ASA: ​​Decision on continued trading restriction and Notice on stock status

Decision on continued trading restriction
On July 10, 2025, Hanoi Stock Exchange announced Decision No. 836/QD-SGDHN putting the ASA stock of ASA Joint Stock Company under trading restriction as follow:
- Issuer: ASA Joint Stock Company
- Securities type: common stock
- Stock code: ASA
- Base of review: Annual General Meeting of Shareholders 2025;
- Reason: The registered trading organization has not held the Annual General Meeting of Shareholders in the last 2 fiscal years within the maximum period from the end of the fiscal year as prescribed in Clause 2, Article 139 of the Law on Enterprises.
- Trading time: Fridays of each week from the date the stock is removed from the trading suspension
- Applicable law(s): Points h Clause 1 Article 33 of the Regulation attached to Decision No. 23/QD-HDTV dated 18/04/2025 of the Vietnam Exchange.
Within 15 days from the date the stock is under trading restriction as prescribed in this Decision, the Company must send a document to the HNX to explain the cause and provide a remedy.
This Decision replaces Decision No. 795/GD-SGDHN dated 09/07/2024.
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Notice of stock status
On July 10, 2025, HNX announces the status of ASA Joint Stock Company’s shares (stock code: ASA) as follows:
- ASA shares  are put on trading restriction following the Decision 836/QD-SGDHN dated 10/7/2025 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, as prescribed in Points b, h Clause 1 Article 33 of the Regulation attached to Decision No. 23/QD-HDTV dated 18/04/2025 of the Vietnam Exchange. Trading time: Fridays of each week from the date the stock is removed from the trading suspension.
- ASA shares are under continued trading suspension according to Decision No.596/QD-SGDHN dated 23/05/2024 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 e, d, g Section 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange.