NOBASHI
NOBASHI VANNAMEI
RAW
HO CENTRAL PEELED BT
COOKED
COOKED PDTO VANNAMEI
PRE-FRIED SHRIMP
FRITTER VANNAMEI
VEGETABLES
GINGER
VEGETABLES
BÍ NHẬT
NOBASHI
NOBASHI VANNAMEI

THE MINUTES OF 2007 ANNUAL MEETING OF SHAREHOLDERS

SAO TA FOODS JOINT STOCK COMPANY (FIMEX VN)
…………………………….

THE MINUTES
OF 2007 ANNUAL MEETING OF SHAREHOLDERS
OF SAO TA FOODS JOINT STOCK COMPANY

(Business Registration Certificate No. 5903000012 first issued by Planning & Investment Department of Soc Trang province on Dec 19, 2002)

Today, at 14h:00 pm of April 04, 2008, at meeting hall of Khanh Hung 2 Restaurant, located at No. 20D Tran Hung Đao street, Soc Trang city, Annual Meeting of Shareholders – year 2007 is hold (under Invitation Letter dated March 16, 2008 : refering to Annual Meeting of Shareholders – Year 2007).
To be trusted and assigned by the Meeting, the delegation of secretaries consisting of :
1/ Mr. Ngo Van Nghiep
2/ Mr. Lu Thanh Phu
has adopted the Minutes of the Meeting as following :

I/ Protocol:
Mr. Lam Quang Hau, on behalf of Organization Board, states the reasons and introduces delegates to attend the Meeting, including:
1/ Mr. Tran Van Vu – Ex-commisionner of Central Committee of the Vietnamese Communist Party, Ex-Provincial Party Committe Secretary of Soc Trang.
2/ Mr. Le Van Can – Vice President of the People’s Committee of Soc Trang province
3/ Mr. Ho Quang Cua – Vice Director of Agriculture and Rural Development Service, Soc Trang province.
4/ Mr. Đinh Van Trung – Director of VietCombank - Soc Trang branch.
5/ Mr. Dang Hoang Hai – Vice Director of Bank for Investment and Development, Soc Trang branch.
- Representatives from Newspaper and Broadcasting & Television Agencies.
- Members of Administration Board, Supervision Board, and the Company’s esteemed shareholders from many places to attend the Meeting today.
* Confirmation of Legal Eligibility to proceed the Meeting :
Mr. Dinh Van Thoi- Representative of Supervision Board- reports on checking shareholders’s status.
Breakdown of shareholders present at opening time. Numbers Value of shares Percentage (%)/ Total entitled shares.
Organizational Shareholders 13 49.117.100.000 62,19
Individual Shareholders 115 10.213.600.000 12.93
Total 128 59.330.700.000 75.12

With presence of shareholders holding over 65% of total entitled shares, Sao Ta Foods Joint Stock Company is eligible to proceed the 2007 Annual Meeting of Shareholders.

* Introducing Delegation of chairmen, Delegation of Secretaries and Vote checking board.
Mr. Lam Quang Hau, on behalf of Organization Board, introduces delegation of chairmen, delegation of Secretaries and vote checking board adopted by the Meeting, including:
+ Delegation of chairmen:
1/ Mr. Ho Quoc Luc: The Chairman of Administration Board,
2/ Mr. Pham Hoang Viet: Permanent member of Administration Board, Vice General Director.
3/ Mr. To Minh Chang: Member of Administration Board, Chief Accountant.
+ Delegation of Secretaries:
1/ Mr. Ngo Van Nghiep : Vice Manger of Company’s building project managing Board
2/ Mr. Lu Thanh Phu : Vice Manager of Personnel Department.
+ Vote checking board.:
1/ Mr. Đinh Van Thoi : Member of Supervision Board - The head
2/ Mr. Ma Ich Hung: Member of Supervision Board, Member
3/ Mr. Vo Van Si: Vice Manager of Personnel, Member
* Adopting discussing program:
Mr. Ho Quoc Luc, on behalf of the Delegation of Chairmen, adopts program of the Meeting.

II/ Contents:
1/ Mrs. Duong Ngoc Kim, General Director, reports on 2007 production & business activities and 2008 business plan.
2/ Mr. To Minh Chang, Chief accountant, reports on audited 2007 finance statement, and project of 2007 profit and dividend distribution.
3/- Mr. Chung Thanh Tam, The head of Supervision Board, reports on its supervision of the Company activity situation.
4/ Mr. Pham Hoang Viet, Permanent member of Administration Board, reports on activities of Administration Board, compensation payment for members of Administration Board and Supervision Board in year 2007 and project of compensation payment in year 2008.
6/ Mr. To Minh Chang, Chief Accountant, adopts corrections and supplements to the Company Charter.
7/- Comments for contributing and discussing :
* The representative of Bao Viet Investment Fund and other shareholders give comments which are acquired by Delegation of Chairmen and discussed with the following basic contents :
- Why do current debts and stock of products increase at end of 2007 ? Can the Company reach 3,000 tons of agricultural products in 2008 as planned while the processing factory will be just brought into operation at beginning of the 4th quarter.
- Agricultural product processing project is highly appreciated, but fish processing project should be thoroughly considered.
- What is the Company’s developing plan of black tiger shrimp in year 2008 against the development of vannamei shrimp.
- As for increase of VND 1 billion to reach VND 80 billion of charter capital, it is suggested that preference shares of the VND 1 billion should be sold to the Company’s employees because their income is still low under the report.
(Above mentioned issues have been answered clearly by Mr. Ho Quoc Luc- the Chairman, that makes the shareholders feel secured).
08/ Collecting comments of the meeting to vote on finance statement, project of profit distribution and other issues. (with the Minutes attached).
09/ Mr. Lu Thanh Phu, on behalf of the delegation of secretaries, adopts the Minutes of the Meeting:
10/ Mr. Ho Quoc Luc, on behalf of the delegation of Chairmen, adopts the resolution of the Meeting.
The Meeting closes at 17:00 PM of April 04, 2008 .

Delegation of Chairmen

Delegation of secretaries
Ngô Văn Nghiệp &
Lữ Thanh Phú