Branch cancellation process:

1. The shareholders’ meeting resolves to dissolve the branch;

2. Conduct an audit of the branch’s accounts;

3. Apply for deregistration to the company registration authority of the branch.

Article 49 of the "Company Registration and Management Regulations" stipulates that if a branch is revoked by the company, ordered to close in accordance with the law, or has its business license revoked, the company shall report to the branch within 30 days from the date of the decision. The company registration authority applies for deregistration. To apply for deregistration, an application for deregistration signed by the company's legal representative and the branch's "Business License" must be submitted. After the company registration authority approves the deregistration, it shall collect the branch's "Business License".

Legal Basis

Article 49 of the "Regulations of the People's Republic of China on Company Registration and Management"

The branch was revoked by the company and ordered to close in accordance with the law . If the business license is revoked, the company shall apply to the branch's company registration authority for deregistration within 30 days from the date of the decision. To apply for deregistration, an application for deregistration signed by the company's legal representative and the branch's "Business License" must be submitted. After the company registration authority approves the deregistration, it shall collect the branch's "Business License".