Company equity cannot be used for fixed-price capital contribution.

The company's equity can be invested at a fixed price. Non-monetary property as capital contribution shall be evaluated and verified, and its value shall not be overestimated or underestimated. Shareholders shall pay their respective subscribed capital contributions in full and on time in accordance with the Articles of Association. Where non-monetary property is used as capital contribution, the formalities for the transfer of property rights shall be handled according to law.

legal ground

Article 27 of the Company Law of People's Republic of China (PRC)

Shareholders can make capital contributions in currency, or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in currency and transferred according to law; However, except for the property that cannot be used as capital contribution as stipulated by laws and administrative regulations.

Non-monetary property as capital contribution shall be evaluated and verified, and its value shall not be overestimated or underestimated. Where there are provisions in laws and administrative regulations on evaluation and pricing, those provisions shall prevail.