Core Viewpoint - The credit rating of Dongfang Shifang Driving School Co., Ltd. has been downgraded from B to CCC, with a negative outlook due to significant financial challenges and operational issues [1][7]. Financial Performance - The company reported a decline in main business income in 2024, attributed to factors such as consumer downgrade and insufficient student enrollment, resulting in a revenue decrease of 375 million yuan compared to 2023 [1]. - The company recognized asset impairment losses and credit impairment losses on its subsidiaries due to underperformance [1]. Audit Findings - The audit report from Beijing Dehao International Accounting Firm raised concerns about the recoverability of receivables from related parties, including: - 302.49 million yuan receivable from Beijing Qianzhong Fantasy Technology Co., Ltd. with a bad debt provision of 30.25 million yuan, related to the purchase of 3,179 VR simulators [2]. - 49.86 million yuan receivable from Beijing Tonglong Automobile Sales Co., Ltd. with a bad debt provision of 15.73 million yuan, related to incomplete delivery of AI training systems [3]. - 35 million yuan receivable from the controlling shareholder, with a bad debt provision of 3.5 million yuan, related to non-operational fund occupation [4]. Internal Control Issues - The internal control audit report indicated significant deficiencies in managing and recovering funds from related parties, with unresolved issues regarding the delivery of VR simulators and AI systems [4][5]. Regulatory Actions - The company received a corrective order from the China Securities Regulatory Commission, requiring the recovery of 387 million yuan in occupied funds within six months, failing which trading suspension and potential delisting could occur [6]. - As of June 19, 2025, no funds had been recovered, leading to a trading suspension effective June 20, 2025 [6]. Credit Rating Status - The company maintains a credit rating of CCC, with a negative outlook, reflecting ongoing financial distress and operational challenges [7].

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 关于资金占用责令改正进展暨公司股票及"东时转债" 可能停牌的风险提示性公告 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： ? 东方时尚驾驶学校股份有限公司（以下简称"公司"）责令改正事项的期 限将于 2025 年 6 月 19 日届满。截至本公告披露日，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"）及其关联方累计归还占用资金 0 元。 公司预计难以在期限届满前完成整改，公司股票及"东时转债"将自 2025 年 6 月 20 日起被上交所实施停牌，停牌期限不超过 2 个月。提醒投资者充分关注公 司股票及"东时转债"停牌、被实施退市风险警示等退市相关风险。 公司于 2024 年 12 月 19 日收到中国证券监督管理委员会北京监管局（以下 简称"北京证监局"）出具的《关于对东方时尚驾驶学校股份有限公司、东方时 尚投资有限公司采取责令改正措施并对徐雄、徐劲松、闫文辉、王红玉采取出具 警示函措施的决定》（〔2024〕304 号） ...

（文/孙梅欣 编辑/张广凯） 已经被ST的"驾校第一股"东方时尚，最近又出"幺蛾子"。因为涉及资金占用，东方时尚及"东时转债"可 能将被上交所停牌。 东方时尚公布的这笔资金占用，已经被北京证监局出具了《行政监管措施决定书》。公告显示，截止到 2024年12月31日，东方时尚控股股东东方时尚投资及其关联方通过设备采购、应收账款保理业务等方 式，非经营性占用公司资金的金额约为3.87亿元。 值得注意的是，根据上交所规则，上交所已经在今年1月要求东方时尚在6个月内清收被占用的资金，最 终截止日期为6月19日。然而接近6个月时间过去了，东方时尚投资及其关联方累计归还占用资金为0 元。也就是说，占用的资金一分钱也没还进去。 上交所称，如果在6月19日没有完全整改，东方时尚和"东时转债"将从6月20日起被实施停牌，停牌时间 不超过2个月。如果2个月内仍然没完成整改，上交所将对东方时尚终止上市。 事实上，从东方时尚近期频繁发布的公告来看，除了控股股东及关联人占用公司非经营性占用资金外， 还有董事长被董事公开罢免、信披违规等诸多事件。 早在2023年9月，东方时尚原董事长与实控人徐雄就因涉嫌操纵证券市场罪被逮捕。如今处罚决定 ...

Group 1 - The company will hold a shareholders' meeting on May 20, 2025, at 14:30 in Beijing, with a registration date of May 12, 2025 [2][3] - The agenda includes reading the meeting notice, reviewing various proposals, and discussing the 2024 annual reports from the board and supervisory committee [2][4] - The company reported a net profit attributable to shareholders of -902.56 million yuan for 2024, with total assets decreasing by 16.75% to 400.80 billion yuan [5][6][9] Group 2 - The company plans to not distribute profits for the 2024 fiscal year, with retained earnings at 284.92 million yuan as of December 31, 2024 [9][10] - The company intends to appoint Beijing Dehao International Accounting Firm for the 2025 financial audit [10] - The company proposed to terminate the "Chongqing Oriental Fashion Driving Training Base Construction Project" due to prolonged non-use and financial pressures, with total investment in the project reaching 110.83 million yuan [11][22][23]