Core Viewpoint - ST Dongshi has established a new company focused on AI software development and related services [1] Group 1: Company Overview - Beijing Dongfang Shishang Motor Vehicle Driver Examination Management Co., Ltd. has been recently established [1] - The legal representative of the new company is Fan Enjian [1] - ST Dongshi (603377) holds the new company as an indirect wholly-owned subsidiary [1] Group 2: Business Scope - The new company's business scope includes small and micro passenger car rental services [1] - The company will also engage in software development [1] - Development of artificial intelligence foundational software is part of the company's offerings [1]

Summary of Key Points Core Insights - The report highlights significant stock suspensions due to control change plans in various companies, indicating potential shifts in management and strategic direction [1][2][3] - The report also notes the listing of new financial instruments, such as the Guangdong JianKe stock, which may present investment opportunities for market participants [1] Company and Industry Analysis - The report mentions the suspension of the Invesco Great Wall S&P Consumer Select ETF (QDII) to protect investor interests, reflecting the regulatory environment's impact on investment products [1] - Several companies, including Hehua Co. and Black Sesame, are undergoing control changes, which could lead to strategic realignments and affect their market performance [1][2] - The report lists multiple financial instruments that have been suspended for various reasons, including continuous losses and management decisions, indicating a cautious approach from investors [4][5][6]

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-137 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。 公司在责令改正规定期限（2025 年 6 月 19 日）届满前未完成整改，公 司股票及"东时转债"自 2025 年 6 月 20 日开市起停牌，预计停牌时间不超过 2 个月。若公司在停牌期限内完成整改，公司股票及"东时转债"将复牌。若公 司在停牌期限内未完成整改，上海证券交易所（以下简称"上交所"）将对公司 股票实施退市风险警示，公司股票及"东时转债"将复牌。复牌后 ...

Core Viewpoint - The report details the reduction of shares held by the controlling shareholder, Dongfang Shishang Investment Co., Ltd., in Dongfang Shishang Driving School Co., Ltd. due to a judicial auction, resulting in a decrease in ownership percentage from 16.32% to 14.85% [20][24]. Group 1: Shareholding Changes - The controlling shareholder, Dongfang Shishang Investment, reduced its holdings by 10,500,000 shares, which is approximately 1.47% of the total share capital [20][25]. - Following the share reduction, the total shares held by Dongfang Shishang Investment and its concerted actor, Xu Xiong, decreased from 116,891,600 shares (16.35%) to 106,391,600 shares (14.88%) [24][25]. - The shares were sold at a price of RMB 28,539,000, and the transfer of ownership was completed on July 31, 2025 [8][20]. Group 2: Future Shareholding Plans - The company has indicated that there are no clear plans for increasing or further reducing shareholdings in the next twelve months [6]. - There is a possibility of further reductions in shareholdings due to ongoing judicial processes affecting the shares held by the controlling shareholder [6][31]. Group 3: Legal and Regulatory Context - The report confirms that the share reduction does not lead to a change in the controlling shareholder or actual controller of the company [24][30]. - The company is currently under a pre-restructuring phase and has not received any legal documents regarding entering a formal restructuring process, which introduces uncertainty regarding its future [35][40].

东方时尚驾驶学校股份有限公司 简式权益变动报告书 信息披露义务人：东方时尚投资有限公司 住所：北京市大兴区金星西路 19 号东方时尚驾校西配楼 106 室 通讯地址：北京市大兴区金星西路 19 号东方时尚驾校西配楼 106 室 信息披露义务人的一致行动人：徐雄 住所/通讯地址：北京市大兴区****** 上市公司名称：东方时尚驾驶学校股份有限公司 股票简称：ST 东时 股票代码：603377 股票上市地点：上海证券交易所 股份变动性质：股份减少（司法拍卖） 签署日期：二〇二五年七月三十一日 1 信息披露义务人声明 一、本报告书是依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及相关法律、法规、规范性文件之规定编写。 二、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人及其一致行动人在东方时尚驾驶学校股份有 限公司（以下简称"东方时尚"或"上市公司"）拥有权益的股份变动情况。 截至本报告书签署之日，除本报告书披露的持股信息外，信息披露义务人及 其一致行动人没有通过任 ...

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-135 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 本次权益变动不会导致公司控股股东、实际控制人发生变化。 受让方在受让上述股份后 6 个月内不得减持。 公司在责令改正规定期限（2025 年 6 月 19 日）届满前未完成整改，根 据《上海证券交易所股票上市规则》（2025 年 4 月修订）第 9.4.1 等相关规定， 公司股票及"东时转债"自 2025 年 6 月 20 日开市起停牌，预计停牌时间不超过 2 个月。 截至本公告披露日，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 关于控股股东所持公司部分股份被司法拍卖完成过 户暨权益变动的提示性公告 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： 本次被司法拍卖完成过户登记股份为东方时尚驾驶学校股份有限公司 （以下简称"公司"）控股股东东方时尚投资有限公司（以下简称"东方时尚投 资"）所持 ...

