The shareholders' meeting of listed companies is considering what circumstances need two-thirds approval.

Legal analysis: if the company provides guarantee for the shareholders or actual controllers of the company, it must be resolved by the shareholders' meeting or the shareholders' meeting. Shareholders specified in the preceding paragraph or shareholders controlled by actual controllers specified in the preceding paragraph shall not participate in voting on matters specified in the preceding paragraph. The voting shall be passed by more than half of the voting rights held by other shareholders present at the meeting. Shareholders' transfer of equity to persons other than shareholders shall be approved by more than half of other shareholders. Resolutions of the shareholders' general meeting to amend the Articles of Association, increase or decrease the registered capital, and resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by more than two thirds of the voting rights held by shareholders present at the meeting.

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

Article 44 The resolutions of the shareholders' meeting to amend the Articles of Association, increase or decrease the registered capital, and the resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by shareholders representing more than two thirds of the voting rights.

Article 120 If a listed company purchases or sells major assets within one year, or the amount of guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting, which shall be passed by more than two thirds of the voting rights held by the shareholders present at the meeting.

Article 182 When the business term stipulated in the articles of association of a limited liability company or a joint stock limited company expires, it shall be retained through a resolution to amend the articles of association. More than two thirds of the limited liability shareholders with voting rights and more than two thirds of the limited liability shareholders with voting rights attended the meeting.

Measures for the administration of securities issuance of listed companies

Article 26 If the prospectus stipulates that the conversion price shall be lowered, it shall also be stipulated that: (-) The revision plan of the conversion price shall be submitted to the shareholders' meeting of the company for voting, and it shall be agreed by more than two thirds of the voting rights held by the shareholders present at the meeting.

Article 44 A resolution on the issuance of securities at the shareholders' meeting shall be adopted by more than two thirds of the voting rights held by the shareholders present at the meeting.