On April 14, 2023, Vinalink International Freight Forwarders (VNL) announces the measures to overcome the status of securities being put under warning with details as follows:

1)      Situation: Although RSM Vietnam Auditing &Consulting Limited (RSM) has sent the letter of accounts receivable confirmation to Khanh Hoi Sugar Joint Stock Company (Khanh Hoi), there are no feedback from Khanh Hoi until the disclosure of the financial statement in 2022.

2)      Measure:  VNL has continued to proceed the accounts receivable confirmation with Khanh Hoi.

3)      Shedule: In quarter 2, VNL has tried to reconcile the accounts payable by written and direct contact with Khanh Hoi. If the process will still be postponed, VNL will be based on the announcement of the appropriate authorities (if any) or the signed agreement of responsibilities and obligations to handle this issue.