Can the company refund money to shareholders after reducing its capital?

Legal analysis: shareholders can't recover their capital contribution after the company reduces its capital. After the establishment of the company, shareholders may not withdraw their capital contribution. According to this regulation, shareholders can not withdraw their shares, but they can transfer their shares.

Legal basis: People's Republic of China (PRC) Company Law.

Article 29 After a shareholder has paid the capital contribution specified in the Articles of Association in full, the representative designated by all shareholders or the agent entrusted by all shareholders shall submit the application for company registration, the Articles of Association and other documents to the company registration authority to apply for registration of establishment.

Article 30 After the establishment of a limited liability company, if it is found that the actual price of non-monetary property contributed by the company is obviously lower than the amount stipulated in the company's articles of association, the contributing shareholders shall make up the difference; When the company is established, other shareholders shall bear joint and several liabilities.