Legal basis: Reasons for dissolution of People's Republic of China (PRC) Company Article 180 The company is dissolved due to the following reasons: (1) The business term stipulated in the articles of association expires or other reasons for dissolution stipulated in the articles of association appear; (2) The shareholders' meeting or shareholders' meeting decides to dissolve; (3) The company needs to be dissolved due to merger or division; (4) The business license is revoked, ordered to close down or revoked according to law; (5) The people's court is dissolved in accordance with the provisions of Article 182 of this Law.