What is an extraordinary general meeting of shareholders?

Legal analysis: The extraordinary shareholders' meeting refers to the extraordinary shareholders' meeting convened temporarily between the two annual shareholders' meetings according to legal reasons to decide the major issues that the company needs shareholders to vote temporarily.

Legal basis: Article 101 of the Company Law of People's Republic of China (PRC) shall convene a shareholders' meeting within two months under any of the following circumstances:

(1) When the number of directors is less than two thirds of the number stipulated in this Law or the articles of association.

(2) When the company's uncompensated losses reach one third of the total paid-in share capital;

(3) The request of shareholders who individually or collectively hold more than 0/0% of the shares of the company/KLOC.

(4) When the board of directors deems it necessary;

(5) The time proposed by the board of supervisors.

(6) Other circumstances stipulated in the Articles of Association.