Common use of Shareholders Level Clause in Contracts

Shareholders Level. A unanimous shareholders approval would be required if the shareholders would like to amend or revise the articles of association of the Domestic Company; · For the following Key Matters that fall under shareholders meeting’s authority (requiring two-third affirmative votes) under the PRC Company Law, without the recommendation of the board to the shareholder’ meeting to approve such Key Matters, the shareholders meeting shall not discuss or resolve or vote on such matters: (a) any increase or deduction of the registered capital of the Domestic Company.