ASA: Decision on being continued trading suspension and Notice on stock status

On May 23, 2025, HNX announces Decision No. 565/QD-SGDHN continued trading suspension of ASA Joint Stock Company’s shares (stock code: ASA) as follows:

- Ground for trading suspension: The Company is late in submitting the Audited financial statements 2024 more than 45 days from the deadline for information disclosure as prescribed;

- Reason(s): The Company has no measures to overcome the cause that led to the company's shares being placed in trading restriction according to the provisions of Point d, Clause 1, Article 46 of the Securities Law;

- Other reason(s):The company is forced to delist because the company seriously violated information disclosure and according to the decision No.50/QD-UBCK dated 23/01/2022 of State Securities Commission on the delisting of 7,000,000 shares in a private placement to increase capital from VND 30 billion to VND 100 billion of ASA Joint Stock Company;

- Applicable law(s): Point d, e, g Clause 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange

Within 15 days from the date the stock is under trading suspension, ASA Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy plan.

This Decision replaces Decision No. 596/QD-SGDHN dated 23/05/2024

(2) Notice on stock status

On May 23, 2025, HNX announces the status of ASA Joint Stock Company’s shares (stock code: ASA) as follows:

- ASA shares are under continued trading suspension according to Decision No.565/QD-SGDHN dated 23/05/2025 due the company did not have any remedy to overcome the reason for trading restriction according to Point d Section 1 Article 46 of Law on Securities; The company is forced to delist because the company seriously violated information disclosure and according to the decision No.50/QD-UBCK dated 23/01/2022 of State Securities Commission on the delisting of 7,000,000 shares in a private placement to increase capital from VND 30 billion to VND 100 billion of ASA Joint Stock Company regulaiton as prescribed in Points d, e, g Clause 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange

- ASA shares are put under continued trading restriction according to Decision No.795/QD-SGDHN dated 09/07/2024 due to the reason(s) that the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Clause 2, Article 139 of the Enterprise Law; the company was late in submitting Audited financial statements 2023 for over 45 days as prescribed at Points h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.