Qingdao Double Star: Issuance of shares and payment of cash to acquire assets and raise supporting funds approved

Qingdao Double Star Announcement: The company plans to issue shares and pay cash to acquire assets and raise supporting funds, in order to indirectly hold 45% of the shares of Kumho Tire Co., Inc. and gain control of Kumho Tire. The M&A Reorganization Review Committee of the Shenzhen Stock Exchange held the 2026 second review meeting on February 5, 2026. The review results indicate that this transaction meets the reorganization conditions and information disclosure requirements. This transaction is subject to approval and registration by the China Securities Regulatory Commission before implementation.