1. The sponsors meet the quorum.
2. The share capital subscribed and raised by the promoters reaches the minimum statutory capital.
3. The issuance and preparation of shares are in compliance with the law.
4. The promoters shall formulate articles of association, and the establishment by way of subscription shall be approved by the founding meeting.
5. Have a company name and establish an organization that meets the requirements of a joint stock limited company.
6. Have a company residence.