Company Charter

8/10/2019 Company Charter

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I. JSC CHARTER

CHARTER

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TABLE CONTENTS

I. DEFINITIONS AND INTERPRETATIONS..............................................4II. INCORPORATION OF COMPANY...........................................................7Article 1. Limited Liability..............................................................................................7

Article 2. Names of Company.........................................................................................7Article 3. Head Office, Brances and !epresentati"e Offices.........................................#Article 4. B$siness Acti"ities...........................................................................................#Article %. Le&al !epresentati"e of Company...................................................................#III. CHARTER CAPITAL, SHAREHOLDERS, SHARES AND SHARE

CERTIFICATES............................................................................................#Article '. Carter Capital.................................................................................................#Article 7. (ares...............................................................................................................#Article #. !i&ts of Ordinary (areolders...................................................................11Article ). Obli&ations of Ordinary (areolders...........................................................12Article 1*. Ordinary (ares of +o$ndin& (areolders...................................................13Article 11. !i&ts of reference (areolders.................................................................14Article 12. (are Certificates...........................................................................................14Article 13. (areolders Boo-.........................................................................................14Article 14. ss$ance of (ares..........................................................................................1%Article 1%. (ares /ransfer..............................................................................................1'Article 1'. ss$e of Bonds................................................................................................17Article 17. 0enomination of (ares................................................................................17Article 1#. (ares B$ybac- at (areolders !e$ests..................................................1#Article 1). (are B$ybac- at Companys !e$est.........................................................1#Article 2*. Conditions for ayment of B$ybac- (ares.................................................1#Article 21. ayment of 0i"idends....................................................................................1)Article 22. !eco"ery of ayment for B$ybac- (ares(ares or 0i"idends..................1)IV. STRUCTURAL ORGANIZATION...........................................................23Article 23. Or&aniational (tr$ct$re................................................................................23Article 24. (areolder 5eetin&......................................................................................23Article 2%. Call for (areolder 5eetin&s.......................................................................24Article 2'. A&enda and Contents of (areolder 5eetin&s............................................2%Article 27. List of (areolders 6li&ible to articipate in (areolder 5eetin&s...........2'Article 2#. n"itation of te (areolder 5eetin&s.........................................................2'Article 2). Conditions for alid (areolder 5eetin&....................................................2'Article 3*. (teps and otin& 5etods of (areolder 5eetin&s.....................................27Article 31. assin& 0ecisions of (areolder 5eetin&s..................................................2#Article 32. Board of 5ana&ement...................................................................................2)Article 33. Cairman........................................................................................................31Article 34. Board 5eetin&s..............................................................................................32Article 3%. Board 5eetin& 8$or$m.................................................................................33Article 3'. otin& at Board 5eetin&s..............................................................................33Article 37. 5in$tes of te (areolder 5eetin& and 5in$tes of te Board 5eetin&... ..33Article 3#. 9ritten !esol$tions :ito$t Board 5eetin&.................................................34Article 3). ;eneral 0irector............................................................................................34


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Article 4*. (alaries, Allo:ance and Oter Benefits of Board 5embers and ;eneral0irector..........................................................................................................3%

Article 41. 0$ties of 5ana&ers........................................................................................3%Article 42. Limitations on Contracts................................................................................3'Article 43. Board of ($per"ision.....................................................................................37

Article 44. Boo-s and !ecords........................................................................................3#V. ACCOUNTS, ACOUNTING AND AUDITING........................................3)Article 4%. Ban- Acco$nts...............................................................................................3)Article 4'. +iscal


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CHARTER


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bD Company mana&ersE

cD 6nterprises tat is controlled by persons specified in tem aD to tem D,old (ares to te le"el tat tey can control te decisionma-in& processof te mana&ement bodies of te enterpriseE and

dD Holdin& company of te Company, its mana&ers and oter persons :oare competent to appoint mana&ers of its s$bsidiaryE

eD ndi"id$al or &ro$p of indi"id$als tose are capable of dominatin&operations of te Company tro$& mana&ement bodies in te CompanyE

fD ndi"id$al :o is a$toried representati"e of tose specified in tem aDto tem eDE

&D ($bsidiaries of te CompanyE and

D 9ife, $sband, fater, foster fater, moter, foster moter, cild, passedcild, or siblin& of a mana&er or a member oldin& dominant capital sareor (areolder oldin& a maFority of (ares.

@F#'!*!+ S3&)e3#%*e) means a (areolder :o initially e>ec$ted tis Carter toestablis te Company, :ose name, address and sareoldin& in te Carter Capital isset o$t in Anne> 1.

@He&* Off(e means te ead office of te Company.

@I!0e$"e!" Ce)"f(&"e means an n"estment Certificate iss$ed by te Licensin&A$tority to establis te Company as may be amended andGor s$pplemented from timeto time.

@L&4 or L&4$ means te La: on 6nterprises and all oter applicable la:s, decrees,decisions, circ$lars, re&$lations and oter doc$ments a"in& te effect of La: iss$ed byany (tate A$tority as te same may be amended, s$pplemented or replaced from timeto timeD and :ic are applicable to te Companys establisment and operation.

@L#) means, te rate per ann$m e$al to te rate for deposits for a period e$al to teterm of eac period, :ic appears on /elerate a&e 37%* $nder te caption @BritisBan-ers Association Libor !ates or on any s$ccessor or s$bstit$te pa&e of s$c ser"ice,or any s$ccessor to or s$bstit$te for s$c ser"ice, pro"idin& rate $otations comparable to

tose c$rrently pro"ided on s$c pa&e of s$c ser"ice, as reasonably determined by teLender from time to time for p$rpose of pro"idin& $otations of interest rates applicableto =( 0ollar deposits in te London interban- mar-etD as of 11?** a.m. London time.

@L(e!$!+ A'"3#)" means te 0epartment of lannin& and n"estment of Bin0$on& ro"ince or s$c oter (tate A$tority as may, at te rele"ant time, a"e teresponsibility and a$tority $nder te La: to license and s$per"ise te incorporation,e>tension andGor operation of te Company.


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@M&!&+e) means any Board 5ember, ;eneral 0irector or oter person appointed byte ;eneral 0irector as te mana&er of te Company from time to time.

@M!'"e B##5 means a boo- recordin& all te min$tes of te (areolders 5eetin&sand Board 5eetin&s.

@O)*!&) S3&)e means ordinary sare iss$ed by te Company from time to time.

@O)*!&) S3&)e3#%*e) means any person :o o:ns at least one Ordinary (are fromtime to time.

@P)efe)e!(e S3&)e means a di"idend preference and redeemable (are as set fort inArticle 7.4bD.

@P)efe)e!(e S3&)e3#%*e) means any person :o o:ns at least one reference (arefrom time to time.

@S3&)e Ce)"f(&"e$ means te certificates iss$ed by te Company in accordance :itArticle 12 e"idencin& te o:nersip o"er te related amo$nt of (ares by a partic$lar(areolder and @S3&)e Ce)"f(&"emeans any of tem.

@S3&)e3#%*e) B##5 means a re&ister to be establised and maintained by te Companyin accordance :it Article 13.

@S3&)e3#%*e) means any person :o o:ns at least one (are from time to time.

S3&)e3#%*e)$ Mee"!+means te i&est a$tority of te Company a"in& te po:ersset o$t in tis Carter and operatin& in accordance :it tis Carter and te La:.

@S3&)e$ means Ordinary (ares and reference (ares iss$ed by te Company fromtime to time, and @S3&)e means one of tem.

@S"&"e A'"3#)" means any and all of te follo:in& bodies? te National Assembly,te (tandin& Committee of te National Assembly, te resident of te (tate, te;o"ernment, te rime 5inister, te ;o"ernment Office, any 5inistry, any eoplesCommittee or any of its a&encies, departments or bodies, and any and all otercommittees, ministers, co$ncils, a&encies, bodies or officers :ose consent, appro"al,re&istration, commitment, in"ol"ement or cons$ltation is re$ired or desirable in teopinion of te Company for anytin& or matter referred to in or contemplated by tisCarter.

@S'/e)0$#) means a member of te Board of ($per"ision.

@USD or @D#%%&) means te la:f$l c$rrency of te =nited (tate of America.

@Ve"!& means te (ocialist !ep$blic of ietnam.

@VND or D#!+ means te la:f$l c$rrency of ietnam.


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@Ye&)means a calendar year.

2. I!"e)/)e"&"#!

aD /e eadin&s $sed in te Carter are for con"enience only and sall notaffect te interpretation ereof.

bD =nless te conte>t oter:ise re$ires, references in te Carter to?

iD :ords incl$din& :ords defined ereinD denotin& te sin&$larn$mber sall also incl$de te pl$ral and "ice "ersa and :ordsdenotin& any &ender sall incl$de any oter &enderE

iiD te e>pressions Iincl$deI or Iincl$din&I sall be constr$ed:ito$t limitationE

iiiD te anne>es form part of te CarterE

i"D @day sall mean a :or-in& day on :ic ban-s open to operate inietnamE and

"D @Article and @Anne> means an article and an anne> of teCarter, respecti"ely.

II. INCORPORATION OF COMPANY

A)"(%e 1. L"e* L&%"

/e Company is a Foint stoc- company bein& establised and operatin& p$rs$ant

to te La:s. (areolders sall be responsible for debts and oter liabilities ofte Company :itin amo$nt of teir contrib$ted capital (aresD in te Company.

A)"(%e 2. N&e$ #f C#/&!1

/e names of te Company sall incl$de?

aD ietnamese Name

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bD 6n&lis Name

___

cD Abbre"iated Name

JJJ

1lease noted tat tose names are proposed, please confirm names of te Company.


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A)"(%e 6. He&* Off(e, B)&!(3e$ &!* Re/)e$e!"&"0e Off(e$

/e Head Office sall be located at KJJJ, ietnam. 2 /e Company & #/e!)&!(3 #) )e/)e$e!"&"0e #ff(e$ &!43e)e 4"3! #) #'"$*e Ve"!& !(#!f#)":it te L&4$ and &$ te Board of 5ana&ement may *e(*e f)#

"e "# "e.A)"(%e 7. B'$!e$$ A("0"e$

/e b$siness acti"ities of te Company sall incl$de JJJ

A)"(%e 8. Le+&% Re/)e$e!"&"0e #f C#/&!

K/e Cairman3sall be te le&al representati"e of te Company.

III. CHARTER CAPITAL, SHAREHOLDERS, SHARES AND SHARECERTIFICATES

A)"(%e 9. C3&)"e) C&/"&%

'.1 /e Carter Capital of te Company sall be JJJ

'.2 /e increase or decrease of Carter Capital sall be s$bFect to te b$siness of teCompany and solely decided by te (areolder 5eetin&.

