Legal analysis: Equity transfer is a very common behavior, and it is also one of the ways for shareholders to recover their investment. Equity transfer requires the signing of an equity transfer agreement, and the equity transfer will take effect after the equity change registration. When transferring equity to other outsiders, a shareholders' meeting must be held. With the consent of half the shareholders, the equity can be transferred. If more than half of the shareholders do not agree to the transfer, they do not agree to the shareholders who purchase the equity. The resolutions of the shareholders' meeting of the Company Law are invalid as follows: 1. The resolution of the shareholders' meeting that has no right to dispose of the equity is invalid. The shareholders' meeting made a resolution on the transfer of shareholders' equity, and the shareholders who held the transferred equity did not attend the shareholders' meeting in person, nor did they agree to the transfer of equity. If the shareholder's signature is forged, the resolution of the shareholders' meeting is invalid. 2. The resolution of the shareholders' meeting that infringes the shareholders' preemptive right is invalid. In order to maintain the humanization and liquidity of the limited liability company, when the shareholders of the limited liability company transfer their shares to a third party other than the shareholders, the company law gives the shareholders who do not agree to the transfer the preemptive right. 3. The resolution of the shareholders' meeting that illegally modifies the articles of association is invalid. 4. The resolution of the shareholders' meeting that illegally distributes profits to shareholders is invalid.

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

Article 71 Shareholders of a limited liability company may transfer all or part of their shares to each other. Shareholders' transfer of equity to persons other than shareholders shall be approved by more than half of other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity; Do not buy, as agreed to transfer. Under the same conditions, other shareholders have the priority to purchase the equity transferred with the consent of shareholders. If two or more shareholders claim to exercise the preemptive right, their respective purchase proportions shall be determined through consultation; If negotiation fails, the preemptive right shall be exercised in accordance with their respective investment proportions at the time of transfer. Where there are other provisions on equity transfer in the articles of association, such provisions shall prevail.

Article 73 After the equity is transferred in accordance with the provisions of Articles 71 and 72 of this Law, the company shall cancel the capital contribution certificate of the original shareholder, issue the capital contribution certificate to the new shareholder, and change the records of shareholders and their capital contribution in the articles of association and the register of shareholders accordingly. There is no need to vote at the shareholders' meeting to amend the Articles of Association this time.

Article 22 The resolutions of the shareholders' meeting, the shareholders' meeting and the board of directors of the company are invalid if they violate laws and administrative regulations. If the convening procedure and voting method of the shareholders' meeting, shareholders' general meeting or the board of directors violate laws, administrative regulations or the articles of association, or the contents of the resolution violate the articles of association, the shareholders may request the people's court to cancel it within 60 days from the date of making the resolution. Where a shareholder brings a lawsuit in accordance with the provisions of the preceding paragraph, the people's court may, at the request of the company, require the shareholder to provide corresponding guarantees. If the company has gone through the registration of change according to the resolution of the shareholders' meeting or the shareholders' meeting or the board of directors, after the people's court declares the resolution invalid or cancels the resolution, the company shall apply to the company registration authority for cancellation of the registration of change.