PXS: Resolution of the BOD

Petroleum Equipment Assembly and Metal Structure Joint Stock Company (HoSE: PXS) has informed of the resolution of the BOD in the meeting dated 10th September 2010 as follows:

* Approving personnel issues

* Approving plan of dividend payment in advance for 2010 (Dividend payment in cash with ratio of 9% or VND900/share).

* Approving key investment projects, including the Sao Mai Ben Dinh project of metal strcture port with area of 23 hectares; soldering iron plant.

* Approving raise of chartered capital from VND200 billion to VND500 billion, including:

+ Owner’s equity of the Sao Mai Ben Dinh project: VND210 billion

+ Owner’s equity of the soldering iron plant project: VND90 billion

* Issuing plan: Issuing to existing shareholders and strategic shareholders

* Asking opinions of shareholders to do the issues above through setting a record date.

hose

>   ANV: Explanation for the parent company’s business results in quarter 2/2010 (16/09/2010)

>   BAS: Explanation for production activities in H1 2010 (16/09/2010)

>   BVH: Warned of submitting quarter 2/2010 financial statements late (16/09/2010)

>   DTT: Asking a permission not to submit the audited financial statements of 06 months 2010 (16/09/2010)

>   KBC: Extension time of submitting financial statements in 06 months 2010 (16/09/2010)

>   VIP: Explanation for the business results in H1/2010 (16/09/2010)

>   PHR: Business result in August 2010 (15/09/2010)

>   SRF: Explanation for business result in Q2/2010 (15/09/2010)

>   PTC: Adjusting figure in the Q2 financial statement (15/09/2010)

>   ITA: Difference of figures in the financial statement Q2 and H1/2010 (15/09/2010)