legal ground
Article 11 of the Company Law of People's Republic of China (PRC) * * * To establish a company, the articles of association must be formulated according to law. The Articles of Association are binding on the Company, shareholders, directors, supervisors and senior management. Article 125 of People's Republic of China (PRC) Company Law The capital of a joint stock limited company is divided into shares, and the amount of each share is equal. The shares of the company take the form of shares. A stock is a certificate issued by a company to prove the shares held by shareholders.