Those who use patent rights to invest in shares must evaluate the valuation and verify the property, and shall not overestimate or underestimate the valuation. The company's profit distribution plan shall be stipulated in the company's articles of association or decided by the shareholders' meeting. Generally distributed according to the number of shares held.
Article 27 of the "Company Law" Shareholders can make capital contributions in currency, or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in currency and can be transferred in accordance with the law; however, , except for property that cannot be used as capital contribution according to laws and administrative regulations.
Non-monetary property used as capital contribution shall be evaluated and verified, and the property shall not be overvalued or undervalued. If laws and administrative regulations have provisions on valuation and valuation, those provisions shall prevail.
Article 46 The Board of Directors is responsible to the shareholders’ meeting and exercises the following powers:
Convenes the shareholders’ meeting and reports its work to the shareholders’ meeting;
Executes the shareholders’ meeting
Determine the company's business plan and investment plan;
Formulate the company's annual financial budget plan and final accounts plan;
Formulate the company's profit distribution plans and loss making up plans;
Formulate plans for the company to increase or reduce its registered capital and issue corporate bonds;
Formulate plans for company mergers, divisions, dissolution or changes in company form;
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Determine the establishment of the company's internal management organization;
Decide on the appointment or dismissal of the company's manager and his remuneration, and decide on the appointment or dismissal of the company's deputy manager, financial director and their remuneration based on the manager's nomination Matters;
Develop the company's basic management system;
Other powers stipulated in the company's articles of association.