Legal basis: Article 146 of the Company Law of People's Republic of China (PRC) shall not serve as a director, supervisor or senior manager of the company under any of the following circumstances: (1) No capacity for civil conduct or limited capacity for civil conduct; (2) Being sentenced to punishment for corruption, bribery, misappropriation of property, misappropriation of public funds or disruption of the socialist market economic order, and the execution period has not exceeded five years, or being deprived of political rights for committing a crime, and the execution period has not exceeded five years; 3) Having served as a director, factory director or manager of a bankrupt company or enterprise, and being personally responsible for the bankruptcy of the company or enterprise, it has not been more than three years since the date of bankruptcy liquidation of the company or enterprise. (4) Being the legal representative of a company or enterprise whose business license has been revoked and ordered to close due to violation of law, and having personal responsibility, it has not been more than three years since the date when the business license of the company or enterprise was revoked. 5) A large number of personal debts have not been paid off due. If the company elects, appoints directors, supervisors or employs senior management personnel in violation of the provisions of the preceding paragraph, the election, appointment or appointment shall be invalid. The company shall remove the directors, supervisors and senior managers from their posts under any of the circumstances listed in the first paragraph of this article during their term of office.