Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property.
Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
Article 465 of the Civil Code of People's Republic of China (PRC) * * * Contracts established according to law shall be protected by law.
A legally established contract is legally binding only on the parties, except as otherwise provided by law.