Differences between Article 148 and Article 146 of the Company Law

Requirements for directors, supervisors and senior managers.

Articles 1 and 146 stipulate five situations in which a company may not be a director. The company's election, appointment or employment of directors in violation of the provisions of this article is invalid. In case of any of the above five circumstances during Dong's tenure in the company, the company shall dismiss him.

2. Article 148 stipulates the prohibition of directors and senior management. Directors and senior management personnel shall not misappropriate the company's funds, and shall not open an account for the company's funds in their own name or in the name of other individuals in violation of the law.