Doublestar-Dongfeng Tyre Co., Ltd. announced that it will raise CNY 450 million in an equity round of funding from returning investor Qingdao Doublestar Co.,Ltd on January 29, 2022. Post the closing, the registered capital will increase from CNY 50 million to CNY 500 million. Post the closing, the investor investor's direct stake will increase from 60% stake to 96% stake in the company.