Liquidation and Transfer of Fixed Assets of Vietnam Debt Purchase One Member Limited Liability Company

Liquidation and Transfer of Fixed Assets of Vietnam Debt and Asset Trading One Member Limited Liability Company as stipulated in Clause 4, Article 12 of the Regulation issued together with Circular 62/2021/TT-BTC. Specifically:

- The Company has the right to actively liquidate and transfer fixed assets that are damaged, technologically obsolete, not in demand, or unusable in a transparent and lawful manner;

- The authority to decide on the liquidation and transfer of fixed assets shall comply with the provisions of Clause 2, Article 27 of Decree No. 91/2015/ND-CP and any amending and supplementing documents (if any);

- Method of liquidation and transfer of fixed assets:

+ DATC shall implement the liquidation and transfer of fixed assets through auction by an organization with the function of auctioning assets or the enterprise itself if organized transparently in accordance with the procedures prescribed by the law on asset auction. If the remaining book value of the fixed assets is under 100 million VND, the Company's General Director decides to choose the auction or negotiation method, but not lower than the market price. In case the fixed assets do not have market transactions, the Company can hire an organization with price appraisal functions to determine the value as a basis for selling the assets using the aforementioned methods.

+ In case of liquidation and transfer of fixed assets attached to land, the procedures must comply with the law on land;

- The procedures for liquidation and transfer of fixed assets shall be implemented according to the current regulations applicable to enterprises wholly owned by the State.

Sincerely.