Oriental Fashion Driving School Co., Ltd.'s Ninth Reminder Announcement on the Maturity of "Dongshi Convertible Bonds" and Trading Risks

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Stock Code: 603377 Stock Abbreviation: ST Dongshi (Rights Protection) Announcement No.: Lin 2026-038

Convertible Bond Code: 113575 Convertible Bond Abbreviation: Dongshi Convertible Bond

Oriental Fashion Driving School Co., Ltd.

Regarding the upcoming maturity of the “Dongshi Convertible Bond” and the ninth risk alert announcement

The board of directors of the company and all directors guarantee that there are no false records, misleading statements, or major omissions in the content of this announcement, and they bear legal responsibility for the truthfulness, accuracy, and completeness of its content.

Important content reminder:

● The “Dongshi Convertible Bond” will mature on April 8, 2026, and the company expects it will not be able to repay the principal and interest on time, facing significant risks at maturity. Investors should pay attention to the relevant risks.

● The total amount of principal and interest for the “Dongshi Convertible Bond” upon maturity is 108 yuan per bond (including the last interest payment, including tax). The secondary market price (as of March 17, 2026) is higher than the maturity repayment amount, prompting investors to make prudent investment decisions to avoid investment losses due to insufficient risk assessment.

● The last trading day for the “Dongshi Convertible Bond” is April 2, 2026, and the last conversion day is April 8, 2026. As the maturity date of the “Dongshi Convertible Bond” approaches, investors are advised to closely monitor the above key dates and reasonably arrange the trading and conversion operations of the “Dongshi Convertible Bond.”

● The company is currently in the pre-restructuring stage. If it ultimately enters the restructuring procedure, as of April 8, 2026, the claims held by the registered holders of the “Dongshi Convertible Bond” will participate in the repayment as restructuring claims. The specific repayment plan and timing will depend on the restructuring plan, and there remains considerable uncertainty at this stage, prompting investors to fully assess the risks.

● There is still uncertainty regarding whether the company can enter the restructuring procedure. Investors should pay attention to investment risks.

I. Basic Situation

According to the “Shanghai Stock Exchange Stock Listing Rules” and other regulations, trading of the “Dongshi Convertible Bond” will stop on April 3, 2026, and April 2, 2026, is the last trading day for the “Dongshi Convertible Bond.” After trading stops and before the conversion period ends (i.e., from April 3 to April 8, 2026), holders of the “Dongshi Convertible Bond” can still convert the bonds into company stock based on the conditions stipulated in the “Prospectus.” The current conversion price of the “Dongshi Convertible Bond” is 4.42 yuan per share.

According to the “Prospectus,” within five trading days after the expiration of the issued convertible bonds, the company will redeem all unconverted convertible bonds at 108% of the bond’s face value (including the last interest payment). The total amount of principal and interest for the “Dongshi Convertible Bond” upon maturity is 108 yuan per bond (including tax). The company expects it will not be able to repay the principal and interest on time.

Currently, the company is conducting normal business activities and is actively cooperating with the temporary administrator to promote various pre-restructuring tasks. The company will strictly comply with relevant laws, regulations, and regulatory requirements, and fulfill its information disclosure obligations in a timely manner. Regarding the subsequent handling of the “Dongshi Convertible Bond,” the company will strive to maximize the protection of the rights and interests of “Dongshi Convertible Bond” holders within a legal and compliant framework under the coordination of the temporary administrator.

II. Creditor Registration Date

The maturity date and repayment registration date for the “Dongshi Convertible Bond” is April 8, 2026. The recipients of this repayment will be all holders of the “Dongshi Convertible Bond” registered at the China Securities Depository and Clearing Corporation Limited Shanghai Branch after the market closes on April 8, 2026.

III. Risk of Inability to Repay Principal and Interest on Time

The “Dongshi Convertible Bond” will mature on April 8, 2026, and it is expected that the company will not be able to repay the principal and interest on time, facing significant risks at maturity. Investors should pay attention to the relevant risks.

IV. Other Risk Reminders

(1) There is significant uncertainty regarding whether the company will enter the restructuring procedure.

The Beijing First Intermediate People’s Court has agreed to the company’s pre-restructuring, but this does not represent that the company has formally entered the restructuring procedure. The company will timely disclose progress on relevant matters, actively cooperate with the court and the temporary administrator to carry out relevant work, and fulfill the legal obligations of the debtor. Regardless of whether the company’s pre-restructuring is successful or whether it can enter the restructuring procedure, the company will actively manage daily production and operational activities based on the current foundation.

(2) There is a risk that the company’s stock trading may be subject to delisting risk warning.

According to Article 9.4.1 of the “Shanghai Stock Exchange Stock Listing Rules,” if the court lawfully accepts the applicant’s restructuring application for the company, the company’s stock will be subject to a delisting risk warning.

(3) The company has not yet received a conclusive opinion or decision regarding the case filing matters.

On May 30, 2025, the company received a “Notice of Case Filing” (No.: Zheng Jian Case Filing Word 0142025028) issued by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”). Due to the company’s suspected violations of information disclosure regulations, the CSRC decided to file a case against the company according to the “Securities Law of the People’s Republic of China,” the “Administrative Penalty Law of the People’s Republic of China,” and other laws and regulations. The company will actively cooperate with the CSRC’s relevant investigation and strictly fulfill its information disclosure obligations in a timely manner in accordance with relevant laws and regulations. As of the date of this announcement, the company has not yet received a conclusive opinion or decision from the CSRC regarding the aforementioned case filing matters, and the company’s business activities are proceeding normally.

V. Others

Contact Department: Board of Directors Office

Contact Phone: 010-53223377

This announcement is made accordingly.

Board of Directors of Oriental Fashion Driving School Co., Ltd.

March 17, 2026

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