Illegal.

Legal basis:

"Company Law"

Article 115: A company shall not directly or through its subsidiaries make any request to directors, supervisors or senior officers. Managers provide loans.

Extended information:

The requirements of the "Company Law" for the board of directors and managers:

(Based on: "Company Law of the People's Republic of China")

Article 108 A joint-stock company shall have a board of directors, which shall consist of five to nineteen members.

Board members may include company employee representatives. The employee representatives on the board of directors are democratically elected by the company's employees through employee congresses, workers' conferences or other forms of democracy.

Article 45 of this Law regarding the term of office of directors of a limited liability company shall apply to directors of a joint stock company.

Article 46 of this Law regarding the powers of the board of directors of a limited liability company shall apply to the board of directors of a joint stock company.

Article 109 The board of directors shall have one chairman and may have a vice chairman. The Chairman and Vice Chairman are elected by the Board of Directors with a majority of all directors.

The chairman convenes and presides over board meetings and inspects the implementation of board resolutions. The vice chairman assists the chairman in his work. If the chairman is unable or fails to perform his duties, the vice chairman shall perform his duties; if the vice chairman is unable or fails to perform his duties, more than half of the directors shall jointly elect a director to perform his duties. .

Article 110 The board of directors shall hold at least two meetings each year, and all directors and supervisors shall be notified of each meeting ten days before the meeting.

Shareholders representing more than one-tenth of the voting rights, more than one-third of the directors or the board of supervisors may propose to convene an extraordinary meeting of the board of directors. The chairman of the board of directors shall convene and preside over a board meeting within ten days after receiving the proposal.

When the board of directors convenes an extraordinary meeting, it may separately determine the notification method and notification time limit for convening the board of directors.

Article 111 A board meeting can only be held when more than half of the directors are present. Resolutions made by the board of directors must be approved by more than half of all directors.

The voting on resolutions of the board of directors shall be based on one person, one vote.

Article 112 Board meetings shall be attended by the director in person; if a director is unable to attend for any reason, he may authorize another director in writing to attend on his behalf, and the scope of authorization shall be stated in the letter of authorization.

The board of directors shall keep minutes of its decisions on the matters discussed at the meeting, and the directors attending the meeting shall sign on the minutes.

Directors shall be responsible for the resolutions of the board of directors. If the resolution of the board of directors violates laws, administrative regulations, the company's articles of association, or resolutions of the general meeting of shareholders, causing the company to suffer serious losses, the directors who participated in the resolution shall be liable to the company for compensation. However, if it is proven that the director expressed his dissent during the voting and recorded it in the minutes of the meeting, the director may be exempted from liability.

Article 113 A joint-stock company shall have a manager, who shall be appointed or dismissed by the board of directors.

Article 49 of this Law regarding the powers of managers of limited liability companies shall apply to managers of joint stock companies.

Article 114 The company’s board of directors may decide that a member of the board of directors shall concurrently serve as manager.

Article 115 The company shall not provide loans to directors, supervisors or senior managers directly or through subsidiaries.

Article 116 The company shall regularly disclose to shareholders the remuneration received by directors, supervisors and senior managers from the company.

Baidu Encyclopedia--Company Law of the People's Republic of China