Legal analysis: 1. Shareholders and transferee sign a letter of intent for equity transfer. 2. The withdrawing shareholder shall notify other shareholders of the target company; 3. Other shareholders of the company withdraw their shares. 4. Shareholders sign a formal equity transfer contract with the transferee (which may be other shareholders or other third parties); 5. Handle the change of the company's shareholder list and industrial and commercial registration.
Legal basis: Article 71 of the Company Law of People's Republic of China (PRC). If other shareholders do not agree to the transfer, they shall purchase the equity to be transferred by the transferor, otherwise it shall be deemed as agreeing to the transfer.