A)"(%e :. S3&)e$

7.1 N$mber and al$e of (ares

aD /e Carter Capital is di"ided into JJ

bD (are "al$e? =(0JJJ.

7.2 Classes and N$mber of (ares of eac Class of (ares

aD /e Company sall a"e te follo:in& classes of (ares?

iD Ordinary (aresE and

iiD reference (ares.4

bD O$t of te total K1%,*** (ares, tere sall be?

2lease pro"ide te ead office address of te Company.3lease confirm. /e le&al representati"e of te Company may be te Cairman or te ;eneral 0irector.46>cept for di"idend and redeemable preference sares, te Company may also iss$e "otin& preferencesare. Ho:e"er, a "otin& preference sare is "alid :itin only 3 years from te date of te in"estmentcertificate. t :ill be con"erted a$tomatically to into an ordinary sare $pon e>piry of tat 3 year period.


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),***8Ordinary (aresE and

',***9reference (ares.

cD /e (areolders of te same class of (ares sall a"e te same ri&ts,interests and obli&ations. 0etails of (areolders, te n$mber of (ares ofeac (areolder are stip$lated in Anne> 2.

dD /e Company may iss$e oter types of preferential (ares $nder tedecision of te (areolder 5eetin& in line :it te La:s.

eD /e Ordinary (ares may not be con"erted into reference (ares.reference (ares may be con"erted into Ordinary (ares p$rs$ant to tedecision of te (areolder 5eetin&.

7.3 !i&ts attaced to (ares

aD As to "otin&iD /e Ordinary (ares sall confer te ri&t to recei"e notice of and

to attend and "ote at any (areolder 5eetin& on te basis of one"ote per Ordinary (are. =pon a so: of ands or a poll e"eryOrdinary (areolder present in person or by pro>y sall a"e one"ote for e"ery Ordinary (are eld by im.

iiD /e reference (ares sall a"e te ri&t to recei"e notice of, andto attend b$t not to "ote at, a (areolder 5eetin&.

bD As to di"idends

($bFect to Article 21, di"idable di"idends of te Company sall be paid byte follo:in& se$ence :it preference.

1D C$m$lati"e 0i"idends for a reference (areolder

reference (areolders sall be entitled to recei"e c$m$lati"e di"idendsin preference to any di"idend on te Ordinary (are, at te a&&re&ate rateof 3mont Libor M fi"e %D of te sare "al$e per ann$m, :en and asdeclared by te (areolder 5eetin&. f te di"idends are not paid in anyyear, te $npaid di"idends acc$m$late and m$st be paid before any

di"idends to Ordinary (areolders.

2D C$m$lati"e 0i"idends for Ordinary (areolders

%lease confirm'lease confirm


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Ordinary (areolders sall be entitled to recei"e c$m$lati"e di"idends inpreference to any participatin& di"idends set fort in 3D of tis article, atte a&&re&ate rate of 3mont Libor M fi"e %D of te sare "al$e perann$m, :en and as declared by te (areolder 5eetin&. f te di"idendsare not paid in any year, te $npaid di"idends acc$m$late and m$st be

paid before any articipatin& 0i"idends.3D articipatin& 0i"idends

ts sall be payable pro rata based on te n$mber of sares of teOrdinary (are and te reference (are, of :ic n$mber sall becalc$lated into te n$mber of te Ordinary (are into :ic tey arecon"ertible, b$t only if and :en declared by te (areolder 5eetin&.No articipatin& 0i"idends sall be paid $nless C$m$lati"e 0i"idends ofte reference (are and Ordinary (are a"e been paid.

iD +or te p$rpose of te determination of te di"idends, te Libor sall be

determined on te last B$siness 0ay in 0ecember in eac year.

cD As to capital

iD A reference (areolder sall be entitled to re$est te Companyto b$y bac- part or :ole of is reference (ares at any timeE and

iiD n te e"ent of any li$idation or :indin& $p of te Company, areference (areolder sall be entitled to recei"e, in preference toOrdinary (areolders, te amo$nt at :ic te reference(areolders, as te case may be, :as p$rcased from te

Company pl$s any accr$ed b$t $npaid di"idends./e remainin& balance of te proceeds from te li$idation sallten be allocated to te Ordinary (areolders.

At te option of te olders of te referred (are, a mer&er, saleof all or s$bstantially all of te assets of te ss$er, reor&aniationor oter transaction in :ic control of te ss$er is transferredmay be treated as a li$idation, dissol$tion or :indin& $p forp$rposes of te li$idation preference.

A)"(%e ;. R+3"$ #f O)*!&) S3&)e3#%*e)$

9ito$t preF$dice to any oter pro"isions of tis Carter, an Ordinary(areolder sall a"e te follo:in& ri&ts?:

7lease be noted tat tis Article does not differentiate ratio of sareolder of ordinary (ares.


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aD to participate and disc$ss in all (areolder 5eetin& and "ote directly or"ia pro>y, eac Ordinary (are carries one "oteE

bD to recei"e di"idends at te rate decided by te (areolder 5eetin&E

cD to be &i"en priority in s$bscribin& for ne: (ares offered for sales inproportion to is Ordinary (ares of te CompanyE

dD to cec-, re"ie: and e>tract information from te list of (areolders :it"otin& ri&ts and re$est for correction of any inacc$rate informationE

eD to cec-, re"ie: and e>tract or copy te Carter, 5in$te Boo- and oterresol$tions of (areolder 5eetin&E

fD to recei"e part of te remainin& property in proportion to is (ares in teCompany :en te Company is dissol"ed or ban-r$ptedE

&D to nominate Board 5ember and ($per"isor. 6ac Ordinary (areoldersall be entitled to nominate one Board 5ember and one ($per"isor. /ote f$llest e>tent permitted by te La:s, a person :o is nominated as aBoard 5ember by a (areolder may be nominated as oter Board5embers by oter (areolder o:e"er e sall not be nominated asBoard 5embers by all (areoldersE#

D to re"ie: and e>tract te 5in$te Boo-, resol$tions of te Board of5ana&ement, periodical and ann$al financial report in forms ofacco$ntin& system of ietnam and reports of Board of ($per"isionE and

iD to re$est te Board of ($per"ision to e>amine specific iss$e in relation tote mana&ement and operation of te Company if necessary. /e re$estm$st be in :ritin&.

FD /o call for te (areolder 5eetin& in any follo:in& cases?

iD /e Board of 5ana&ement serio$sly "iolates te ri&ts of(areolders, d$ties of mana&ers or ma-es decisions beyond itspo:erE and

iiD /e term of te Board of 5ana&ement is e>pired more tan *'monts and no election for te ne: Board of 5ana&ement is eld.

($c re$est m$st be made in :ritin& enclosed :it te doc$ments,e"idence pro"in& te "iolations of te Board of 5ana&ement, serio$snessof te said "iolations and te defecti"e decisions.

A)"(%e


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9ito$t preF$dice to any oter pro"isions of tis Carter, an Ordinary(areolder m$st?

aD ma-e f$ll payment to te Company for te s$bscribed (ares :itin )*ninetyD days from te iss$ance date of te n"estment Certificate and be

liable for debts and oter liabilities of te Company to te e>tent of tepaid$p (aresE

bD not be entitled to :itdra: te paid$p capital made in form of Ordinary(ares $nless oter:ise tose (ares are bo$&t bac- by te Company ortransferred to anoter person. f te paid$p capital in form of Ordinary(ares is :itdra:n partially or :olly by a (areolder in contrary totis Article ).1, Board 5ember and te Le&al !epresentati"e of teCompany sall be Fointly liable to debts and oter obli&ations of teCompany to te e>tent of te re"o-ed capitalE

cD comply :it te Carter and internal r$les of te CompanyE

dD comply :it te decisions of te (areolder 5eetin& and te Board of5ana&ementE

eD Comply :it oter obli&ations in accordance :it te La:s and teCarterE and

fD obtain prior appro"al from a reference (areolder in :ritin&, for te follo:in&,before te resol$tion by te (areolder 5eetin& E

aD amendment andGor repeal or alteration of te Company CarterE

iD sale, lease, e>can&e, mort&a&e, pled&e or any disposition in e$i"alent toK7* or more of te total "al$e of assets recorded in te latest financialreport of te Company incl$din& te &ood:ill of te CompanyE

iiD inc$rrin& and creatin& indebtedness and iss$ance of ne: sares orsec$ritiesE

iiiD mer&er or consolidation of te Company :it any oter company, orac$isition of te sares or assets of anoter entity, or enterin& into aFoint "ent$reE

i"D in"estment of corporate f$nds in any oter corporation or ne: b$siness orfor any p$rpose oter tan te primary p$rpose for :ic it :asor&aniedE


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"D filin& of a petition for "ol$ntary reor&aniation or s$spension of paymentof its obli&ations, or an application for te appointment of a recei"er ortr$stee itself or for any part of its properties or an application for teli$idation or dissol$tion of te Company, or a partial s$spension ofb$siness operationE

"iD appointment or remo"al of Board 5ember, ($per"isor, and e>ternala$ditorsE

"iiDappro"al of any sale or disposition of strate&ic assets or transfer of saresof any s$bsidiary incl$din& a contrib$tion to a Foint "ent$reD.

"iiiD declaration of di"idendsE

i>D any action :ic is not in consonance :it te declared economic policiesof te CompanyE

>D te creation of reser"esE

>iD te modification or re"ersal of any decision made or ta-en by te Board of0irectorsE and

>iiDte determination of te compensation of te Board of 0irectors.

A)"(%e 1=. O)*!&) S3&)e$ #f F#'!*!+ S3&)e3#%*e)$

1*.1 9itin )* days from te iss$ance date of te n"estment Certificate, te Company

m$st send a notice of te (are payment to te Licensin& A$tority.

1*.2 /e le&al representati"e of te Company sall be indi"id$ally liable for anydama&e to te Company if tere is any delay in sendin& te notice, or inacc$rateand disonest notice.

1*.3 n case :ere a +o$ndin& (areolder fails to ma-e payment for isGers$bscribed (ares, te $npaid (ares sall be?

iD paid $p by te oter +o$ndin& (areolders in proportion to teirsareoldin&E

iiD paid $p by te oter +o$ndin& (areoldersE and

iiiD paid $p by oter persons :o are not +o$ndin& (areolders. /osepersons sall ten become te +o$ndin& (areolders of te Company. ntis case, te +o$ndin& (areolders :o a"e not yet made payment ofs$bscribed (ares are no lon&er +o$ndin& (areolders.


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1*.4 f te s$bscribed (ares of te +o$ndin& (areolders a"e not been f$lly paid$p, all +o$ndin& (areolders sall be Fointly liable to te debts and oterliabilities of te Company in pro rata to teir respecti"ely paid (ares.

