Legal basis: Article 182 of the Company Law of People's Republic of China (PRC) has serious difficulties in the operation and management of the company, the continuation of which will cause great losses to shareholders' rights. If it cannot be solved by other means, shareholders holding more than 10% of all shareholders' voting rights of the company may request the people's court to dissolve the company. Article 185 Paragraph 1 The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group.