ST Dongshi disclosed that 4 million unrestricted tradable shares held by shareholder Dongfang Shishang Investment Co., Ltd. will be subject to judicial disposal by the Beijing Daxing District People's Court on the JD.com online judicial auction platform. The first auction is scheduled from 10:00 a.m. on August 25, 2026, to 10:00 a.m. on August 26, 2026. If the auction fails, a second auction will take place from 10:00 a.m. on September 17, 2026, to 10:00 a.m. on September 18, 2026. Should the second auction also fail and the enforcement applicant does not accept payment in kind, a sale by private contract will commence from 10:00 a.m. on October 13, 2026, to 10:00 a.m. on December 12, 2026.
Eastern Pioneer Auto Driving SShareholder's shares being auctioned indicates financial distress and potential overhang on the stock.