A)"(%e 11. R+3"$ #f P)efe)e!(e S3&)e3#%*e)$

A reference (areolder sall a"e te same ri&ts as tose of an Ordinary(areolder e>cept for te ri&ts in relation to te (areolder 5eetin&s inaccordance :it Article 7.3aDiiD.

A)"(%e 12. S3&)e Ce)"f(&"e$

12.1 Certificates iss$ed by te Company or data recorded in a (areolder Boo- tate"idences te o:nersip of one or more (ares is referred to as (are Certificates./ypes of (are Certificates /ere are t:o classes of (ares incl$din& bearer (areCertificate or nonbearer (are Certificate.

12.2 An error in te contents and form of a (are Certificate sall not affect te ri&tsand benefits of its older. /e Cairman and ;eneral 0irector sall be Fointlyliable to losses ca$sed by s$c a mista-e.

12.6 n te case :ere a (are Certificate is lost, b$rned, partially dama&ed oroter:ise destroyed, te (are Certificate sall be reiss$ed $pon a re$est madeby its o:ner. +or tose (ares :it te par "al$e of more tan N0K1* millionan e$i"alent of =(0 K%##D, prior to te acceptance of te re$est for iss$anceof ne: (are Certificate, te Companys le&al representati"e may aste(areolders to ma-e an anno$ncement of te lost or destroy of te (areCertificate, and aste Company to iss$e ne: (are Certificate 1% days

tereafter.A)"(%e 16. S3&)e3#%*e)$ B##5

13.1 /e Company is re$ired to ma-e and retain te (areolders Boo- from te dateof n"estment Certificate in order to re&ister information of (areolders. ($c aboo- may be in form of eiter :ritin& or electronic file or bot.

13.2 (areolders Boo- sall be -ept in te Head Office of te Company or asec$rities re&istration, c$stody, payment and clearin& center. (areolders areentitled to cec-, re"ie:, e>tract and copy contents of te (areolder Boo-d$rin& te openin& o$rs.

13.3 A (areolder oldin& % or more of te total n$mber of (ares sall bere&istered :it te Licensin& A$tority :itin 7 days from te date of ac$isitionof te (are as stip$lated in Article 14.%.

A)"(%e 17. I$$'&!(e #f S3&)e$


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14.1 Kf te Carter Capital is increased or decreased p$rs$ant to Article '.2, teCompany sall can&e te sareoldin& str$ct$re p$rs$ant to te decision of te(areolder 5eetin& to te f$llest e>tent permitted by te La:s.

14.2 +or te p$rpose of tis Article, iss$ance of (ares means any iss$ance of te

a$torised (ares, or iss$ance of ne: (ares to increase te Carter Capital.14.3 ($bFect to te decision of te (areolder 5eetin& as stip$lated in te Article

24.2bD, te Board of 5ana&ement as te ri&t to decide te time, metod andprice of te iss$ance. /e offerin& price of te iss$ance sall not be lo:er tan temar-et price of te offered (ares at te time of iss$ance or te latest par "al$e ofte (ares, e>cept in te follo:in& cases?

aD :ere (ares are offered for te first time to tose :o are not +o$ndin&(areoldersE

bD :ere (ares are offered to all (areolders in proportion to teir

respecti"e sareoldin&E and

cD :ere (ares are offered to bro-ers andGor $nder:riters.

14.4 n any of te cases as stip$lated in Cla$se cD abo"e, te applicable disco$nt ratem$st be appro"ed by te (areolder 5eetin&.

14.% /e iss$e of additional (ares to all (areolders in proportion to teir respecti"esareoldin& sall be as follo:s?

aD /e Company m$st notify all (areolders of te additional iss$ance byre&istered mail. n te meantime, te notice m$st be p$blised inne:spapre in 3 consec$ti"e iss$es :itin 1* days from te date of tenotice.

bD reemption of (are p$rcase can be transferred to oter persons p$rs$antto Article 1%E and

cD f te (are s$bscription form is not sent to te Company :itin te timelimit as stip$lated in te notification, te rele"ant (areolder isconsidered as ref$sin& preemption of (are. f te offered (ares a"e notbeen entirely s$bscribed by te (areolders, te Board of 5ana&ementmay decide to offer te $ns$bscribed (ares to oter persons pro"ided tat

te offerin& conditions of te $ns$bscribed (ares are not better tan toseoffered to te rele"ant (areolders, $nless oter:ise a&reed by te(areolder 5eetin& or te (ares are offered tro$& te stoc- e>can&e.

14.' (ares sall be deemed to be sold :en tey are f$lly paid and information of teb$yer are ade$ately and tr$tf$lly recorded in te (areolder Boo-, ten teb$yer of s$c (ares sall become a (areolder.


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14.7 /e Company sall iss$e (are Certificates to te b$yer after f$ll payment of teoffered (ares is made. /e Company may opt to sell (ares :ito$t iss$in&(are Certificates. n tis case, incorporation of details of te b$yer in te(areolder Boo- sall be s$fficient to e"idence te o:nersip of s$c b$yero"er te p$rcased (ares.

14.# /e Company may cond$ct te pri"ate placements and p$blic offerin&s p$rs$ant tote decision of (areolder 5eetin& and in accordance :it te La:s.

A)"(%e 18. S3&)e$ T)&!$fe)

18.1 /o te f$llest e>tent permitted by te La:s, a (areolder sall not transfer is(ares or is preemption ri&ts to any person :o is not a (areolder e>cept inte cases as stip$lated in Articles 1%.2 and 1%.3.? /e Offerees m$st b$y all of Offered (ares or m$st b$y at least a certain Offered (ares.


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iiiD /e conditions if anyD as set o$t in te /ransfer Notice are notsatisfied by te Offerees.

18.6 /a&Alon& !i&ts

aD ($bFect to Articles 1%.1 and 1%.2 and to te f$llest e>tent permitted by teLa:s, :en a (areolder @T&+-A%#!+ T)&!$fe)#)D transfers is (aresto any person @T&+-A%#!+ T)&!$fe)eeD :o is not (areolder, eGsesall send to all oter (areolders @T&+-A%#!+ Offe)ee$D a 3* daynotice @T&+-A%#!+ N#"(eD :it te terms and conditions of isGer(are transfer.

bD f te /a&Alon& Offerees a&ree to te /a&Alon& Notice, tey :ill beentitled to sell teir respecti"e (ares to te /a&Alon& /ransferee on tesame terms and conditions of te transfer of te /a&Alon& /ransferor.

A)"(%e 19. I$$'e #f B#!*$

1'.1 /e Company sall be entitled to iss$e bonds, con"ertible bonds, and oterclasses of bonds in conformity :it te La:s.

1'.2 =nless oter:ise stip$lated in te re&$lations on sec$rities, te Company sall notbe allo:ed to iss$e bonds if?

aD t fails to ma-e f$ll repayment for te principal and interest of iss$edbonds or do not pay or ma-e f$ll payment of d$e debts in te last 3consec$ti"e yearsE and

bD /e a"era&e afterta>profit ratio in te last tree consec$ti"e years is noti&er tan interest proposed to pay for bonds to be iss$edE

1'.3 /e iss$ance of bonds to creditors tat are selected financial instit$tions sall notbe restricted by Article 1'.2 aD.

1'.4 /e Board of 5ana&ement sall decide te classes of bonds, te total "al$e ofbonds and iss$in& time, b$t sall be s$bFected to report at te nearest (areolder5eetin&. /e report is re$ired to attac :it materials and doc$ments fore>plainin& te decision of te Board of 5ana&ement on te iss$ance of bonds.

A)"(%e 1:. De!#!&"#! #f S3&)e$

/o te f$llest e>tent permitted by te La:s, (ares and bonds iss$ed by Companycan be paid in eiter 0on&, con"ertible forei&n c$rrencies, &old, and "al$e of land$se ri&t, "al$e of intellect$al property ri&ts, tecnolo&y and -no:o: or oterclasses of assets and m$st be paid in f$ll once.

A)"(%e 1;. S3&)e$ B'-&(5 &" S3&)e3#%*e)$> Re?'e$"$


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1;.1 A (areder te @0isa&reein& (areolderD sall be entitled to re$est teCompany to b$y bac- is (ares if te re$estin& (areolder "otes a&ainstdecisions of te (areolder 5eetin& in relation to te reconstr$ction of teCompany or alteration of te ri&ts, obli&ations of te (areolders tat arestip$lated in te Carter.

1;.2 /e offer to sell te 0isa&reein& (areolders (ares sall be made in :ritin& andsent to te Company :itin K1* :or-in& days from te date of te rele"antdecision by te (areolder 5eetin& :ic is disa&reed by te 0isa&reein&(areolder.

1;.6 /e Company may b$y bac- te (ares offered by te 0isa&reein& (areolder atan a&reed price :itin K)* days from te date of recei"in& te offer from te0isa&reein& (areolder. f te parties cannot a&ree on te price of te0isa&reein& (areolders (ares, te Company is re$ired to recommend 3pricin& entities and te 0isa&reein& (areolder sall coose 1 o$t of terecommended 3. 0ecision of te cooen pricin& entity sall be final and bindin&$pon te rele"ant parties. /e costs for te pricin& entitys decision sall bee$ally sared by te rele"ant parties.

A)"(%e 1


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A)"(%e 21. P&e!" #f D0*e!*$

21.1 /e di"idends sall be di"ided to te (areolders after ded$ction of tefollo:in& amo$nts from te Net rofits?

@& !eser"ation f$nd? te amo$nt e$i"alent to te ne>t t:o2D times ofrepayment of principal :it interest tereon and all oter moneys d$e or tobecome d$e from te Company $nder any a&reements relatin& toborro:in& and iss$in& bond E and

@ Bon$s? K% of te Net rofit.

21.2 Net profit @Net rofitsD for te p$rpose of di"idends payment sall bedetermined p$rs$ant to te applicable ietnamese Acco$ntin& (ystem.

21.6 0i"idends can be paid in form of cas, (ares or assets s$bFect to te decisions ofte (areolder 5eetin&. f payment is made in cas, tat cas m$st be =(0 and

can be in made by ce$e or a monetary order sent to te resident addresses of te(areolders.

21.7 0i"idends can be paid tro$& ban- if te Company as all information tatenables to transfer te di"idends to te (areolders ban- acco$nt. f teCompany as transferred te di"idend to te address as pro"ided by (areolders,it sall not be responsible for any losses tat may appen from tat transaction.

21.8 /e Board of 5ana&ement m$st ma-e a list of eli&ible (areolders, determinete amo$nt of di"idend, te time and form for ma-in& payment at least K3* daysprior te date on :ic te payment is proposed to be made. Notification of

di"idend payment m$st be sent by sec$red mail to te re&istered address of all(areolders no later tan K1% days prior to te date on :ic s$c payment isproposed to be made.

