List the types of shares in a joint stock company under the Law on Enterprises

Types of Shares as provided in Article 114 of the Law on Enterprises 2020:

1. A joint stock company must have ordinary shares. Holders of ordinary shares are referred to as ordinary shareholders.

2. In addition to ordinary shares, a joint stock company may have preference shares. Holders of preference shares are referred to as preference shareholders. Preference shares include the following types:
   a) Dividend preference shares;
   b) Redeemable preference shares;
   c) Voting preference shares;
   d) Other types of preference shares as prescribed in the company’s Charter and the securities laws.

3. Persons entitled to purchase dividend preference shares, redeemable preference shares, and other types of preference shares shall be determined by the company’s Charter or the General Meeting of Shareholders.

4. Each share of the same class shall confer on its holder equal rights, obligations, and interests.

5. Ordinary shares shall not be converted into preference shares. Preference shares may be converted into ordinary shares in accordance with a resolution of the General Meeting of Shareholders.

6. Ordinary shares may be used as underlying assets for the issuance of non-voting depository receipts, which are referred to as underlying ordinary shares. Non-voting depository receipts carry economic benefits and corresponding obligations associated with the underlying ordinary shares, except for voting rights.

7. The Government shall provide regulations on non-voting depository receipts.