NGC: Decision on being put on continued alert

On July 09, 2024, Hanoi Stock Exchange announced Decision No. 752/QD-SGDHN putting the NGC stock of NGOQUYEN Processing Export JSCunder continued alert:
·         Reason for being put on continued alert: the company did not organize Annual General Meeting of Shareholders when the fiscal year ends according to Clause 2, Article 139 of the Enterprise Law.
·         Other reason for being put on alert: The audit organization have expressed a qualified opinion on the Annual Financial Statements for 03 consecutive years or more
·         Applicable law(s): Points a, b Clause 1 Article 33 of the Regulation attached to Decision No. 34/QD-HDTV dated 16/11/2022 of the Board of members of the Vietnam Stock Exchange
Within 15 days from the date the stock is put on continued alert, NGOQUYEN Processing Export JSC must send a document to the HNX to explain the cause and provide a remedy.
This decision replaces Decision No.707/QD-SGDHN dated 07/07/2023.