What is an extraordinary general meeting of shareholders?

Legal analysis: Extraordinary shareholders' meeting, also called extraordinary shareholders' meeting, refers to the shareholders' meeting held between two regular shareholders' meetings in order to solve the urgent problems encountered by the company according to the Company Law of People's Republic of China (PRC) or the articles of association.

Legal basis: Article 100 of the Company Law of People's Republic of China (PRC), the shareholders' meeting is held once a year. In any of the following circumstances, an extraordinary general meeting of shareholders shall be held within two months:

(1) When the number of directors is less than two thirds of the number stipulated in this Law or the company's articles of association; (2) When the company's uncompensated losses reach one third of the total paid-in share capital; (3) The request of shareholders who individually or collectively hold more than 0/0% of the shares of the company/KLOC. (4) When the board of directors deems it necessary; (5) The time proposed by the board of supervisors. (6) Other circumstances stipulated in the Articles of Association.