21.9 9ere a (areolder transfers is (ares to any person pendin& te completion ofte list of (areolders and te di"idends payment, te di"idends sall be paid tote transferor.

A)"(%e 22. Re(#0e) #f P&e!" f#) B'-&(5 S3&)e$ #) D0*e!*$

n te case :ere a (are b$ybac- does not comply :it Article 2* or tepayment of di"idend is contrary to Article 21, te rele"ant (areolder sall

ret$rn te Company is paid money or assets. n te case :ere a (areolder isnot able to do so, tat (areolder and all Board 5embers sall Fointly be liableto debts of te Company to te e>tent of te paid money or assets e bein& $nableto ret$rn to te Company.

A)"(%e 26. A("$ #f Def&'%" O)*!&) S3&)e3#%*e)$


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23.1 /e occ$rrence of any of te follo:in& sall, :ile it s$bsists, constit$te an act ofdefa$lt by Ordinary (areolders?

aD te fail$re of Ordinary (areolders to comply :it any material obli&ationimposed to it by tis A&reementE

bD an application :ic is not dismissed or :itdra:n :itin 3* B$siness0aysD is made for te ban-r$ptcy, :indin& $p or dissol$tion of Ordinary(areoldersE

cD an order is made or a resol$tion is passed for te ban-r$ptcy, :indin& $p ordissol$tion of Ordinary (areolders, oter:ise tan for te p$rposes of asol"ent reconstr$ction or amal&amationE

dD a recei"er, tr$stee or similar official is appointed o"er all or any part of teassets of Ordinary (areoldersE or

eD Ordinary (areolders enters into or resol"es to enter into any arran&ement,composition or compromise :it or assi&nment for te benefit of its creditors&enerally or any class or its creditor or proceedin&s are commenced tosanction any s$c arran&ement, composition or compromise.

23.1 f a Ordinary (areolder commits an act of defa$lt $nder Article 23.1 teI0efa$ltin& (areolderID, any of a reference (areolder te INon0efa$ltin&(areoldersID may, at any time after tat act of defa$lt occ$rs, ser"e a notice ofdefa$lt on te 0efa$ltin& (areolder specifyin& te nat$re of te defa$lt. f tatact of defa$lt is not remedied by te 0efa$ltin& (areolder :itin 3* B$siness0ays after te &i"in& of te notice of defa$lt, te 0efa$ltin& (areolder sall

p$rcase all of te reference (are from Non0efa$ltin& (areolders :it tepar "al$e or as oter:ise a&reed bet:een 0efa$ltin& (areolder and Non0efa$ltin& (areolders. f te parties do not reac to te a&reement :it re&ardto te p$rcasin& price :itin 21* days after te &i"in& of te notice of defa$lt,te 0efa$ltin& (areolder sall be deemed to a"e relin$ised its entireo:nersip interest in te Company to te Non0efa$ltin& (areolders pro rata inproportion to teir o:nersip interests or as oter:ise a&reed bet:een te Non0efa$ltin& (areolders.

23.1 n te e"ent an act of defa$lt $nder Article 23.1aD occ$rs, s$c act of defa$lt sallnot operate to deem te 0efa$ltin& (areolder to a"e relin$ised its

O:nersip nterest, if te 0efa$ltin& (areolder?aD remedies s$c defa$lt :itin tirty3*D days after te notice of defa$lt is

&i"enE

bD &i"es notice to te Non0efa$ltin& (areolders tat te 0efa$ltin&(areolder :ill pay ade$ate monetary compensation to te Non0efa$ltin&(areolders if te defa$lt is not capable of bein& remediedE or


22/123

cD te alle&ed defa$lt relates to a matter in respect of :ic te alle&ed0efa$ltin& (areolder as pro"ided te oter (areolders :it a notice of+orce 5aFe$re p$rs$ant to te pro"isions of Article 24.

A)"(%e 27. F#)(e M&e')e

24.1 f a (areolder is rendered $nable :olly or in part by force maFe$re to carry o$tits obli&ations $nder tis Carter, it sall &i"e to te oter (areolders promptnotice of te force maFe$re :it reasonably f$ll partic$lars tereof, and itsobli&ations, so far as tey are affected by te force maFe$re, sall be s$spendedd$rin& b$t not lon&er tan te contin$ance of te force maFe$re.

24.2 /e claimin& (areolder sall $se all reasonable dili&ence in te circ$mstances toremo"e te force maFe$re as $ic-ly as practicable sa"e tat it sall not tereby berendered liable to settle any stri-e, loc-o$t or oter labor diffic$lty on terms notreasonably acceptable to it or to its Affiliate :ic is carryin& on a s$bstantiallysimilar or related b$siness :ic may reasonably be e>pected to be ad"ersely

affected by tat settlement.

24.3 +or te p$rposes of tis A&reement, te term Iforce maFe$reI sall mean?

aD :ar, :eter declared or $ndeclared, act of :ar, treat of imminent :ar,re"ol$tion, terrorist acti"ities, rebellion, or act of p$blic enemiesE

bD riot, ci"il commotion, "andalism, sabota&e, bloc-ade, or dist$rbance orany $nla:f$l act a&ainst p$blic order or a$torityE

cD stri-e, loc-o$t, sorta&e of necessary labor, stoppa&e, ban or limitation on

:or- or restraint of labor or any oter form of ind$strial dist$rbance, :eter atte roFect Lands, or oter:iseE

dD act of ;od, fire, flood, storm, typoon, ts$namis, li&tnin& stri-e,eart$a-e, dro$&t, tempest or cyclone or oter ad"erse :eater conditionE

eD act or restraint of any &o"ernmental or semi&o"ernmental or oter p$blicor stat$tory a$tority of te ilippines or apan, a"in& or p$rportin& to a"eF$risdictionE

fD te inability to obtain, or re"ocation of, or amendment to any order,permit, license, certificate, a$toriation or appro"al of any &o"ernmental or

re&$latory body tat is or may be re$ired in order to perform or comply :it anyterm or condition of tis A&reement, incl$din& s$c of te fore&oin& as may bere$ired in order to cond$ct any :or- $nder te /enement ermitsGA&reements,$nless s$c re"ocation or amendment of any s$c order, permit, license,certificate, a$toriation or appro"al :as ca$sed by te "iolation of its terms orconsented to by te (areolder oldin& itE

&D serio$s or si&nificant interr$ption in transportE or


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D any oter ca$se not reasonably :itin te control of te claimin&(areolder.

24.4 As soon as practicable after &i"in& notice $nder Article 23.1, te claimin&(areolder sall pro"ide to te oter (areolders a s:orn declaration

confirmin& te partic$lars re$ired to be &i"en $nder Article 23.1.24.%

A (areolder sall not be entitled to claim te benefit of te pro"isions of Article23 $nder any or all of te follo:in& circ$mstances?

aD if te fail$re to obser"e or perform te obli&ation imposed $pon s$c(areolder :as ca$sed by an arrest or restraint by te &o"ernmenta&encies or te order of any co$rt and s$c arrest, restraint or order :asas a res$lt of a breac by s$c (areolder of an obli&ation ere$nderE

bD if te fail$re to obser"e or perform te obli&ation imposed $pon s$c(areolder :as ca$sed by s$c (areolders fail$re to act in a

reasonable and pr$dent manner $nder te circ$mstancesE or

cD if s$c (areolder fails to &i"e te oter (areolders notice in :ritin&as soon as reasonably possible after determinin& tat te occ$rrence :asof te nat$re of force maFe$re to te effect tat s$c (areolder :as$nable by reason of force maFe$re te nat$re tereof sall be tereinspecifiedD to perform te partic$lar obli&ation.

A)"(%e 28. A**"#!&% F'!*!+

2%.1 te Company sall, at its o:n responsibility and e>pense, proc$re :ate"er f$ndsmay be necessary for it to cond$ct its b$siness operations o"er and abo"e its paidin capital and retained earnin&s.

2%.2 (o$ld it be determined by te parties ereto, in accordance :it so$nd andpr$dent b$siness practices, tat additional paid in capital is re$ired for teCompany o"er and abo"e tat to be contrib$ted by te parties ereto p$rs$ant toArticle 2 ereof, s$c additional capital sall, $nless oter:ise a&reed by all teparties ereto, be pro"ided by Ordinary (areolders, not:itstandin& any oterpro"ision to te contrary, :ic may f$rter increase te capitaliation of teCompany and allo: for tird party s$bscription tereof.

2%.3 n lie$ of contrib$tin& f$rter paid in capital to te Company, to loan s$cadditional f$nds as te Company re$ires to it directly or to &$arantee loans to teCompany by a ban- or oter financial instit$tion. ($c loans or &$arantees, as tecase may be, sall, $nless oter:ise a&reed by all te parties ereto, be arran&edby Ordinary (areolders.


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IV. STRUCTURAL ORGANIZATION

A)"(%e 29. O)+&!&"#!&% S")'("')e

/e or&aniation of te Company sall comprise of?

@& (areolders 5eetin&E

@ Board of 5ana&ementE

@( CairmanE

@* ;eneral 0irectorE and

@e Board of ($per"ision.

A)"(%e 2:. S3&)e3#%*e) Mee"!+

24.1 All (areolders :it "otin& ri&ts ma-e $p te (areolder 5eetin& tat acts aste i&est decisionma-in& body of a sareoldin& Company. /e (areolder5eetin& sall a"e te follo:in& ri&ts and obli&ations?

aD /o appro"e de"elopment strate&y of te CompanyE

bD /o decide classes and total n$mber of a$toried offered (ares(ares ofeac class offered for salesE decide te ann$al di"idend per (aresareE

cD /o elect, e>empt and dismiss te Board 5embers and ($per"isorE

dD /o ma-e decisions on in"estment or sales of assets in e$i"alent to K7*11or more of te total "al$e of assets recorded in te latest financial reportE

eD /o decide re"ision or s$pplementation of te Carter, e>cept :ere tereis an adF$stment of sare capital as a res$lt of sellin& f$rter a$toried(ares(ares offered for sales in accordance :it te pro"ision of tisCarterE

fD /o ratify te ann$al financial reportE

&D /o ma-e decision on te b$ybac- of more tan 1* of iss$ed(ares(ares of eac classE

D /o in"esti&ate and decide o: to deal :it breaces committed by teBoard of 5ana&ement and te Board of ($per"ision, :ic ca$sedama&es to te Company and (areoldersE

iD /o decide on te reor&aniation and dissol$tion of te CompanyE and

11/is ratio can be can&ed.


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FD /o do s$c oter acts and tin&s as te (areolder 5eetin& deem fit andin accordance :it tis Carter and te La:s.

24.2 6ntity (areolders sall appoint not more tan 3 a$toried representati"es toe>ercise teir ri&ts in p$rs$ant to te La:s. f tere are more tan one a$toried

representati"e is appointed, a n$mber of (ares(ares and "otes of eaca$toried representati"e sall be e$al12. /e dismissal, appointment or can&eof a$toried representati"es sall be made in :ritin& and notify to te Companyas soon as possible.

