In Article 38 of the Company Law of People's Republic of China (PRC), the shareholders' meeting shall exercise the following functions and powers:
(2) Electing and replacing directors and supervisors who are not employee representatives, and deciding on the remuneration of directors and supervisors.
The formation process of directors and supervisors can be specified in the articles of association, but the articles of association cannot violate the company law.
Moreover, the replacement of directors and supervisors through the election of shareholders' meeting is also a prerequisite for going to the industrial and commercial bureau to change the record.