1. If the company cannot be established, all promoters shall be jointly and severally liable for the debts and expenses incurred in the establishment of the company;
2. When the company can't be established, all promoters shall be jointly and severally liable for the return of paid shares and the interest on bank deposits in the same period;
3. When the company is established, if the promoters damage the interests of the company due to negligence, they shall be liable for compensation.
legal ground
Article 94 of the Company Law of People's Republic of China (PRC)
The promoters of a joint stock limited company shall bear the following responsibilities:
(1) When the company cannot be established, it shall be jointly and severally liable for the debts and expenses arising from the establishment;
(2) When the company cannot be established, it shall be jointly and severally liable for the return of the share capital paid by the subscribers, plus the interest on the bank deposits for the same period;
(3) If the interests of the company are damaged due to the fault of the promoters during the establishment of the company, it shall be liable for compensation.