HGM: Explanation for audit opinion in FS of first 06 months of 2013

On 26/08/2013, Ha Giang Mineral and Mechanics Joint Stock Company (HGM) explained audit opinions in financial statement as follows:

            In the period, the Company did not raise provision for mineral exploitation right according to exploitation license of the Company. According to article 84, clause 3 of Law on Mineral no. 60/2010/QH 12, the Company had to pay for mineral exploitation right for unexploited mineral reserves. However, until now, there is not any document to instruct calculating and paying method so Management Board could not determine this provision in statement of first 06 months of 2013. Management Board considered that this debt did not influence much on financial statement of first 06 months/2013.

            When there is specific instruction on this problem, Management Board would implement full deduction according to regulation.

HNX

>   CTM: Explanation for loss in QII/2013 (01/10/2013)

>   DNC: Corporate Governance Report (first 06 months) (02/10/2013)

>   HMH: Merge Decision (02/10/2013)

>   SRB: New Chief Accountant (02/10/2013)

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>   SJ1: New General Manager (08/10/2013)

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>   VIT: Annual Corporate Governance Report 2012 (17/10/2013)

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