Market Overview - The education sector experienced a decline of 1.74% on January 28, with Chuangye Heima leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Individual Stock Performance - Stocks in the education sector showed mixed results, with notable declines in several companies: - Chuangye Heima (300688) fell by 3.63% to a closing price of 31.03 [2] - Dou Shen Education (300010) decreased by 3.05% to 7.30 [2] - Xue Da Education (000526) dropped by 2.53% to 38.10 [2] - Conversely, some stocks like Angli Education (600661) and China Gaoke (600730) saw slight increases of 1.12% and 0.66%, respectively [1] Trading Volume and Capital Flow - The education sector saw a net outflow of 208 million yuan from main funds, while retail investors contributed a net inflow of 223 million yuan [2] - The trading volume for Angli Education was 78,100 shares with a transaction value of approximately 83.6 million yuan [1] Capital Inflow Analysis - Angli Education had a net inflow of 17.31 million yuan from main funds, representing 20.71% of its trading volume [3] - In contrast, major outflows were observed in stocks like Xue Da Education and ST Ka Yuan, with net outflows of 8.35 million yuan and 4.33 million yuan, respectively [3]

证券代码：603377 证券简称：ST 东时 公告编号：临 2026-019 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 关于公司股票被实施其他风险警示相关事项的 进展公告 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。 重要内容提示： 截至本公告披露日，东方时尚驾驶学校股份有限公司（以下简称"公司"） 尚处于预重整阶段，并未收到法院关于进入重整程序的相关法律文书，公司后续 能否进入正式重整程序存在不确定性。根据《上海证券交易所股票上市规则》第 9.4.1 条规定，若法院依法受理申请人对公司的重整申请，公司股票将被实施退 市风险警示。 北京德皓国际会计师事务所（特殊普通合伙）（以下简称"德皓国际"， 曾用名"北京大华国际会计师事务所（特殊普通合伙）"）对公司 2023 年、2024 年度财务报告内部控制的有效性进行了审计，并出具了否定意见的《内部控制审 计报告》，根据《上海证券交易所股票上市规则》第 9.8.1 条等规定，公司股票 被继续实施其他风险警示。 因《上海证券交易所股票上市规则》第 9. ...

东方时尚驾驶学校股份有限公司（以下简称"公司"）于 2026 年 1 月 16 日召开 2026 年第一次临时股东会和"东时转债"2026 年第一次债券持有人会议， 审议通过了《关于终止公司可转换债券部分募投项目的议案》。根据《东方时尚 公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）的有关 规定，"东时转债"附加回售条款生效。 现依据《上市公司证券发行注册管理办法》《可转换公司债券管理办法》《上 海证券交易所股票上市规则》和《募集说明书》的规定，就回售有关事项向全体 "东时转债"持有人公告如下： 一、回售条款及回售价格 | 证券代码：603377 | 证券简称：ST 东时 | 公告编号：临 | 2026-018 | | --- | --- | --- | --- | | 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"东时转债"可选择回售的第七次提示性公告 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。 重要内容提示： "东时转债"持有人可回售部分或全部未转股的 ...

Market Overview - The education sector increased by 0.38% on January 27, with Kevin Education leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - Kevin Education (002659) closed at 6.80, up 4.62%, with a trading volume of 898,000 shares and a transaction value of 614 million yuan [1] - Zhonggong Education (002607) closed at 2.98, up 2.41%, with a trading volume of 2.93 million shares and a transaction value of 867 million yuan [1] - ST Kaiyuan (300338) closed at 3.60, up 2.27%, with a trading volume of 136,600 shares and a transaction value of 49.43 million yuan [1] - Other notable performances include BoRui Communication (600880) at 6.09, up 1.16%, and DouShen Education (300010) at 7.53, up 0.94% [1] Capital Flow Analysis - The education sector saw a net inflow of 25.29 million yuan from institutional investors, while retail investors experienced a net outflow of 72.54 million yuan [2] - The overall net inflow from speculative funds was 47.25 million yuan [2] Detailed Capital Flow for Selected Stocks - Zhonggong Education had a net inflow of 85.63 million yuan from institutional investors, while retail investors had a net outflow of 61.83 million yuan [3] - Kevin Education experienced a net inflow of 63.58 million yuan from institutional investors, with a significant retail outflow of 93.13 million yuan [3] - ST Kaiyuan had a minor net inflow of 2.81 million yuan from institutional investors, with retail investors also experiencing a net outflow [3]

