Core Viewpoint - Two companies, ST Dongshi and *ST Huamei, have resolved their financial misconduct issues by repaying a total of 19.54 billion yuan, thus eliminating the risk of delisting [2][5]. Group 1: Company Actions - ST Dongshi's controlling shareholder and related parties used various methods to repay approximately 3.87 billion yuan of non-operating funds, completing the repayment before the deadline [3][4]. - *ST Huamei's controlling shareholder repaid 15.67 billion yuan, including interest, through a combination of dividend payments and the sale of all shares [5][6]. Group 2: Regulatory Context - The new delisting regulations emphasize the importance of internal controls and impose strict deadlines for companies to rectify financial misconduct, effectively deterring large shareholders from misappropriating funds [2][6]. - Since the implementation of the new delisting rules, a total of eight companies have resolved their financial misconduct issues, recovering over 80 billion yuan [6][7]. Group 3: Expert Opinions - Experts suggest that the new regulations have effectively prompted companies to clear their debts before the deadline, indicating a positive impact on corporate governance [5][6]. - Recommendations for further improvement include enhancing monitoring systems for fund flows, strengthening the responsibilities of intermediaries, and implementing stricter approval processes for related transactions [7][8].

Core Viewpoint - Both *ST Huamei and ST Dongshi have completed the rectification of fund occupation and will resume trading on August 19, 2023 [2][3] Group 1: *ST Huamei - On February 12, 2025, *ST Huamei received a directive from the China Securities Regulatory Commission requiring the recovery of 149,067.82 million yuan of occupied funds within six months [2] - Due to failure to complete the rectification before the deadline, *ST Huamei's stock was suspended from trading on August 13, 2023 [2] - The company has received a total of 156,695.89 million yuan from Shanghai Pengsheng, which includes all occupied funds and interest [3] Group 2: ST Dongshi - ST Dongshi resolved its fund occupation issue through compensation from its controlling shareholder and related parties, totaling 387,344,487.68 yuan, resulting in a zero balance for occupied funds [3][4] - On August 14, 2023, ST Dongshi signed a compensation agreement with restructuring investors to clear non-operating fund occupations amounting to 337,486,717.76 yuan [4] - The company also executed a debt transfer agreement for 49,857,769.92 yuan related to non-operating fund occupation with its controlling shareholder's related party [4] Group 3: Regulatory Context - In April 2024, the CSRC issued new regulations that include stricter delisting standards for companies with significant fund occupation issues [5] - Companies with non-operating fund occupations exceeding 200 million yuan or 30% of net assets must repay within six months to avoid delisting procedures [5] - Other companies, such as ST Xintong and Zhongli Group, have also resolved fund occupation issues through various means, including cash repayment and bankruptcy restructuring [5]

| 证券代码：603377 | 证券简称：ST 东时 | 公告编号：临 | 2025-150 | | --- | --- | --- | --- | | 转债代码：113575 | 转债简称：东时转债 | | | 东方时尚驾驶学校股份有限公司 关于部分募集资金账户资金解除冻结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 东方时尚驾驶学校股份有限公司（以下简称"公司"）于近日查询获悉，公 司控股子公司云南东方时尚驾驶培训有限公司（以下简称"云南东方时尚"）募 集资金账户资金已解除冻结，现将相关情况公告如下： 一、部分募集资金账户资金解除冻结的基本情况 三、其他风险提示 （一）公司是否进入重整程序尚存在重大不确定性 公司于 2025 年 7 月 10 日收到北京市第一中级人民法院（以下简称"北京一 中院"）送达的《决定书》，北京一中院决定对公司启动预重整，并指定东方时 尚驾驶学校股份有限公司清算组担任公司预重整期间的临时管理人。公司是否进 入重整程序尚存在不确定性。北京一中院同意公司预重整，尚不代表公司正式进 入重整程序 ...

Core Viewpoint - ST Dongshi has fully repaid the non-operating fund occupation of 387 million yuan, allowing its stock to resume trading on August 19 [1][2]. Group 1: Fund Repayment - As of August 17, the controlling shareholder, Dongshi Investment Co., and its affiliates repaid a total of 387 million yuan, resulting in a remaining balance of 0 yuan [2]. - The repayment was confirmed by Beijing Dehao International Accounting Firm through a special audit report [2]. - The repayment was part of a regulatory requirement to recover occupied funds by June 19, 2025, following a suspension of trading on June 20 [2]. Group 2: Restructuring Investment - On August 15, the company signed a restructuring investment agreement with 11 investors, including Shenzhen Fuli Industrial Development Co. and Beijing Zhongcheng Hehe Technology Development Center, committing to purchase a total of 500 million shares for 670 million yuan, at a price of 1.34 yuan per share [4]. - Beijing Daxing Investment Group, a state-owned enterprise, is participating in the restructuring investment and holds a total of 8,664,000 shares, representing 12.12% of the company's total shares [4]. Group 3: Uncertainties in Restructuring - The company is currently in the pre-restructuring phase, with uncertainties regarding its entry into formal restructuring procedures [5]. - The company has received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations, with no conclusive opinions or decisions received to date [5]. - There are risks associated with the restructuring investment agreement, including potential failure to fulfill investment obligations by the investors [5].

