Legal basis: Article 16 of the Company Law of People's Republic of China (PRC), if a company invests in other enterprises or provides guarantees for others, according to the articles of association, the total amount of investment or guarantee and the amount of individual investment or guarantee shall be determined by the board of directors or the shareholders' meeting, and shall not exceed the prescribed limit. Where a company provides a guarantee for the company's shareholders or actual controllers, it must be resolved by the shareholders' meeting or the shareholders' meeting. Shareholders specified in the preceding paragraph or shareholders controlled by actual controllers specified in the preceding paragraph shall not participate in voting on matters specified in the preceding paragraph. The voting shall be passed by more than half of the voting rights held by other shareholders present at the meeting.