东方时尚公告称，因2023 - 2024年度财务报告内部控制有效性被审计出具否定意见，且2022 - 2024年连 续三年扣非前后净利润孰低者均为负值，2024年财报显示持续经营能力存不确定性，公司股票继续被实 施其他风险警示。证券简称"ST东时"。2025年8月，控股股东及其关联方解决非经营性资金占用问题， 相关风险警示已撤销。公司是否进入重整程序尚不确定，若法院受理重整申请，股票将被实施退市风险 警示。此外，公司因涉嫌信披违规被立案，尚未收到结论性意见。 ...

Core Viewpoint - The company, Dongfang Shijiao School Co., Ltd., is currently involved in a legal execution phase concerning a financial dispute, with a court-ordered asset freeze amounting to approximately 265.18 million yuan [3][6][7]. Group 1: Legal Proceedings - The lawsuit was initiated by Jincheng Dongfang Shijiao Real Estate Co., Ltd. in September 2023 regarding a liability dispute [4]. - The company and its wholly-owned subsidiary, Dongfang Shijiao Jincheng Co., Ltd., are the defendants in this case [2]. - The company received a civil judgment from the Shanxi Provincial High Court in April 2025, which upheld the original ruling and required the company to bear the appeal costs [4][5]. Group 2: Financial Impact - The execution ruling includes the freezing of multiple bank accounts belonging to the company, with a total limit of 265,177,243.25 yuan [6][7]. - The duration of the asset freeze is set for one year, and the execution is to be carried out immediately [7]. - The company acknowledges the uncertainty of the execution results and commits to timely information disclosure as the case progresses [3][6]. Group 3: Disclosure of Other Legal Matters - As of the announcement date, the company and its subsidiaries do not have any other significant undisclosed litigation or arbitration matters [7].

Core Viewpoint - ST Dongshi (603377) has experienced a price increase of 4.78% this week, closing at 3.73 yuan, with a total market capitalization of 2.738 billion yuan as of September 12, 2025 [1] Company Announcements - Dongshi Driving School received a court decision on July 10, 2025, to initiate pre-restructuring, with uncertainty regarding formal restructuring proceedings [2] - The company is actively seeking restructuring investors and signed a restructuring investment agreement on August 19, 2025 [2] - The company is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, with potential delisting risks for its stock and convertible bonds [2][5] Legal Issues - A subsidiary of Dongshi Driving School is involved in a lawsuit initiated by Shanghai Pudong Development Bank, with a total claim amounting to approximately 201.5 million yuan [3] - The company has reported five additional lawsuits, with a total claim amount of approximately 203.5 million yuan, representing 21.96% of the latest audited net assets [3] Shareholder Changes - The controlling shareholder, Dongshi Investment, auctioned off 56,491,600 shares, which were successfully acquired by Anhui Rongzhi Management Consulting Partnership for approximately 169 million yuan [4] - If the transfer is completed, the combined shareholding of Dongshi Investment and its concerted action party will decrease to 6.98% [4]

Core Viewpoint - The company has received an administrative regulatory measure decision from the Beijing Securities Regulatory Bureau, requiring it to rectify certain issues related to its financial practices and compliance with stock exchange rules [1][2]. Company Related Matters - The company held meetings on April 18, 2024, where it approved a proposal to temporarily use 106 million yuan of raised funds to supplement its working capital, with a repayment period of 12 months from the board's approval [2]. - Due to ongoing litigation and liquidity pressures, the company was unable to repay the 106 million yuan as scheduled by April 17, 2025 [2]. Rectification Measures - The company is actively working on rectification by engaging with commercial banks for new credit lines and optimizing cash flow management [3]. - It plans to dispose of non-core fixed assets to improve fund turnover efficiency and has already recovered 387 million yuan from its controlling shareholder and related parties [3]. - The company is pursuing settlements with debtors through judicial mediation and has hired legal teams to manage long-standing debts [3]. Marketing and Service Strategies - The company is adapting its marketing strategies based on market trends and enhancing its online marketing through social media platforms [4]. - It aims to improve service quality by establishing a comprehensive service system focused on student satisfaction and implementing a traceable teaching service process [4]. Governance and Compliance - The company is reinforcing training for key personnel on compliance with fundraising regulations and internal governance [5]. - It is clarifying responsibilities and enhancing internal supervision to ensure compliance with operational regulations [5]. Rectification Responsibility and Timeline - The chairman, general manager, and financial director are responsible for the rectification, with ongoing efforts to optimize the asset-liability structure and ensure timely repayment of raised funds [6]. Summary and Continuous Compliance - The company emphasizes that the regulatory measures will not affect its normal operations and is committed to improving compliance awareness and operational standards [6].

