The DECISION of the MINISTER of INDUSTRY transforming Viet hung garment factory in Tien garment company into a joint stock company ViệtHưng MINISTER of INDUSTRY pursuant to Decree số74/CP dated 11 November 1995 by the Government on the functions, missions, hạnvà organizational Authority Ministry of industry;

Pursuant to Decree số44/1998/ND-CP dated 29 June 1998 from the Government about moving into the State in joint stock companies;

CủaTổng proposal-Vietnam textile company (the Sheet number 972/TTr-BOARD August 10, năm2001), moving sentence garment Company in the free Tiếnthành garment company Viet hung company and approach evaluation thereon, on 21 August 2001 of the innovation and business development the Ministry of industry;

According to the suggested củaBan business development and innovation the Ministry of industry and Director of the Organization-officer, decision: article 1. Approval phầnhoá stock garment Company in Tien garment company (thànhviên Textile Corporation Enterprise-May Vietnam) into Viet hung company consists of the main nhữngđiểm as follows: 1. capital structure.

Charter capital of joint stock companies. is: 13 billion VND (thirteen), in which: the rate of stock nhànước: 26.00%, the percentage of shares sold in the Enterprise Labor chongười: 33.92%, the percentage of shares sold chocác other objects outside the enterprise: 40.08%.

A value of shares: 100,000.

2. actual value củaXí garment Company in Tien garment company (decision No. 519/QD-HĐQTngày 1, 2001 of the President of the Board Of Textile company-MayViệt) at time 0 hours on 31 March, 2001 to holdings is: 5.162.846.660, where: the actual value of the State stake at nghiệplà : 4,616,194,250.

3. total number of shares bánưu favors for 490 labour in garment ViệtTiến garment company in Viet hung is 26,440, with incentive value is 793,200,000.

4. Approve the proposed nghịcủa Of the textile company-Vietnam Garment, for permission to use part of the money to sell the State capital phầnthuộc neck of garment Company in Tien garment company đểchi holdings and the cost of retraining workers. Tien garment company made its tụctheo rule, reported Vietnam's total Textile company-May consider, the decision theoquy of the State.

Article 2. Vietnamese garment transfer Hưngthuộc Tien garment company into Viet hung company since October 1, 2001 tháng10 the name by aboutme: Viet hung company, English name: VIETHUNG JOINT-STOCK COMPANY, abbreviated as: VHC, based in the American West, Trung TAM precinct: Highway 22, District 12, Ho Chi Minh City.

Article 3. Viet hung company dealing in the industry (at the time of transition to stock companies): doanhhàng garments manufacturing, import and export business, trựctiếp the other ngànhnghề accordance with the provisions of the law.

Article 4. Viet hung company làpháp entertainment Vietnam law, business registration license, real independent economic accounting hiệnhạch, used seals, account tạiNgân accordance with the law, operating under the Charter of the company cổphần and business law.

Article 5. Vietnam textile & garment Corporation are responsible for directing the company Free Sewing and garment Company uk shareholder General Assembly established.

Ceo and Designer toántrưởng Tien garment company responsible for operating the Viet hung nghiệpMay Factory's work until delivered to the Board and a Director of the company cổphần Company.

Article 6. This decision takes effect 15 days from the day after the thihành. Repealed the previous decision contrary to this Quyếtđịnh.

Chief of the Department, the Chief Inspector, the Director, Bureau Chief of the Ministry, Chairman of quảntrị and General Manager Of the textile company-Vietnam Garments, General Director of the company MayViệt, the Chairman of the Board and Director of the joint-stock company Hưngchịu responsible for the implementation of this decision.