Decision No. 120/2004/QD-BCN On the conversion of the Import-Export Mechanical Products Company into the State Capital Joint Stock Corporation for Import-Export Mechanical Products

Pursuant to …;

Regarding the transformation of the Import-Export Machinery Products Company into a State-owned Joint Stock Company with One Member mechanical industry into a State-owned Joint Stock Company a member Import-Export of mechanical products company

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 conversion of state-owned enterprises and enterprises of political organizations and socio-political organizations into State-owned Joint Stock Companies with One Member;

Pursuant to Decision No. 125/QĐ-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 Vietnam Machine and Equipment Corporation (Letter No. 986/CV-HĐQT dated October 19, 2004 and Letter No. 1015/CV-HĐQT dated October 26, 2004) and the dossier on the transformation of the Import-Export Machinery Products Company into a State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company;

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

DECISION:

Article 1. The Import-Export Machinery Products Company, a member enterprise operating independently under the Vietnam Machine and Equipment Corporation, shall be transformed into a State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company.

The State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company (referred to as the Company) shall have its own seal, open accounts at domestic and foreign banks in accordance with the law, operate according to the Company's Charter approved by the Board of Directors of the Vietnam Machine and Equipment Corporation and in accordance with the Enterprise Law.

Full name: State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company.

Abbreviation: Import-Export Machinery Products Company.

International trade name in English: Mechanical Products Export-Import Limited Company.

Abbreviation: MECANIMEX. Co.Ltd.

Main office located at No. 37 Trang Thi Street, Hoan Kiem District, Hanoi City

Registered capital of the Company at the time of transformation: 34,897,000,000 VND (Thirty-four billion eight hundred ninety-seven million VND).

Article 2. Business activities of the Company:

Engage in import-export of machinery products, metallurgical products, minerals, metal concentrates. Produce and sell standard mechanical parts and steel;

Engage in transportation means, raw materials, supplies, machinery and equipment, and spare parts for industry, agriculture, construction, transportation, medical equipment, electrical equipment, electronics, refrigeration, and information technology;

Engage in trading, production, interior and exterior decoration, furniture, ceramics, household goods, consumer goods, chemicals, cosmetics, fertilizers, fuel oil, plastics;

Engage in production, trading, and processing of agricultural products, foodstuffs, aquatic products, livestock feed. Produce and sell food, beer, and soft drinks;

Engage in office, hotel, restaurant, housing, real estate, warehouse, supermarket, transportation, and cargo handling services.

Provide commercial exhibition services for machinery, equipment, and industrial goods. Act as agent for consignment of goods.

- Other businesses as prescribed by law.

Article 3. Organization and operation of the Company:

1. The organizational structure of the Company includes:

a) Chairman of the Company;

b) General Director of the Company and the supporting staff;

c) Subordinate units of the Company.

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

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

Board of Directors of the Vietnam Machine and Equipment Corporation.

Address: No. 2 Trieu Quoc Dat Street, Hoan Kiem District, Hanoi City.

The Board of Directors of the Vietnam Machine and Equipment Corporation is responsible for exercising the rights of the owner of the capital in accordance with current laws and the Company's Charter.

Article 5. The State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company is responsible for receiving and using effectively the capital and assets transferred by the Board of Directors of the Vietnam Machine and Equipment Corporation to fulfill the mission of developing production and business activities; inherit all legitimate rights, interests, and obligations regarding capital, assets, labor, and land of the Import-Export Machinery Products Company.

Article 6. The Chairman of the State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company is responsible for drafting the Company's Charter to be submitted to the Board of Directors of the Vietnam Machine and Equipment Corporation for approval; appoint 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 takes 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 the Vietnam Machine and Equipment Corporation, the Director of the Import-Export Machinery Products Company, the Chairman and General Director of the State-owned Joint Stock Company with One Member named the Import-Export Machinery Products Company are responsible for implementing this Decision.