Dang Thi Hoang Yen's move as soon as ITA shares were removed from the "warning"

The reason is that in the 2023 semi-annual audited financial report, the auditor's conclusion is fully accepted, meeting the provisions of Point c, Clause 4, Article 37 of the Regulations on listing and trading of listed securities issued together with Decision No. 17/QD-HDTV dated March 31, 2022 of the Board of Members of the Vietnam Stock Exchange.

Also in this semi-annual report, shareholders of Tan Tao Parent Company in the first 6 months of 2023 reached 35.88 billion VND and undistributed profit after tax as of June 30, 2023 reached 402 billion VND, meeting the provisions at Point b, Clause 4, Article 38 of the Regulations on listing and trading of listed securities issued together with Decision No. 17/QD-HDTV dated March 31, 2022 of the Board of Members of the Vietnam Stock Exchange.

With the penalties removed and positive 2023 semi-annual earnings, ITA shares could soon be re-margined.

Động thái của Đặng Thị Hoàng Yến ngay khi cổ phiếu ITA được gỡ “lệnh” cảnh báo - kiểm soát - Ảnh 1.

ITA stock fluctuations in the past 3 months

Also on September 22, Phuong Nam Investment - Information Technology and Construction Consulting Joint Stock Company, a company related to Mr. Nguyen Thanh Phong, General Director of Tan Tao Investment and Industry Joint Stock Company (Tan Tao Company), registered to sell 2.77 million ITA shares between September 27 and October 24 by negotiation. The purpose is to reduce the ownership ratio.

If the transaction is successful, this company will only hold 250,000 ITA shares, accounting for 0.03% of charter capital.

On the same day, Tan Tao University Joint Stock Company, an organization related to Ms. Dang Thi Hoang Yen (aka Maya Dangelas), Chairwoman of the Board of Directors of Tan Tao Company, registered to buy 2.77 million ITA shares, also by negotiation and transaction period from September 27 to October 24. The purpose is to increase ownership ratio.

If the purchase is successful, Tan Tao University will hold more than 140 million ITA shares, increasing its ownership ratio from 14.72% to 15.01%.

Previously, on September 21, HoSE announced that Tan Tao University had successfully purchased 1 million ITA shares from September 15 to September 19 through negotiation.

Also during the period from September 15 to September 19, Ita-Rice Fragrant Rice Investment, Research and Export Joint Stock Company, a company related to Mr. Nguyen Trong Dung, the person in charge of managing Tan Tao Company, sold all 1 million ITA shares that this company owned.

Another organization related to Mr. Dung is Media Ban Mai Media - Entertainment and Production JSC, which sold more than 4.5 million ITA shares by negotiation, thereby reducing its ownership ratio from 3.21% to 2.71%.

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