Specific procedures for the company to buy back shares.
Stock repurchase procedures: According to the Company Law, if the share repurchase of a limited liability company involves reducing the names of shareholders, changing the articles of association or reducing capital, a shareholders' meeting needs to be held and approved by shareholders with more than two-thirds voting rights. If it is otherwise stipulated in the articles of association, it shall be handled in accordance with the articles of association. According to Article 74 of the Company Law, if the shareholders and the company fail to reach an equity purchase agreement within 60 days from the date of adoption of the resolution of the shareholders' meeting, the shareholders may bring a lawsuit to the people's court within 90 days from the date of adoption of the resolution of the shareholders' meeting.