Equity and decision-making power

Legal analysis: the highest decision-making body of the company is the shareholders' meeting. There are two situations in which a shareholder can hold a company: 1, absolute holding, that is, the equity exceeds 50%; 2. Relatively holding, the equity is less than 50%, but it is the largest shareholder (such as shareholders A, B and C, with equity of 40%, 35% and 25% respectively).

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

Article 98 The shareholders' meeting of a joint stock limited company shall be composed of all shareholders. The shareholders' meeting is the authority of the company and exercises its functions and powers in accordance with this Law.

Article 99 The provisions of the first paragraph of Article 37 of this Law concerning the functions and powers of the shareholders' meeting of a limited liability company shall apply to the shareholders' meeting of a joint stock limited company.