(1) The company has been unable to convene shareholders' meetings or general meetings for more than two consecutive years, resulting in serious difficulties in the company's operation and management;
(2) Shareholders fail to reach the proportion stipulated in the law or the articles of association when voting, and cannot make effective resolutions at the shareholders' meeting or shareholders' meeting for more than two years, resulting in serious difficulties in the company's operation and management;
(3) The directors of the company have long-term conflicts, which cannot be resolved through the shareholders' meeting or shareholders' meeting, resulting in serious difficulties in the company's operation and management;
(4) There are other serious difficulties in operation and management, and the continued existence of the company will cause great losses to the interests of shareholders.
The people's court will not accept a lawsuit for dissolution of the company filed by shareholders on the grounds that their rights and interests such as the right to know and the right to claim profit distribution have been damaged, or that the company has suffered losses and its property is insufficient to pay off all debts, and that the company's Business License as an Enterprise Legal Person has been revoked and has not been liquidated.
Legal basis: Enterprise Bankruptcy Law of the People's Republic of China.
Article 2 If an enterprise as a legal person is unable to pay off its due debts, its assets are insufficient to pay off all its debts or it obviously lacks solvency, it shall clear up its debts in accordance with the provisions of this Law. An enterprise as a legal person may be reorganized in accordance with the provisions of this law if it has the circumstances specified in the preceding paragraph or obviously loses its solvency.
Article 7 The debtor may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation under the circumstances specified in Article 2 of this Law. If the debtor is unable to pay off the debts due, the creditor may apply to the people's court for reorganization or bankruptcy liquidation of the debtor. If an enterprise as a legal person has been dissolved but has not been liquidated or its assets are insufficient to pay off its debts, the person liable for liquidation according to law shall apply to the people's court for bankruptcy liquidation.
Article 113 After the bankruptcy expenses and interest-bearing debts are paid off, the bankruptcy property shall be paid off first in the following order: (1) The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees, the basic old-age insurance and basic medical insurance expenses owed to the employees' personal accounts, and the compensation that should be paid to the employees according to laws and administrative regulations; (2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph; (3) Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion. The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise.