On the issue of shareholders' application for dissolution of joint stock limited company

Conditions for shareholders to sue for dissolution of the company: proposed by shareholders who hold more than 10% of the voting rights of all shareholders of the company; Serious difficulties occur in the operation and management of the company, which will cause great losses to the interests of shareholders and cannot be solved by other means.

legal ground

Item 5 of Article 180 of People's Republic of China (PRC) Company Law

The Company is dissolved for the following reasons:

(5) The people's court shall be dissolved in accordance with the provisions of Article 182 of this Law.

Article 182

Serious difficulties have occurred in the company's operation and management, and its continued existence will cause great losses to the interests of shareholders. If it cannot be solved by other means, shareholders who hold more than 10% of the voting rights of all shareholders of the company may request the people's court to dissolve the company.