Legal basis: The controlling shareholder in the second paragraph of Article 216 of the Company Law of People's Republic of China (PRC) refers to a shareholder whose capital contribution of a limited liability company accounts for more than 50% of the company's total capital, or whose shares of a joint stock limited company account for more than 50% of the company's total capital, or whose voting rights are sufficient to have a significant impact on the resolutions of the shareholders' meeting.
Article 84 of the Measures for the Administration of the Acquisition of Listed Companies shall have the control right of a listed company under any of the following circumstances: (1) The investor is the controlling shareholder holding more than 50% of the shares of the listed company; (two) investors can actually control the voting rights of more than 30% of the shares of the listed company; (3) Investors may decide to appoint more than half of the members of the board of directors of the listed company by actually controlling the voting rights of the shares of the listed company; (4) The voting rights of the shares of listed companies held by investors can have a significant impact on the resolutions of the company's shareholders' meeting;