2. It is invalid for directors and senior managers to provide guarantees for others with company property without the consent of the shareholders' meeting, shareholders' meeting or the board of directors in violation of the articles of association.
Legal basis: Article 16 of the Company Law of People's Republic of China (PRC) stipulates that if a company invests in other enterprises or provides guarantees for others, it shall be decided by the board of directors or the general meeting of shareholders in accordance with the provisions of the articles of association; Where the articles of association stipulate limits on the total amount of investment or guarantee and the amount of individual investment or guarantee, it shall not exceed the prescribed limits.