STL: Decision on continued trading restriction on UPCoM

Following Decision No. 518/QD-SGDHN dated May 22, 2023, HNX announces the continued trading restriction of STL stock as follows:
- Reason for trading restriction: the Company was late in submitting the audited Financial Statements 2022 for more than 45 days;
- Other reason for trading restriction:
the Company has negative owner’s equity recorded in the audited Financial Statement 2016;
the auditing organization gave disclaimer opinion on Financial Statements 2016;
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;
the Company was late in submitting the audited Financial Statements 2017, 2018, 2019, 2020, 2021 and reviewed Semi- audited Financial Statements 2017, 2018, 2019, 2020, 202, 2022 for more than 45 days;
- Ground for continued trading restriction: Audited Financial Statement of 2022;
- 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, Song Da - Thang Long JSC must send a document to the HNX to explain the cause and provide a remedy.