Decision No. 35/2005/QD-BCN On the transformation of Electricity Construction Joint Stock Company No. 4 into Electricity Construction Limited Liability Company No. 4

DECISION OF THE MINISTER OF INDUSTRY

Regarding the transformation of Electricity Construction Joint Stock Company No. 4 into a One-Member Limited Liability Company

Electricity Construction Joint Stock Company No. 4

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 political-social organizations into one-member limited liability companies;

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

Considering the proposal of Vietnam Industrial Construction Corporation (Document No. 657/CV-ĐMDN dated August 24, 2005) regarding the approval of the plan to convert Electricity Construction Joint Stock Company No. 4 into a One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4;

At the proposal of the Director of the Personnel and Organization Department,

DECISION:

Article 1. Transform Electricity Construction Joint Stock Company No. 4 Electricity Construction Joint Stock Company 4, an independent accounting member enterprise under Vietnam Industrial Construction Corporation, into a One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4.

The One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4 (referred to as the Company) shall have its own seal, be allowed to open accounts at banks in accordance with the law, and operate in accordance with the Enterprise Law and the Company's Articles of Association approved by the Board of Directors of Vietnam Industrial Construction Corporation.

- Full name: One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4.

- Abbreviation: Electricity Construction Joint Stock Company No. 4.

- International trade name in English: Power Construction Installation Limited Company No. 4.

- English abbreviation: PCC4.

- Main office located at: Group 5, Dong Anh Town, Dong Anh District, Hanoi City.

- Registered capital of the Company: 53.012.000.000,00 VND (Fifty-three billion, zero hundred, twelve million VND).

Article 2. Business activities of the Company:

- Constructing power transmission lines and substations, power generation projects;

- Building industrial, civil, infrastructure, transportation, water conservancy, water supply and drainage, airport, port facilities;

- Producing concrete poles and concrete components; producing steel poles and galvanized metal structures; producing construction materials; assembling insulators;

- Testing and calibration of electrical equipment; testing of high and medium voltage pole structures; oil filtration for transformers up to 500kV;

- Consulting on investment, surveying, designing, testing, supervising quality of power transmission lines and substations up to 35kV;

- Consulting on compensation, land clearance, project management for power and industrial works;

- Trading in equipment and technical materials; transporting goods, agency services, leasing equipment and warehouses;

- Operating hotel and tourism services; real estate trading;

- Other businesses as prescribed by law.

Article 3. Organization and operation of the Company:

1. The organizational structure of the Company includes:

a) Chairman and General Director of the Company;

b) Deputy General Managers of the Company, Chief Accountant, and 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 body authorized to represent the owner:

Board of Directors of Vietnam Industrial Construction Corporation. Address: No. 5 Lang Ha Street, Ba Dinh District, Hanoi City.

Article 5. The One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4 shall be responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam Industrial Construction Corporation to fulfill the mission of developing production and business activities; inheriting all legitimate rights, interests, and obligations related to capital, assets, labor, and land of Electricity Construction Joint Stock Company No. 4.

Article 6. The Chairman of the One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4 shall be responsible for drafting the Company's Articles of Association to be submitted to the Board of Directors of Vietnam Industrial Construction Corporation for approval; appointing Deputy General Managers and the Chief Accountant of the Company in accordance with the Company's Articles of Association 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 Manager of Vietnam Industrial Construction Corporation, the General Director of Electricity Construction Joint Stock Company No. 4, the Chairman and General Director of the One-Member Limited Liability Company Electricity Construction Joint Stock Company No. 4 are responsible for implementing this Decision./.