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-136 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 关于无法在责令改正期限内完成资金占用整改暨 公司股票及"东时转债"停牌的进展公告 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： 东方时尚驾驶学校股份有限公司（以下简称"公司"）在责令改正规定 期限（2025 年 6 月 19 日）届满前未完成整改，根据《上海证券交易所股票上市 规则》（2025 年 4 月修订）第 9.4.1 等相关规定，公司股票及"东时转债"自 2025 年 6 月 20 日开市起停牌，预计停牌时间不超过 2 个月。 截至本公告披露日，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。 公司于 2024 年 12 月 19 日收到中国证券监督管理委员会北京 ...

Summary of Key Points Core Viewpoint - The report highlights the significant role and compensation of CFOs in A-share listed companies, revealing discrepancies between their salaries and company performance, particularly in the case of ST Dongshi's CFO, Wang Hongyu, who has faced multiple regulatory violations and substantial financial losses [1][7]. Group 1: CFO Compensation and Industry Overview - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average salary of 814,800 yuan [1]. - In the social services sector, the average age of CFOs is approximately 47.58 years, with an average salary of 666,100 yuan [1]. - The highest salary in the social services sector is held by Li Xiangrong from Shoulu Hotel, amounting to 5.65 million yuan, ranking seventh in the entire market [1]. Group 2: Educational Background and Compliance Issues - The educational background of CFOs shows a significant number hold bachelor's degrees, with 38 out of 73 CFOs, while 28 have master's degrees and 3 have doctorates, indicating a high demand for professional knowledge [1]. - In the social services sector, 8 CFOs faced regulatory warnings or criticisms for violations in 2024-2025, with Wang Hongyu from ST Dongshi having the highest number of violations at 5 [1][2]. Group 3: Wang Hongyu's Violations and Financial Performance - Wang Hongyu's violations include failing to disclose significant related-party transactions, with one transaction amounting to 630 million yuan, representing 50% of the company's annual revenue [4]. - The financial performance of ST Dongshi has deteriorated significantly, with revenue dropping from 1 billion yuan in 2022 to 810 million yuan in 2024, reflecting a year-on-year decline of 22.6% [5][6]. - The net profit of ST Dongshi has also worsened, with losses increasing from 60 million yuan in 2022 to 900 million yuan in 2024, a staggering year-on-year decline of 149.5% [6]. Group 4: Salary Discrepancies and Regulatory Response - Despite the company's substantial losses and regulatory penalties, Wang Hongyu's salary increased to 440,600 yuan in 2024, doubling from previous years [7]. - The increase in salary raises questions about its alignment with company performance and compliance responsibilities, especially given the regulatory findings against her [7].

Summary of Key Points Group 1: Company Listings - Guangdong Jiankao (301632) is set to begin its preliminary inquiry on July 29, 2025 [1] - Tianfulong (603406) will announce the online winning rate on July 29, 2025 [1] - Youli Intelligent (920007) is scheduled for online subscription on July 29, 2025 [1] Group 2: Suspension Announcements - In order to protect investor interests, the Invesco Great Wall S&P Consumer Select ETF (QDII) will be suspended from trading starting July 29, 2025, until 10:30 AM on the same day [2] - Multiple bonds from Zhonglin Group (23 Zhonglin Group SCP003, SCP004, SCP005, SCP006, SCP007, SCP008) will be suspended from November 21, 2023 [2][3] - Various other bonds and securities have been suspended for reasons including continuous losses, issuer applications, and other regulatory actions [4][5][6][7][8][9]

Core Viewpoint - The announcement highlights that a portion of shares held by the controlling shareholder of Dongfang Shishang Driving School Co., Ltd. may be subject to judicial auction, which could impact the company's control stability. Group 1: Shareholding and Auction Details - The shares proposed for auction are 714,873,142 shares, representing 7.90% of the total share capital of the company as of July 24, 2025 [1] - As of the announcement date, Dongfang Shishang Investment Co., Ltd. and its concerted action person, Mr. Xu Xiong, hold a total of 116,891,600 shares, accounting for 16.35% of the company's total share capital [2] - If the previously auctioned 11,500,000 shares are transferred, the combined holding of Dongfang Shishang Investment and Mr. Xu Xiong will decrease by 1.61%, leaving approximately 14.74% of the total share capital [2] - Should the current judicial auction be successful, their combined holdings will further reduce to 48,900,000 shares, approximately 6.84% of the total share capital, potentially affecting the stability of the company's control [2][6] Group 2: Judicial Auction Process - The auction is scheduled to take place on the Taobao judicial auction platform from September 3, 2025, to September 4, 2025 [3] - The shares involved in the auction include 56,491,600 non-restricted circulating shares of ST Dongshi [3] - The auction process will involve bidding, payment, and transfer of shares, with the outcome remaining uncertain as of the announcement date [6] Group 3: Company Status and Compliance - The company is currently in a pre-restructuring phase and has not yet received any legal documents regarding entering a formal restructuring process, leading to uncertainty about its future [2] - The company's stock and "Dongshi Convertible Bonds" have been suspended from trading since June 20, 2025, due to non-compliance with the Shanghai Stock Exchange listing rules [2][4]