Can shareholders sue the company?

Shareholders who meet certain conditions can sue the company. According to relevant regulations, if the directors and senior managers of the company harm the interests of shareholders, shareholders can bring a lawsuit to the people's court. The continued existence of the company will cause great losses to the interests of shareholders. Shareholders who meet the statutory requirements may request the people's court to dissolve the company.

legal ground

Article 152 of the Company Law of People's Republic of China (PRC)

Where a director or senior manager violates laws, administrative regulations or the provisions of the company's articles of association and damages the interests of shareholders, shareholders may bring a lawsuit to the people's court.

Article 182

Serious difficulties have occurred in the company's operation and management, and its continued existence will cause great losses to the interests of shareholders. If it cannot be solved by other means, shareholders holding more than 0/0% of the voting rights of all shareholders of the company may request the people's court to dissolve the company.