Two-thirds voting rights

Legal analysis: a limited liability company must be approved by shareholders holding more than two thirds of the voting rights, and a joint stock limited company must be approved by shareholders attending the shareholders' meeting. The number of shares held by shareholders is particularly important for their own rights and will also have great advantages in voting rights. The company should carefully obtain the consent of all shareholders when deciding anything, so as to better protect its legitimate rights and interests and avoid any harm.

Legal basis: People's Republic of China (PRC) Company Law.

Article 181 A company may survive by amending its articles of association under the circumstances specified in Item (1) of Article 180 of this Law. To amend the Articles of Association in accordance with the provisions of the preceding paragraph, a limited liability company must be approved by shareholders holding more than two thirds of the voting rights, and a joint stock limited company must be approved by shareholders attending the shareholders' meeting.

Article 103 Shareholders attending the shareholders' meeting shall have one vote for each share they hold. However, the shares of the company held by the company have no voting rights. The resolution of the shareholders' meeting must be passed by more than half of the voting rights held by the shareholders present at the meeting. However, the resolutions of the shareholders' meeting to amend the Articles of Association, increase or decrease the registered capital, and the resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by more than two thirds of the voting rights held by the shareholders present at the meeting.