What is the resolution procedure of the board of directors?

Legal analysis: the resolution of the board of directors adopts one person, one vote. The discussion methods and voting procedures of the board of directors of a limited liability company shall be stipulated in the articles of association, unless otherwise stipulated by the company law. In a joint-stock company, the board meeting can only be held when more than half of the directors are present. Resolutions made by the board of directors must be passed by more than half of all directors.

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

Article 3 A company is an enterprise legal person, which has independent legal person property and enjoys legal person property rights. The company is liable for its debts with all its property.

Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.

Article 4 Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.

Article 5 A company engaged in business activities must abide by laws, administrative regulations, social ethics and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities.

The legitimate rights and interests of the company are protected by law and shall not be infringed.