Decision No. 113/2004/QD-BCN On the conversion of the Electrical Equipment Company into the State-owned Joint Stock Company for Electrical Equipment with One Member

DECISION OF THE MINISTER OF INDUSTRY

Regarding the conversion of Electrical Equipment Company into State-owned Joint Stock Company with Single Member Electrical Equipment

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THE MINISTER OF INDUSTRY

Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;

Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001 of the Government on the transformation of state-owned enterprises and enterprises of political organizations and political-social organizations into State-owned Joint Stock Companies with Single Members;

Pursuant to Decision No. 125/QD-TTg dated January 28, 2003 of the Prime Minister approving the overall restructuring plan for state-owned corporations and state-owned enterprises under the Ministry of Industry for the period 2003-2005;

Considering the proposal of the Board of Directors of Electrical Engineering Technical Equipment Corporation as stated in Document No. 41/CV-HĐQT dated September 28, 2003;

At the suggestion of the Director of the Department of Organization and Cadres,

Pursuant to …;

Article 1. Convert Electrical Equipment Company, an independent accounting member enterprise under Electrical Engineering Technical Equipment Corporation, into State-owned Joint Stock Company with Single Member Electrical Equipment.

State-owned Joint Stock Company with Single Member Electrical Equipment (referred to as the Company) shall have its own seal, be allowed to open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Company's Charter approved by the Board of Directors of Electrical Engineering Technical Equipment Corporation and the Enterprise Law.

Full name: State-owned Joint Stock Company with Single Member Electrical Equipment.

Abbreviation: Electrical Equipment Company.

International trade name in English: ELECTRICAL EQUIPMENT LIMITED COMPANY.

Abbreviation: THIBIDI Co. Ltd.

Main office located at: No. 9, Bien Hoa I Industrial Zone, Bien Hoa City, Dong Nai Province.

Registered capital of the Company at the time of conversion: 55,437,326,019 VND.

(Fifty-five billion, four hundred thirty-seven million, three hundred twenty-six thousand, nineteen dong)

Article 2. Business activities of the Company:

Designing, manufacturing, wholesaling, and retailing various types of electrical transformers, electric motors, high and low voltage electrical machinery and equipment, and spare parts;

Trading in import and export of high and low voltage electrical materials and equipment;

Service of repair, maintenance, and installation of high and low voltage electrical equipment;

Designing, construction, and installation of electrical equipment projects;

Engaging in other business activities as prescribed by law.

Article 3. Organization and operation of the Company:

1. The organizational structure of the Company includes:

a) The Board of Directors of the Company;

2. The organization and operation of the Company are specifically regulated in the Company's Charter.

c) Subordinate units of the Company.

The Board of Directors of the Vietnam Minerals Corporation. Address: No. 562 Nguyen Van Cu Street, Gia Thuy Ward, Long Bien District, Hanoi City. The Board of Directors of the Vietnam Minerals Corporation is responsible for exercising the rights of the owner according to current laws and the Articles of Association of the Company.

Article 4. The State-authorized representative as the owner:

Board of Directors of Electrical Engineering Technical Equipment Corporation, address: No. 41 Hai Ba Trung Street, Hoan Kiem District, Hanoi City.

The Board of Directors of Vietnam Technical Equipment Corporation is responsible for exercising the rights of the owner according to current laws and the Company's Charter.

Article 5. State-owned Joint Stock Company with Single Member Electrical Equipment shall be responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Electrical Engineering Technical Equipment Corporation to fulfill the tasks of developing production and business operations, inheriting the lawful rights, interests, and obligations regarding capital, assets, labor, and land of Electrical Equipment Company.

Article 6. The Board of Directors of State-owned Joint Stock Company with Single Member Electrical Equipment shall be responsible for drafting the Company's Charter to be submitted to the Board of Directors of Electrical Engineering Technical Equipment Corporation for approval; appointing the General Director, Deputy General Directors, and Chief Accountant of the Company in accordance with the Company's Charter and current laws.

Article 7. This Decision shall take effect fifteen days from the date of publication in the Official Gazette. The Head of the Office of the Ministry, the Inspector General of the Ministry, Heads of Departments and Bureaus under the Ministry, the Board of Directors and General Director of Electrical Engineering Technical Equipment Corporation, the General Director of Electrical Equipment Company, the Board of Directors and General Director of State-owned Joint Stock Company with Single Member Electrical Equipment shall be responsible for implementing this Decision./.