The Hochiminh Stock Exchange (HOSE) announces the maintenance of warning status as follows:

On March 11, 2019, the Hochiminh Stock Exchange issued Decision No.56/QD-SGDHCM to put the stock of Viet Nam – Italy Steel Joint Stock Company (stock code: VIS) into warning status because its after-tax profit in 2018 was -326,252,176,277 dongs, and the undistributed after-tax profit until December 31, 2018 was -326,252,176,277 dongs. This is the case of warned securities, regulated at Point b, Point c, Clause 1.1, Article 22 of the Listing Regulations on the Hochiminh Stock Exchange.

According to the reviewed financial statements for the first six months of 2019, the after-tax profit was -65,810,543,242 dongs, but the undistributed profit after tax until June 30, 2019 was – 392,062,719,519 dongs.

Therefore, VIS continues to suffer losses and has not overcome the causes making the stock under the warning status. HOSE continues to remain the warning status for VIS. HOSE will consider solutions for the stock JVC after having the 2019 audited financial statements.