Core Viewpoint - The company, Oriental Fashion Driving School Co., Ltd., has applied to the Shanghai Stock Exchange to revoke certain risk warnings after resolving issues related to non-operational fund occupation by its controlling shareholder, Oriental Fashion Investment Co., Ltd. [1][4] Summary by Sections Company Risk Warnings - The company has been subject to three types of risk warnings, including negative opinions on internal control audits for the fiscal years 2023 and 2024, leading to its stock being labeled as "ST Dongshi" since May 6, 2024 [2][5] - The non-operational fund occupation reached approximately 387.34 million yuan, exceeding 5% of the company's latest audited net assets, which resulted in the implementation of risk warnings [2][3] Application for Revocation of Risk Warnings - The company has completed the rectification of non-operational fund occupation issues, with all funds returned, resulting in a balance of 0 yuan [3][4] - The company has submitted an application to the Shanghai Stock Exchange to revoke the risk warnings related to non-operational fund occupation, pending approval [5] Continuing Risk Warnings - Despite the resolution of the non-operational fund occupation issue, the company still faces two other risk warning situations, including ongoing concerns regarding its ability to continue as a going concern [5][6] - The company is actively taking measures to address these continuing risk warnings and will disclose progress updates [5] Uncertainty Regarding Restructuring - The company is currently in a pre-restructuring phase and has not yet received court documents regarding formal restructuring, leading to uncertainty about its future [2][6] - If the court accepts the restructuring application, the company's stock may face delisting risk warnings [6]

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。 一、董事会会议召开情况 东方时尚驾驶学校股份有限公司（以下简称"公司"或"东方时尚"）第五 届董事会第三十次会议的会议通知于 2025 年 8 月 17 日以电话、电子邮件等形式 送达公司全体董事，会议于 2025 年 8 月 17 日以通讯表决方式召开。本次会议由 董事长孙翔女士主持。会议应参加董事 11 人，实际参加董事 11 人。本次会议的 召开符合有关法律、行政法规、部门规章、其他规范性文件和《东方时尚驾驶学 校股份有限公司章程》的有关规定，会议的召集、召开合法有效。 二、董事会会议审议情况 示的议案》 证券代码：603377 证券简称：ST 东时 公告编号：临 2025-146 方时尚驾驶学校股份有限公司控股股东及其他关联方非经营性资金占用及清偿 情况的专项审核报告》（德皓核字〔2025〕00001475 号），公司控股股东及其 关联方非经营性资金占用款项已全部清偿。 根据《上海证券交易所股票上市 ...

Group 1 - The company ST Dongshi (SH 603377) held its 29th meeting of the fifth board of directors on August 15, 2025, via communication methods [2] - The meeting reviewed the proposal to convene the first bondholders' meeting for "Dongshi Convertible Bonds" in 2025 [2] - For the year 2024, ST Dongshi's revenue composition was as follows: driving training industry accounted for 91.9%, retail industry 3.07%, other businesses 2.43%, other categories 2.21%, and leasing industry 0.37% [2]

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 关于召开"东时转债"2025 年第一次债券持有人会议 的通知 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： 证券代码：603377 证券简称：ST 东时 公告编号：临 2025-144 ? 根据《东方时尚驾驶学校股份有限公司公开发行可转换公司债券募集说 明书》 （以下简称"《可转债募集说明书》"）及《东方时尚驾驶学校股份有限公司 可转换公司债券持有人会议规则》 （以下简称"《债券持有人会议规则》"）相关规 定，债券持有人会议对表决事项作出决议，须经出席（包括现场、通讯方式参加 会议）本次会议并有表决权的债券持有人（或债券持有人代理人）所持未偿还债 券面值总额超过二分之一同意方为有效。 ? 根据《债券持有人会议规则》相关规定，债券持有人会议决议自表决通 过之日起生效，但其中需经有权机构批准的，经有权机构批准后方能生效。依照 有关法律、法规、《可转债募集说明书》和《债券持有人会议规则》的规定，经 表决通过的债券持有人会议决议对本期可转债全体 ...

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-143 的议案》 公司拟于 2025 年 9 月 1 日上午 10 点召开"东时转债"2025 年第一次债券 持有人会议，召开地点在北京市大兴区金星西路 19 号公司会议室。 表决结果：11 票同意，0 票反对，0 票弃权，0 票回避。 东方时尚驾驶学校股份有限公司 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。 一、董事会会议召开情况 东方时尚驾驶学校股份有限公司（以下简称"公司"或"东方时尚"）第五 届董事会第二十九次会议的会议通知于 2025 年 8 月 9 日以电话、电子邮件等形 式送达公司全体董事，会议于 2025 年 8 月 15 日以通讯方式召开。本次会议由董 事长孙翔女士主持。会议应参加董事 11 人，实际参加董事 11 人。本次会议的召 开符合有关法律、行政法规、部门规章、其他规范性文件和《东方时尚驾驶学校 股份有限公司章程》的有关规定，会议的召集、召开合法有效。 二、董事会会议审议情况 转债代码：113575 转债简称：东时转债 具体内容 ...

