CTN: Decision on continued trading suspension on UPCoM & Notice of stock status

Decision on continued trading suspension on UPCoM=
Following Decision No.592/QD-SGDHN dated May 23, 2025, HNX announces the continued trading suspension of CTN stock as follows:
- Ground for continued trading suspension: The Company was continued to late in submitting Financial Statements 2024 more than 45 days from the end of the prescribed information disclosure period;
- Reason for continued trading suspension: The Company did not have any remedy to overcome the reason for trading restriction according to Point d Section 1 Article 46 of Law on Securities
- Applicable law(s): Points e Section 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange.
Within 15 days from the date the stock is under continued trading suspension as prescribed in Article 1 of this Decision, CTN must send a document to the HNX to explain the cause and provide a remedy.
This decision replaces Decision No.601/QD-SGDHN dated May 23, 2024.
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Notice of stock status
On May 23, 2025, HNX announces the status of Underground Works Construction JSC's shares (stock code: CTN) as follows:
- CTN shares was put under trading suspension according to Decision No.592/QD-SGDHN dated 23/05/2025 due the company did not have any remedy to overcome the reason for trading restriction according to Point d Section 1 Article 46 of Law on Securities, as prescribed in Points e Section 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange.
- CTN shares are put under trading restriction according to Decision No.801/QD-SGDHN dated 09/07/2024 due to the company did not organize annual general meeting of shareholders in the most recent 02 fiscal years within the time limit from the end of the fiscal years according to Clause 2, Article 139 of Enterprise Law, it had negative owner equity in Audited Financial Statement 2016 as prescribed at Point a, h Clause 1 Article 34 of the Regulations on Registration and Trading management of Unlisted securities as attached to Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Stock Exchange. It is only traded on Friday when it is put out of trading suspension