ASR Microelectronics: New BIS Regulations This Year Have Minimal Impact on Current Operations

Deep News06-18

On June 18th, ASR Microelectronics Co., Ltd. responded to investor inquiries via an interactive platform, stating that the company also acknowledges that continuous share reductions by major shareholders can indeed easily trigger negative market sentiment, impacting the stock price and investor confidence. The company expressed empathy with this sentiment and has repeatedly communicated the prevailing market mood and the requests of the general investor base to its major shareholders. It has advised them to slow the pace of their share sales and optimize their divestment methods to mitigate the impact on the secondary market.

Regarding the operational performance for the second quarter, please refer to the company's subsequently disclosed semi-annual report. The company also indicated that the new rules issued by the Bureau of Industry and Security (BIS) this year have essentially no impact on its existing business.

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