Unlisted joint stock limited company refers to a joint stock limited company that is not listed and traded on the stock exchange. Its enterprise nature belongs to private enterprises, that is, enterprises established by individuals or minority shareholders. Compared with listed companies, the shares of unlisted joint stock limited companies are not publicly traded, and the transfer of shares between shareholders is more flexible and free. This enterprise form is usually suitable for small-scale enterprises with relatively narrow business scope, and its ownership and management rights are mainly held by minority shareholders. Unlisted joint stock limited companies enjoy the status of independent legal person in law, and have the ability to independently bear debts and enjoy rights and interests.