Legal analysis: 1. A limited company is changed into a joint-stock company or a joint-stock company is established, provided that there are 2-200 promoters; 2. The total amount of capital subscribed by all promoters or the total amount of paid-in capital raised in accordance with the articles of association; 3. The issuance and preparation of shares are in compliance with the law; 4. The promoters shall formulate the articles of association of the company, and the company established by offering shall be approved by the founding meeting; 5. Having a company name and establishing an organization meeting the requirements of the joint-stock company; 6. Have a company residence.
Legal basis: Article 76 of the Company Law of People's Republic of China (PRC) shall meet the following conditions for the establishment of a joint stock limited company:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply with the law;
(4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting;
(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
(6) Having a company domicile.