What is the company's equity transfer process?

1, the transferee company shall first convene a general meeting of shareholders to study the feasibility of equity acquisition and analyze whether the purpose of equity acquisition is in line with the company's strategic development. 2. Hire a lawyer to conduct legal due diligence. 3. The transferor and the transferee shall conduct substantive consultation and negotiation. 4. Evaluation and capital verification. Private limited companies can also negotiate to determine equity transfer price. 5. The company with equity transfer holds a shareholders' meeting and forms an effective resolution on equity transfer at the shareholders' meeting. 6. The equity transfer between shareholders does not need the approval of the shareholders' meeting, as long as the company and other shareholders are notified. Where the equity is transferred to a third party other than the shareholders, the shareholders who transfer the equity shall apply to the board of directors of the company, and the board of directors shall submit it to the shareholders' meeting for discussion and voting, and form an effective resolution of the shareholders' meeting. A shareholder who waives the preemptive right when the equity is transferred to a third party shall issue a commitment or proof of waiver. 7. Equity transferor and transferee sign equity transfer agreement. 8. Convene a new shareholders' meeting, and with the consent of the new shareholders' meeting, appoint new shareholders to hold relevant positions. The voting proportion and voting method shall comply with the provisions of the Articles of Association, and the shareholders attending the meeting shall sign and seal the resolutions of the shareholders' meeting. 9. Change the company's register of shareholders, cancel the original register of shareholders, record the name, domicile and transferred capital contribution of new shareholders in the register of shareholders, and amend the company's articles of association accordingly. 10. Go through the industrial and commercial change registration with the administrative department for industry and commerce, and change the newly revised articles of association, shareholders and their capital contributions. Article 71 of People's Republic of China (PRC) Company Law Shareholders of a limited liability company may transfer all or part of their shares to each other. Shareholders' transfer of equity to persons other than shareholders shall be approved by more than half of other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity; Do not buy, as agreed to transfer. With the consent of shareholders, under the same conditions, other shareholders have the preemptive right to the transferred equity. If two or more shareholders claim to exercise the preemptive right, their respective purchase proportions shall be determined through consultation; If negotiation fails, the preemptive right shall be exercised in accordance with their respective investment proportions at the time of transfer. Where there are other provisions on equity transfer in the articles of association, such provisions shall prevail.