Core Viewpoint - ST Dongshi is facing severe financial difficulties, including significant fund occupation issues, debt defaults, and deteriorating performance, leading to heightened delisting risks [1][2][6] Group 1: Financial Issues - As of the announcement date, the non-operational fund occupation by the controlling shareholder and related parties amounts to 387 million yuan, with no repayments made [1] - The company has been subject to a regulatory investigation by the China Securities Regulatory Commission (CSRC) for failing to rectify fund occupation issues within the stipulated timeframe [1][2] - ST Dongshi has entered a "pre-restructuring" phase but has not yet received formal court acceptance, creating uncertainty about its ability to proceed with restructuring [2][6] Group 2: Debt and Legal Challenges - The company is facing a forced execution by the Beijing Second Intermediate People's Court for failing to repay a loan of 115 million yuan to Dalian Bank, which includes principal, interest, and penalties [2][3] - In the past twelve months, ST Dongshi has accumulated 27 new lawsuits involving a total of 77.58 million yuan, indicating a tightening cash flow situation [2][3] - The company has pledged shares of its subsidiaries as collateral for loans, which may be subject to forced sale if debts are not repaid [3] Group 3: Performance Decline - ST Dongshi expects a net loss of between 126 million yuan and 105 million yuan for the first half of 2025, representing a year-on-year increase in losses of 45% to 73% [4] - The decline in performance is attributed to a reduction in training students due to macroeconomic conditions and high fixed costs that do not decrease with revenue [4][5] - The company has not proposed specific measures to improve profitability, raising concerns about its ability to compete in a challenging market [5] Group 4: Broader Implications - The financial and operational challenges faced by ST Dongshi are indicative of broader risks in the industry, particularly for companies with high debt and ongoing losses [6] - The situation serves as a warning for investors regarding companies with significant fund occupation and financial instability, highlighting the need for increased regulatory oversight [6]

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-131 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 ...

New Stock Issuance - Multiple companies are scheduled for new stock issuance on July 24, 2025, including *ST Zitian (300280) and ST Nanzhi (002305) [1] - Significant announcements were made for companies like Guosheng Tang (300436) and Huayin Power (600744) on July 17 and July 15, respectively [1] Trading Alerts - Companies such as Gaoguan Min Explosive (002827) and Zhongyan Dadi (003001) have recent trading alerts as of July 24, 2025 [1] - A total of 50 companies have been flagged for abnormal trading fluctuations, indicating potential market volatility [2] Market Trends - The report highlights a trend of increased market activity with numerous companies announcing significant changes in stock status [1] - The presence of multiple *ST (Special Treatment) companies suggests heightened scrutiny and potential risk for investors [1] Regulatory Compliance - Companies are required to disclose significant announcements to ensure transparency in trading activities [1] - The report emphasizes the importance of monitoring announcements to assess market conditions and investment risks [1]

Summary of Key Points Core Insights - The report highlights significant stock suspensions for various companies due to major asset restructuring and control changes, indicating potential volatility in the market [2][3][4]. Company-Specific Summaries - **Invesco Great Wall S&P Consumer Select ETF (QDII)**: The ETF will be suspended from trading on July 24, 2025, until 10:30 AM to protect investor interests [2]. - **Hui Green Ecology (001267)**: The stock is suspended due to planning for a major asset restructuring, effective from July 22, 2025 [2]. - **Jiangte Electric (002176)**: The stock is suspended due to a planned change in company control, effective from July 22, 2025 [2]. - **Zhonglin Group SCP Bonds (multiple series)**: Various SCP bonds from Zhonglin Group will be suspended starting November 21, 2023, indicating ongoing financial adjustments [2][3][4]. Industry Insights - The report indicates a trend of companies undergoing significant restructuring, which may lead to increased market volatility and investment risks in the affected sectors [2][3][4].

Core Viewpoint - The company, Dongfang Shifang Driving School Co., Ltd., is currently involved in a legal execution phase concerning a debt of approximately 115.17 million yuan, which includes principal, interest, overdue interest, and penalties [1][2][4]. Summary by Sections Legal Case Overview - The company and its subsidiary, Yunnan Dongfang Shifang Driving Training Co., Ltd., are the defendants in a case initiated by Dalian Bank Co., Ltd. Beijing Branch, regarding a loan agreement of 114 million yuan with a 12-month term [2][3]. - The company has pledged its real estate as collateral for the loan, and the collateral has been registered [2][3]. Execution Notification - The execution amount specified in the execution notice is 115,171,737.32 yuan, which includes principal, interest, overdue interest, penalties, and other costs related to the enforcement of the debt [1][4]. - The execution notice mandates the company to fulfill its obligations as per the effective legal documents and to bear the costs incurred during the execution process [4]. Financial Impact - The company anticipates that the ongoing legal matters may not significantly impact its current or future profits, pending the outcomes of the court's decisions [2][8]. - The company will process any effective judgments according to relevant accounting standards and will actively exercise its litigation rights to protect its and its shareholders' legal interests [2][8]. Litigation and Arbitration Statistics - Over the past twelve months, the company has faced 27 new lawsuits, with a total claim amount of approximately 77.58 million yuan, representing 8.37% of the company's latest audited net assets [4][5]. - The majority of these new cases involve contract disputes, and the company has provided a detailed table of ongoing litigation [4][5]. Additional Legal Matters - As of the announcement date, there are no undisclosed litigation or arbitration matters involving the company or its subsidiaries beyond those already reported [8].

