How to stipulate one-vote veto in the company's articles of association

The major shareholder of 1. Co., Ltd. stipulates in the company's articles of association that it has one vote to veto a certain matter, and the company shall not make a resolution on the matter without its own consent.

2. The major shareholder of a limited company stipulates in the articles of association that he/she has one vote of veto on the matters discussed by the board of directors.

3. The major shareholder of a limited company stipulates in the articles of association that if the directors are divided into two factions with different opinions and the number of both parties is the same, the chairman can vote again at this time.

Legal basis:

Article 111 of the Company Law of People's Republic of China (PRC), the meeting of the board of directors shall be held only when more than half of the directors are present. Resolutions made by the board of directors must be passed by more than half of all directors. The board of directors decided to implement the one-person-one-vote system.