---
title: "SHENZHEN STRONGTEAM DECORATION ENGINEERING and related personnel received a warning letter and regulatory letter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228185371.md"
description: "On February 13, 2025, SHENZHEN STRONGTEAM DECORATION ENGINEERING received warning letters and regulatory letters from the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. Upon investigation, it was found that the company had issues with the management of raised funds from 2020 to 2023, including the failure to set up dedicated accounts, excessive use of raised funds, and failure to timely fulfill review procedures and information disclosure obligations"
datetime: "2025-02-13T11:34:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228185371.md)
  - [en](https://longbridge.com/en/news/228185371.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228185371.md)
---

# SHENZHEN STRONGTEAM DECORATION ENGINEERING and related personnel received a warning letter and regulatory letter

According to the Zhitong Finance APP, Shenzhen Strongteam Decoration Engineering (002989.SZ) announced that the company and relevant responsible persons received the "Decision on the Warning Letter Measures Against Shenzhen Strongteam Decoration Engineering Co., Ltd. and Qiao Rongjian, Zhang An, and Mao Aijun" (〔2025〕29) issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission on February 13, 2025, as well as the "Regulatory Letter on Shenzhen Strongteam Decoration Engineering Co., Ltd." (Company Department Regulatory Letter \[2025\] No. 20) issued by the Shenzhen Stock Exchange.

After investigation, it was found that from 2020 to 2023, the company had issues with the management and use of raised funds, specifically as follows: failing to set up a special account for the management of raised funds, transferring idle raised funds into a general account for cash management; exceeding the use of raised funds for certain fundraising projects; and not timely fulfilling the review procedures and information disclosure obligations for the replacement of pre-invested self-raised funds with raised funds

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