Qingdao Double Star Shoes Co., Ltd. is currently one of the largest manufacturers of high-end sports shoes in China. It is a key enterprise of the Ministry of Chemical Industry and Qingdao City and a national second-level enterprise. The history of Double Star Group began in 1921 and has more than 90 years of shoemaking history. In 1955, it was renamed Qingdao Ninth Rubber Factory. In 1990, it developed into a cross-regional, cross-industry, multi-sector enterprise with "Double Star" brand shoes as the leader. Qingdao Double Star Shoes Group Co., Ltd. is a comprehensive enterprise group that coexists with two industries and integrates industry, commerce and trade. Qingdao Double Star Group Company was established in 1992. Doublestar Group currently has 90 subsidiaries and branches, nearly 20,000 employees, and fixed assets of more than 200 million yuan. The products produced by Double Star Group have obtained the only "National Well-known Trademark" in the country's shoe industry. In December 1995, the Qingdao Municipal People's Government officially issued a quota of 32 million A shares to Double Star Group Company, and approved it with Qingzhengzi [1995] No. 64 document. Double Star Group acted as the sole sponsor and established a joint-stock company by raising funds. . To this end, Double Star Group concentrated its high-end sports shoe business and invested the capital after the evaluation of its wholly-owned enterprises that operate high-end sports shoes, Double Star Group Sports Shoe Factory, Double Star Group's high-end shoe factory and its holding company Qingdao Tianxing Sports Shoes Co., Ltd. company, and converted into 68 million shares of the company, which are held by Double Star Group. After the reorganization, the company's output of high-end sports shoes reached 4 million pairs in 1995. The company's customers are all over the country, and exports account for about 20% of total sales, mainly exported to Southeast Asia, the United States, Europe and other countries and regions. Qingdao Double Star Shoes Co., Ltd. was sold on the Shenzhen Stock Exchange through online pricing on April 10, 1996. Stock type: registered ordinary shares. Par value per share: 1.00 yuan. Issue price per share: 4.9 yuan. Number of issues: 32,000. After the issuance of ,000 new shares, the company's total share capital will be 100 million shares and the registered capital will be RMB 100 million. Among them, there are 6,800 state-owned legal person shares, accounting for 68% of the total share capital, and 32 million public shares, accounting for 32% of the total share capital. Qingdao Double Star Group Co., Ltd. holds 68 million shares and is a shareholder holding more than 5 shares of the company before the issuance.