Media Release

SER has sanctioned ASMALLWORLD AG with a total fine of CHF 40,000 by way of a sanction notice for violations of the rules on financial reporting and on ad hoc publicity.

ASMALLWORLD AG materially overstated cash flow from operating activities and understated cash flow from investing activities by the same amount in its 2025 annual financial statements due to an error in the cash flow statement. The error had no impact on the Company's cash position at the balance sheet date.

In connection with the dissemination of an ad hoc announcement, ASMALLWORLD AG repeatedly failed to use the e-mail distribution list for interested parties (push system). The announcement in question concerned a change in the Board of Directors.

In both cases, the fault was judged to be negligent. The infringement regarding financial reporting was assessed as moderately severe and that regarding ad hoc publicity as severe. In determining the amount of the fine, SER also considered the impact of the sanction on the listed company concerned.

The sanction notice is not yet legally binding.