What are the rights and obligations of the parent company of MobiFone Telecommunications Corporation in other enterprises invested by MobiFone in Vietnam?

What are the rights and obligations of the parent company of MobiFone Telecommunications Corporation in other enterprises invested by MobiFone in Vietnam?

Pursuant to Article 34 of the Regulation on financial management of the parent company of MobiFone Telecommunications Corporation issued together with Decision 618/QD-UBQLV in 2022 by the Chairman of the State Capital Management Committee at enterprises stipulating as follows:

Rights and obligations of MobiFone in other enterprises invested by MobiFone

MobiFone performs rights and obligations at other enterprises invested by MobiFone in accordance with the provisions of the Charter of MobiPone and relevant laws.

Thus, the parent company of MobiFone Telecommunications Corporation shall exercise rights and perform obligations at other enterprises with MobiFone's investment capital in accordance with MobiFone's Charter and relevant laws.

What are rights and obligations of the representative of MobiFone's capital in other enterprises in Vietnam?

Pursuant to Article 35 of the Regulation on financial management of the parent company of MobiFone Telecommunications Corporation issued together with Decision 618/QD-UBQLV in 2022 by the Chairman of the State Capital Management Committee at enterprises stipulating as follows:

Rights and obligations of the representative of MobiFone's capital in other enterprises

1. Perform duties, powers and responsibilities of shareholders, capital contributors and joint venture parties assigned by MobiFone in accordance with the law, MobiFone's Charter, the enterprise's charter and other regulations and regulations to assign and decentralize representatives.

2. Participating in the candidacy or nomination of MobiFone's Representative for management and executive positions of an enterprise with MobiFone's capital contribution in accordance with that enterprise's Charter, MobiFone's instructions and relevant laws relate to.

3. Regularly monitor and collect information on the implementation of the production and business coordination plan; operation situation and results of production and business activities; supervise the financial and investment situation of the enterprise; periodically or irregularly report at the request of MobiFone, competent state management agencies on the contents as prescribed by law and MobiFone's Charter.

Timely report, propose solutions when the business operates at a loss; solvency is not guaranteed; investment not in accordance with strategic objectives, master plans and plans; failure to fulfill targets, objectives and tasks assigned by MobiFone or other violations.

4. Develop, report and propose programs, plans and directions of their activities at the enterprise for MobiFone's Board of Members to consider and give opinions.

5. The representative develops, reports and proposes to the MobiFone Members' Council to approve or give written opinions on the contents as prescribed by law, the Charter of MobiFone and the Charter of the enterprise before when participating in opinions or voting at the Board of Directors, Board of Directors, General Meeting of Shareholders or capital contributors or joint venture parties.

In case many people and representatives of MobiFone join the Board of Directors at an enterprise with capital contribution of MobiFone, the person in charge of the group of representatives shall preside over, discuss and agree on opinions and send reports or proposals to the Board of Directors. MobiFone co-members on business issues.

6. Take responsibility before MobiFone's Board of Members for the effectiveness of using MobiFone's contributed capital in the enterprise they are appointed to represent.

7. Perform other duties, powers and responsibilities in accordance with the law, the charter of that enterprise and the tasks assigned by MobiFone.

What are the responsibilities of the Board of members of the parent company of MobiFone Telecommunications Corporation regarding reporting regimes and targets?

Pursuant to Article 36 of the Regulation on financial management of the parent company of MobiFone Telecommunications Corporation issued together with Decision 618/QD-UBQLV in 2022 by the Chairman of the State Capital Management Committee at enterprises stipulating as follows:

Reporting regimes and targets

1. On the basis of financial statements and other reports of the enterprise, the Representative shall compile an enterprise profile and report on a number of quarterly and annual financial indicators, including analysis and evaluation. evaluate the situation of capital management and use at the enterprise, solvency, business results, distribution of profits and other benefits, propose measures to remove difficulties and obstacles in order to develop effectively mobilize MobiFone capital in other enterprises for submission to the MobiFone Members' Council for consideration and approval.

2. The representative is responsible for sending a report with all the contents mentioned in Clause 1 of this Article to MobiFone within the time limit prescribed by law and MobiFone.

3. In addition to the above periodic reports, the Representative must report to the MobiFone Members' Council on the business situation in case of major problems arising affecting business results and investment capital. of MobiFone or at the request of MobiFone's Members' Council.

4. MobiFone's Board of Members is responsible for:

a) On the basis of periodic reports of the Representative, MobiFone's Board of Members is responsible for performing its rights and obligations in accordance with this Regulation, MobiFone's Charter and relevant laws. relate to.

b) Every six months and every year, MobiFone shall report on financial supervision of subsidiaries and affiliates in accordance with regulations.

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