ST Dongshi announced that 4 million unrestricted tradable shares held by Oriental Fashion Investment Co., Ltd., the shareholder holding 5% or more of the company's shares, were judicially auctioned. The bidder was Tianjin Zeguang New Energy Technology Co., Ltd., and the relevant shares were registered for transfer on October 15, 2026. After this change in equity, Oriental Fashion Investment and its co-actor Xu Xiong held a total of 40.9 million shares, accounting for 6.21% to 5.66% of the company's total share capital. The transferee shall not reduce its holdings within 6 months after transferring the shares. The company is still in the pre-restructuring stage, and there is uncertainty about whether it can enter the formal restructuring process. If the court accepts the restructuring application, the company's shares will be subject to a delisting risk warning.

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