Nankang Tyre took over [management rights" of Federal in Q4 2021

According to Federal Corporation`s 2021 annual report, which was published in mid-May 2022, on 15 October 2021, [major shareholder Nankang Rubber Tire Corp. Ltd. Nankang Rubber Tire Corp., Ltd-called an extraordinary shareholders meeting to obtain the management right[s]." Federal and Nankang representatives have been contacted by Tyres & Accessories for comment.

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