Decision No. 98/2003/QD-BCN On the conversion of Thuduc Electronics Company to Thuduc Electronics Joint Stock Company with One Member

DECISION

Regarding the transformation of Thu Duc Electronics Company into Thu Duc Electronics Limited Liability Company with One Member

limited liability company Electron Thu Duc

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THE MINISTER OF INDUSTRY

Pursuant to the Government Decree No. 74/CP dated November 1, 1995 on 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 conversion of state-owned enterprises and enterprises of political organizations and social-political 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 restructuring and modernization plan for state-owned corporations and state-owned enterprises under the Ministry of Industry for the period 2003-2005;

Considering the proposal of Vietnam Electronics and Informatics Corporation at Report No. 77/ĐT-HĐQT dated February 20, 2003 and the dossier on the transformation of Thu Duc Electronics Company into Thu Duc Electronics Limited Liability Company with One Member;

At the proposal of the Head of the Enterprise Reform and Development Department of the Ministry and the Director of the Organization and Cadre Affairs Department,

DECISION:

Article 1. Transform Thu Duc Electronics Company, an independent accounting member enterprise under Vietnam Electronics and Informatics Corporation, into Thu Duc Electronics Limited Liability Company with One Member.

Thu Duc Electronics Limited Liability Company shall have its own seal, be allowed to open accounts at domestic and foreign banks in accordance with the law, and operate according to the Articles of Association of the Company approved by the Board of Directors of Vietnam Electronics and Informatics Corporation and the Law on Enterprises.

Full name: Thu Duc Electronics Limited Liability Company

Abbreviation: Thu Duc Electronics Company;

International trade name in English: VIETTRONICS THUDUC LIMITED COMPANY.

Abbreviation: VTD Co. Ltd.

Main office address: 15C Nguyen Van Troi Street, Phu Nhuan District, Ho Chi Minh City.

Registered capital of the Company: 87,062,000,000 VND.

(Eighty-seven billion six hundred twenty thousand VND)

Article 2. Business activities of the Company:

1. Production, assembly, warranty, wholesale and retail of electrical, electronic, information technology products, specialized and general-purpose medical electronic equipment;

2. Import and export of equipment, tools, spare parts, materials, electrical, electronic, information technology products, specialized and general-purpose medical electronic equipment;

3. Real estate business and office rental services.

Article 3. Organization and operation of the Company:

1. The organizational structure of the Company includes:

a) Board of Directors;

2. The organization and operation of the Company are specifically regulated in the Company's Charter.

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:

The Board of Directors of Vietnam Electronics and Informatics Corporation, located at 15 Tran Hung Dao Street, Hoan Kiem District, Hanoi City.

The Board of Directors of Vietnam Electronics and Informatics 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. Thu Duc Electronics Limited Liability Company is responsible for receiving and using the capital and assets effectively provided by the Board of Directors of Vietnam Electronics and Informatics Corporation to fulfill production and business development tasks, inheriting all legitimate rights, interests, and financial obligations regarding capital, assets, labor, and land of Thu Duc Electronics Company.

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

The Chief of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors and the General Director of Vietnam Electronics and Informatics Corporation, the Director of Thu Duc Electronics Company, the Chairman of the Board of Directors and the Director of Thu Duc Electronics Limited Liability Company are responsible for implementing this Decision./.