Core Points - The Shenzhen Stock Exchange issued a regulatory letter to Guangzhou Shanshui Bide Design Co., Ltd. and its executives due to violations related to the management of idle raised funds [1][2] - The company used idle raised funds for cash management from September 2021 to August 2023, involving 22 transactions, with 3 being principal-protected and 19 non-principal-protected products [1] - The company failed to accurately disclose the types of financial products used in cash management and did not sufficiently warn about the risks associated with non-principal-protected products [1] Company Responsibilities - The chairman and general manager, Cai Bin, and the board secretary, Qin Peng, did not fulfill their duties and are held responsible for the company's violations [2] - Former chairman and general manager, Sun Hu, along with former board secretary and CFO, Zhou Qiao, also failed to perform their responsibilities, contributing to the company's regulatory issues [2] - The entire board of directors is required to ensure that information disclosure is truthful, accurate, and complete, and they bear individual and joint responsibility for any misrepresentation or omissions [2]
深交所向广州山水比德设计股份有限公司、蔡彬、秦鹏、孙虎、周乔发出监管函