Decision No. 81/2004/QĐ-TTg Regarding the conversion of Central Cam Pha Mechanical Company into Vietnam Coal Manufacturing Joint Stock Company with One Member

Pursuant to …;

Regarding the conversion of the Central Cam Pha Mechanical Company into the Vietnam Coal Machine Manufacturing Joint Stock Company with One Member

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PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the State Enterprise Law on April 20, 1995;

Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001;

Considering the proposal of the Board of Directors of Vietnam Coal Corporation,

DECISION:

Article 1. The Central Cam Pha Mechanical Company, a member enterprise operating independently under the Vietnam Coal Corporation, shall be converted into the Vietnam Coal Machine Manufacturing Joint Stock Company with One Member.

The Vietnam Coal Machine Manufacturing Joint Stock Company with One Member (referred to as the Vietnam Coal Machine Manufacturing Company) shall have its own seal, open accounts at domestic and foreign banks in accordance with the law, operate according to the Company's Articles of Association and the Law on Enterprises.

- Full name: Vietnam Coal Machine Manufacturing Joint Stock Company with One Member.

- Abbreviation: Vietnam Coal Machine Manufacturing Company.

- International trade name: Vinacoal Machinery Company Limited.

- International abbreviation: Vinacoal Machinery Co.

- English abbreviation: vMC

- Registered capital: 26,419,178,815 Vietnamese dong (Twenty-six billion, four hundred nineteen million, one hundred seventy-eight thousand, eight hundred fifteen Vietnamese dong).

- Transaction account: 710A-00021 Bank of Commerce Cam Pha.

- Head office address: No. 486 Tran Phu Street, Cam Pha City, Quang Ninh Province.

Article 2. Business activities of the Company include: production of high-pressure concrete pipes, metal structures, oxygen, nitrogen; trading in construction materials, oxygen, nitrogen, high-pressure concrete pipes; import and export of materials, raw materials, equipment, spare parts, goods for production and daily life; steel casting and drawing; repair and manufacturing of equipment and spare parts for the energy and mineral sectors; processing and consumption of household coal; inspection and testing services for automobiles, pressure welding, hydraulic equipment; industrial construction; inland waterway transportation, and other business activities permitted by law.

Article 3. Organization and operation:

1. The organizational structure of the Company includes:

- Chairman of the company

- General Director and supporting staff;

- Branches of the company in Hanoi and 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 the Vietnam Coal Corporation, located at 95A Le Thanh Tong Street, Ha Long City, Quang Ninh Province.

The Board of Directors of the Vietnam Coal Corporation is responsible for exercising the rights of the owner of the capital in accordance with Decree No. 63/2001/NĐ-CP dated September 14, 2001 of the Government and the Company's Articles of Association.

Article 5. The Chairman of the Vietnam Coal Machine Manufacturing Joint Stock Company with One Member is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of the Vietnam Coal Corporation to fulfill the tasks of developing production and business operations; inheriting all rights and obligations of the Central Cam Pha Mechanical Company.

Article 6. The Chairman of the Vietnam Coal Machine Manufacturing Joint Stock Company with One Member is responsible for drafting the organizational and operational regulations of the Company to submit to the Board of Directors of the Vietnam Coal Corporation for approval; 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 the Vietnam Coal Corporation, the General Director of the Central Cam Pha Mechanical Company, and the Chairman of the Vietnam Coal Machine Manufacturing Joint Stock Company with One Member are responsible for implementing this Decision./.