If there are more shareholders and the equity is balanced, it is possible to hold more than 10%, but it depends on the composition of the company's shares, which has its historical reasons. At the end of last year, the major shareholder of Shanghai Volkswagen Public Utilities (Group) Co., Ltd. was only 20.76%, the major shareholder of China Minsheng Bank Co., Ltd. was only 20.22%, and the second largest shareholder was a few percent. If you want to know about big companies, you can check their annual reports-changes in shares and shareholders; If you want to hold shares, it is not just a question of money, and people may turn against the acquisition.