Legal analysis: the branch has no articles of association. According to the Company Law, the articles of association must be formulated in accordance with the law when establishing a company. The Articles of Association are binding on the Company, shareholders, directors, supervisors and senior management.
Legal basis: Article 11 of the Company Law: To establish a company, the articles of association must be formulated according to law. The Articles of Association are binding on the Company, shareholders, directors, supervisors and senior management.