What are the restrictive provisions on reinvestment of limited liability companies in China's company law?

China's "Company Law" clearly stipulates: "Shares held in the form of equity can be transferred according to law." However, the company law also has the following restrictions on share transfer: 1. The shares of the company held by the promoters shall not be transferred within one year from the date of establishment of the company. 2. The directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares. 3. The transfer of state-owned shares shall be handled in accordance with the provisions of laws and administrative regulations. 4. Except in statutory circumstances, the company shall not be the transferee of its shares, nor shall it accept its shares as the subject matter of mortgage. 5. During the legal "stop transfer period", shareholders may not transfer their shares. According to Article 140 of the Company Law, the change registration of the shareholders' register specified in the preceding paragraph shall not be carried out within 20 days before the shareholders' general meeting or five days before the benchmark date for the company to decide to distribute dividends. However, if there are other provisions in the law on the registration of changes in the register of shareholders of listed companies, those provisions shall prevail. 6. State-owned enterprises must abide by the relevant provisions of the state when buying and selling listed stocks. Article 83 of China's Securities Law stipulates: "State-owned enterprises and enterprises controlled by state-owned assets must abide by the relevant provisions of the state when buying and selling listed stocks." The above-mentioned personnel shall not transfer their shares in the company within six months after leaving the company. The articles of association may make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company.