Legal analysis: Whether a newly established company can transfer shares depends on the company type. If it is a limited liability company, there is no time limit for equity transfer, but it requires the consent of more than half of other shareholders. If it is a joint stock limited company, the shares held by the promoters shall not be transferred within one year after the establishment of the company. If it is not the sponsor, there is no such time limit. In addition, if there are relevant provisions in the articles of association, they shall be handled in accordance with the provisions.
Legal basis: Article 20 of the Regulations for the Implementation of the Law on Sino-foreign Joint Ventures. If a party to a joint venture transfers all or part of its shares to a third party, it must obtain the consent of the other party to the joint venture, report it to the examination and approval authority for approval, and go through the formalities of change registration with the registration authority. In violation of the above provisions, its transfer is invalid.