Legal basis: Article 3 of the Company Law of People's Republic of China (PRC) stipulates that shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them. Article 2 of the Partnership Enterprise Law of People's Republic of China (PRC) stipulates that a limited partnership enterprise consists of general partners and limited partners. The general partner shall be jointly and severally liable for the debts of the partnership, and the limited partner shall be liable for the debts of the partnership to the extent of the capital contribution subscribed.