Legal analysis:
Generally speaking, the legal representative of a company does not necessarily need to hold shares in the company. Who is the legal representative is usually decided by the shareholders' meeting. If a legal person refers to a natural person rather than a company, it should refer to the legal representative. According to the laws of China, the legal representative can be the chairman, executive director or manager of the company. Generally speaking, you only need to represent the company when you want to sign or make major decisions.
Legal basis:
According to Article 13 of the Company Law of People's Republic of China (PRC), the legal representative of the company serves as the chairman, executive director or manager in accordance with the articles of association and is registered according to law. Where the legal representative of the company changes, it shall go through the registration of change.