PRESS RELEASE

22 December 2023 - The Republican Stock Exchange "Toshkent" (RSE) is pleased to announce the debut transaction on its newly introduced Free of Payment (FoP) board. On 21 December a block trade in 99.68% of ordinary shares of "QO'QON BIOKIMYO" (QQBK) worth 248.4 billion soums (equivalent of USD 20.1 million) was executed on the RSE trading platform. The trade details were posted to the RSE website almost immediately after being executed in line with the best international practice for reporting Large-in-Scale (LIS) trades. 

George Paresishvili, CEO of the Republican Stock Exchange "Toshkent" – “We are happy to see our new FoP board put in use so quickly after being introduced to the market. It was specifically designed to enable fast and seamless execution of so-called block trades, which are often negotiated and executed on OTC market. This reaffirms our commitment to providing new services and products to securities market participants and investors. Tashkent Stock Exchange will continue listening to market needs in order to become an exchange of choice for local issuers and investors and promote trading of securities on organized market in Uzbekistan.”