Whether a Hong Kong company has the right to transfer its shares in mainland companies depends on the number of voting rights required to transfer the company's main assets according to the articles of association of the Hong Kong company. In general, it is decided by a two-thirds majority. Your shares only account for 16%. Obviously, if other shareholders want to transfer assets, your right to vote may be ignored and have no effect. However, as a shareholder, you still have the right to benefit from the proceeds after the transfer of assets. Don't complicate simple things. Equity transfer is in the mainland, but the criterion for judging whether the decision-making power is established is the application of Hong Kong laws.
Legal objectivity:
Article 30 of the Company Law of People's Republic of China (PRC) * * * A withholding agent shall perform the obligation of withholding and collecting taxes in accordance with the provisions of laws and administrative regulations. The tax authorities shall not require units and individuals that have no obligation to withhold or collect taxes according to laws and administrative regulations. When withholding agents perform their obligations according to law, taxpayers shall not refuse to withhold or collect taxes. If the taxpayer refuses, the withholding agent shall promptly report to the tax authorities for handling. The tax authorities shall, in accordance with the provisions, pay the withholding agents the handling fees for withholding and collecting and remitting.