The process of shareholder change in the company

Legal analysis: the process of shareholder change;

1. The applicant submits an application to the industrial and commercial administration window of the municipal administrative service center with relevant materials, and issues an acceptance notice or receipt of the application materials after the acceptance of the examiner's preliminary examination; Do not meet the acceptance conditions, on the spot or within 5 working days to inform the applicant of all the materials that need to be supplemented (issue a notice).

2. If the applicant's application materials are complete and conform to the statutory form, the Administration for Industry and Commerce will make a decision on whether to approve the registration on the spot and issue a notice of registration decision; If it is necessary to verify the substantive contents of the application materials, it shall issue a Notice on Matters Needing Verification of Enterprise Registration Materials, and the Administration for Industry and Commerce must make a decision on approval or disapproval within 10 working days.

3. The Administration for Industry and Commerce may, after five working days (except the substantial contents of the application materials need to be verified), the applicant shall, by virtue of the Notice of Registration Decision, reissue the Notice of Permission to Change Registration at the issuing window.

After the applicant for shareholder change submitted the above materials and completed the procedures required for shareholder change of the company, the shareholder qualification of our company changed. The new shareholders will exercise their rights and perform their obligations instead of the original shareholders.

Legal basis: People's Republic of China (PRC) Company Law.

Article 138 Shareholders shall transfer their shares in a legally established securities exchange or in other ways prescribed by the State Council.

Article 139 Registered shares shall be transferred by endorsement or by other means prescribed by laws and administrative regulations. After the transfer, the company shall record the name and domicile of the transferee in the register of shareholders.

Changes in the register of shareholders as mentioned in the preceding paragraph shall not be registered within 20 days before the convening of the shareholders' general meeting or five days before the benchmark date for the company to decide on dividend distribution. However, if there are other provisions in the law on the registration of changes in the register of shareholders of listed companies, those provisions shall prevail.

Article 140 The transfer of bearer shares shall take effect immediately after the shareholder delivers the shares to the transferee.

Article 141 The shares of the Company held by promoters shall not be transferred within one year from the date of establishment of the Company. Shares issued before the public offering of shares by the company shall not be transferred within one year from the date of listing and trading of the company's shares on the stock exchange.

The directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares. The above-mentioned personnel shall not transfer their shares in the company within six months after leaving the company. The articles of association may make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company.