A)"(%e 2;. C&%% f#) S3&)e3#%*e) Mee"!+$

28.1 (areolder 5eetin& sall be eld ann$ally or e>traordinarily b$t at least once peryear. /e "en$e of te (areolder 5eetin& sall be :itin territory of ietnam.A (areolder 5eetin& sall be called for :itin fo$r monts from te endin&date of fiscal year.

28.2 /e ann$al (areolder 5eetin& sall disc$ss and appro"e?

(a) /e Ann$al +inancial Acco$ntsE

bD /e report of te Board of 5ana&ement on te e"al$ation of te b$sinessmana&ement and performance of te CompanyE

cD /e report of te Board of ($per"ision on te Board of 5ana&ement andte ;eneral 0irectorE

dD 0i"idends for eac class of (aresE and

eD Oter iss$es s$&&ested by te Board of 5ana&ement.

28.6 /e Board of 5ana&ement is re$ired to call for e>tra (areolder 5eetin& in tee"ent :ere?

aD t is necessary for te benefits of te CompanyE

bD /e n$mber of Board 5embers are red$ced to a n$mber smaller tan tatstip$lated in te La:sE

cD /ere is a re$est made by any (areolderE or

dD /ere is a re$est made by te Board of ($per"ision.

28.7 /e Board of 5ana&ement sall call for (areolder 5eetin& :itin K3* daysfrom te date of recei"in& a re$est as stip$lated in Article 2%.4 or on :ic tedecrease in n$mber of Board 5embers as occ$red.

12/e (areolder can decide te n$mber of (ares and n$mber of "ote represented by eac a$toriedrepresentati"e.


26/123

28.8 f te Board of 5ana&ement fails to call for te (areolder 5eetin& as re$ired,Cairman of te Board of 5ana&ement sall be responsible before te La:s andbe liable to any dama&e ca$sin& to te Company.

28.9 9ere te Board of 5ana&ement fails to call for te (areolder 5eetin& as

stip$lated in Article 2%.4, te Board of ($per"ision in replace of te Board of5ana&ement sall call for te (areolder 5eetin& :itin te ne>t K3* days incomplyin& :it tis Carter.

28.: f te Board of ($per"ision fails to call for te (areolder 5eetin& as re$ired,Cairman of te Board of ($per"ision sall be responsible before te La:s andbe liable to any dama&e ca$sin& to te Company.

28.; 9ere te Board of ($per"ision fails to call for te (areolder 5eetin& asstip$lated in Article 2%.', any (areolder or &ro$p of (areolders in place ofte Board of 5ana&ement and te Board of ($per"ision, sall a"e te ri&t tocall for te (areolder 5eetin& in complyin& :it tis Carter.

28.< /ose :o calls for te (areolder 5eetin& sall ma-e te list of participatin&(areolders, pro"ide information and resol"e complaints in relation to te list ofparticipatin& (areolders, prepare a&enda, contents and materials for s$cmeetin&, set te time and "en$e of te meetin&, send te meetin& in"itations toeac participatin& (areolder in complyin& :it tis Carter.

28.1= All e>penses arisin& from te callin& for and or&aniin& te (areolder 5eetin&as stip$lated in Article 2%.4, 2%.' and 2%.# sall be reimb$rsed by te Company.

A)"(%e 2


27/123

bD 5atters tat are proposed to be incl$ded in te meetin& a&enda do not fall$nder F$risdiction of te (areolder 5eetin&.

2'.4 6>cept oter:ise stip$lated in Article 2'.3, person :o calls for te (areolder5eetin& m$st accept and incorporate te recommendation made in p$rs$ant to

Article 2'.2 into te meetin& a&endaE te recommendation sall be officiallyadded to te meetin& a&enda by an appro"al of te (areolder 5eetin&.

A)"(%e 6=. L$" #f S3&)e3#%*e)$ E%+%e "# P&)"(/&"e ! S3&)e3#%*e) Mee"!+$

27.1 /e list of (areolders eli&ible to participate in (areolder 5eetin& sall bemade basin& on te (areolder Boo-. /e list sall be made as soon as decisionon con"ocation of te meetin& is passed and m$st be completed no later tan 1*days prior to te openin& date of (areolder 5eetin&E

27.2 (areolders are entitled to sall a"e te ri&t to cec-, re"ie:, e>tract and copyte list of (areolders eli&ible to participate in te meetin& of (areoldersE as-

for correction of inacc$rate information tereof.

A)"(%e 61. I!0"&"#! #f "3e S3&)e3#%*e) Mee"!+$

2#.1 erson :o calls for te (areolder 5eetin& m$st send a meetin& in"itation toall (areolders eli&ible to participate in te meetin& of (areolders no later tan7 days prior to te openin& date of te meetin&. 5eetin& in"itation is re$ired tosend by a sec$red mail to resident address of (areolders.

2#.2 /e meetin& in"itations m$st be enclosed :it a standard form of a$toriation,meetin& a&enda and oter rele"ant materials as :ell as draft decisions proposed to

be passed at te meetin&. After la$ncin& te :ebsite, te meetin& in"itation andoter rele"ant materials m$st be posted on te :ebsite alon& :it sendin& to(areolders.

A)"(%e 62. C#!*"#!$ f#) V&%* S3&)e3#%*e) Mee"!+

2).1 (areolder 5eetin& is entitled to open if all participatin& (areolders o:n atleast K'%16of te total "otin& (ares.

2).2 f te first meetin& fails to open d$e to not satisfyin& conditions as stip$lated intis Article 2).1, te second meetin& sall be called for :itin 3* days from teproposed openin& date of te first meetin&. /e second meetin& is entitled to open

if all participatin& (areolders o:n at least K%1 14of total "otin& (aresE

13Accordin& to ara&raps %*3 and %*4 of te !eport of te 9or-in& arty on te Accession of iet Namand te Anne> attaced !esol$tion 71, te sareolders are entitled to pro"ide te oter ratio. leaseconfirm tis ratio.14Accordin& to ara&raps %*3 and %*4 of te !eport of te 9or-in& arty on te Accession of iet Namand te Anne> attaced !esol$tion 71, te sareolders are entitled to pro"ide te oter ratio. leaseconfirm tis ratio.


28/123

2).3 f te second meetin& fails to open d$e to not satisfyin& conditions as stip$lated inArticle 2).2, te tird meetin& sall be called for :itin 2* days from teproposed openin& date of te second meetin&. /e tird meetin& is al:ays entitledto open re&ardless of te n$mber of participatin& (areolders as :ell as teir"otin& (aresE

A)"(%e 66. S"e/$ &!* V#"!+ Me"3#*$ #f S3&)e3#%*e) Mee"!+$

3*.1 rior to te openin& of te (areolder 5eetin&, te re&istration of te present(areolders m$st be done and contin$ed $ntil all eli&ible present (areoldersa"e been re&istered. =pon re&istration, te present (areolders sall bepro"ided :it "otin& cards correspondin& :it te n$mber of iss$es to be "oted inte meetin& a&enda.

3*.2 /e Cairman, te secretary and te "otin& committee of te (areolder 5eetin&sall a"e te follo:in& d$ties and po:ers?

aD /e Cairman sall cair a (areolder 5eetin& :ic is called by teBoard of 5ana&ement. n te case :ere te Cairman is absent ortemporarily incapable to act, te remainin& Board 5embers sall selectone of tem to cair te (areolder 5eetin&. f no one is selected to cairte (areolder 5eetin&, te i&est ran-in& Board 5ember salltemporarily cair te (areolder 5eetin& in oder to "ote for a person tocair te (areolder 5eetin& :o m$st recei"e te i&est "otes. noter cases, te person :o si&ns te decision to call for te (areolder5eetin& sall temporarily cair te (areolder 5eetin& to "ote for aperson to cair te (areolder 5eetin& :o m$st recei"e te i&est"otes.

bD /e secretary :o is nominated by te person cairin& te (areolder5eetin& sall be in car&e of preparin& te meetin& min$tes.

cD /e "otin& committee comprises of no more tan tree persons :o areelected by (areolder 5eetin& based on recommendation of te personcairin& te (areolder 5eetin&.

dD /e meetin& a&enda and contents m$st be appro"ed by te (areolder5eetin& at te openin& session. /e meetin& a&enda m$st detail timesced$le for disc$ssin& eac iss$e.

eD /e person :o cairs te (areolder 5eetin& and te secretary of te(areolder 5eetin& are entitled to cond$ct acti"ities necessary to ens$retat te meetin& is :or-in& properly in complyin& :it te appro"eda&enda as :ell as desires of te present (areolders.


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3*.3 /e (areolder 5eetin& sall disc$ss and "ote for eac of te iss$es as printedin te meetin& a&enda. /e "otin& sall be done by te :ay of firstly collectin&"otin& cards @for, ten @a&ainst and finally @blan-. /e "otin& res$lts m$st beanno$nced by te cairman at te closin& time of te (areolder 5eetin&.

3*.4 /e (areolders or a$toried representati"es :o come after te openin& of temeetin& are also entitled to re&ister and can "ote after:ard. /e person :ocairs te (areolder 5eetin& is not entitled to s$spend te (areolder 5eetin&in order to enable te late comers to re&ister. n tis case, te "alidity of te "otin&tat as been already done remains $naffected.

3*.% /e person cairin& a (areolder 5eetin& is entitled to delay openin& time orcan&e "en$e of te same in any of te follo:in& cases?

aD /ere is not eno$& space for te participants at te rele"ant meetin&"en$eE or

bD One or more participants dist$rb or obstr$ct te (areolder 5eetin& sotat it cannot be able to be proceeded fairly and properly.

/e delay can not e>ceed 3 days from proposed openin& date of te meetin&.

3*.' f te delay or s$spension is made by te person cairin& te rele"ant (areolder5eetin& in contrary to Article 3*.%, te present (areolders sall elect one(areolder to cair te (areolder 5eetin& and te "alidity of te s$bse$ent"otin& remains $naffected.

