General matters resolved by the shareholders' general meeting need to be passed by shareholders representing more than half of the voting rights. However, any resolution made by shareholders to amend the Articles of Association, increase or decrease the registered capital, merge, split or dissolve must be approved by shareholders representing more than two thirds of the voting rights.

The establishment of a limited liability company shall meet the following conditions:

1. Shareholders meet the quorum;

2. The amount of capital contribution subscribed by all shareholders in accordance with the Articles of Association;

3. Review the shareholders' formulation of the Articles of Association;

4. Having a company name and establishing an organization meeting the requirements of a limited liability company;

5. Have a company residence.

A limited liability company shall be established by capital contribution of less than 50 shareholders.

To establish a joint stock limited company, there shall be two or more promoters, and more than half of them shall have domicile and auction place in China.

Legal basis: Article 20 of the Company Law of People's Republic of China (PRC).

Shareholders of the company shall abide by laws, administrative regulations and the articles of association, exercise their rights according to law, and shall not abuse their rights to harm the interests of the company or other shareholders; The company's independent legal person status and the limited liability of shareholders shall not be abused to harm the interests of the company's creditors.

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