Innovative Technology Development Corporation announced the resolution of the Board of Directors dated September 19, 2012:
Article 1: Article 1: Decision on Project
“Quartz Electrical Equipment Plant”
Independent Audit
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The Board of Directors unanimously approved to have
independent audits in Innovative Technology Development
Corporation (ITD), QMC Corporation (QMC) and Quartz Electrical Equipment Corp – QEC (QEC), project Quartz Electrical
Equipment Plant in Binh Duong. The Board of Supervisors will negotiate and
decide which auditing company will implement audit. Time to complete the audit
is expected in 2012.
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The Board of Directors will decide what materials, tools and
supplies for Quartz Electrical Equipment Plant will be returned to clear
debts.
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The Board of Directors approved to establish the board of
bankrupt QEC.
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The Board of Directors authorized the board of bankrupt to
solve QEC’s bankruptcy problems. The board of bankrupt must periodically report
situation to the Board of Directors.
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The board of bankrupt QEC includes the following members:
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The Board of Directors approved to terminate operations of
the Managing Board as from September 17, 2012.
Article 2: The Board of Directors approved to organize the extraordinary meeting of shareholders of QMC, QEC, ITD:
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The extraordinary meeting of shareholders of QMC:
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Meeting date: expected on October 03, 2012
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The extraordinary meeting of shareholders of QEC:
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Meeting date: expected on October 04, 2012
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The extraordinary meeting of shareholders of ITD:
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Meeting date: expected on October 26, 2012
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Venue and contents of the extraordinary meeting of
shareholders: will be noticed later
Article 3: The Board of Directors approved the resignation of Mr. Lam
Thieu Quan as CEO and Ms. Nguyen Thi Bach Tuyet was appointed as Acting CEO as
from October 31, 2012.
Article 4: The resolution is valid as from September
19, 2012.
