On March 16, 2020, the Hochiminh Stock Exchange (HOSE) received the 2019 audited financial statements of Petroleum Industrial and Civil Construction Joint Stock Company (stock code: PXI). However, after reviewing, HOSE found that there was a bid difference between the data in the 2019 audited financial statements and the Quarter 4.2020 financial statements made by the Company as follows:

On June 04, 2020, HOSE received a document from Petroleum Industrial and Civil Construction Joint Stock Company regarding the explanation for the fluctuation in financial statements of Quarter 1 of 2020 compared to the same period of last year.

Pursuant to Point c, Clause 4, Article 11 of Circular 155/2015/TT-BTC dated October 06, 2015, “When a listing organization or a large-scale public company discloses information about the financial statements stated in clauses 1, 2 and 3 of this article, it must also explain the reason(s) upon occurrence of one of the following cases:…c) The accumulated data and results of business activities from the beginning of the year in thereport on results of business activities in the financial statements for the second quarter already disclosed in comparison with the verified semi-annual financial statements; or in the financial statements for the fourth quarter already disclosed in comparison with the audited annual financial statements show a difference of five per cent or more; or loss is changed into profit or vice versa;”. However, until the present, HOSE has not received the explanation for financial statements from the Company. Therefore, HOSE reminds and asks Petroleum Industrial and Civil Construction Joint Stock Company to disclose the explanation by May 22, 2020.