Legal analysis: conditions for the establishment of a joint-stock company: 1. The promoters meet the statutory qualifications and reach a quorum. 2. The share capital subscribed and publicly offered by the promoters has reached the statutory minimum. 3. The issuance and preparation of shares are in compliance with the law. 4. The promoters shall formulate articles of association, which shall be adopted by the founding meeting. 5. Have a company name and establish an organization that meets the requirements of the company.
Legal basis: Article 77 of the Company Law of People's Republic of China (PRC), a joint stock limited company may be established by means of initiation or public offering.