Decision No. 3555/QD-BCN Regarding the approval of the plan and the conversion of Ha Tinh Beer and Beverage Company into Saigon Beer Ha Tinh Company

Pursuant to …;

Regarding the approval of the plan and the conversion of Ha Tinh Beer and Soft Drink Company into Saigon Beer Ha Tinh 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. 187/2004/NĐ-CP dated November 16, 2004 of the Government on the conversion of state-owned companies into joint-stock companies;
Pursuant to Decision No. 2390/QD-TCKT dated July 25, 2005, of the Minister of Industry on determining the value of Ha Tinh Beer and Soft Drink Company under Saigon Beer - Wine - Soft Drink Corporation for shareholding reform;
Considering the proposal of Saigon Beer - Wine - Soft Drink Corporation (Proposal No. 87/2005/TTr-CPH-HĐQT dated September 20, 2005), the Shareholding Reform Plan of Ha Tinh Beer and Soft Drink Company, and the Minutes of the Evaluation Meeting of the Enterprise Renewal and Development Board of the Ministry dated October 4, 2005;
At the proposal of the Enterprise Renewal and Development Board and the Director of the Personnel and Organization Department;

DECISION:

Clause 4 of Article 6Approve the Shareholding Reform Plan of Ha Tinh Beer and Soft Drink Company (a subsidiary operating independently of Saigon Beer - Wine - Soft Drink Corporation) with the main contents as follows:

1. Vietnamese name: Saigon Beer Ha Tinh Joint Stock Company,

- International trade name: SAIGON – HATINH BEER JOINT STOCK COMPANY;

- Abbreviation: SAHABECO;

- Head office: No. 173 Ha Huy Tap Street, Ha Tinh City, Ha Tinh Province.

2. Saigon Beer Ha Tinh Joint Stock Company shall have legal personality under Vietnamese law from the date of registration for business; implement independent economic accounting; have its own seal, open bank accounts according to the provisions of the law; organize and operate according to the Articles of Association of the Joint Stock Company and the Enterprise Law.

3. The joint stock company engages in the following businesses:

- Production and trading of beer and soft drink products;

- Trading in hotels, tourism, rental offices, services;

- Engaging in other businesses in accordance with the provisions of the law.

4. Registered capital and structure of issued shares:

a) Registered capital: 40,000,000,000 VND (Forty billion VND);

b) The initial public offering shares amount to 40,000,000,000 VND, corresponding to 4,000,000 shares, each share having a par value of 10,000 VND, including:

- State-owned shares: 2,040,000 shares, accounting for 51.00% of the registered capital;

- Preferential shares sold to employees of the enterprise: 181,400 shares, accounting for 4.53% of the registered capital;

- Preferential shares sold to strategic investors: 392,000 shares, accounting for 9.80% of the registered capital;

- Shares sold through public auction: 1,386,600 shares, accounting for 34.67% of the registered capital.

5. Starting price for public auction: 11,000 VND per share.

The entity selling the shares through public auction is Saigon Securities Incorporation at the Ho Chi Minh City Stock Exchange Center.

6. Preferences for employees and strategic investors:

a) Total number of preferential shares sold to 175 employees of the enterprise is 181,400 shares, according to the Shareholding Reform Plan of the enterprise.

b) Strategic investor is Saigon Trade Service Beer - Wine - Soft Drink Company (address: 12 Dong Du Street, District 1, Ho Chi Minh City) purchasing 392,000 preferential shares.

7. Employee restructuring plan:

- Total number of employees up to the time of shareholding reform: 215 people;

- Total number of employees transferred to the Joint Stock Company: 140 people;

- Total number of surplus employees: 48 people. Among them, according to Decree No. 41/2002/ND-CP: 10 people, according to Resolution 09: 01 person, according to Labor Code: 37 people.

8. Employee retraining plan:

- Total number of employees requiring retraining: 32 people.

- Estimated training cost: 67,200,000 VND.

9. Cost of shareholding reform: 400,000,000 VND

The Director of Ha Tinh Beer and Soft Drink Company decides and is responsible for the actual shareholding reform costs of the Company and implements the settlement of employee preferences, surplus labor costs according to state regulations.

12/2025/TT-BNNMT dated June 19, 2025 issued by the Minister of Agriculture and EnvironmentThe Enterprise Renewal and Development Board of the Ministry is responsible for directing Saigon Beer - Wine - Soft Drink Corporation and Ha Tinh Beer and Soft Drink Company to carry out the sale of shares, settle employee preferences and strategic investor preferences, shareholding reform costs, surplus labor assistance costs, and employee retraining costs; organize the first General Meeting of Shareholders of the Joint Stock Company and perform necessary tasks to convert the Company into a Joint Stock Company in accordance with the provisions of the law.

The Director of Ha Tinh Beer and Soft Drink Company is responsible for managing the Company until the transfer of all assets, capital, labor, and land to the Joint Stock Company and is responsible for the results of the Company's business operations according to current laws.

Article 3. This Decision shall take effect from the date of signing.

The Chief of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the Enterprise Renewal and Development Board of the Ministry, the Board of Directors of Saigon Beer - Wine - Soft Drink Corporation, the Director of Ha Tinh Beer and Soft Drink Company, and the Board of Directors of Saigon Beer Ha Tinh Joint Stock Company are responsible for implementing this Decision./.