Core Viewpoint - The company announces the sixth notice regarding the optional redemption of its convertible bonds, allowing bondholders to sell their bonds back to the company at a specified price, with the redemption period set for late January 2026 [1][2]. Group 1: Redemption Terms - Redemption Price: The redemption price is set at 101.84 RMB per bond, including the current interest [1][9]. - Redemption Rights: Bondholders have the right to redeem part or all of their unconverted convertible bonds, and this redemption is not mandatory [1][5]. - Redemption Period: The redemption period is from January 26, 2026, to January 30, 2026 [4][8]. Group 2: Interest Calculation - Interest Calculation: The current interest is calculated using the formula IA = B × i × t / 365, where IA is the current interest, B is the total face value of the bonds, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [3]. - Interest Amount: For the sixth year, with a coupon rate of 2.30% and a calculation period of 292 days, the interest amounts to approximately 1.84 RMB per bond, leading to the total redemption price of 101.84 RMB [5]. Group 3: Redemption Process - Redemption Application Procedure: Bondholders must submit their redemption requests through the Shanghai Stock Exchange trading system during the redemption period, and once confirmed, the requests cannot be revoked [6]. - Payment Method: The company will repurchase the bonds at the specified price, with the payment date set for February 4, 2026 [10]. Group 4: Trading During Redemption Period - Trading Continuation: The convertible bonds will continue to trade during the redemption period but will stop converting into shares [12]. - Priority of Orders: If bondholders submit both sell and redemption orders on the same trading day, the system will prioritize the sell order [12].

Market Overview - The education sector experienced a decline of 2.45% on January 26, with China High-Tech leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Individual Stock Performance - Notable performers included: - Chuangye Heima (300688) with a closing price of 32.56, up 2.88% and a trading volume of 201,700 shares, totaling 662 million yuan [1] - ST Guohua (600636) closed at 9.51, up 0.53% with a trading volume of 50,600 shares, totaling 47.77 million yuan [1] - Conversely, China High-Tech (600730) saw a significant drop of 6.00%, closing at 10.50 with a trading volume of 420,400 shares, totaling 452 million yuan [2] - Other notable declines included: - Kede Education (300192) down 4.52% to 21.75 [2] - Dongshi ST (603377) down 0.51% to 3.91 [1] Capital Flow Analysis - The education sector experienced a net outflow of 441 million yuan from institutional investors, while retail investors saw a net inflow of 377 million yuan [2] - The capital flow for individual stocks showed: - Chuangye Heima had a net outflow of 51.57 million yuan from institutional investors [3] - ST Guohua experienced a net outflow of 4.60 million yuan from institutional investors [3] - Kede Education had a net inflow of 4.29 billion yuan from retail investors [2]

| 证券代码：603377 | 证券简称：ST 东时 | 公告编号：临 | 2026-017 | | --- | --- | --- | --- | | 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"东时转债"可选择回售的第六次提示性公告 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。 重要内容提示： "东时转债"持有人可回售部分或全部未转股的可转换公司债券。"东 时转债"持有人有权选择是否进行回售，本次回售不具有强制性。 风险提示：如可转债持有人选择回售，则等同于以 101.84 元/张（含当 期利息）卖出持有的"东时转债"。截至本公告发出前的最后一个交易日，"东 时转债"的收盘价格高于本次回售价格，可转债持有人选择回售可能会带来损失， 敬请关注选择回售的投资风险。 东方时尚驾驶学校股份有限公司（以下简称"公司"）于 2026 年 1 月 16 日召开 2026 年第一次临时股东会和"东时转债"2026 年第一次债券持有人会议， 审议通过了《关于终止公司可转换债券部分募投项目 ...

