ST Dongshi announced that the “Dongshi Convertible Bonds” expired on April 8, 2026, and the company was unable to pay principal and interest on time, which constituted a breach of contract. The company's net profit deducted from 2023 to 2025 was -373 million yuan, -608 million yuan, and -680 billion yuan respectively. The net loss in 2025 was 766 million yuan. Current liabilities were higher than current assets of 1,675 billion yuan. Debt repayment pressure was high, and there was significant uncertainty about its ability to continue operating. The company is in the pre-restructuring stage, and it is uncertain whether it can enter the restructuring process. If the court accepts the restructuring application, the stock will be subject to a delisting risk warning. Other risk warnings have been implemented in addition to the company's shares. The wholly-owned subsidiary Jinzhongfang Fashion is required to pay 676.237 million yuan in corporate income tax, 31,100 yuan in stamp duty and corresponding late payment fees, and a stamp duty fine of 15,600 yuan. The secured assets under the name of Hubei Oriental Fashion will be judicially auctioned on November 14, 2026, with a starting price of 919.913 million yuan.

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