Decision No. 73/2000/QĐ-TTg On the conversion of Dong Nai Roofing and Construction Materials Company to a Joint Stock Company

DECISION

Regarding the conversion of Dong Nai Roofing and Construction Materials Company into a Joint Stock Company

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PRIME MINISTER

Pursuant to the Law on Government Organization dated September 30, 1992;Pursuant to the Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on the conversion of state-owned enterprises into joint stock companies;

Based on the proposal of the Management Board of Vietnam Cement Corporation,

Approves the plan for the conversion of Dong Nai Roofing and Construction Materials Company under Vietnam Cement Corporation according to the letter No. 686/XMVN-ĐMDN dated May 22, 2000 of the Management Board of Vietnam Cement Corporation as follows:Registered capital: 48,389,000,000 Vietnamese dong, including:

DECISION:

Article 1. State shareholding ratio: 25-30% of the registered capital,

1. Employee shareholding ratio within the enterprise: 30% of the registered capital,

Shareholding ratio sold to external entities outside the enterprise: 45-40% of the registered capital.

The actual value of the enterprise for conversion at the time of October 1, 1999: 55,219,443,761 Vietnamese dong; of which the actual value of the state capital in the enterprise: 48,389,199,974 Vietnamese dong.

Employee benefits:

2. Total number of shares offered at a preferential price to employees: 100,625 shares; preferential value: 3,018,750,000 Vietnamese dong, of which shares for poor employees to be paid gradually: 430 shares; preferential value to be paid gradually: 30,100,000 Vietnamese dong.

3. The enterprise will use proceeds from the sale of shares as follows: Training and retraining for employees: 461,000,000 Vietnamese dong.

Convert Dong Nai Roofing and Construction Materials Company under Vietnam Cement Corporation into a Joint Stock Company

4. Full name in Vietnamese: Dong Nai Roofing and Construction Materials Joint Stock Company.

Article 2. DONAC.:

International trading name abbreviation:

International trade name:Dong Nai Roofing and Construction Materials Joint Stock Company's main office: No. 4 Industrial Zone Binh Duong 1, Binh Duong City, Dong Nai Province.

Dong Nai Roofing and Construction Materials Joint Stock Company shall choose one of the two Decrees No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on the conversion of state-owned enterprises into joint stock companies and No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the Law on Encouragement of Domestic Investment (amended) No. 03/1998/QH10 to register with the local tax authority. Dong Nai Roofing and Construction Materials Joint Stock Company operates in the following industries:

Production and trade of cement products, roofing sheets, construction materials, and construction installation.

Article 3. Commercial services, import and export of raw materials, construction materials, interior decoration items, and specialized construction equipment.

Article 4. Dong Nai Roofing and Construction Materials Joint Stock Company:

Is a legal entity under Vietnamese law from the date of business registration, implements independent economic accounting, has its own seal, and is allowed to open bank accounts in accordance with the law, operates in accordance with the Articles of Association of the Joint Stock Company and the Enterprise Law.

The General Director and Chief Accountant of Dong Nai Roofing and Construction Materials Company are responsible for managing the enterprise until the full handover to the Board of Directors and General Director of Dong Nai Roofing and Construction Materials Joint Stock Company.

This Decision takes effect from the date of signing. Previous decisions contrary to this Decision are abolished. The Management Board of Vietnam Cement Corporation, the General Director of Dong Nai Roofing and Construction Materials Company, and the Management Board of Dong Nai Roofing and Construction Materials Joint Stock Company are responsible for implementing this Decision./.

Article 5. Work Joint Stock Company Dong Nai Roofing Materials - Construction Materials:

Is a legal entity under Vietnamese law from the date of issuance of business registration, implementing an independent economic accounting system, having its own seal, opening bank accounts in accordance with the provisions of the law, operating in accordance with the Articles of Association of the Joint Stock Company and the Enterprise Law.

The General Director and Chief Accountant of Dong Nai Roofing Materials - Construction Materials Company are responsible for managing the enterprise until the full transfer to the Board of Management and the General Director of Joint Stock Company Dong Nai Roofing Materials - Construction Materials.

Article 5. This Decision takes effect from the date of signature. Decisions contrary to this Decision are abolished. The Board of Management of Vietnam Cement Corporation, the General Director of Dong Nai Roofing Materials - Construction Materials Company, and the Board of Management of Joint Stock Company Dong Nai Roofing Materials - Construction Materials are responsible for implementing this Decision./.