Who will convene the first shareholders' meeting of a limited liability company?

There are differences between the sponsors of the shareholders' meeting of limited liability companies and joint stock limited companies. For limited liability companies, there are two kinds: setting up a board of directors and not setting up a board of directors. If the board of directors is established, it shall be presided over by the chairman; if it is not established, it shall be presided over by the executive director. In a joint stock limited company, if the chairman is unable to preside, the vice chairman shall preside; if the board of directors is unable to perform its duties, it shall be convened and presided by the board of supervisors, which is the same as that of a limited liability company. However, if the board of supervisors fails to perform the duties of convening the shareholders' meeting, the limited liability company shall be presided over by shareholders with more than one tenth of the voting rights, and shareholders who have held more than 10% of the shares individually or in total for more than 90 days.

1. Article 40 of the Company Law of People's Republic of China (PRC) stipulates: "Where a limited liability company establishes a board of directors, the shareholders' meeting shall be convened by the board of directors and presided over by the chairman; When the chairman is unable to perform his duties or fails to perform his duties, he shall be presided over by the vice chairman; If the vice chairman is unable to perform his duties or fails to perform his duties, more than half of the directors shall elect a director to preside over the meeting. Where a limited liability company does not have a board of directors, the shareholders' meeting shall be convened and presided over by the executive director. If the board of directors or the executive director is unable to perform or fails to perform the duties of convening the shareholders' meeting, it shall be convened and presided over by the board of supervisors or the supervisors of the company without the board of supervisors; If the Board of Supervisors or supervisors do not convene and preside over the meeting, shareholders representing more than one tenth of the voting rights may convene and preside over the meeting by themselves. "2. Article 10 1 of the Company Law of People's Republic of China (PRC) stipulates:" The shareholders' meeting shall be convened by the board of directors and presided over by the chairman; When the chairman is unable to perform his duties or fails to perform his duties, he shall be presided over by the vice chairman; If the vice chairman is unable to perform his duties or fails to perform his duties, more than half of the directors shall elect a director to preside over the meeting. If the board of directors fails to perform or fails to perform the duties of convening the shareholders' meeting, the board of supervisors shall convene and preside over it in time; If the Board of Supervisors fails to convene and preside over the meeting, shareholders who have held more than 0/0% of the shares of the company/KLOC-0 for more than 90 consecutive days may convene and preside over the meeting by themselves. "