Decision No. 89/2004/QĐ-BCN on the transformation of Hanoi Mechanical Company into a State-owned Joint Stock Company with a single member - Hanoi Mechanical Corporation

Pursuant to …;

Regarding the conversion of Hanoi Mechanical Company into State Capital Limited Liability Company Hanoi Mechanical

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 transformation of state-owned enterprises and enterprises of political organizations and political-social organizations into Limited Liability Companies with one member;

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 Machinery and Equipment Corporation (Letter No. 720/CV-HĐQT dated August 4, 2004) and the dossier on the conversion of Hanoi Mechanical Company into State Capital Limited Liability Company Hanoi Mechanical;

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

DECISION:

Article 1. Convert Hanoi Mechanical Company, an independent accounting member enterprise under Vietnam Machinery and Equipment Corporation, into State Capital Limited Liability Company Hanoi Mechanical.

State Capital Limited Liability Company Hanoi Mechanical (referred to as the Company) shall have its own seal, be allowed to open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Company's Charter and the Law on Enterprises.

- Full name: State Capital Limited Liability Company Hanoi Mechanical.

- Abbreviation: Hanoi Mechanical Company;

International trade name in English: HANOI MECHANICAL LIMITED COMPANY.

- Abbreviation: HAMECO. Ltd.

- Main office located at No. 74 Nguyen Trai Street, Thanh Xuan District, Hanoi City

- Registered capital of the Company: 52,684,560,000 VND,

(Fifty-two billion six hundred eighty-four million five hundred sixty thousand VND)

Article 2. Business activities of the Company:

- Production and manufacturing of metal cutting machines, technological equipment spare parts, casting and forging products, steel rolling;

- Production and manufacturing of single machines and equipment, complete sets of equipment, and technical services in the industrial field;

- Production and trading of shaped colored coated and zinc-coated sheets, lifting machinery;

- Trading of electronic and computer equipment. Technology transfer services for electronic and computer equipment;

- Trading of plastic and wood products, medical equipment and consumer goods;

- Trading of housing, real estate, fertilizers, chemicals, and agricultural supplies. Services for warehouse leasing, factory buildings, offices, transportation and cargo handling; construction of civil and industrial projects;

- Import and export and trading of materials and equipment, beer and soft drinks;

- Vocational training to meet social needs;

- 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;

2. The organization and operation of the Company shall be specifically regulated in the Articles of Association of the Company.

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-authorized representative as the owner:

Board of Directors of Vietnam Machinery and Equipment Corporation, address: No. 2 Trieu Quoc Dat Street, Hoan Kiem District, Hanoi City.

The Board of Directors of the Vietnam Machine and Equipment Corporation is responsible for exercising the rights of the owner of the capital in accordance with current laws and the Company's Charter.

Article 5. State Capital Limited Liability Company Hanoi Mechanical shall be responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam Machinery and Equipment Corporation to fulfill the mission of developing production and business activities; inheriting all legitimate rights, interests, and legal obligations regarding capital, assets, labor, and land of Hanoi Mechanical Company.

Article 6. The Chairman and General Director of State Capital Limited Liability Company Hanoi Mechanical shall be responsible for drafting the Company's organizational and operational charter to submit to the Board of Directors of Vietnam Machinery and Equipment Corporation for approval; appointing Deputy General Directors and Chief Accountants of the Company in accordance with the Company's Charter and current laws.

Article 7. 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 of the Ministry, Heads of Departments and Bureaus under the Ministry, the Board of Directors and General Director of Vietnam Machinery and Equipment Corporation, the Director of Hanoi Mechanical Company, the Chairman and General Director of State Capital Limited Liability Company Hanoi Mechanical are responsible for implementing this Decision./.