of the predicament.