Group 1 - The company announced that its subsidiary, Hubei Dongfang Shanshi Driving Training Co., Ltd., has had its fundraising account frozen due to a legal dispute with Hubei Changwo Electric Power Co., Ltd. [1][2] - The freezing of the fundraising account is a result of a court's enforcement request related to a construction contract dispute [1][2] - The company stated that its production and operations are currently normal and that the freezing of the account will not have a significant adverse impact on its fundraising investment projects [2][3] Group 2 - The company is actively communicating with relevant parties to resolve the account freezing issue and restore normal operations as soon as possible [2] - As of the announcement date, the company has not received any legal documents regarding entering a formal restructuring process, and the uncertainty regarding this process remains [7][12] - The company has been under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [3][11] Group 3 - The company’s stock and convertible bonds were suspended from trading starting June 20, 2025, due to failure to complete required rectifications by the deadline [7][10] - The company has a significant amount of funds, approximately 387 million yuan, occupied by its controlling shareholder and related parties, which has not been recovered [8][9] - The company is in a pre-restructuring phase and must resolve issues related to fund occupation and guarantees before entering a formal restructuring process [12][17] Group 4 - The controlling shareholder, Dongfang Shanshi Investment Co., Ltd., is facing a judicial auction of 56,491,600 shares, representing about 7.90% of the company's total share capital [15][16] - If the auction is successful, the controlling shareholder's stake could decrease significantly, potentially affecting the stability of the company's control [16][21] - The auction is scheduled to take place on September 11-12, 2025, and the outcome remains uncertain [19][20]

Core Viewpoint - The company, Oriental Fashion Driving School Co., Ltd., is undergoing a pre-restructuring process initiated by the Beijing First Intermediate People's Court due to financial difficulties and potential bankruptcy risks [1][4]. Group 1: Restructuring Process - The court's agreement to the pre-restructuring does not guarantee that the company will officially enter the restructuring process, as it depends on resolving issues related to fund occupation and guarantees by major shareholders [2][4]. - The company has been ordered to rectify non-operational fund occupation amounting to approximately 387 million yuan (about 58.5 million USD) by its controlling shareholder and related parties [3][7]. - If the company fails to rectify these issues within the specified timeframe, its stock and convertible bonds will face trading suspension and potential delisting risks [3][4]. Group 2: Financial Obligations and Management - The company is actively cooperating with the temporary management team appointed for the pre-restructuring period and is required to fulfill its legal obligations as a debtor [2][6]. - A notice has been issued to creditors for debt claims, with a deadline set for August 12, 2025, and the management is also seeking potential restructuring investors [5][6]. - The company has received a notice from the China Securities Regulatory Commission regarding an investigation into potential information disclosure violations, which adds to the uncertainty surrounding its financial status [7][8].

Core Viewpoint - The company, Oriental Fashion Driving School Co., Ltd., has failed to rectify fund occupation issues by the deadline set by the Shanghai Stock Exchange, leading to the suspension of its stock and convertible bonds starting June 20, 2025, for a period not exceeding two months [2][3]. Group 1: Company Status and Actions - As of the announcement date, the company has not recovered any of the approximately 387 million yuan occupied by its controlling shareholder and related parties [4]. - The company is currently in a pre-restructuring phase and has not received any legal documents regarding entering a formal restructuring process, creating uncertainty about its future [2][8]. - The company has initiated legal proceedings against Beijing Tonglong Automobile Sales Co., Ltd. for non-compliance with a court mediation agreement, seeking to enforce payment obligations [4]. Group 2: Suspension and Resumption Conditions - The company's stock and convertible bonds will remain suspended until it completes the required rectification during the suspension period; failure to do so will lead to delisting risk warnings [6][7]. - If the company does not complete the necessary rectification within the suspension period, the Shanghai Stock Exchange will implement delisting risk warnings, and if unresolved within an additional two months, it may terminate the listing of the company's stock and convertible bonds [6][7]. Group 3: Regulatory Actions and Compliance - The company received a corrective action order from the Beijing Securities Regulatory Bureau due to suspected violations of information disclosure regulations [3]. - The company is cooperating with the China Securities Regulatory Commission regarding an investigation into its information disclosure practices [6].

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].

Group 1 - The first AI smart driving school in Yuhang District has launched an intelligent auxiliary teaching system integrated into the training vehicles, featuring an "AI coach" that enhances the learning experience [1] - The AI coach can accurately record various operational data such as throttle and brake pressure, steering angle, and engine speed, generating personalized learning reports for students [1][3] - The introduction of AI teaching systems has led to a significant increase in the passing rate for the driving test, reaching 90%, and has been well-received by students [1] Group 2 - A 40-square-meter immersive simulation driving classroom has been created, equipped with four dynamic simulators that can replicate various real-world driving conditions [2] - The AI coach vehicles are equipped with active braking systems and body radar to ensure safety during training by automatically stopping the vehicle in case of dangerous driving behaviors [3] - The new training model combining simulators and AI coach vehicles not only improves teaching efficiency but also reduces fuel consumption and emissions, promoting a more sustainable driving training experience [3]