Does the largest shareholder holding 70% of the shares have the right to raise wages for employees?

Yes According to the provisions of the Company Law, 70% of the shares are the largest shareholders, and they have the right to decide employees' salaries and raise their salaries. At the same time, it enjoys the rights of shareholder status, participation in major decision-making, selection and supervision of managers, asset income, information and related party transactions review. Shareholders, that is, investors or investors of joint-stock companies.