1. Convene a general meeting of shareholders and pass the transfer resolution;
2. Sign the transfer agreement;
3. issue an announcement;
4. Liquidate the company's assets, creditor's rights and debts;
5. Go through the transfer formalities at the Industrial and Commercial Bureau, Quality Supervision Bureau and Tax Bureau.
Legal basis: Article 545th of the Civil Code of People's Republic of China (PRC). A creditor may assign all or part of its creditor's rights to a third party, except in any of the following circumstances:
(a) according to the nature of the creditor's rights shall not be transferred;
(two) according to the agreement of the parties shall not be transferred;
(3) It shall not be transferred according to law.
If the parties agree that the non-monetary creditor's rights cannot be transferred, they may not confront a bona fide third party. If the parties agree that the creditor's rights are not transferable, they may not oppose a third party.