Article 81. The company’s President

1. The company’s President shall be designated by the company’s owner, perform the owner’s rights and obligations in the owner’s name; perform the company’s rights and obligations in the company’s name, except the rights and obligations of the Director/General Director; take responsibility to the law and the owner for his/her performance as prescribed by the company’s charter, this Law and relevant laws.

2. Rights, obligations and working regulations of the company’s President shall comply with the company’s charter, this Law and relevant laws.

3. A decision of the company’s President on performance of his/her rights and obligations shall be effective from the day on which it is approved by the owner unless otherwise prescribed by the company’s charter.

Vinascgroup

Article 82. The Director/General Director

1. The Board of Members or the company’s President shall designate or hire the Director/General Director within a term of office not exceeding 05 years to manage the company’s everyday business. The Director/General Director shall be responsible for the law and the Board of Members or the company’s President for his/her performance. The President of the Board of Members, another member of the Board of Members or the company’s President may concurrently hold the position of Director/General Director unless otherwise prescribed by law or the company’s charter.

2. The Director/General Director has the following rights and obligations:

a) Organize the implementation of resolutions and decisions of the Board of Members or the company’s President;

b) Decide everyday operating issues of the company;

c) Organize implementation of the company’s busines plans and investment plans;

d) Issue the company’s rules and regulations;

dd) Designate, dismiss the company’s executives, except those within jurisdiction of the Board of Members;

e) Enter into contracts in the company’s name, except those within jurisdiction of the President of the Board of Members or the company’s President;

g) Propose the company’s organizational structure;

h) Submit annual financial statements to the Board of Members or the company’s President;

i) Propose plans for use of profits or settlement of business losses;

k) Recruit employees;

l) Other rights and obligations specified in the company’s charter and the employment contract.

3. To hold the position of Director/General Director, a person shall satisfy the following requirements:

a) He/she is not one of the persons specified in Clause 2 Article 17 of this Law;

b) He/she has professional qualifications and experience of busines administration and satisfies other conditions specified in the company’s charter.

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