Decision No. 56/2004/QĐ-BCN On the transformation of the Electronics Import-Export Company into the Electronics Import-Export Joint Stock Company

Pursuant to …;

Regarding the conversion of the Vietnam Electronics Import Export Company into the Vietnam Electronics Import Export Joint Stock 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. 64/2002/NĐ-CP dated June 19, 2002 of the Government on the conversion of state-owned enterprises into joint-stock companies;

Considering the proposal of the Vietnam Electronics and Information Technology Corporation (Document No. 268 QĐ/ĐT-TCLĐ dated June 22, 2004), the plan for the shareholding transformation of the Vietnam Electronics Import Export Company and the review report on the plan by the Enterprise Reform and Development Board of the Ministry dated June 24, 2004;

At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,

DECISION:

Article 1. Approves the plan for the shareholding transformation of the Vietnam Electronics Import Export Company (a subsidiary that operates independently under the Vietnam Electronics and Information Technology Corporation) as follows:

1. Capital structure:

The charter capital of the joint stock company is 25,780,000,000 VND (Two hundred fifty-five billion seven hundred eighty million VND). Of which:

- State shareholding ratio: 51.00%;

- The proportion of shares sold to employees within the company: 35.41%;

- The proportion of shares sold outside the company: 13.59%.

The value of one share: 100,000 VND.

2. The actual value of the Vietnam Electronics Import Export Company at the time of December 31, 2003 for the purpose of shareholding transformation (Decision No. 1151/QĐ-TCKT dated May 25, 2004 of the Ministry of Industry) is 36,598,276,468 VND. Among this, the actual value of the State-owned capital in the company is 25,779,682,682 VND.

3. Preferential treatment for employees of the Company.

The total number of preferential shares sold to 85 employees within the company is 9,545 shares with a preferential value of 286,350,000 VND. Among these, there are no poor employees purchasing preferential shares on credit.

4. Regarding the costs of shareholding transformation and the resolution of surplus labor, the Vietnam Electronics Import Export Company will handle the procedures and report to the Vietnam Electronics and Information Technology Corporation and relevant state agencies for approval according to current regulations.

Article 2. Convert the Vietnam Electronics Import Export Company into the Vietnam Electronics Import Export Joint Stock Company,

International trade name:

VIETNAM ELECTRONICS IMPORT EXPORT JOINT STOCK COMPANY

Abbreviation: VIETTRONIMEX

Main office: 74-76 Nguyen Hue Street, Ben Nghe Ward, District 1, Ho Chi Minh City

Article 3. The joint stock company engages in the following business activities:

- Designing, manufacturing, producing, exporting, importing, selling, and supplying electronic equipment, systems, products, components, chemicals, parts, and structures for industrial, refrigeration, household, and specialized electronics, medical electronics, information technology, broadcasting, television, and telecommunications;

- Exporting, importing, designing, manufacturing, printing, selling, and supplying various types of equipment, materials, packaging, products, paper, plastic, metal, and handicraft items;

- Trading and exporting agricultural, forestry, fishery, and aquatic products;

- Importing specialized vehicles equipped with integrated broadcasting and television systems;

- Operating hotels, restaurants, organizing exhibitions, conferences, information services, and advertising;

- Trading and providing real estate services (leasing financial assets, properties, houses, real estate, construction projects);

- Other businesses as prescribed by law.

Article 4. The Vietnam Electronics Import Export Joint Stock Company shall be a legal entity under Vietnamese law from the date it receives its business registration certificate, operate independently economically, use its own seal, open bank accounts as prescribed by law, and operate according to the Articles of Association of the joint stock company and the Law on Enterprises.

Article 5. The Vietnam Electronics and Information Technology Corporation is responsible for directing the Vietnam Electronics Import Export Company to organize the auction of shares outside the company through intermediary financial organizations and convening the first General Meeting of Shareholders of the Vietnam Electronics Import Export Joint Stock Company in accordance with current regulations.

The Director and Chief Accountant of the Vietnam Electronics Import Export Company are responsible for managing the company's operations until the transfer of all capital, assets, labor, and land to the Board of Directors and General Director of the Vietnam Electronics Import Export Joint Stock Company.

Article 6. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Head of the Ministry’s Office, the Inspector General, the Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors, the General Director of the Vietnam Electronics and Information Technology Corporation, the Director of the Vietnam Electronics Import Export Company, and the Chairman of the Board of Directors and General Director of the Vietnam Electronics Import Export Joint Stock Company are responsible for implementing this Decision.

Respectfully submitted to Comrade Deputy Minister Châu Huệ Cẩm...

Respectfully submitted to: Comrade Deputy Minister Nguyen Xuan Chuan...

Submitting agency: Organization and Cadre Affairs Department

Issue submitted: Decision to convert the Vietnam Electronics Import Export Company into the Vietnam Electronics Import Export Joint Stock Company

Attached documents: Plan for the shareholding transformation of the Vietnam Electronics Import Export Company