SHENZHEN STRONGTEAM DECORATION ENGINEERING was warned by regulatory authorities due to violations in fundraising

Zhitong
2025.02.13 07:41

Zhongtian Decoration announced that the company had issues with the management and use of raised funds from 2020 to 2023, including not setting up a dedicated account for raised funds, transferring idle raised funds into a general account for cash management, and exceeding the use of raised funds for certain investment projects. In addition, the company failed to timely fulfill the review procedures and information disclosure obligations for replacing raised funds with self-raised funds. These actions violated multiple provisions of the Shenzhen Stock Exchange's "Stock Listing Rules" and "Self-Regulatory Guidelines for Listed Companies." The then Chairman Qiao Rongjian, then General Manager Zhang An, and then Chief Financial Officer and Board Secretary Mao Aijun were accused of failing to fulfill their diligence and responsibility obligations. The Shenzhen Stock Exchange requires the company and relevant responsible persons to strictly comply with laws and regulations to ensure the authenticity and completeness of information disclosure

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer