Legal analysis
Shareholders' meetings are mainly divided into annual meetings and extraordinary shareholders' meetings. Regular meetings of shareholders' meetings, also called annual meetings of shareholders, are usually held once a year, usually within six months after the end of each fiscal year. Because the convening of regular shareholders' meetings is mostly mandatory by law, countries around the world generally do not make too many specific provisions on the conditions for convening meetings. The contents of the annual shareholders' meeting mainly include reviewing the annual work reports of the board of directors and the board of supervisors, reviewing the annual financial budget and final accounts of the company, reviewing the dividend plan, electing directors, amending the articles of association, discussing the company's capital increase or decrease and other routine matters of the shareholders' meeting. An interim meeting of shareholders' general meeting usually refers to the relevant shareholders' general meeting convened temporarily because there is no way to wait until the annual meeting of shareholders' general meeting because of major issues involving the interests of the company and shareholders. Regarding the conditions for convening an extraordinary shareholders' meeting, there are mainly three legislative styles: enumerated, abstract and combined.
legal ground
Article 37 of the Company Law of People's Republic of China (PRC) * * * The shareholders' meeting shall exercise the following functions and powers: (1) To decide on the company's business policy and investment plan; (2) Electing and replacing directors and supervisors who are not employee representatives, and deciding on the remuneration of directors and supervisors; (3) Examining and approving the report of the board of directors; (4) Examining and approving the reports of the board of supervisors or supervisors; (5) To examine and approve the annual financial budget plan and final accounts plan of the company; (VI) To examine and approve the company's profit distribution plan and loss recovery plan; (7) To make resolutions on the increase or decrease of the registered capital of the company; (8) To make resolutions on the issuance of corporate bonds. (9) To make resolutions on the merger, division, dissolution, liquidation or change of corporate form of the company; (10) Amending the Articles of Association. (eleven) other functions and powers stipulated in the articles of association. Where the shareholders unanimously agree to the matters listed in the preceding paragraph in writing, they may make a decision directly without convening a general meeting of shareholders, and all shareholders shall sign and seal the decision document.