Legal basis: People's Republic of China (PRC) Company Law.
Article 48 Unless otherwise provided by this Law, the methods of discussion and voting procedures of the board of directors shall be stipulated in the company's articles of association. The board of directors shall make minutes of the decisions on the matters discussed, and the directors present at the meeting shall sign the minutes. The board of directors decided to implement the one-person-one-vote system.
Article 43 The discussion methods and voting procedures of the shareholders' meeting shall be stipulated in the articles of association of the company, unless otherwise stipulated in this Law. The shareholders' meeting shall make resolutions on amending the Articles of Association, increasing or decreasing the registered capital, and on the merger, division, dissolution or change of corporate form of the company, which must be approved by shareholders representing more than two thirds of the voting rights.