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Core Viewpoint - A public letter allegedly signed by Wang Hai, the founder of Qingdao Double Star, has circulated online, claiming he is being pressured by family members to relinquish control of the company [1][3] Group 1: Family Conflict - The public letter details an incident on April 11, where Wang Hai was reportedly held for two hours by his grandson, Wang Zidong, and was pressured to hand over management rights [3][4] - Wang Hai's daughter-in-law, Xu Ying, stated she is unaware of the letter's authenticity and promised a public response [3][4] - The conflict appears to have been triggered by the removal of Xu Ying from her financial management role on April 11 [5] Group 2: Company Background - Qingdao Double Star was founded in 2002 and controls around 30 enterprises, with Wang Hai holding a 21.88% stake and 52% in Qingdao Mingren Marine Trade Co., Ltd [5] - Xu Ying is identified as the actual controller of the group, holding a significant indirect stake [5] - The company has shifted focus from footwear to tires, with the tire business now being its primary revenue source [6][15] Group 3: Historical Context - The "Double Star" brand has a history dating back to 1921, originally producing rubber shoes [11][12] - Under Wang Hai's leadership, the company transitioned to sports shoes in 1986 and became a leading brand in China [13][14] - The rise of foreign brands and local competitors led to a decline in the footwear business, prompting a strategic shift to tire manufacturing [15]