Article 25. The company’s charter.

1. The company’s charter consists of the charter upon registration and amendments made to the charter throughout the enterprise’s operation.

Main contents of the company’s charter:

a) Name, address of the headquarter of the enterprise; names, addresses of its branches and representative office (if any);

b) Business lines;

c) Charter capital; total shares, types of shares, and nominal values of each type of shares if the enterprise is a joint-stock company;

d) Full names, addresses, nationalities, and other information of general partners if the enterprise is a partnership; of the owners or members if the enterprise is a limited liability company; of founding shareholders if the enterprise is a joint-stock company; stakes of each member if the enterprise is a limited liability company or partnership; the quantity of shares, types of shares, and nominal value of each type of the founding shareholders;

dd) Rights and obligations of members/partners if the enterprise is a limited liability company/partnership; of shareholders if the enterprise is a joint-stock company;

e) Organizational structure;

g) The legal representative if the enterprise is a limited liability company or a joint-stock company;

h) Method for ratifying the enterprise’s decisions; rules for resolution of internal dispute;

i) Bases and methods for determination of wages and bonus for managers and controllers;

k) Cases in which a member is entitled to request the enterprise to buy his/her stake (if the enterprise is a limited liability company) or shares (if the enterprise is a joint-stock company);

l) Rules for distribution of post-tax profit and handling of business loss;

m) Cases of dissolution; procedures for dissolution and asset liquidation;

n) Rules for making amendments to the company’s charter.

2. When applying for business registration, the charter must bear the full names and signatures of the following persons:

a) General partners if the enterprise is a partnership;

b) The enterprise’s owner being an individual or the legal representative of the enterprise’s owner being an organization (if the enterprise is a single-member limited liability company);

c) Members being individuals or legal representatives or authorized representatives of the members who are organizations (if the enterprise is a multi-member limited liability company);

c) Founding shareholders being individuals and legal representative or authorized representative of founding shareholders being organizations if the enterprise is a joint-stock company.

3. The amended charter must bear the full names and signatures of the following persons:

a) The President of the Member assembly if the enterprise is a partnership;

b) The owner, legal representative of the owner, or the legal representative if the enterprise is a single-member limited liability company;

c) The legal representative if the enterprise is a multi-member limited liability company or joint-stock company.