The shareholders' meeting is the authority of a joint stock limited company, which is composed of all shareholders. Articles 98 and 99 of the Company Law stipulate the functions and powers of the shareholders' meeting. Article 98 The shareholders' meeting of a joint stock limited company shall be composed of all shareholders. The shareholders' meeting is the authority of the company and exercises its functions and powers in accordance with this Law. Article 99 The provisions of the first paragraph of Article 37 of this Law concerning the functions and powers of the shareholders' meeting of a limited liability company shall apply to the shareholders' meeting of a joint stock limited company. The above-mentioned shareholders' meeting is the authority of a limited liability company, and its functions and powers are stipulated in Article 37 of the Company Law. The first paragraph reads as follows. Article 37 The shareholders' meeting shall exercise the following functions and powers: (1) To decide on the company's business policy and investment plan; (2) Electing and replacing directors and supervisors who are not employee representatives, and deciding on the remuneration of directors and supervisors; (3) Examining and approving the report of the board of directors; (4) Examining and approving the reports of the board of supervisors or supervisors; (5) To examine and approve the annual financial budget plan and final accounts plan of the company; (VI) To examine and approve the company's profit distribution plan and loss recovery plan; (7) To make resolutions on the increase or decrease of the registered capital of the company; (8) To make resolutions on the issuance of corporate bonds. (9) To make resolutions on the merger, division, dissolution, liquidation or change of corporate form of the company; (10) Amending the Articles of Association. (eleven) other functions and powers stipulated in the articles of association. Where the shareholders unanimously agree to the matters listed in the preceding paragraph in writing, they may make a decision directly without convening a general meeting of shareholders, and all shareholders shall sign and seal the decision document.
Legal objectivity:
Company Law of the People's Republic of China
Article 98
The shareholders' meeting of a joint stock limited company is composed of all shareholders. The shareholders' meeting is the authority of the company and exercises its functions and powers in accordance with this Law.
Company Law of the People's Republic of China
Article 99
The provisions of the first paragraph of Article 37 of this Law on the functions and powers of the shareholders' meeting of a limited liability company shall apply to the shareholders' meeting of a joint stock limited company.
Company Law of the People's Republic of China
Article 100
The general meeting of shareholders shall hold an annual meeting every year. In any of the following circumstances, an extraordinary general meeting of shareholders shall be held within two months:
(1) When the number of directors is less than two thirds of the number stipulated in this Law or the articles of association.
(2) When the company's uncompensated losses reach one third of the total paid-in share capital;
(3) The request of shareholders who individually or collectively hold more than 0/0% of the shares of the company/KLOC.
(4) When the board of directors deems it necessary;
(5) The time proposed by the board of supervisors.
(6) Other circumstances stipulated in the Articles of Association.