Decision No. 09/2001/QĐ-TTg On the transfer of State-owned enterprise Export Import and Processing Frozen Seafood Company No. 4 under Vietnam Fisheries总公司变为股份公司

Pursuant to …;

Regarding the transfer of state-owned enterprise Export Import and Frozen Seafood Processing Company 4under Vietnam Fisheries Corporation to a joint-stock company

Approving the plan for the conversion of state-owned enterprise Export Import and Frozen Seafood Processing Company 4 into a joint-stock company as proposed in Circular No. 3095/BTS-TTr dated October 19, 2000 of the Minister of Fisheries:1. The Charter Capital of the Joint-Stock Company: 15,000,000,000 VND.

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PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on the conversion of state-owned enterprises into joint-stock companies;

At the proposal of the Minister of Fisheries,

DECISION:

Article 1. - State shareholding ratio: 25% of the Charter Capital.

- Shareholding ratio sold to employees within the enterprise: 30% of the Charter Capital.

Wherein:

- Shareholding ratio sold to Vietnamese shareholders outside the enterprise: 25% of the Charter Capital.

- Shareholding ratio sold to foreign shareholders: 20% of the Charter Capital.

2. The actual value of Export Import and Frozen Seafood Processing Company 4 at the valuation date of January 1, 1999 for the purpose of conversion into a joint-stock company is 20,906,511,972 VND, including the actual value of the state capital in the enterprise: 12,318,672,182 VND.

- Total number of shares sold at preferential prices to employees within the enterprise: 35,390 shares; the preferential value amounting to 1,061,700,000 VND.

- Total number of preferential shares for poor employees to be paid off gradually: 8,130 shares, with a deferred payment value of 569,100,000 VND.

3. Employee benefits:

Transferring state-owned enterprise Export Import and Frozen Seafood Processing Company 4 under Vietnam Fisheries Corporation to a joint-stock company:

- Full name in Vietnamese: Joint-Stock Company Fisheries No. 4.

Article 2. - International trading name: SEAFOOD JOINT STOCK COMPANY No4.

- Main office address: No. 331 Ben Van Don Street, Ward 1, District 4, Ho Chi Minh City.

Joint-Stock Company Fisheries No. 4 operates in the following business sectors:

- Purchasing and processing various seafood, agricultural products, livestock products.

Article 3. - Direct import and export of seafood, agricultural products, livestock products, and other goods, materials, equipment, and technological products serving production and business needs both within and outside the industry.

- Maintenance, repair, and service of electromechanical refrigeration equipment.

- Engaging in other businesses as prescribed by Vietnamese law.

Joint-Stock Company Fisheries No. 4:

- Is a legal entity under Vietnamese law from the date of issuance of its business registration certificate, operating according to the registered permit, implementing independent economic accounting, having its own seal, and being allowed to open bank accounts as stipulated by law. Operating according to the Company's Articles of Association and the Enterprise Law.

Article 4. - The General Director and Chief Accountant of Export Import and Frozen Seafood Processing Company 4 are responsible for managing and operating the enterprise until the handover of the entire company to the Board of Directors and General Director of Joint-Stock Company Fisheries No. 4.

This Decision takes effect from the date of signing. Decisions contrary to this Decision are hereby repealed. The Minister of Fisheries, the Board of Directors of Vietnam Fisheries Corporation, the Director of Fisheries No. 4 Company, and the Board of Directors of Joint-Stock Company Fisheries No. 4 are responsible for implementing this Decision./.

The General Director and Chief Accountant of the Import-Export and Processing Frozen Seafood Company 4 are responsible for operating and managing the business until the entire company is handed over to the Board of Directors and the General Director of the Fourth Fisheries Joint Stock Company.

Article 5. This Decision takes effect from the date of signing. Decisions contrary to this Decision are abolished. The Minister of Fisheries, the Board of Directors of the Vietnam Fisheries Corporation, the General Director of the Fourth Fisheries Company, and the Board of Directors of the Fourth Fisheries Joint Stock Company are responsible for implementing this Decision./.