Can the company buy back shareholders' equity?

Under normal circumstances, companies are not allowed to buy back shareholders' shares. Of course, under some special circumstances, China laws allow companies to buy back shareholders' shares. The company can buy back shareholders' equity: 1. A limited liability company can buy back shareholders' rights and interests: ① the company has made profits for five consecutive years but has not distributed profits to shareholders; (2) merger, division and transfer of major property of the company; (3) If the reasons for dissolution stipulated in the Articles of Association arise, the shareholders' meeting will amend the Articles of Association and the company will continue to operate.