Legal analysis: the promoters of a joint stock limited company, also known as promoters, refer to those who have entered into a promoter agreement, applied for the establishment of a company, subscribed for the shares of the company and assumed responsibility for the establishment of the company in accordance with relevant laws and regulations. The promoters of a joint stock limited company shall bear the following responsibilities: (1) When the company cannot be established, they shall be jointly and severally liable for the debts and expenses arising from the establishment; (2) When the company cannot be established, it shall be jointly and severally liable for returning the shares paid by the subscribers and adding interest on the bank deposits in the same period; (3) In the process of company establishment, if the interests of the company are damaged due to the fault of the promoters, they shall be liable for compensation.
Legal basis: Article 79 of the Company Law of People's Republic of China (PRC). The promoters of a joint stock limited company shall undertake the preparatory work of the company. The promoters shall sign a promoter agreement to clarify their respective rights and obligations during the establishment of the company.