Shenzhen Strongteam Decoration Engineering (002989.SZ) plans to terminate the headquarters construction project.

Shenzhen Strongteam Decoration Engineering (002989.SZ) announced that the Board of Directors and the Supervisory Board have approved the resolution on terminating part of the fund-raising projects for the initial public offering of shares. It is proposed to terminate the investment project "headquarters construction project" for the initial public offering of shares and to continue using the corresponding fund-raising money within the approved limits for cash management and temporary supplement of working capital. In recent years, the company has been operating steadily in the decoration and decoration business, and has been deepening its layout in the semiconductor industry chain through external investment and cooperative investment operations. Moving forward, the company will actively and prudently plan and determine suitable investment projects for raising funds around its development strategy.