Core Viewpoint - The report provides a special audit on the non-operating fund occupation and repayment situation of the controlling shareholder and other related parties of Dongfang Shishang Driving School Co., Ltd, confirming that the financial information meets regulatory requirements [1][2]. Group 1: Audit Responsibilities - The management of Dongfang Shishang is responsible for the accurate and complete preparation and disclosure of the fund occupation and repayment situation [1]. - The registered accountants are responsible for providing a special audit opinion based on the audit procedures performed [1]. Group 2: Fund Occupation Summary - As of December 31, 2024, the total non-operating fund occupation by the controlling shareholder and other related parties amounts to 387.3445 million yuan [1][2]. - The occupation includes amounts from various related parties, with a significant portion attributed to Dongfang Shishang Investment Co., Ltd [2]. Group 3: Repayment Situation - The repayment of the non-operating fund occupation was completed through cash payments totaling 387.3445 million yuan by August 15, 2025 [3][4]. - The repayment involved multiple parties, including Beijing Jinhui Dingming Investment Management Co., Ltd, which contributed 60 million yuan, and Shenzhen Shenyuan Asset Management Co., Ltd, which contributed 8 million yuan [3][4].

Core Viewpoint - The recent announcements from *ST Huamei and ST Dongshi highlight the effectiveness of regulatory measures in addressing fund occupation issues, leading to the resolution of significant financial risks and the protection of investor rights [1][2][3]. Group 1: Company Actions - *ST Huamei resolved a fund occupation issue of 1.491 billion yuan by transferring shares held by its controlling shareholder, Shanghai Pengsheng, to repay the occupied funds and interest totaling 1.556 billion yuan [2]. - ST Dongshi initiated a pre-restructuring process to attract investors to compensate for the occupied funds, successfully recovering 337 million yuan through agreements with restructuring investors [3]. - Both companies completed their respective fund recovery processes before the end of the suspension period, effectively mitigating the risk of regulatory delisting [1][2][3]. Group 2: Regulatory Environment - The new delisting regulations introduced in April 2024 serve as a strong deterrent against fund occupation, mandating strict compliance and timely repayment to avoid delisting [4][5]. - The Shanghai Stock Exchange has actively monitored and communicated with both companies during the rectification period, issuing multiple notices to ensure compliance and protect shareholder interests [5]. - The overall number and amount of occupied funds in the capital market have significantly decreased due to the combined efforts of regulatory bodies and companies implementing tailored recovery plans [6].

Core Viewpoint - ST Dongshi has successfully resolved non-operational fund occupation issues, with a total repayment of approximately 387 million yuan, leading to a zero balance of occupied funds [1] Group 1: Financial Performance - The total amount repaid by the controlling shareholder and its affiliates through various means is approximately 387 million yuan [1] - The non-operational fund occupation has been fully cleared, resulting in a balance of 0 yuan [1] Group 2: Stock and Bond Resumption - ST Dongshi's stock and "Dongshi Convertible Bonds" are set to resume trading on August 19, 2025, following the completion of the rectification of fund occupation issues within the stipulated two-month suspension period [1]

Core Viewpoint - ST Dongshi (603377.SH) has resolved the risk warning situation related to the non-operational fund occupation by its controlling shareholder, Dongfang Shishang Investment Co., Ltd. [1] Group 1 - The company was previously under risk warning due to the non-operational occupation of funds by its controlling shareholder and related parties, with the balance exceeding 5% of the latest audited net assets and amounting to over 10 million yuan [1] - The company has applied to the Shanghai Stock Exchange for the removal of the corresponding risk warning, pending approval from the exchange [1] - If the application is approved, the company’s stock may still be subject to other risk warnings [1]

Core Viewpoint - The company, Oriental Fashion Driving School Co., Ltd., has applied to the Shanghai Stock Exchange to revoke certain risk warnings after resolving issues related to non-operational fund occupation by its controlling shareholder, Oriental Fashion Investment Co., Ltd. [1][4] Summary by Sections Company Risk Warnings - The company has been subject to three types of risk warnings, including negative opinions on internal control audits for the fiscal years 2023 and 2024, leading to its stock being labeled as "ST Dongshi" since May 6, 2024 [2][5] - The non-operational fund occupation reached approximately 387.34 million yuan, exceeding 5% of the company's latest audited net assets, which resulted in the implementation of risk warnings [2][3] Application for Revocation of Risk Warnings - The company has completed the rectification of non-operational fund occupation issues, with all funds returned, resulting in a balance of 0 yuan [3][4] - The company has submitted an application to the Shanghai Stock Exchange to revoke the risk warnings related to non-operational fund occupation, pending approval [5] Continuing Risk Warnings - Despite the resolution of the non-operational fund occupation issue, the company still faces two other risk warning situations, including ongoing concerns regarding its ability to continue as a going concern [5][6] - The company is actively taking measures to address these continuing risk warnings and will disclose progress updates [5] Uncertainty Regarding Restructuring - The company is currently in a pre-restructuring phase and has not yet received court documents regarding formal restructuring, leading to uncertainty about its future [2][6] - If the court accepts the restructuring application, the company's stock may face delisting risk warnings [6]

东方时尚驾驶学校股份有限公司 控股股东及其他关联方非经营性资金占用及清偿 情况的专项审核报告 德皓核字[2025]00001475 号 北 京 德 皓 国 际 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 东方时尚驾驶学校股份有限公司 控股股东及其他关联方非经营性资金占用及清偿情况的 专项审核报告 目 录 页 次 一、 东方时尚驾驶学校股份有限公司控股股东及 其他关联方非经营性资金占用及清偿情况的 专项审核报告 1-3 二、 控股股东及其他关联方非经营性资金占 用情况汇总表 4-5 三、 控股股东及其他关联方非经营性资金占 用清偿情况表 6-7 东方时尚驾驶学校股份有限公司 控股股东及其他关联方非经营性资金占用及清偿情况的 专项审核报告 德皓核字[2025]00001475 号 东方时尚驾驶学校股份有限公司全体股东： 我们接受东方时尚驾驶学校股份有限公司 以下简称 "东方时尚" 或"公司"）委托，审核了后附的东方时尚管理层编制 ...