Legal basis: Article 5 of the Company Law of People's Republic of China (PRC).
Companies engaged in business activities must abide by laws, administrative regulations, social ethics and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities. The legitimate rights and interests of the company are protected by law and shall not be infringed.
Regulations of the People's Republic of China on the Administration of Company Registration
Article 38
Where the registered items of the company that exist due to merger or division change, it shall apply for registration of change; A company dissolved due to merger or division shall apply for cancellation of registration; A company newly established due to merger or division shall apply for registration of establishment. Where a company is merged or divided, it shall apply for registration 45 days after the date of announcement, and submit the merger agreement, the resolution or decision of merger or division, the relevant certificate of the company's announcement of merger or division in the newspaper, and the explanation of debt settlement or debt guarantee. Where laws, administrative regulations or the State Council decisions stipulate that the merger or division of a company must be approved, relevant approval documents shall also be submitted.