1. The resolutions of the shareholders' meeting to amend the Articles of Association, increase or decrease the registered capital, and the resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by more than two thirds of the voting rights held by the shareholders present at the meeting. 2. The shareholders' meeting shall make a resolution to amend the Articles of Association, increase or decrease the registered capital. The resolution on merger, division, dissolution or change of corporate form of the company must be passed by shareholders representing more than two thirds of the voting rights. 3. If a listed company purchases or sells major assets within one year or the amount of guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting, which shall be passed by more than two thirds of the voting rights held by the shareholders present at the meeting. 4. In case of the circumstance specified in Item (1) of Article 181 of the Company Law (the business term specified in the Articles of Association expires or other reasons for dissolution specified in the Articles of Association appear), it can survive by modifying the Articles of Association. To amend the Articles of Association in accordance with the provisions of the preceding paragraph, a limited liability company must be approved by shareholders holding more than two thirds of the voting rights, and a joint stock limited company must be approved by shareholders attending the shareholders' meeting. To sum up, the number of shares held by shareholders is particularly important for their own rights and will have a great advantage in voting rights. The company should carefully obtain the consent of all shareholders when deciding anything, so as to better protect its legitimate rights and interests, so as not to be harmed.
Legal objectivity:
Article 103 of the Company Law of People's Republic of China (PRC) * * * Shareholders attend the shareholders' meeting, and each share they hold has one vote. However, the shares of the company held by the company have no voting rights. The resolution of the shareholders' meeting must be passed by more than half of the voting rights held by the shareholders present at the meeting. However, the resolutions of the shareholders' meeting to amend the Articles of Association, increase or decrease the registered capital, and the resolutions of the company's merger, division, dissolution or change of corporate form must be adopted by more than two thirds of the voting rights held by the shareholders present at the meeting.