Decision No. 281/2005/QD-TTg converts the Company 8-3 Textile under the Vietnam National Textile and Garment Corporation into a State-owned Joint Stock Company with One Member.

DECISION OF THE PRIME MINISTER

Transfer the Company 8-3 Weaving under Vietnam National Textile and Garment Corporation

to become 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 of the Government on the conversion of state-owned enterprises and enterprises of political and social organizations into joint stock companies with one member;

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

DECISION:

Article 1. Transfer the independent accounting unit Company 8-3 Weaving under Vietnam National Textile and Garment Corporation to become the State-owned Joint Stock Company with One Member 8-3 Weaving.

The State-owned Joint Stock Company with One Member 8-3 Weaving 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 Articles of Association of the Company and the Enterprise Law.

- Full name: State-owned Joint Stock Company with One Member 8-3 Weaving.

- International trade name: Eight March Textile Limited Company.

- Abbreviation in English: EMTEXCO.

- Registered capital: 85,816,492,585 Vietnamese dong (eighty-five billion eight hundred sixteen million four hundred ninety-two thousand five hundred eighty-five Vietnamese dong).

- Head office: No. 460 Minh Khai Street, Vinh Tuy Ward, Hai Ba Trung District, Hanoi City.

Article 2. Main business of the Company: production and trading of yarns, sewing threads, fabrics, and various types of ready-made garments; trading of textile and garment industry materials, spare parts; real estate trading, office space, leasing factory buildings, machinery and equipment; direct import and export of various types of cotton, fibers, yarns, machinery and equipment, raw materials, accessories, chemicals, dyeing agents for the textile and garment industry, and other businesses as prescribed by law.

Article 3. Organization and operation:

1. Organizational structure of the Company follows the model: Board of Directors and General Director.

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

Article 4. The State body authorized to represent the owner:

Board of Directors of Vietnam National Textile and Garment Corporation. Address: No. 25 Ba Trieu Street, Hoan Kiem District, Hanoi City. The Board of Directors of Vietnam National Textile and Garment Corporation is responsible for exercising the rights of the representative owner of the State-owned Joint Stock Company with One Member 8-3 Weaving in accordance with current regulations and the Articles of Association of the Company.

Article 5. The State-owned Joint Stock Company with One Member 8-3 Weaving is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam National Textile and Garment Corporation to fulfill the mission of developing production and business activities; inheriting all rights and obligations of the Company 8-3 Weaving.

Article 6. The Board of Directors of the State-owned Joint Stock Company with One Member 8-3 Weaving is responsible for drafting the organizational and operational charter of the Company to submit to the approval of the Board of Directors of Vietnam National Textile and 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 National Textile and Garment Corporation, the General Director of Company 8-3 Weaving, and the Board of Directors of the State-owned Joint Stock Company with One Member 8-3 Weaving are responsible for implementing this Decision./.