SHG: Decision on continued trading restriction on UPCoM

Following Decision No. 1173/QD-SGDHN dated November 17, 2023, HNX announces the continued trading restriction of SHG stock as follows:
- Ground for continued trading restriction: The Company submitted to the HNX the Audited Financial Statements 2022 and Reviewed Semi-annual Financial Statements 2023.
- Reason: The Company recorded negative owner's equity in the Reviewed Semi-annual Financial Statements 2023 while the auditor gave a disclaimer of opinion to the Audited FS 2021 and qualified opinions to the Audited FS 2022.
- Another reason/Other reasons: The Company failed to convene the Annual General Meeting for two consecutive years from the end of each fiscal year;
- Trading restriction: trading is only available every Friday.
- Applicable laws: Points a, c and h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 by 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 Joint Stock Corporation shall send a document to the HNX for explanation and remedial measures.