On October 02, 2012, the Board of Directors of Sai Gon Cable Corporation (SCC) approved the following contents:
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The Board of Directors approved to make payments to
shareholders with payment schedule below:
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Stage 1: Payment ratio: advancing 9,300 dongs/share
(01 share will receive 9,300 dongs)
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Time of payment: October 24, 2012.
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Stage 2: Payment ratio: based on the dissolution
process
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Payment time: in November 2012.
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Stage 3 (final stage): Payment ratio:
residual value.
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Time of payment: after the Corporation completes the
liquidation of assets.
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The Board of Directors approved that Sai Gon Cable
Corporation will conduct tax settlement and implement the audited reports for
final fiscal year.
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The Board of Directors approved to choose reputable partners
for the public auction of company assets.
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The Board of Directors authorized the CEO to choose partners
to underwrite and manufacture the remaining orders to customers.
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The Board of Directors approved to authorize the CEO to keep
the Corporation’s documents in 10 years.
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The Board of Directors approved an expense fund for
dissolution until December 31, 2012.