FLC would like to postpone the General Meeting of Shareholders to June 30

FLC Group Joint Stock Company announced information document sent to the State Securities Commission and the Ho Chi Minh City Stock Exchange. HCM. Specifically, the information announced by FLC includes: Please extend the time to hold the 2022 Annual General Meeting of Shareholders no later than June 30, 2022 and Cancel March 23, 2022 is the date to exercise the right attend the company’s annual general meeting.

This document is signed by Ms. Bui Hai Huyen, General Director of FLC.

FLC would like to postpone the General Meeting of Shareholders to June 30 - Photo 1.

According to regulations, joint stock companies must hold the annual General Meeting of Shareholders within 4 months from the end of the fiscal year. At the request of the Board of Directors, the enterprise can extend it, but not more than 6 months from the end of the fiscal year.

Currently, FLC Group is facing many difficulties related to high-level personnel changes. Specifically, on March 29, 2022, Chairman of FLC Group Trinh Van Quyet was prosecuted and arrested on charges of “manipulating” and “hiding securities information”. On March 31, 2022, Mr. Dang Tat Thang temporarily assumed the position of Chairman of the Board of Directors of FLC. On April 4, 2022, Trinh Thi Minh Hue – an officer of the Accounting Department of FLC Group was arrested and detained as an accomplice to help Trinh Van Quyet. On April 5, 2022, the Investigative Police Agency (C01) of the Ministry of Public Security served the decision to prosecute the accused and execute the arrest warrant with Ms. Trinh Thi Thuy Nga, Trinh Van Quyet’s sister – Chairman. Board of Directors of FLC Group Joint Stock Company. On April 7, 2022, FLC Group Vice Chairman Huong Tran Kieu Dung was arrested.

At the upcoming annual meeting, FLC will likely have to elect additional members to the Board of Directors, replacing Mr. Trinh Van Quyet and Ms. Huong Tran Kieu Dung. Currently, the Board of Directors of FLC has members who are Mr. Dang Tat Thang, Ms. Bui Hai Huyen and Mr. La Quy Hien.

Recently, the management of FLC is worried that the company will be acquired. Session 31/3, after many consecutive sessions of loss of liquidity, FLC shares suddenly traded suddenly to more than 100 million units. Immediately, this business asked the Ministry of Finance, the Securities Commission, the HoSE and the Depository Center to check this trading session to clarify any unusual signs.

Recently, the Ho Chi Minh Stock Exchange (HoSE) has also announced an additional list of 4 securities not eligible for margin trading, including three shares of FLC Group’s FLC Group, and Construction’s ROS. FLC Faros (ROS), HAI of Agropharmaceuticals HAI (HAI) and VMD of Vimedimex Medicines and Pharmaceuticals.

The reason is that these 4 enterprises have been slow to disclose information about their audited financial statements for 2021, more than 5 working days after the deadline for information disclosure.

Moc An

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