Core Viewpoint - The founder of Double Star, Wang Hai, announced a public statement on January 3, 2026, declaring the severance of his relationship with his son Wang Jun and daughter-in-law Xu Ying due to fundamental disagreements and irreconcilable conflicts [3][5]. Group 1: Family Dispute - Wang Hai's statement includes 11 points addressing issues such as succession disputes, the seizure of company seals, and property encroachment [3][5]. - He emphasized that both Wang Jun and Xu Ying hold American citizenship and asserted that the Double Star brand, as a national brand, should not be led by foreign nationals [5]. - Wang Hai accused them of attempting to erase his legacy by prohibiting the mention of his name, removing his image, and blocking access to core trademarks [5]. Group 2: Company Background - Double Star Group, originally established as a state-owned enterprise in 1921, has evolved into a leading shoe manufacturer in China, particularly noted for its dominance in the market during the 1980s [7]. - The company underwent restructuring in 2008, with its footwear business becoming independent as Double Star Group [7]. - The current legal representative of Double Star Group is Wang Hai, with a registered capital of approximately 100 million RMB, focusing on the production and sale of various footwear and materials [7]. Group 3: Shareholding Structure - The company is co-owned by Qingdao Xingmaida Industrial Trade Co., Ltd., Wang Hai, Wang Jun, and others, with Qingdao Xingmaida being the largest shareholder, holding about 69.48% [8]. - Xu Ying holds 80% of Qingdao Xingmaida, making her the actual controller of Double Star Group [8].