Conditions for establishing a holding company limited

The holding company meets one of the following conditions: controlling the composition of the board of directors of another legal person company, and the requirements vary from place to place. If a company controls more than half of the voting rights of another legal person company and more than half of the issued share capital of another legal person company, if a part of its share capital is not entitled to share more than a certain amount when distributing profits or capital, that part shall not be included in the share capital.

Legal basis: Article 76 of the Company Law of People's Republic of China (PRC) shall meet the following conditions for the establishment of a joint stock limited company:

(1) The promoters meet the quorum.

(2) Having the total capital subscribed by all promoters or the total paid-in capital raised in accordance with the articles of association.

(3) The issuance and preparation of shares comply with the law.

(4) The Articles of Association shall be formulated by the promoters, established by way of subscription and approved by the founding meeting.

(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company.

(6) Having a company domicile.