Legal basis: People's Republic of China (PRC) Company Law.
Article 81 Where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all sponsors registered at the company registration authority. The initial contribution of all promoters of the company shall not be less than 20% of the registered capital, and the rest shall be fully paid by the promoters within two years from the date of establishment of the company; Among them, the investment company can pay in full within five years. No shares may be sold to others before the full amount of shares has been paid. Where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority. The minimum registered capital of a joint stock limited company is RMB 5 million. Where laws and administrative regulations have higher provisions on the minimum registered capital of a joint stock limited company, those provisions shall prevail.
Article 82 The articles of association of a joint stock limited company shall specify the following items: (1) the name and domicile of the company; (2) The business scope of the company; (3) The mode of establishment of the company; (4) The total number of shares, the amount of each share and the registered capital of the company. (five) the name of the promoters, the number of shares subscribed, the mode and time of capital contribution; (6) The composition, powers and rules of procedure of the board of directors; (7) The legal representative of the company; (8) Composition, powers and rules of procedure of the board of supervisors. (9) Measures for profit distribution of the company; (10) Reasons for the dissolution of the company and liquidation methods. (eleven) the company's notice and announcement; (12) Other matters that need to be stipulated by the shareholders' meeting.