On August 14th, 2024, Qingdao Doublestar announced the convening of the 12th meeting of the 10th Board of Directors, which approved the proposal to publicly list and transfer 100% equity of Guangrao Jixing Tire Co., Ltd. The Guangrao Jixing equity will be listed for public transfer on the Qingdao Property Rights Exchange at a price of 205 million yuan. The company stated that this equity transfer is beneficial to the company's strategic optimization and adjustment and will not have any adverse effects on the financial condition and normal operations of the company. If the equity transfer is completed smoothly, Guangrao Jixing will no longer be included in the company's consolidated financial statements.