ST Dongshi (603377.SH) announced that the company received a notice from the China Securities Regulatory Commission on December 19, 2024.
According to Zhitong Finance APP, ST Dongshi (603377.SH) announced that on December 19, 2024, the company received a decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission regarding corrective measures against Eastern Pioneer Driving School Co., Ltd., Eastern Pioneer Investment Co., Ltd., and warning letters against Xu Xiong, Xu Jinsong, Yan Wenhui, and Wang Hongyu (Document No. (2024) 304).
Upon investigation, the company has the following issues: 1. Failure to disclose the fund occupation of Eastern Investment and its related parties as required. 2. Errors in the accounting treatment of leasing matters. 3. Failure to timely disclose guarantees, repurchases, and other matters. 4. Failure to timely disclose related party transactions. 5. Issues with employee stock ownership plans. 6. Failure to timely disclose matters related to the freezing of shares.