Report on the Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising for Qingdao Doublestar Co., Ltd.

Qingdao Double Star Co., Ltd.·June 5, 2026·43 pages

✨ AI Summary

Qingdao Doublestar Co., Ltd. issued shares and paid cash to acquire assets while raising supporting funds through a private placement. The total funds raised amounted to approximately RMB 799.99 million, with 173,913,043 shares issued. The funds will be used to enhance liquidity and repay debts, thereby optimizing the company's capital structure and reducing financial risks.

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Full Translation

AI Translation· azure_openai

Basic Information of the Issuer

Company Name: Qingdao Doublestar Co., Ltd.
Legal Representative: Chai Yongsen
Established: April 24, 1996
Registered Address: 666 Lianghe Road, Huangdao District, Qingdao, Shandong Province
Stock Code: 000599.SZ
Business Scope: Tire manufacturing, sales, rubber products manufacturing, technology import and export, and investment activities.

Issuance Procedures

Decision and Approval Procedures: The transaction has been approved by multiple board meetings and has received necessary regulatory approvals, including from the China Securities Regulatory Commission (CSRC).
Funds Received and Verification: As of June 3, 2026, the total subscription amount received was RMB 799,999,997.80, with a net amount of RMB 791,208,340.20 after deducting issuance costs.

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