A)"(%e 67. P&$$!+ De($#!$ #f S3&)e3#%*e) Mee"!+$

31.1 0ecisions of te (areolder 5eetin& are passed in form of "otin& a meetin& orcons$ltin& opinions in :ritin&. 0ecisions sall be passed by "otin& at(areolder 5eetin& in relation to follo:in& contents?

bD amendment andGor repeal or alteration of te Company CarterE

cD sale, lease, e>can&e, mort&a&e, pled&e or any disposition in e$i"alent toK7* or more of te total "al$e of assets recorded in te latest financialreport of te Company incl$din& te &ood:ill of te CompanyE

dD inc$rrin& and creatin& indebtedness and iss$ance of ne: sares or

sec$ritiesE

eD mer&er or consolidation of te Company :it any oter company, orac$isition of te sares or assets of anoter entity, or enterin& into a Foint"ent$reE


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fD in"estment of corporate f$nds in any oter corporation or ne: b$siness orfor any p$rpose oter tan te primary p$rpose for :ic it :asor&aniedE

&D filin& of a petition for "ol$ntary reor&aniation or s$spension of payment

of its obli&ations, or an application for te appointment of a recei"er ortr$stee itself or for any part of its properties or an application for teli$idation or dissol$tion of te Company, or a partial s$spension ofb$siness operationE

D appointment or remo"al of Board 5ember, ($per"isor, and e>ternala$ditorsE

iD appro"al of any sale or disposition of strate&ic assets or transfer of saresof any s$bsidiary incl$din& a contrib$tion to a Foint "ent$reD.

FD declaration of di"idendsE

-D any action :ic is not in consonance :it te declared economic policiesof te CompanyE

lD te creation of reser"esE

mD te modification or re"ersal of any decision made or ta-en by te Board of0irectorsE and

nD te determination of te compensation of te Board of 0irectors.

31.2 0ecisions of te (areolder 5eetin& sall be passed by at least K%11%of total"otes of te (areolders present in te (areolder 5eetin&.

31.3 A decision tat is passed by a n$mber of participatin& (areolders o:nin& 1**of total "otin& (ares sall be La:f$l and "alid e"en if proced$re for con"enin&te meetin&, a&enda and formality of te meetin& are not strictly in compliance:it te pro"isions of te La:s and tis Carter.

31.4 0ecisions of (areolder 5eetin& sall be passed in form of collection ofopinions in :ritin& by a n$mber of (areolders o:nin& at least K%1 19of tetotal "otes.

31.% assed decisions of (areolder 5eetin& m$st be notified to (areolders eli&ibleto attend te (areolder 5eetin& :itin fifteen 1%D days from te passin& date.

1% Accordin& to ara&raps %*3 and %*4 of te !eport of te 9or-in& arty on te Accession of iet Namand te Anne> attaced !esol$tion 71, te sareolders are entitled to pro"ide te oter ratio. leaseconfirm tis ratio.1' Accordin& to ara&raps %*3 and %*4 of te !eport of te 9or-in& arty on te Accession of iet Namand te Anne> attaced !esol$tion 71, te sareolders are entitled to pro"ide te oter ratio. leaseconfirm tis ratio.


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A)"(%e 68. B#&)* #f M&!&+ee!"

32.1 /e Board of 5ana&ement :it te term bein& % year is a mana&ement body ofte Company, :ic is entitled to act on bealf of te Company in e>ercisin& allte ri&ts and obli&ations, e>cept tose fall $nder te a$tority of te (areolder

5eetin&.32.2 /e Board of 5ana&ement sall a"e at least K21:Board 5embers. /e certain

n$mbers of Board 5embers sall be decided by te (areolder 5eetin& fromtime to time.

32.3 /e Board of 5ana&ement sall a"e follo:in& ri&ts and obli&ations?

aD /o determine te de"elopment strate&y and te ann$al b$siness plan of teCompanyE

bD /o ma-e proposals :it re&ard to te classes of (ares and te total

n$mber of a$toried offered (ares of eac class for salesE

cD /o decide on ne: a$toried offered (ares of eac classE mobiliation ofcapital in oter formsE

dD /o set te offerin& price of (ares and bondsE

eD /o determine te (ares b$ybac-s as stip$lated in Article 1).2E

fD /o decide on in"estment proFects and in"estment plans for proFects $nderits a$tority p$rs$ant to te La:s and tis CarterE

&D =nless oter:ise stip$lated in Articles 42.1 and 42.3, to ma-e decisions onmar-et promotion, mar-etin& and tecnolo&y sol$tions, to appro"e allcontracts of sales, p$rcases, borro:, lend or any oter classes of contracts:ort K%* 1#or more of te total "al$e of assets recorded in te latestfinancial report of te CompanyE

D /o appoint and dismiss ;eneral 0irector and -ey mana&ers of teCompanyE to decide salary and oter benefits applied to s$c personsE toappoint te a$toried representati"e to e>ercise te o:nersip ri&ts of(ares(ares or te ri&ts of capital contrib$tion in oter companiesE todecide allo:ances and oter benefits to be applied to s$c personsE

iD /o s$per"ise and &$ide te ;eneral 0irector and oter mana&ers inr$nnin& te daytoday b$siness of te CompanyE

17lease confirm.1#te sareolders are entitled to pro"ide te smaller ratio to e>pand Board of 5ana&ements ri&ts. leaseconfirm te oter ratio.


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FD /o appro"e te or&aniational str$ct$re, internal :or-in& r$lesE to ma-edecisions on te establisment of brances, representati"e offices ands$bsidiariesE to decide te contrib$tion of capital to or b$yin& of(ares(ares iss$ed by oter companiesE

-D /o appro"e te a&enda, materials of te (areolders 5eetin&E to call for(areolder 5eetin& or be in car&e of cons$ltin& opinion in :ritin&:en passin& decisions of (areolder 5eetin&E

lD /o s$bmit Ann$al +inancial Acco$nt to te (areolders 5eetin&E

mD /o ma-e decisions on te amo$nt of di"idend, time and proced$re forpayment of s$c di"idend or metod for settlement of lossesE and

nD /o ma-e proposal :it respect to reor&aniation or dissol$tion of teCompany.

32.4 /e Board of 5ana&ement may opt to a"e its resol$tions passed eiter by meansof "otin& at te meetin&, cons$ltin& opinion in :ritin&. 6ac member of te Boardof 5ana&ement sall be &i"en one "ote. A decision of te Board of 5ana&ementsall only be passed :en it is appro"ed by te maFority of te attendin&members.

32.% 9en e>ercisin& te ri&ts and obli&ations, te Board of 5ana&ement as tocomply :it all pro"isions of te La:s, te Company carter and decisions of te(areolder 5eetin&. f decisions of te Board of 5ana&ement tat are passed inbreac of te La:s or te Company Carter ca$sin& losses to te Company,members :o "oted for tose decisions sall be Fointly responsible for

compensatin& te CompanyE members :o "oted a&ainst tose decisions are notliable. n tis case, any (areolder :o o:ns (ares(ares for at least one yearcan re$est te Board of 5ana&ement to s$spend te implementation of tedecisions.

A)"(%e 69. C3&)&!

33.1 Cairman sall be le&al representati"e of te company and nominated by teBoard of 5ana&ement from te Board 5embers. /e Cairman may old at tesame time te post of te ;eneral 0irector of te Company.

33.2 /e Cairman sall a"e te follo:in& ri&ts and obli&ations?

aD /o prepare pro&rams and :or-in& plans of te Board of 5ana&ementE

bD /o prepare a&enda, contents and materials for te Board 5eetin&sE

cD /o call for te Board 5eetin&E


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dD /o cair te Board 5eetin& and te (areolder 5eetin& if te Board of5ana&ement calls for te (areolder 5eetin&E

eD /o be in car&e of passin& decisions of te Board of 5ana&ementE and

fD /o s$per"ise te implementation of decisions passed by te Board of5ana&ementE

33.3 /e Cairman can a$torie oter Board 5ember to e>ercise is ri&ts andobli&ations of te Cairman d$rin& is absence. f no Board 5ember isa$toried or te Cairman is incapable of :or-in&, te remainin& Board5embers sall elect one of tem to e>ercise temporarily ri&ts and obli&ations ofte Cairman by principle of maFority.

A)"(%e 6:. B#&)* Mee"!+$

67.1 Board 5eetin&s sall be eld as often as b$siness re$ires, b$t at least once e"ery

$arter, and sall be presided o"er by te Cairman. /e Cairman sall call for aBoard 5eetin& at te re$est of any of iD te ;eneral 0irectorE iiD any t:oBoard 5embersE or iiiD te ($per"isory Board.

67.2 Board 5eetin&s sall be called for by not less tan se"en days :ritten notice&i"en in accordance :it tis Article 34.1 incl$din& partic$lars of te place, date,time and a&enda for te meetin&. Any notice sall incl$de an a&enda identifyin&in reasonable detail te matters to be disc$ssed at te meetin& to&eter :itcopies of any rele"ant papers to be disc$ssed at te meetin&.

67.6 Board 5eetin&s may be eld any place :itin and o$tside te territory of ietnam

as te Board of 5ana&ement may determine from time to time.67.7 /e Board 5embers may attend a Board 5eetin& by telepone or oter electronic

means of comm$nication pro"ided e"ery s$c Board 5ember is able to ear andbe eard by all te oter Board 5embers attendin& in person. Attendance by s$cmeans sall constit$te attendance in person.

67.8 f a Board 5ember is $nable to attend any Board 5eetin&, e may appoint apro>y :o may or may not be anoter Board 5emberD in :ritin& to attend in isplace and "ote on is bealf at s$c meetin&. /e pro>y may be appointed for aspecific Board 5eetin& or for any n$mber of Board 5eetin&s $ntil f$rter noticeby te rele"ant Board 5embers. 6"ery instr$ment of appointment sall be sent or

deli"ered to te Cairman at te ead office prior to te commencement of s$cBoard 5eetin&. A pro>y sall a"e one "ote for eac Board 5ember :om erepresents and one "ote for imself if e is also a Board 5embers in is o:nri&t.


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67.9 Any mana&er may be re$ired by any Board 5ember to attend any Board5eetin& in order to report directly to te Board of 5ana&ement :it respect toany matters concernin& te Company or te b$siness of te Company for :ictey a"e responsibility or in connection :it :ic tey a"e -no:led&e or s-illand sall pro"ide te Board of 5ana&ement :it all additional information andGor

doc$ments concernin& te operation of te Company and rele"ant to a Board5eetin& as tey may re$est.

67.: /e Board of 5ana&ement may appoint a secretary te IBoard (ecretaryID. /eBoard (ecretary sall -eep a record of all pro>ies, meetin&s, resol$tions passed,notices ser"ed, can&es in te Carter and oter matters of importance concernin&te administration of te Company.

67.; /e Board (ecretary may be remo"ed from office and replaced at any time by teBoard of 5ana&ement.

67.< /e Board (ecretary sall prepare complete and acc$rate min$tes of eac Board

5eetin& in 6n&lis and ietnamese incl$din& te names of tose in attendance,te date and place of te Board 5eetin&, te matters disc$ssed and resol$tionspassed. Not:itstandin& te fore&oin&, if te Board (ecretary cannot attend aBoard 5eetin&, te Board of 5ana&ement may appoint a temporary secretary inis or er place for te p$rposes of tat meetin&.

