Legal basis: Article 269 of the Civil Code of People's Republic of China (PRC). For-profit legal persons have the right to possess, use, profit from and dispose of their real estate and movable property in accordance with laws, administrative regulations and articles of association. For legal persons other than for-profit legal persons, the provisions of relevant laws, administrative regulations and articles of association shall apply to their real estate and chattel rights.
Article 103 of the Company Law of People's Republic of China (PRC) * * * Shareholders attend the shareholders' meeting, and each share they hold has one vote. However, the shares of the company held by the company have no voting rights. The resolution of the shareholders' meeting must be passed by more than half of the voting rights held by the shareholders present at the meeting. However, the resolutions of the shareholders' meeting to amend the Articles of Association, increase or decrease the registered capital, and the resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by more than two thirds of the voting rights held by the shareholders present at the meeting.