Extraordinary information disclosure

Article 109. Extraordinary information disclosure

accounting-services-in-vietnam21. Extraordinary information must be disclosed on the company’s website, publications, and posted at the company’s headquarter and business locations within 36 hours from the occurrence of any of the events below:

a) The company’s bank account is frozen or unfrozen;

b) Part of or all of the business operation is suspended; the Certificate of Business registration, license for establishment, license for establishment and operation, or any license related to the company’s business is revoked;

c) The Certificate of Business registration, license for establishment, license for establishment and operation, or any license/certificate related to the company’s operation is adjusted;

d) Replacement of managers, including members of the Board of members, the company’s President, Director/General Director or Deputy Director/Deputy General Director, Chief Controller, Controllers, Chief accountant, Head of Finance and Accounting Department;

accounting-services-in-vietnam1dd) There is a decision on disciplinary action, prosecution, a court’s sentence of decision against one of the enterprise’s manager;

e) The inspecting body or tax authority concludes that the enterprise commits violations of law;

g) There is a decision to change the independent audit organization or the financial audit is refused;

h) There is a decision on establishment, dissolution, amalgamation, merger, conversion of subsidiaries; decision on investment, capital decrease, or withdrawal capital in other companies.

2. Government shall elaborate this Article.