1. A natural person who directly or indirectly owns more than 25% of the company's equity or voting rights is the basic method to determine the beneficial owner of the company. If it is necessary to calculate the indirectly owned equity or voting rights, multiply them by the actual equity or voting rights owned by all levels of the company and sum them up according to the principle of higher equity and voting rights.
2. If the natural person who directly or indirectly owns more than 25% of the company's equity or voting rights is not recognized, or if there is doubt about whether the natural person who meets the above criteria is the beneficial owner, the natural person who controls the company through personnel and finance shall be recognized as the beneficial owner, including but not limited to: directly or indirectly deciding the appointment and removal of most members of the board of directors, making major management decisions of the company, or implementing the company's financial budget, personnel appointment and removal, investment and financing, guarantee, merger and reorganization, etc.
Legal basis: Article 24 of the Company Law of People's Republic of China (PRC), a limited liability company is established by capital contribution of shareholders with less than 50 members.
Shareholders, as investors of the company, can include natural person shareholders and corporate shareholders natural person shareholders. Compared with corporate shareholders, they are individual investors with citizenship. After they invest in the company, they register with the industrial and commercial bureau where the company is located and register their shares, thus becoming natural person shareholders. A natural person is an individual who enjoys civil rights and assumes obligations according to law based on natural birth. Shareholders are investors or investors of joint-stock enterprises.