Established Electrical Measuring Equipment Company Limited, 100% owned by Vietnam Electrical Equipment Joint Stock Corporation (now Gelex Group Joint Stock Company) (“Gelex”), with the purpose of manufacturing electrical measuring equipment. The charter capital upon establishment was 368 billion VND.

• Electrical Measuring Equipment Company Limited changed its name to Gelex Electrical Equipment Company Limited.
• Emic Electrical Measuring Equipment Company Limited (“EMIC”) was established, a subsidiary 100% owned by Gelex Electrical Equipment Company Limited.
• Gelex contributed capital by shares of Vietnam Electric Cable Joint Stock Company (“CADIVI”), Hanoi Electromechanical Manufacturing Joint Stock Company (“HEM”), Electrical Equipment Joint Stock Company (“THIBIDI”), increasing its charter capital to VND 2,218.7 billion and making CADIVI, HEM and THIBIDI subsidiaries of Gelex Electrical Equipment Company Limited.

Gelex Electrical Equipment Company Limited converted to a joint stock company, changed its name to Gelex Electrical Equipment Joint Stock Company (“Gelex Electric”).

Received 100% capital transfer at Vietnam Copper Wire Company CFT (“CFT”)