What are the procedures and conditions of share transfer?

Transfer of shares of the company: between shareholders of the company. Article 35 of the Company Law of People's Republic of China (PRC) stipulates: "Under the same conditions, other shareholders have the preemptive right to the capital contribution that shareholders agree to transfer." 2. Transfer shares to others other than shareholders. 1. When shareholders of a limited liability company transfer shares to people other than shareholders, they must obtain the consent of more than half of all shareholders; 2. Shareholders who disagree with the transfer shall purchase the transferred shares. Neither agreeing to the transfer nor purchasing the transferred capital contribution shall be deemed as agreeing to the transfer. This procedural provision is not to restrict the transfer of shares, but to protect the preemptive right of other shareholders. Procedures for shareholders to transfer shares: 1. Shareholders who want to transfer their shares to other shareholders shall submit an application for share transfer, which shall specify the name of the transferee, the number of shares to be transferred, the price to be transferred and the effective period of other shareholders' preemptive rights, especially the "effective period of other shareholders' preemptive rights" should be a reasonable period, and the length of time should enable other shareholders to convene a general meeting of shareholders and raise corresponding purchase funds. 2. Other shareholders shall convene a general meeting of shareholders to vote on whether to exercise the preemptive right within the validity period of the preemptive right; 3. Shareholders who decide to purchase shall contribute to the purchase within the effective time after voting. Where a shareholder expresses his purchase but delays the contribution, the validity of the preemptive right expires, which shall be deemed as a waiver of the preemptive right. 4. If other shareholders do not convene a shareholders' meeting or convene a shareholders' meeting, but no shareholder is willing to buy it, it will be regarded as giving up the preemptive right and shareholders can transfer their shares to the outside world.