Subsidiary shareholding ratio requirements

Legal analysis: Holding subsidiary means that more than 50% of its capital contribution or shares are controlled by another company, but it does not reach 100%. According to the requirements of the relevant national laws, regulations and normative documents for the standardized operation and asset control of listed companies, the company, as the controlling shareholder or actual controller, exercises the power of supervision and management over the major matters of its holding subsidiaries, and enjoys the right of return on investment and the right of major decision-making on investment enterprises according to law. At the same time, it has the obligation to guide, supervise and provide related services to the holding subsidiaries.

Legal basis: Article 216 of the Company Law of People's Republic of China (PRC) The meanings of the following terms in this Law: (1) Senior managers refer to the managers, deputy managers, financial officers, secretary of the board of directors and other personnel stipulated in the articles of association of a listed company. (2) Controlling shareholders refer to shareholders whose capital contribution accounts for more than 50% of the total capital of a limited liability company or whose shares account for more than 50% of the total share capital of a joint stock limited company; Although the capital contribution or the proportion of shares held is less than 50%, but according to their capital contribution or shares held, shareholders have enough voting rights to the shareholders' meeting and the resolutions of the shareholders' meeting. (3) "Actual controller" refers to a person who is not a shareholder of the company, but can actually control the company's behavior through investment relations, agreements or other arrangements. (4) Relationship refers to the relationship between the controlling shareholder, actual controller, directors, supervisors and senior managers of the company and the enterprises directly or indirectly controlled by them, as well as other relationships that may lead to the transfer of the company's interests. However, state-controlled enterprises are not related only because they are controlled by the state.