| 证券代码：603377 | 证券简称：ST | 东时 | 公告编号：临 | 2025-130 | | --- | --- | --- | --- | --- | | 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 关于累计诉讼、仲裁情况的公告 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。 重要内容提示： 案件所处的诉讼阶段：执行阶段 上市公司及子公司所处的当事人地位：东方时尚驾驶学校股份有限公司 （以下简称"公司"）以及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"）为被执行人。 涉案的金额：《执行通知书》中列明的执行金额为 115,171,737.32 元（借 款本金、利息及逾期利息、罚息、复利），以及至实际清偿之日期间的罚息、复 利、实现债权和担保物权的全部费用。 对上市公司损益产生的影响：部分案件尚未产生具有法律效力的判决、 裁定或未执行完毕，对本期利润或期后利润产生的影响需以法院生效判决或执行 结果为准。针对已生效的判决，公司将根据企业会计准则 ...

New Stock Listings - Tech Source Group issued shares at a price of 10.88 CNY[1] - Shanda Power issued shares at a price of 14.66 CNY[1] Market Alerts - ST Zitian reported an equity date on July 21, 2025, with a link to the announcement[1] - Guangshengtang experienced severe abnormal fluctuations, with an announcement on July 17, 2025[1] - Huayin Power had an announcement on July 15, 2025, regarding market conditions[1] - Multiple companies including Shangwei New Materials, China Power Construction, and Jiangnan Chemical had announcements on July 23, 2025, regarding market activities[1] Abnormal Fluctuations - Companies such as ST Weier and ST Huadong reported significant fluctuations with announcements on July 21, 2025[2] - ST Jinyi and ST Yundong also reported abnormal fluctuations with announcements on July 17, 2025[2]

Group 1 - The company held its 28th meeting of the 5th Board of Directors on July 18, 2025, with all 11 directors participating, confirming the legality and validity of the meeting [1][2] - The Board approved a targeted capital reduction for its subsidiary, Urumqi City Investment Oriental Fashion Intelligent Technology Co., Ltd., reducing the registered capital by RMB 12 million, from RMB 100 million to RMB 88 million [1][2] - Following the capital reduction, the company's investment in the subsidiary will decrease to RMB 3 million, which has already been paid [1][2] Group 2 - The capital reduction constitutes a related party transaction as the company's Deputy General Manager also serves as the director and general manager of the subsidiary [2] - The decision for the capital reduction was made after careful consideration and will not adversely affect the company's current operations or financial status [2] - The Board authorized the management team to handle all subsequent matters related to this related party transaction [2]

| 证券代码：603377 | 证券简称：ST 东时 | 公告编号：临 | 2025-129 | | --- | --- | --- | --- | | 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 关于对参股子公司减资暨关联交易的公告 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。 重要内容提示： 一、关联交易的概述 1、关联交易的基本情况 乌鲁木齐城投东方时尚智行科技有限公司为公司参股子公司，目前注册资本 10,000 万元，公司持有东方时尚智行科技 15%股权。公司对东方时尚智行科技定 向减资，减少的注册资本为公司认缴但尚未实缴的人民币 1,200 万元，其他股东 不进行减资。本次减资完成后，东方时尚智行科技注册资本将由原 10,000 万元 减少至8,800万元，公司对东方时尚智行科技的出资额减少至人民币300万元（已 实缴）。 因公司副总经理郝秀花女士同时担任东方时尚智行科技的董事、总经理，故 东方时尚智行科技为公司关联方，本次交易构成关联交易，但不构成《上市公司 重大资产 ...

| 证券代码：603377 | 证券简称：ST 东时 | 公告编号：临 | 2025-128 | | --- | --- | --- | --- | | 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 1、审议并通过《关于对参股子公司减资暨关联交易的议案》 公司拟对参股子公司乌鲁木齐城投东方时尚智行科技有限公司（以下简称 "东方时尚智行科技"）进行定向减资，减少的注册资本为公司认缴但尚未实缴 的人民币 1,200.00 万元，其他股东不进行减资。本次减资完成后，东方时尚智 行科技注册资本将由原 10,000 万元减少至 8,800 万元，公司对东方时尚智行科 技的出资额减少至人民币 300 万元（已实缴）。 公司副总经理郝秀花女士同时担任东方时尚智行科技的董事、总经理，故东 方时尚智行科技为公司关联方，本次减资构成关联交易。 本次定向减资是基于审慎判断并充分协商后做出的决定，不会对公司目前的 生产经营和财务状况造成重大不利影响，不存在损害公司和全体股东利益的情形。 董事会同意授权公司经营管理层全权办理与本次关联交易相关的后续事宜。 本次定向减资完成后，东方时尚智行科技 ...