Good People, Change in Suspension Period for Stock Trading Transactions

[Asia Economy Reporter Lee Seon-ae] The Korea Exchange KOSDAQ Market Division announced on the 9th that it has changed the suspension period of stock trading for Joheun Saramdeul due to the reason of being subject to a substantial review of listing eligibility. The suspension period started from 16:36 on March 22 and was initially set until the decision date on whether to delist after the improvement period ended, but it has been changed to the decision date regarding whether the company is subject to the substantial review of listing eligibility.

Previously, Joheun Saramdeul triggered a delisting cause due to an 'opinion refusal' on the audit of the 2020 fiscal year financial statements on the 22nd of last month. Joheun Saramdeul submitted an objection to the delisting on the 30th of last month and was granted an improvement period, allowing trading to continue.

The Exchange plans to receive expert confirmation documents on the implementation results of the improvement plan within 15 days (trading days) after the improvement period ends, and within 20 days from the submission date, hold a corporate review committee meeting to deliberate and resolve whether to delist the stock.

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