Conditions for establishing a group company

Article 76 The establishment of a joint stock limited company shall meet the following conditions:

1. The sponsors meet the quorum.

2. The total share capital subscribed by all promoters or the total paid-in share capital raised in accordance with the articles of association.

3. The issuance and preparation of shares are in compliance with the law.

4. The promoters shall formulate the articles of association of the company, and the establishment by offering shall be approved by the founding meeting.

5. Have a company name and establish an organization that meets the requirements of a joint stock limited company.

6. Have a company residence.

Composition and related requirements of enterprise group name

(A) the composition of the name of the enterprise group

The name of an enterprise group consists of four parts: administrative division+font size+industry+group.

(2) Relevant requirements for the names of enterprise groups and their members.

1, if the name is not preceded by administrative division, it shall be approved by the State Administration for Industry and Commerce according to the prescribed procedures.

2. The name of an enterprise group can be abbreviated.

3. The parent company (core enterprise) can use the words "group" or "(group)" in the enterprise name.

4. A subsidiary (a member enterprise of a group) can be given the name or abbreviation of the group.

5. With the consent of the group management organization, a joint-stock company may prefix its name with the name or abbreviation of the enterprise group.