No, the liquidation process of shareholder withdrawal is as follows: 1. According to the Company Law of People's Republic of China (PRC), shareholders may not withdraw their shares directly. If shareholders want to withdraw their shares, they need to transfer their shares, reduce their capital or liquidate the company. 2. Formulate liquidation plan. 3. The liquidation plan of the Company shall be confirmed by the shareholders' meeting or approved by relevant departments. The joint-stock company needs to submit the liquidation plan to the shareholders' meeting for approval; A limited liability company shall be submitted to the shareholders' meeting for approval. 4. If the liquidation group finds that there are outstanding debts when making liquidation financial statements, and the company is unable to repay the debts, the liquidation group shall immediately apply to the local people's court for bankruptcy. How much you put in, how much you withdraw. If the withdrawal of shares conforms to the procedures stipulated in the Company Law, it is better to deal with how much the returned shares are converted into.
Legal basis:
Article 74 of the Company Law of People's Republic of China (PRC) is under any of the following circumstances, the shareholders who voted against the resolution of the shareholders' meeting may request the company to purchase its equity at a reasonable price:
(a) the company has not distributed profits to shareholders for five consecutive years, but the company has made profits for five consecutive years and meets the conditions for distributing profits as stipulated in this Law;
(2) The merger, division or transfer of the company's main property;
(3) Upon the expiration of the business term stipulated in the Articles of Association or other reasons for dissolution stipulated in the Articles of Association, the shareholders' meeting will adopt a resolution to amend the Articles of Association to make the Company survive.
If the shareholders and the company fail to reach an equity purchase agreement within 60 days from the date of adoption of the resolution of the general meeting of shareholders, the shareholders may bring a lawsuit to the people's court within 90 days from the date of adoption of the resolution of the general meeting of shareholders.