Provisions of the company's statutory reserve fund: the statutory reserve fund shall be withdrawn, and the withdrawal ratio shall be 10%. The accumulated amount of statutory common reserve fund is more than 50% of the registered capital of the company, and may not be withdrawn. According to relevant laws and regulations, statutory provident fund can make up for losses.
Legal objectivity:
Article 175 of the Company Law When a company is divided, its property shall be divided accordingly. When the company is divided, it shall prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the resolution of separation, and make an announcement in the newspaper within 30 days. Article 176 The debts of the company before division shall be jointly and severally liable by the company after division. However, unless the company and creditors reach a written agreement on debt settlement before division.