Legal analysis: the promoters of a joint stock limited company, also known as promoters, refer to those who have entered into a promoter agreement, applied for the establishment of a company, subscribed for the shares of the company and assumed responsibility for the establishment of the company in accordance with relevant laws and regulations. The minimum number of promoters of a joint-stock company is two and the maximum number is two hundred.
Legal basis: Article 78 of the Company Law of People's Republic of China (PRC) establishes a joint stock limited company, which shall have two or more promoters but not more than 200, and more than half of the promoters shall have their domicile in China.