67.1= /e Board (ecretary sall circ$late te min$tes to all of te Board 5embers assoon as practicable after eac meetin& and, in any e"ent, no later tan se"en daysafter te rele"ant meetin&. /e min$tes of eac Board 5eetin& sall be si&ned byte Cairman :it a copy s$pplied to eac Board 5ember and te ori&inal sallbe filed at te ead office of te Company or s$c oter address as te Board of

5ana&ement sall direct.

67.11 !easonable e>penses of Board 5embers inc$rred in connection :it attendanceat Board 5eetin&s incl$din& tra"el and lod&in& sall be reimb$rsed by teCompany in accordance :it te policies on te reimb$rsement of s$c e>pensespassed by te Company from time to time.

A)"(%e 6;. B#&)* Mee"!+ '#)'

3%.1 /e $or$m for a "alid Board 5eetin& sall be acie"ed if treef#')"3$3G4D ofte total n$mber of te Board 5embers in office are present in person or by

pro>y.3%.2 9ere te stip$lated n$mbers are not present at te meetin& called for as

stip$lated in Article 3%.1, te second meetin& sall be called for :itin fifteen1%D days of te date of te intended first meetin&. n tis case, te meetin& sallbe cond$cted :en tere are more tan one alf of te total Board 5embers.

A)"(%e 6


35/123

6ac Board 5ember sall a"e one "ote. ss$es arisin& o$t at a Board 5eetin&sall be decided by a simple maFority of "otes of attendin& Board 5embers inperson or represented by pro>yD. n te case of an e$ality of "otes, te Cairmansall a"e a castin& "ote.

A)"(%e 7=. M!'"e$ #f "3e S3&)e3#%*e) Mee"!+ &!* M!'"e$ #f "3e B#&)*Mee"!+

37.1 All (areolder 5eetin&s and Board 5eetin& m$st be recorded in te 5in$tesBoo-. /e meetin& min$tes m$st be completed and appro"ed before te closin&of te rele"ant meetin&.

37.2 /e cairperson of te rele"ant meetin& and te secretary sall be Fointlyresponsible for te acc$racy and tr$tf$lness of te rele"ant meetin& min$tes./e meetin& min$tes m$st be sent to all (areolders and Board 5embers :itin1% days from te closin& date of te rele"ant meetin&.

A)"(%e 71. )""e! Re$#%'"#!$ 4"3#'" B#&)* Mee"!+

A resol$tion in :ritin& si&ned by all of te Board 5embers sall be "alid andeffect$al as if it ad been passed at a meetin& of te Board of 5ana&ement d$lycalled for and eld. ($c resol$tion may consist of one or more doc$ments in li-eform eac si&ned by one or more Board 5embers. /e e>pressions Iin :ritin&Iand Isi&nedI sall incl$de appro"al by electronic or facsimile transmission.

A)"(%e 72. Ge!e)&% D)e("#)

3).1 /e Board of 5ana&ement sall appoint one amon& tem or ire oter person toact as te ;eneral 0irector of te Company.

3).2 /e ;eneral 0irector sall mana&e te daytoday b$siness operation of teCompany $nder te s$per"ision of te Board of 5ana&ement and be liable to teBoard of 5ana&ement for is performance of assi&ned ri&ts and obli&ations.

3).3 /e term of te ;eneral 0irector is no more tan % years and can be rene:ed$nlimitedly.

3).4 8$alifications of te ;eneral 0irector? iD a"in& capacity for ci"il act and notproibited from mana&in& an enterprise in accordance :it te La: on

6nterprisesE and iiD bein& a person :it e>pertise and e>periences in relation tob$siness mana&ement or maFor b$siness acti"ities of te Company.

3).% /e ;eneral 0irector of te Company cannot be sim$ltaneo$sly te 0irector or;eneral 0irector of anoter company.

3).' /e ;eneral 0irector sall a"e follo:in& ri&ts and obli&ations?


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aD /o ma-e decisions on all matters arisin& from te daytoday b$sinessoperation of te Company :ito$t obtainin& passin& decision of te Boardof 5ana&ement.

bD /o arran&e for te implementation of decisions passed by te Board of

5ana&ementEcD /o arran&e for implementation of b$siness and in"estment plans of te

CompanyE

dD /o ma-e proposals as to te or&aniational str$ct$re and te internalmana&ement r$les of te CompanyE

eD /o appoint, dismiss or remo"e mana&ers of te Company, e>cept tose:ose appointment, dismissal or remo"al are :itin te po:er of teBoard of 5ana&ementE

fD /o determine te salary and oter allo:ances of employees of teCompany, incl$din& mana&ers :ose appointment is :itin te po:er ofte ;eneral 0irectorE

&D /o ire employeesE

D /o ma-e proposal as to payment of di"idend or settlement of losses of teCompanyE

iD /o e>ec$te all te contracts and transactions of te CompanyE and

FD /o e>ercise s$c oter tas-s and d$ties $nder decisions of te (areolder5eetin& andGor te Board of 5ana&ement in accordance :it tis Carterand te La:s.

A)"(%e 76. S&%&)e$, A%%#4&!(e &!* O"3e) Be!ef"$ #f B#&)* Mee)$ &!*Ge!e)&% D)e("#)

/e Company is entitled to pay te rem$neration, salaries to te Board 5embersand ;eneral 0irector and oter 5ana&ers accordin& to te performance and profitsof te b$siness. !em$neration of te Board of 5ana&ement and salaries of ;eneral0irector or oter mana&ers of te Company sall be ded$cted from b$sinesse>penses of te Company and sall be presented in a separate section of te

Companys ann$al financial statement and reported to te ann$al (areolder5eetin&.

A)"(%e 77. D'"e$ #f M&!&+e)$

41.1 /e Board 5embers and Cairman of te Board of 5ana&ement, ;eneral0irector and oter mana&ers of te Company sall a"e follo:in& d$ties?


37/123

aD /o e>ercise ri&ts and obli&ations in accordance :it pro"isions of teLa:s, tis Carter and decisions of (areolder 5eetin&E

bD /o e>ercise ri&ts and obli&ations in a fid$ciary, dili&ent and optimalmanner for te p$rpose of ma>imiin& le&itimate benefit of te Company

and its (areoldersEcD /o pled&e loyalty to:ard te Company and its (areoldersE do not ma-e

$se of information, -no:o: and b$siness opport$nity of te Companyas :ell as ab$se teir position, po:er and assets of te Company for tebenefit of temsel"es or oter indi"id$al or or&aniationE and

dD /o notify promptly, f$lly and acc$rately te Company of tose enterprisesin :ic tey or teir Connected ersons are sole o:ner or o:n adominant capital contrib$tor or maFor (areolder. /is notification m$stbe displayed at te ead office or brances of te Company.

41.2 /e Board 5embers and te ;eneral 0irector entitled to any salaries increase tesalary or bon$s if te Company is incapable of payin& off its d$e debts and oterliabilities.

A)"(%e 78. L"&"#!$ #! C#!")&("$

72.1 /e follo:in& contracts m$st be appro"ed by te (areolder 5eetin&?

aD Contracts bet:een te Company and a (areolder oldin& more tan3% of te total Ordinary (ares or a Connected erson of tat(areolderE or

bD Contracts bet:een te Company and any Board 5ember or te ;eneral0irectorE or

cD Contracts bet:een te Company and any Connected erson of any Board5ember andGor te ;eneral 0irector.

72.2 Contracts and transactions in e$i"alent to less tan K%*1


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72.6 Oter contracts and transactions e>cept tose stip$lated in Article 42.3 sall beappro"ed by te (areolder 5eetin& prior to si&nin&. /e Board of 5ana&ementsall be in car&e of s$bmittin& draft contracts or e>plain te main content ofintended transactions d$rin& te (areolder 5eetin& or collectin& (areoldersopinion in :ritin&. n tis case, te (areolders :o a"e related benefits are not

allo:ed to "ote.2*

Contracts or transactions sall be appro"ed by a n$mber of(areolders o:nin& at least K'% 21of te total "otes.

72.7 Contracts or transactions tat are concl$ded :ito$t appro"al as stip$lated inArticle 42.1, 42.2 and 42.3 sall be "oid and treated in accordance :it te La:./e le&al representati"e of te Company, te (areolders, te Board 5embers orte ;eneral 0irector related to s$c contracts or transactions m$st compensate forany inc$rred losses and ret$rn to te Company all benefits as res$lted fromperformin& of s$c contracts or transactions.

A)"(%e 79. B#&)* #f S'/e)0$#!

43.1 /e Board of ($per"ision sall comprise of K322members elected by (areolder5eetin& and at least one member m$st a"e acco$ntin& e>pertise. ($per"isorssall appoint one of tem :o is also te (areolder to be te ead of te Boardof ($per"ision.

43.2 /e Board of ($per"ision as te follo:in& ri&ts and obli&ations?

aD !e"ie:in& te reasonableness, La:f$lness, tr$st:ortiness and dili&enceof te b$siness mana&ement and operation, acco$ntin& boo-s, andfinancial statementsE

bD Appraisin& te reports on b$siness operation, Ann$al +inancial Acco$ntand alfyear financial reports of te Company and te report one"al$ation of performance of te Board of 5ana&ement. /o s$bmit reporton appraisin& b$siness operation, Ann$al +inancial Acco$nt l and alfyear financial report, performance of te Board of 5ana&ement to te(areolder 5eetin&E

2*lease noted tat in tis case te Company cannot e>ec$te tis transaction beca$se e>cept JJJ and itsa$toried representati"e, no sareolder is entitled to "ote.21Accordin& to ara&raps %*3 and %*4 of te !eport of te 9or-in& arty on te Accession of iet Namand te Anne> attaced !esol$tion 71, te sareolders are entitled to pro"ide te oter ratio. leaseconfirm tis ratio.22/e n$mber of ($per"isor can be can&ed.


39/123

cD Cec- and re"ie: acco$ntin& boo-s and oter doc$ments of te Companyor matters partic$larly related to te mana&ement and operation of teCompany if necessary or in p$rs$ant to a decision of te (areolder5eetin&, or at te re$est made by te (areolder or &ro$p of(areolders(aresE te in"esti&ation of te Board of ($per"ision as

stip$lated in tis Article m$st be carried o$t in a manner tat does notinder te $s$al operation of te Board of 5ana&ement as :ell asinterr$pt te normal b$siness operation of te CompanyE and

dD !ecommend te Board of 5ana&ement or te (areolder 5eetin& to ta-emeas$res on adF$stin& and impro"in& str$ct$re of or&aniationalmana&ement of te Company.

eD Obli&ations in relation to te pro"ision of information to te Board of($per"ision?

fD /e Board of 5ana&ement and te Board 5embers or ;eneral 0irector

m$st report and pro"ide f$lly and promptly information and doc$ments inrelation to te mana&ement and b$siness performance of te Company$pon a re$est made by te Board of ($per"ision e>cept oter:isedecided by (areolder 5eetin&E and

&D /e Board of ($per"ision and its members are not allo:ed to disclose teinformation of te Company.

