Legal analysis: According to the original company law, the shareholders of a limited liability company cannot ask the company to buy back their own shares. The principle of capital preservation and the principle of capital invariability established by the company law require that the company should always maintain the property equivalent to capital during its existence. Once the company's capital is determined, it shall not be changed at will. If it is necessary to increase or decrease capital, it should be carried out in strict accordance with legal procedures. If the company is allowed to buy back shares held by shareholders, it will hinder the enrichment of the company's capital. However, the strict capital system also inevitably has side effects, which will cause damage to minority shareholders. Because the company implements the principle of capital majority decision, the exercise and enjoyment of equity is determined according to the number of shares held. Large shareholders have full power, while small shareholders have no power. In order to realize the value goal of protecting minority shareholders and maintain their investment enthusiasm, the new company law has established the share repurchase system of limited liability companies.
Legal basis: Article 75 of People's Republic of China (PRC) Company Law is the legal shareholder's right to repurchase. According to the circumstances specified in this article, shareholders may require the company to purchase its equity at a reasonable price. Except under the circumstances specified in this article, shareholders may exercise their legal rights of repurchase.