Qingdao Double Star Co., Ltd. Announcement on the Approval and Registration of the Matters Concerning the Issuance of Shares and Payment of Cash to Purchase Assets and the Raising of Supporting Funds by the China Securities Regulatory Commission

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Security Code: 000599 Security Short Name: Qingdao DoubleStar Announcement No.: 2026-008

Qingdao DoubleStar Co., Ltd.

Announcement on the Reply Concerning Approval to Register for the Matters of Issuing Shares and Paying Cash to Acquire Assets and Raising Supporting Funds

This company and the members of its board of directors warrant that the contents of this announcement are true, accurate, and complete, and there are no false records, misleading statements, or material omissions.

Qingdao DoubleStar Co., Ltd. (hereinafter referred to as “Qingdao DoubleStar,” “the Company”) plans to issue shares and pay cash to acquire assets and raise supporting funds (hereinafter referred to as “this Transaction”). Ultimately, Qingdao DoubleStar is to indirectly hold 45% of the shares of Kumho Tire Co., Inc. (KUMHO TIRE CO., INC., hereinafter referred to as “Kumho Tire”) and control Kumho Tire.

On March 26, 2026, the Company received from the China Securities Regulatory Commission the “Reply on Approving the Registration of Qingdao DoubleStar Co., Ltd.’s Registration for the Issuance of Shares to Acquire Assets and the Raising of Supporting Funds” (Securities Regulatory Permit [2026] No. 550) (hereinafter referred to as the “Reply”). The main contents of the Reply are as follows:

“I. Approve your company’s application for registration for the issuance of 539,738,648 shares to DoubleStar Group Co., Ltd., 414,864,746 shares to Qingdao Chengtou Venture Investment Co., Ltd., and 497,837,695 shares to Qingdao Guoxin Capital Investment Co., Ltd. to acquire relevant assets.

II. Approve your company’s application for registration for issuing shares to raise supporting funds of no more than 800 million yuan.

III. Your company’s issuance of shares to acquire assets and raise supporting funds in this Transaction shall strictly comply with the relevant application documents submitted to the Shenzhen Stock Exchange.

IV. Your company shall, in accordance with relevant regulations, timely fulfill its information disclosure obligations.

V. Your company shall, in accordance with relevant regulations,办理相关手续.

VI. This Reply shall be valid for 12 months from the date of issuance.

VII. During the implementation process, if any major matters that are required by laws and regulations to be disclosed occur or any major issues are encountered, your company shall promptly report to the Shenzhen Stock Exchange and handle the matter in accordance with relevant regulations.”

The Company will, within the prescribed period, handle the matters related to this Transaction in accordance with the above Reply and the requirements of relevant laws and regulations, and according to the progress of such matters, strictly and in a timely manner fulfill its information disclosure obligations in accordance with the relevant laws and regulations and requirements. Investors are kindly requested to pay attention to investment risks.

This announcement is hereby made.

Qingdao DoubleStar Co., Ltd.

Board of Directors

March 27, 2026

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