43.3 A ($per"isor m$st?

aD be a person :o is tan 21 years old, as capacity for ci"il acts and is not

proibited from establisin& and mana&in& enterprises p$rs$ant to teLa:sE

bD not be te Connected erson of te Board 5embers, te ;eneral 0irectorand any oter 5ana&ersE and

cD not old any mana&ement positions of te Company incl$din& te Board5embers, te ;eneral 0irector.

43.4 /e term of office of te Board of ($per"ision, :or-in& mecanism,rem$neration and benefits for ($per"isors are decided by (areolder 5eetin&./e Board of ($per"ision sall be responsible to te (areolder 5eetin& for

breaces in te co$rse of performin& its d$ties.

A)"(%e 7:. B##5$ &!* Re(#)*$

44.1 /e Company is re$ired to -eep te follo:in& doc$ments?

aD n"estment CertificateE


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bD Carter of te Company and its amendments, s$pplementsE nternal r$lesEboo- of (areolder re&istrationE

cD Oter licenses &ranted by te (tate A$torityE

dD 0oc$ments and materials pro"in& te o:nersip of te Company to:ardits assetsE

eD 5eetin& 5in$tes of (areolder 5eetin&, te Board 5eetin& anddecisions of te CompanyE

fD Anno$ncement for iss$ance of sec$ritiesE

&D !eports of te Board of ($per"ision, concl$sions of inspectorate a&enciesand independent a$ditin& a&enciesE

D Acco$ntin& boo-s, in"oices and receipts, ann$al financial reportsE and

iD Oter doc$ments as pro"ided by La:s.

44.2 /e Company is re$ired to -eeps te doc$ments as re&$lated in Article 44.1 atte Head Office p$rs$ant to te La:s.

. ACCOUNTS, ACOUNTING AND AUDITING

A)"(%e 7;. B&!5 A((#'!"$

/e Company :ill open its acco$nts in one or more credit instit$tions @Ban-sDpermitted to operate in ietnam. 9it te appro"al of te bodies :it

F$risdiction, te Company can open an acco$nt abroad as p$rs$ant to te La:s, ifnecessary.

A)"(%e 7


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47.3 Any doc$ment, notice or formal comm$nication tat is pro"ided to te(areolders, te Board of 5ana&ement or te (areolder 5eetin& sall be inte ietnamese lan&$a&e and m$st be accompanied by an 6n&lis translation. nte e"ent of any conflict bet:een te 6n&lis te>t and te ietnamese "ersion, te6n&lis "ersion sall pre"ail.

A)"(%e 81. A!!'&% Re/#)"$

4#.1 /e ;eneral 0irector sall, :itin si> monts from te end of eac fiscal year,s$bmit an Ann$al +inancial Acco$nt to te (areolder 5eetin& for appro"al.

4#.2 /e Ann$al +inancial Acco$nt sall incl$de a report on te res$lts of b$sinessoperations, reflectin& onestly and obFecti"ely te profit and loss sit$ation of teCompany in te fiscal yearE a balance seet so:in& onestly and obFecti"ely teoperatin& state of te Company $p to te date of te reportE a cas flo: statementEand an e>planation of te Ann$al +inancial Acco$nt.

A)"(%e 82. I!f#)&"#! Re%e&$e &!* P'%( A!!#'!(ee!"$

/e Ann$al +inancial Acco$nt and oter s$pplementary doc$ments m$st bep$blicied accordin& to te re&$lations if anyD of te Licensin& A$tority ands$bmitted to te ta> a$torities and Licensin& A$tority as re$ested by te La:.

A)"(%e 86. A'*"!+

%*.1 At te ann$al (areolder 5eetin&, an independent a$ditin& company a$toriedto le&ally operate in ietnam :ill be appointed to perform te Companysa$ditin& acti"ities for te ne>t fiscal year in accordance :it te terms andconditions a&reed to by te Board of 5ana&ement. !e&ardin& te first fiscal year,te Board of 5ana&ement sall assi&n an a$ditin& company to carry o$t teCompanys a$ditin& acti"ities after te date of te n"estment Certificate.

%*.2 /e Company m$st prepare and s$bmit te Ann$al +inancial Acco$nt to teindependent a$ditin& company after te concl$sion of te fiscal year.

%*.3 /e Companys independent a$ditin& company sall e>amine, certify and reporton te Ann$al +inancial Acco$nt e>plainin& te Companys income ande>pendit$re, &enerate an a$ditin& report and present tat report to te Board of

5ana&ement :itin si> monts after te fiscal year closes.

%*.4 A copy of te a$ditin& report m$st accompany eac copy of te Companysann$al acco$ntin& reports.

VI. RE-ORGANIZATION AND DISSOLUTION

A)"(%e 87. Re-#)+&!&"#! #f C#/&!


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/e proced$res for di"ision, separation, consolidation, mer&er and transformationof te Company sall follo: te pro"isions of La: on 6nterprises.

A)"(%e 88. Te)!&"#! #f O/e)&"#!$

/e Company can dissol"e or terminate its operations $nder te follo:in&conditions?

aD =pon declaration of ban-r$ptcy of te Company.

bD /e Company as less tan tree (areolders for si> consec$ti"e monts.

cD /e (areolder 5eetin& decides to dissol"e te Company.

dD =pon decision of te rele"ant (tate A&encies to re"o-e te n"estmentCertificate by reason of serio$s "iolation of te La:s andGor stip$lation ofte n"estment Certificate.

A)"(%e 89. L?'*&"#!

86.1 As soon as practicable follo:in& any termination e"ent specified in Article %2, te(areolder 5eetin& sall pass a resol$tion on dissol$tion of te Company. ($ca decision sall incl$de te reasons for te dissol$tion, te sced$le andproced$res of li$idation of contracts and repayment of debts of te Company andoter terms to te e>tent re$ired by te La:s.

86.2 9itin se"en 7D days from te date of iss$ance, or s$c a lon&er period permittedby la:, te resol$tion on dissol$tion sall be sent to te Licensin& A$torityandGor te rele"ant b$siness re&istration a$tority if re$ired by la:D, allcreditors, oter interested parties and employees of te Company as :ell asposted at te Head Office and any branc office of te Company. Notice ofdissol$tion :ill be p$blised in te local ne:spaper if re$ired by la:.

86.6 romptly $pon li$idation bein& directed in accordance :it Article 4).1 ereof,te Board of 5ana&ement sall appoint tree members to a li$idation committeeereinafter te @Li$idation CommitteeD.

86.7 /e Li$idation Committee sall a"e all s$c po:ers permitted by te La:s asare necessary for :indin& $p te affairs of te Company and distrib$tin& its assetsas economically as possible and, s$bFect at all times to te re$irements of te

La:s, all s$c po:ers as te Board of 5ana&ement may dele&ate to teLi$idation Committee.

86.8 All reasonable fees and e>penses inc$rred in te li$idation of te Company sallbe borne by te Company in priority o"er all oter liabilities of te Company. Alloter liabilities sall be paid in te follo:in& priority?


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aD (alaries and social and ealt ins$rance premi$ms in respect of itsemployeesE

bD O$tstandin& ta>es payable to te (tate of ietnamE

cD Li$idation e>pensesE

dD Loans made to te Company by $nsec$red creditors and sec$red creditorsto te e>tent teir loans are not satisfied o$t of te enforcement of teirsec$rity and incl$din& payments made by &$arantors in discar&e of s$cloansE

eD Oter liabilitiesE and

fD /e remains after te payment of tems aD to eD abo"e :ill be di"idedamon& (areolders in accordance :it Article 7.3cD.

86.9 /e Li$idation Committee as te responsibility to report to te b$sinessre&istration a$torities on its day of establisment and te commencement day ofoperations. +rom tat day, te Li$idation Committee :ill represent te Companyin all matters relatin& to te li$idation of te Company before te Co$rt andoter administrati"e a$torities.

VII. INDEMNIFICATION

A)"(%e 8:. I!*e!f(&"#!


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%4.1 n addition to all oter s$ms d$e ere$nder or pro"ided for in tis Carter, te(areolder te Indemnifyin& (areolderI for p$rposes of indemnification$nder Article %4.1D a&rees to indemnify and old armless te Company and oter(areolder eac, an Indemnified ersonI for p$rposes of indemnification$nder Article %4.1D to te f$llest e>tent permitted by te La: from and a&ainst all

losses, claims, dama&es, e>penses incl$din&, :ito$t limitation, reasonable fees,disb$rsements and oter car&es of co$nselD or oter liabilities collecti"ely,ILiabilitiesID res$ltin& from or arisin& o$t of any breac of any representation or:arranty, co"enant or a&reement of te ndemnifyin& (areolder in te Carter,or any le&al, administrati"e or oter actions, proceedin&s or in"esti&ations:eter formal or informalD, or :ritten treats tereof, based $pon, relatin& to orarisin& o$t of te Carter or any transaction contemplated ereby or anyndemnified (areolders role terein or in any transaction contemplated erebyEpro"ided, o:e"er, tat te ndemnifyin& (areolder sall not be liable $nderArticle %4.1 to an ndemnified erson iD for any amo$nt paid in settlement ofclaims :ito$t te ndemnifyin& (areolders consent :ic consent sall not

be $nreasonably :iteldD, iiD to te e>tent tat it is finally F$dicially determinedtat s$c Liabilities res$lted primarily from te :ilf$l miscond$ct or &rossne&li&ence of s$c ndemnified erson, or iiiD to te e>tent tat it is finallyF$dicially determined tat s$c Liabilities res$lted from te breac by s$cndemnified erson of any representation, :arranty, co"enant or oter a&reementof s$c ndemnified erson contained in tis Carter.

%4.2 6ac ndemnified erson $nder tis Article %4 :ill, promptly after te receipt ofnotice of te commencement of any action, in"esti&ation, claim or oterproceedin& a&ainst s$c ndemnified erson in respect of :ic indemnity maybe so$&t from an ndemnifyin& (areolder $nder tis Article %4, notify tendemnifyin& (areolder in :ritin& of te commencement tereof. /e omissionof any ndemnified erson to so notify te ndemnifyin& (areolder of any s$caction sall not relie"e te ndemnifyin& (areolder from any liability :ic itmay a"e to s$c ndemnified erson.

VIII. DISPUTE RESOLUTIONS

A)"(%e 8;. D$/'"e )e$#%'"#!$

Any disp$te, contro"ersy or claim arisin& o$t of or relatin& to te Carter sall befirstly resol"ed by amicable ne&otiation and conciliation bet:een te parties indisp$te. f no a&reement in respect of te

Documents

Company Charter