legal ground
Article 11 of the Company Law of People's Republic of China (PRC) * * * 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. Article 35 After the establishment of the company, shareholders may not withdraw their capital contribution. Article 200 Where the promoters and shareholders of a company withdraw their capital contribution after the establishment of the company, the company registration authority shall order them to make corrections and impose a fine of more than 5% 15% of the withdrawn capital contribution.