On May 6th, a “public letter” signed by Wang Hai, the founder and president of Qingdao Shuangxing Celebrity Group Co., Ltd. (referred to as “Shuangxing Celebrity Group”), spread widely on the internet, alleging that his son, Wang Jun, daughter-in-law Xu Ying, and grandson Wang Zidong attempted to “seize power” through violent means, trying to grab the group’s official seal and restricting personal freedom, sparking public attention.
In the “public letter”, Wang Hai, in his capacity as the legal person of the group, solemnly declared to suspend all external authorization stamping and other stamping businesses of Shuangxing Celebrity Group and Celebrity Hai Trading Company from today onwards, attributing any resulting losses to the “reckless actions of those who disregard the overall situation and brand development”.
A report by Red Star Capital Bureau also cited the contents of the public letter, stating that Wang Zidong had restrained personal freedom for two hours, while Xu Ying and Wang Jun led people to break into the office, destroy monitoring equipment, assault staff, and attempted to seize the official seal but failed. Wang Hai claimed in the letter that he had reported the incident to the public security authorities. Subsequently, reporters called several public security bureaus in Qingdao to verify the report, but the staff stated that they could not disclose any related information.
The public letter also mentioned that Xu Ying was verbally appointed in August last year to oversee the group’s financial work, but due to inadequate job performance, she was relieved of all duties on April 11.
In response to the contents of this public letter, reporters from Upstream News called subordinate enterprises of Shuangxing Celebrity Group on May 6th, and relevant staff denied the incident.
Information from the Tianyancha App shows that Qingdao Shuangxing Celebrity Import and Export Co., Ltd. is wholly owned by Shuangxing Celebrity Group, with Wang Hai serving as director and general manager. Business registration information shows that since 2022, Qingdao Xingmaidagong Trading Co., Ltd. holds 56.9% of the shares of Shuangxing Celebrity Group through capital increase, becoming the largest shareholder, while founder Wang Hai holds 21.8% of the shares, making him the second largest shareholder but still serving as chairman (president), general manager, and legal representative. Wang Jun and Xu Ying serve as supervisors and directors of the company, respectively. It is worth noting that Xingmaidagong Trading is 80% owned by Xu Ying and 10% by Wang Jun. Through equity penetration, Xu Ying is the actual controller of Shuangxing Celebrity.
Public information shows that currently, the brand value of Shuangxing is 49.2 billion yuan, and Wang Hai’s personal value is 32.1 billion yuan. The company’s main business is the research, production, and sale of tires.
The emergence of this “public letter” has exposed the internal conflicts of this long-established enterprise to the public, triggering widespread attention on issues of family business succession and power struggles. At present, the authenticity of the incident and its subsequent developments await further investigation and response from official authorities.