DFSS(SH:603377) Zheng Quan Zhi Xing·2025-07-28 16:50Core 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]