CLG: Decision on continued trading restriction on UPCoM and Notice of stock status

Decision on continued trading restriction on UPCoM
Following Decision No. 831/QD-SGDHN dated July 10, 2025, HNX announces the continued trading suspension of CLG stock as follows:
- Base of review: 2025 Annual General Meeting of Shareholders;
 - Reason(s): 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 as prescribed in Clause 2, Article 139 of the Law on Enterprises
- Other reason(s):
+ The company is late to submit the Review semi-annual financial statements 2024 more than 45 days from the end of the time limit for information disclosure
+ The company had negative owner equity in Audited Financial Statement 2020
+ The auditor gave a disclaimer opinion on in Financial Statement 2020
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Points a, b, c, h Section 1 Article 33 of the Regulations attached to Decision No. 23/QD-HDTV dated 18/04/2025 of the Vietnam Exchange.
Within 15 days from the date the stock is under continued trading suspension, Cotec Invesment & Land-House Development JSC must send a document to the HNX to explain the cause and provide a remedy.
This decision replaces Decision No.1044/QD-SGDHN dated 04/10/2024.
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Notice of stock status
On 10/07/2025, HNX announces the status of Bridge Joint Stock Company No.12's shares (stock code: CLG) as follows:
- CLG shares was put under trading suspension according to Decision No.567/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.
- CLG shares are put under trading restriction according to Decision No.831/QD-SGDHN dated 10/07/2025 due to the company is late to submit the Review semi-annual financial statements 2024 more than 45 days from the end of the time limit for information disclosure; 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; it had negative owner equity in Audited Financial Statement 2020; the auditor gave a disclaimer opinion on in Financial Statement 2020 according to Clause 2, Article 139 of Enterprise Law, as prescribed at Point a, b, c, h Clause 1 Article 34 of the Regulations on Registration and Trading management of Unlisted securities as attached to Decision No. 23/QD-HDTV dated 18/4/2025 by the Vietnam Stock Exchange. It is only traded on Friday when it is put out of trading suspension