-      Base on regulations of HAI Agrochem Joint Stock Company

-            Base on minute of annual shareholders’ meeting 2008 on April 16^th, 2008

RESOLUTION

1. Completely agree to pass income statement 2007 (which was audited by Auditing and Informatics Services Company), plan and task for 2008 which were presented by Board of Management, Control Board and General Director with following targets:                                                                                                                                                                                     

Year 2007:

-           Total turnover: VND 495.548.000.000

-           Profit after tax:: VND 51.737.000.000

-           Dividend: 20%

Plan for 2008

-         Expected turnover: VND 600.000.000.000

-          Expected profit after tax: VND 75.000.000.000

2. Completely agree to pass statement of profit allocation in 2007

-         Total revenue which is imposed business income tax: 54,078,747,364 VND

-         Income business tax (which was remitted to supplement to investment and development fund): 15,142,049,262 VND

-         Profit after business income tax: 36,193,840,779 VND

-         Profit which is allocated and deducted for fund: 36,193,840,779  VND

-         Dividend: 22,800,000,000 VND (20%)  

3.  Completely agree to pass statement of  fees for members of B.O.M and Control Board

4. Completely agree to pass project of issuing remained 500.000 stocks in the period of issuing stocks to increase charter capital to 150,000,000,000 VND

5. Completely agree to pass statement of adjusting regulations to be suitable for standard regulations which is promulgated by Finance Ministry on March 19^th, 2007

6. Completely agree to pass list of members elected to Board of Management, Control Board in 2^nd term (2008 – 2013)

6.1 List of members elected to Board of Management consists of:

1.       Mr. Dang Thanh Cuong

2.       Mr. Quach Thanh Dong

3.       Mr. Nguyen Cong Chien

4.       Ms. Tran Tang Phi Oanh

5.       Mr. Chau Thanh Hiep

6.2 List of members elected to Control Board consists of:

1.      Mr. Nguyen Tri Phuong

2.      Ms. Nguyen Thi Thu Hong

3.      Mr. Ha Minh Tiep

7. Completely agree to pass Chairman of B.O.M and Head of Control Board in 2^nd term (2008 – 2013)

1.        Mr. Dang Thanh Cuong – Chairman of B.O.M

2.        Mr. Nguyen Tri Phuong – Head of Control Board

8. Completely agree to pass the appointees for leading positions in company

The shareholders at annual shareholders’ meeting 2008 of HAI Agrochem Joint Stock Company agreed to ratify Mr. Dang Thanh Cuong as Chairman of B.O.M cum General Director in 2^nd term (2008 – 2013)

        Members of Board of Management, Control Board and General Director are responsible for implementing this Resolution and expanding activities according to regulations of organization and activities of HAI Agrochem Joint Stock Company.

On behalf of Head of Conference

Chairman of B.O.M

Dang Thanh Cuong