When a joint stock limited company increases its capital, its shareholders shall not have the preemptive right. The shareholders' meeting shall make a resolution on the type, quantity, amount and existence of the subscription right of a joint stock limited company.
Referring to Article 133 of the Company Law, when a company issues new shares, the shareholders' meeting shall make resolutions on the following matters: (4) The types and amount of new shares to be issued to the original shareholders.