Group 1 - Tencent reported that over 90 individuals were dismissed for violating the company's "high-pressure line" policy, with more than 20 referred to law enforcement for criminal activities [1] - The report highlighted over 70 cases of serious violations including commercial bribery and embezzlement, leading to dismissals and legal actions against involved employees and external parties [1] - Tencent emphasized the importance of compliance with laws and regulations, particularly in light of the upcoming ESG disclosure requirements in 2026 [1] Group 2 - The ESG reporting season for A-share listed companies is approaching, with 471 companies required to disclose their 2025 ESG reports by April 30, 2026 [2] - A survey has been initiated to gather insights from multinational corporations, leading enterprises, listed companies, and financial institutions regarding their practices and challenges in ESG information disclosure [2] - The survey will last for three months starting from January 22, 2026, and aims to identify exemplary cases for inclusion in a research report [2] Group 3 - The third International Clean Energy Day is set for January 26, 2026, focusing on promoting clean energy transition in a fair and inclusive manner [4] - This global event aims to showcase innovations and developments in clean energy to accelerate the achievement of sustainable development goals [4] Group 4 - New regulations for the recycling and comprehensive utilization of used power batteries from electric vehicles will take effect on April 1, 2026, emphasizing a full lifecycle management approach [5][6] - The regulations include establishing a national information platform for battery traceability and implementing strict penalties for non-compliance [6] Group 5 - Xiaomi faced two fire incidents involving its vehicles on January 19, 2026, which raised significant public concern, although no injuries were reported [7] - The company stated that the battery status was normal prior to the incidents, and the fires were extinguished promptly by fire services [7] Group 6 - ST Dongshi's actual controller, Xu Xiong, was sentenced to six years and six months in prison for manipulating the securities market, with a fine of 170 million yuan imposed [7] - The ruling was confirmed by the Shanghai High People's Court, marking the case as a significant legal outcome in the securities sector [7] Group 7 - Zhejiang Securities faced regulatory scrutiny for inadequate compliance checks on investor transactions, resulting in a warning letter from the Zhejiang Securities Regulatory Bureau [7] - The firm was found to have issues with account management and compliance, leading to administrative measures against its management [7]

Core Viewpoint - The case involving ST Dongshi (603377.SH) and its former chairman Xu Xiong, who was convicted of manipulating the securities market, has concluded with a final court ruling upholding a six-and-a-half-year prison sentence and a fine of 170 million yuan [1][7]. Group 1: Legal Proceedings - Xu Xiong's appeal against his conviction for market manipulation was rejected by the Supreme Court, confirming his sentence and the confiscation of illegal gains [1][7]. - The case began in September 2023 when ST Dongshi announced Xu's arrest for market manipulation [7]. Group 2: Corporate Governance Changes - Following Xu Xiong's inability to fulfill his duties, his brother Xu Jinsong was appointed as chairman, but the company experienced internal turmoil during this transition [7]. - Xu Jinsong was later removed from his position as chairman in February 2025 due to the company's deteriorating operational conditions and management issues [8]. Group 3: Financial Performance - ST Dongshi has reported a projected net loss of 600 million to 700 million yuan for 2025, marking its fourth consecutive year of losses [9]. - The company's stock closed at 3.89 yuan per share on January 23, 2025, reflecting a decline of 0.26% [9].

记者丨叶映橙 见习记者林健民 编辑丨张楠 备受关注的"驾校第一股"ST东时（603377.SH）前董事长徐雄涉嫌操纵证券市场一案尘埃落 定。 1月23日盘后，ST东时发布公告称，徐雄的上诉已被终审法院依法驳回，维持原判： 被告人徐 雄犯操纵证券市场罪，判处有期徒刑六年六个月，并处罚金1.7亿元。违法所得予以追缴；作 案工具予以没收。 ST东时表示，公司实际控制人徐雄先生已不在公司担任董事及高级管理人员职务，上述判决 系徐雄先生个人行为，不会影响徐雄先生股东权利的行使及公司的正常业务运作。 案件始于2023年9月，当时ST东时公告称公司实控人、董事长徐雄因涉嫌操纵证券市场罪被批 准逮捕。2025年7月，ST东时再发公告，称收到关于公司实际控制人的刑事判决书。尽管徐雄 后续选择提起上诉，但最终未能改变结果。 据2023年董事会换届选举公告显示，徐雄，1972年出生，中国国籍，无境外永久居留权。毕 业于中共中央党校函授学院经济管理专业，北京大学EMBA。曾任京安艺校校长，曾任东方时 尚驾驶学校股份有限公司董事长，东方时尚投资有限公司执行董事兼总经理。 由于徐雄无法履职，其兄接任董事长后，ST东时内部一度陷入混乱状态 ...