FLC: Decision on continued trading restriction and Notice on stock status

Decision on continued trading restriction and Notice on stock status

Decision on continued trading restriction
On July 10, 2025, Hanoi Stock Exchange announced Decision No. 824/QD-SGDHN putting the FLC stock of FLC Group JSC under trading restriction as follow:
- Issuer: FLC Group JSC
- Securities type: common stock
- Stock code: FLC
- Base of review: Annual General Meeting of Shareholders 2025;
- Reason: The company has not held the Annual General Meeting of Shareholders in the last 2 fiscal years within the maximum period from the end of the fiscal year as prescribed in Clause 2, Article 139 of the Law on Enterprises.
- Other reason: The Company was late in submitting the reviewed semi-annual financial statements 2024 for more than 45 days from the deadline for information disclosure as prescribed
- Trading time: Fridays of each week from the date the stock is removed from the trading suspension
- Applicable law(s): Points b, h Clause 1 Article 33 of the Regulation 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 trading restriction as prescribed in this Decision, FLC Group JSC must send a document to the HNX to explain the cause and provide a remedy.
This Decision replaces Decision No. 571/GD-SGDHN dated 23/05/2025.
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Notice of stock status
On July 10, 2025, HNX announces the status of FLC Group JSC’s shares (stock code: FLC) as follows:
- FLC shares are put on trading restriction following the Decision 824/QD-SGDHN dated 10/7/2025 due to the company has not held the Annual General Meeting of Shareholders in the last 2 fiscal years within the maximum period from the end of the fiscal year as prescribed in Clause 2, Article 139 of the Law on Enterprises; The Company was late in submitting the reviewed semi-annual financial statements 2024 for more than 45 days from the deadline for information disclosure as prescribed in Points b, h Clause 1 Article 33 of the Regulation attached to Decision No. 23/QD-HDTV dated 18/04/2025 of the Vietnam Exchange. Trading time: Fridays of each week from the date the stock is removed from the trading suspension
- FLC shares are put on trading suspension according to Decision No. 570/QD-SGDHN dated 23/5/2025 due to the company has not taken corrective measures for the cause that led the securities to be placed under trading restriction, as stipulated at Point d, Clause 1, Article 46 of the Law on Securities
The company was mandatorily delisted for seriously violating information disclosure obligations and in cases where the Stock Exchange or the State Securities Commission deems it necessary to delist the securities to protect investors’ rights and interests, as prescribed at Point o, Clause 1, Article 120 of Decree No. 155/2020/NĐ-CP dated December 31, 2020, by the Government providing detailed regulations on the implementation of certain articles of the Law on Securities.
This falls under the category of securities subject to trading suspension as specified at Point e, Clause 1, Article 35 of the Regulation on the Registration and Management of Unlisted Securities Trading.

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