SHG: Decision on continued trading restriction on UPCoM

Following Decision No. 1108/QD-SGDHN dated October 20, 2023, HNX announces the continued trading restriction of SHG stock as follows:
- Ground for continued trading restriction: Reviewed Semi-Financial Statement 2023;
- Reason for trading restriction: the Company was late in submitting the Reviewed Semi-Financial Statements 2023 for more than 45 days;
- Other reason for trading restriction: the Company was late in submitting the audited Financial Statements 2022 for more than 45 days; the Company has negative owner’s equity recorded in the reviewed Semi Financial Statement of 2022; the auditing organization gave disclaimer opinion on Financial Statements 2021; the Company has not organized Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years in the time limit from the end of fiscal year
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Point a, b, c, h Clause 1 Article 34 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange
Within 15 days from the date the stock is under continued trading restriction as prescribed in Article 1 of this Decision, SongHong Corporation must send a document to the HNX to explain the cause and provide a remedy.