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Collar:- The collar applied in a trading day is ±7%. Thecollar is subject to specific market situations underthe State Securities Commission decisions.- Collar applied to newly listed stocks on the firsttrading day and stocks with over 25-session tradingsuspension on the re-trading day is ±30% comparedto reference price.Reference price:- Reference price of a stock is the weighted averageof all executed prices by continuous order matchingmethod of the previous trading day.- Reference price applied to newly listed stocks onthe first trading day will be proposed by the listedcompany or the consultant company (if available)and approved by HNX. In case of stocks with over25-session trading suspension, on the re-tradingday, the reference price will be decided by HNX andapproved by the State Securities Commission.- For 03 consecutive trading days since the firsttrading day, if the average-weighted price has notbeen defined and used as the reference price inthe next trading session, the listed company or theconsultant company (if available) has to recalculatethe reference price.Settlement method:- Continuous order matching transactions:multilateral settlement (T+3) for share trading.- Negotiation transaction:+ The T+3 multilateral settlement is applied fortransactions with volumes amounting to less than100,000 shares.+ The T+1 direct settlement is applied for tradingvolumes amounting to a minimum of 100,000shares.2. Unlisted Public Company Market (UPCoM) RegulationsEligibility for UPCoM registration:- Stocks of unlisted or delisted public companies- Stocks of public companies registered and deposited atthe Vietnam Securities Depository.Trading methods:- Continuous order matching method and negotiations.Trading unit:- For continuous order trading transactions: 100 stocks- For negotiation transactions: no trading unit is applied - aminimum of 10 stocks.Tick size: VND100.Collar:- The collar applied in a trading day is ±10 for stocks.- Collar applied to newly registered stocks on the firsttrading day and collar applied to stocks without trading forover 25 sessions on the re-trading day is ±40% compared toreference price of the last trading session.Trading times on the UPCoM:8.30am to 3.00pm from Monday to Friday, except for publicholidays stipulated by the Labor Code. There is no tradingfrom 11.30am to 1.30pm.Reference price:- The reference price of a stock traded is the weightedaverage of all electronic negotiated prices of the mostrecent trading day.- Reference price applied to newly registered stocks on thefirst trading day will be proposed by the trading registrationcompany and approved by HNX.- For 03 consecutive trading days since the first tradingday, if the average-weighted price has not been definedand used as the reference price in the next trading session,the trading registration company has to recalculate thereference price.Settlement on the UPCoM:Multilateral settlement - T+3.20

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