Dissentient Shareholder Buyback Rights

The appraisal right of dissent shareholders means the capital based on the majority of the General Assembly vote on the company's major initiatives to make a resolution to oppose major changes in the company of a small number of these shareholders have the right to object to the request of the company and enjoy a fair price to foreclosure their shares and thus the right to withdraw from the company.The appraisal right of dissent shareholders in the nature of the right of self-benefit, solid right, and the formation of a separate right of shareholders, the system of capital to make up the majority of traditional principles and the lack of capital to maintain the principle is to prohibit the company made an exception to its own shares, and improve protection system of the small and medium-sized shareholders, while also promoting the company's operation and management. Non-voting shareholders to obtain shares of inheritance following the investment by shareholders and the shareholders of flaws in the system should be given the right of the main qualifications. About the resolution of shareholders will be the majority shareholder and the company together as the main obligations of the system. The object of appraisal right of dissent shareholders is the shares, rather than repurchase behavior, but can not be used as the object of preference shares, the state shares, legal person shares and individual shares can be used as the object. The appraisal right of dissent shareholders in the exercise of the principles should include the subjective good faith should be, without prejudice to the legitimate interests of other subjects and can not be other ways to effectively address the three areas. Applicable to the case should include the company's merger with the separation, transfer of the main property, to amend the Articles of Association and company conduct business in four areas of major change. China's companies must be made clear that the application of legislative matters, the right to the main scope of the exercise of the rights of specific procedures, mechanisms and transformation of the provisions of the exemption, as well as failures in order to improve China's The appraisal right of dissent shareholders in the system.