HNT "No Issues in Business Progress... All Employees Will Strive to Resume Transactions"

[Asia Economy Reporter Hyunseok Yoo] HNT announced on the 6th that it will strive to resume trading amid market concerns caused by the auditor's refusal of opinion in last year's audit report.

On the 23rd, HNT received a refusal of opinion on the 2019 individual financial statements from an external auditor, based on an adverse opinion on the internal accounting control system review.

A representative from HNT stated, "We deeply apologize to our shareholders for the suspension of trading," and added, "We understand that there are many concerns among shareholders, but the company has steadily increased sales compared to the previous year and secured financial stability. As the only domestic small and medium-sized enterprise continuously conducting autonomous driving demonstration tests and gaining recognition in the market, there is absolutely no problem in business progress, and all employees are working hard to resume trading."

They also appealed, "Although there were differences of opinion with the accounting firm regarding investment costs for new businesses, we will further strengthen transparency in accounting treatment to minimize investor damage," and asked, "Please watch over HNT as it takes a step forward."

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