Does the company have to set up a shareholders meeting?

Legal analysis: not necessarily. 1. A limited liability company has a shareholders' meeting; 2. A company limited by shareholders, with a shareholders' meeting; 3. One-person limited liability company without shareholders' meeting; 4. Wholly state-owned enterprises have no shareholders' meeting.

Legal basis: People's Republic of China (PRC) Company Law.

Article 99 The provisions of the first paragraph of Article 37 of this Law concerning the functions and powers of the shareholders' meeting of a limited liability company shall apply to the shareholders' meeting of a joint stock limited company.

Article 100 The shareholders' meeting shall hold an annual meeting every year. In any of the following circumstances, an extraordinary general meeting of shareholders shall be held within two months:

(1) When the number of directors is less than two thirds of the number stipulated in this Law or the articles of association.

(2) When the company's uncompensated losses reach one third of the total paid-in share capital;

(3) The request of shareholders who individually or collectively hold more than 0/0% of the shares of the company/KLOC.

(4) When the board of directors deems it necessary;

(5) The time proposed by the board of supervisors.

(6) Other circumstances stipulated in the Articles of Association.