DFSS(SH:603377) Bei Jing Shang Bao·2026-01-23 13:09Core Viewpoint - ST Dongshi (603377) announced that the Shanghai High People's Court upheld the original ruling against its actual controller, Xu Xiong, for market manipulation, resulting in a prison sentence of six years and six months and a fine of 170 million yuan [1] Group 1: Legal Proceedings - The court's decision is a final ruling, rejecting Xu Xiong's appeal [1] - Xu Xiong was arrested on September 16, 2023, for allegedly manipulating the securities market [1] - The Shanghai First Intermediate People's Court sentenced Xu Xiong to six years and six months in prison and imposed a fine of 170 million yuan, with illegal gains to be confiscated [1] Group 2: Company Operations - ST Dongshi stated that Xu Xiong is no longer serving as a director or senior management personnel in the company [1] - The company emphasized that the ruling is a personal matter for Xu Xiong and will not affect his shareholder rights or the normal business operations of the company [1] - As of the announcement date, the company's daily production and business activities are proceeding smoothly, with a stable management team and personnel structure [1]