Core Viewpoint - The company has successfully eliminated certain risk warnings related to non-operational fund occupation by its controlling shareholder, but still faces other risk warnings due to ongoing financial issues and uncertainties regarding its restructuring process [1][2][3] Group 1: Risk Warnings - The company previously faced risk warnings due to non-operational fund occupation by its controlling shareholder, which exceeded 5% of the latest audited net assets and amounted to over 10 million [1] - The Shanghai Stock Exchange has approved the removal of specific risk warnings, but the company still faces other risk warnings due to unresolved financial issues [2] - The company has received negative opinions on its internal control effectiveness from auditors for the 2023 and 2024 financial reports, leading to continued risk warnings [2][3] Group 2: Restructuring Process - 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][3] - The Beijing First Intermediate People's Court has initiated pre-restructuring for the company, but this does not guarantee entry into formal restructuring [3] Group 3: Regulatory Issues - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, and has received a notice of case filing [4] - The company is cooperating with the regulatory investigation and has not yet received a conclusive opinion or decision regarding the case [4]

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]

Group 1 - The "post-examination economy" is gaining momentum as high school graduates engage in various consumption activities such as purchasing electronic products, learning driving skills, and traveling to celebrate their graduation [1][2] - Many graduates are taking advantage of discounts offered at tourist attractions, with some locations providing up to 50% off for students presenting their examination admission tickets [1] - The driving school sector is experiencing a surge in enrollment, with a reported 20% increase in student registrations compared to the previous year, primarily consisting of high school graduates and current students [2] Group 2 - The digital product market is witnessing a significant increase in transactions, with over 77,000 sales recorded in a specific region, leading to a total consumption boost of over 200 million yuan [2] - The "post-examination economy" is becoming a crucial part of the summer economy, particularly in the service consumption sector, which is showing notable growth trends [2] - The new generation of consumers is characterized by distinct individual preferences, prompting the need for targeted product offerings to cater to this emerging consumer group [2]

Group 1 - The company plans to hold the 2024 annual general meeting on May 20, 2025, at 14:30, using a combination of on-site voting and the Shanghai Stock Exchange's online voting system [1] - The company will utilize the Shanghai Stock Exchange Information Network Co., Ltd. to provide a shareholder meeting reminder service, actively notifying shareholders about the meeting and voting options via smart SMS [2] - Investors can vote directly through the provided instructions in the user manual or use existing trading and internet voting platforms in case of congestion [2]

Group 1 - The core theme of the tax promotion month is "Tax Law and Fairness," aiming to promote the concept of honest tax payment and strengthen tax law awareness [1] - The tax authority in Tongren City, Guizhou Province, is conducting various promotional activities to create a fair and orderly tax environment [1] Group 2 - Honest tax payment is a legal obligation for citizens and businesses, contributing to the construction of a social credit system [2] - Guizhou Tongjiang Driving Training Company benefits from good tax credit, receiving tax incentives and expedited tax refund services, which aids in its development [2] - In 2024, the county issued over 40 million yuan in loans through the "Silver-Tax Interaction" mechanism, benefiting hundreds of enterprises [2] Group 3 - The tax authority has established a collaborative publicity mechanism focusing on "Honest Tax Payment + National Security," conducting activities to educate taxpayers on the legal consequences of tax-related crimes [3] - The tax authority utilizes big data analysis to create a smart tax supervision system, promoting a culture where tax evasion is discouraged [3] Group 4 - The tax authority is actively working to optimize the business environment and support economic development through initiatives like intelligent tax services and precise policy dissemination [4] - The "Tax Benefits to the Countryside" initiative provides tailored tax policy guidance to local enterprises, helping them comply with tax regulations and reduce financial pressure [4] - The tax authority plans to deepen tax administration reforms to instill the concept of lawful tax payment and better serve development and public welfare [4]