ST Dongshi (603377.SH): Actual controller Xu Xiong was sentenced to six years and six months in prison and fined 170 million yuan for manipulating the securities market in the first instance.

Zhtng cijng APP news, ST Dongshi (603377.SH) announced that the company recently received a first-instance "Criminal Judgment" issued by the Shanghai First Intermediate People's Court to its actual controller, Mr. Xu Xiong, who was convicted of manipulating the securities market and sentenced to six years and six months in prison, as well as a fine of 170 million yuan. This judgment is a first-instance judgment and has not taken effect yet. If Xu Xiong appeals within the statutory period, there is still uncertainty about the final judgment and subsequent enforcement results.