Decision No. 200/2005/QD-TTg Regarding the transfer of Hoa Tho Weaving - Garment Company under Vietnam Weaving - Garment Corporation to become a State-owned Joint Stock Company with One Member

Pursuant to …;

Regarding the transformation of Hoa Tho Weaving - Garment Joint Stock Company under Vietnam Weaving - Garment Corporation into a State-owned Joint Stock Company with One Member

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the State Enterprise Law dated November 26, 2003;

Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001;

Considering the proposal of the Board of Directors of the Vietnam National Textile and Garment Corporation,

DECISION:

Article 1. Transform Hoa Tho Weaving - Garment Joint Stock Company, an independent accounting member enterprise under Vietnam Weaving - Garment Corporation, into State-owned Joint Stock Company with One Member Hoa Tho Weaving - Garment.

The State-owned Joint Stock Company with One Member Hoa Tho Weaving - Garment shall have its own seal, be entitled to open bank accounts both domestically and internationally in accordance with the law, and operate in accordance with the Company's Charter and the Enterprise Law.

- Full name: State-owned Joint Stock Company with One Member Hoa Tho Weaving - Garment.

- International trade name: Hoa Tho Textile and Garment One Member State Responsibility Limited Company.

- Abbreviation in English: HOTEXCO.

- Registered capital: 30 billion VND (thirty billion VND).

- Head office: No. 36 Ong Ich Duong, Hoa Vang, Da Nang City.

Article 2. Main business of the Company: production, trading, and direct import and export of various types of yarn, ready-made garments, raw materials, equipment, and spare parts for yarn and garment production, and other businesses as prescribed by law.

Article 3. Organization and operation

1. Management model of the Company: Board of Directors.

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

Article 4. The State entity authorized as the representative owner is:

Board of Directors of Vietnam Textile - Garment Corporation.

Address: No. 25 Ba Trieu Street, Hoan Kiem District, Hanoi City.

The Board of Directors of Vietnam Textile - Garment Corporation is responsible for exercising the rights of the owner's representative according to current regulations and the Company's Articles of Association.

Article 5The State-owned Joint Stock Company with One Member Hoa Tho Weaving - Garment shall be responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam Weaving - Garment Corporation to fulfill the tasks of developing production and business; and inheriting all rights and obligations of Hoa Tho Weaving - Garment Joint Stock Company.

Article 6. The Board of Directors of the State-owned Joint Stock Company with One Member Hoa Tho Weaving - Garment shall be responsible for drafting the Charter on organization and operation of the company to submit for approval by the Board of Directors of Vietnam Weaving - Garment Corporation; appointing the General Director, Deputy General Directors, and Chief Accountant of the company in accordance with current laws.

Article 7. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Board of Directors of Vietnam Weaving - Garment Corporation, the General Director of Hoa Tho Weaving - Garment Joint Stock Company, and the Board of Directors of the State-owned Joint Stock Company with One Member Hoa Tho Weaving - Garment are responsible for implementing this Decision./.