Qingdao Shuangxing Co., Ltd. Announces the Prolongation of the Asset Custody Term of Dongfeng (Shiyan) Tire Co., Ltd.


Qingdao Double Star Co., Ltd.
Announcement on Prolonging the Term of Assets Escrow of Dongfeng (Shiyan) Tire Co., Ltd.

The company and all members of the board of directors ensure that the contents of the announcement are true, accurate and complete, and there are no false records or misleading statements.
Or major omissions.

In view of: The Company and Dongfeng (Shiyan) Tire Co., Ltd. and Dongfeng Tire Factory Industrial Development Co. (hereinafter referred to as the abbreviation
"Dongfeng Tire" signed the "Asset Escrow Agreement" on March 18, 2005 (public notice No. 2005-009).
It is agreed that the term of asset custody shall be one year from the date of signing of the agreement. After the expiration of one year, the assets under custody cannot be restructured and sold to
At the time of this company, if the company is willing to continue to extend the term of asset custody, Dongfeng Tire agrees.

The company and "Dongfeng Tire" recently signed the "Asset Custody Supplement Agreement." The supplementary agreement stipulates that the company agrees to continue
Continue to extend the asset custody period until all the assets under custody are sold to the company; "Dongfeng Tire" agrees to continue the asset
It is entrusted to the company to manage and organize production operations until the assets under custody are reorganized according to procedures and reorganized and sold to the company.
Secretary time.

All other terms of the asset custody agreement will continue to be valid.

Special announcement.

Qingdao Double Star Co., Ltd. Board of Directors
April 3, 2006

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