Under the equity agency system, the persons included in the shares are hereinafter referred to as shareholders, and the core shareholders are 5- 10. Minority shareholders must entrust these people to exercise their legitimate shareholder rights in order to improve decision-making efficiency and reduce management costs.
Legal basis: People's Republic of China (PRC) Company Law.
Article 89. After the share capital of the issued shares is paid in full, it must be verified by a legally established capital verification institution and issued with a certificate. The promoters shall preside over the founding meeting of the company within 30 days from the date of full payment of the shares. The founding meeting consists of sponsors and subscribers.
If the issued shares have not been fully raised within the time limit stipulated in the prospectus, or if the promoters fail to convene the founding meeting within 30 days after the full payment of the shares, the subscribers may require the promoters to return the shares according to the paid shares plus the bank deposit interest for the same period.
Article 125 The capital of a joint stock limited company is divided into shares, each with the same amount.
The shares of the company take the form of shares. A stock is a certificate issued by a company to prove the shares held by shareholders.
Article 126 Stock issuance shall follow the principle of fairness and justice, and each share of the same class shall enjoy the same rights.
For the same class of shares issued at the same time, the issuance conditions and prices of each share shall be the same; Any unit or individual shall pay the same price for each share subscribed.