Difference Between Extraordinary General Meeting and Annual General Meeting

Extraordinary general meeting refers to an irregular general meeting of shareholders convened temporarily between two annual general meetings of shareholders for statutory reasons to decide on major matters of the company that require shareholders' voting on a temporary basis. China's company law stipulates that the legal reasons for a limited liability company to convene an extraordinary shareholders' meeting are: a proposal by shareholders representing more than 1 10 voting rights; 1 3 or more proposed by the directors; Proposed by the board of supervisors or by the supervisors of a company without a board of supervisors.

An extraordinary general meeting of shareholders shall be convened within two months when the following statutory reasons arise: 1 When the number of directors is less than the prescribed number or the number of people specified in the articles of association. The Company Law stipulates that the board of directors shall be set up with 5 to 19 members.

Therefore, once the board of directors is less than 5 members, the company should convene an extraordinary general meeting of shareholders to elect directors. 2 When the company's uncovered losses reach the total paid-up share capital1 3. 3. When requested by shareholders who individually or collectively hold more than 10% of the company's shares.

4 As the Board deems necessary. 5. When the Board of Auditors proposes to convene the meeting. The agenda of the extraordinary general meeting of shareholders that general investors are more concerned about includes changes in major shareholders, mergers and acquisitions, major changes in personnel, and adjustment of dividend policies.

Legal basis: Article 39 of the Company Law of the People's Republic of China? The shareholders' meeting is divided into regular meetings and extraordinary meetings

Regular meetings shall be held on time in accordance with the provisions of the company's articles of association. Where shareholders representing more than one-tenth of the voting rights, more than one-third of the directors, the board of supervisors or the supervisors of a company without a board of supervisors propose to convene an extraordinary meeting, an extraordinary meeting shall be convened.

The Extraordinary Shareholders' Meeting is for "Limited Liability Companies".

The Extraordinary General Meeting of Shareholders is for "shares".

Legal Analysis: An extraordinary general meeting of shareholders refers to an irregular general meeting of shareholders convened temporarily between two annual general meetings of shareholders for statutory reasons to decide on major matters of the company that require shareholder voting on a temporary basis.

Article 39 of the Company Law of the People's Republic of China is divided into regular meetings and temporary meetings.

Regular meetings shall be held on time in accordance with the provisions of the company's articles of association. Where shareholders representing more than one-tenth of the voting rights of the cousins, more than one-third of the directors, the board of supervisors or the supervisors of a company without a board of supervisors propose to convene an extraordinary meeting, an extraordinary meeting shall be convened.

Conditions for convening the extraordinary general meeting of shareholders: the company's uncompensated losses reach one-third of the total paid-in share capital; Requests from shareholders who individually or collectively hold more than 10% of the company's shares; The number of directors is less than two-thirds of the number specified in this Law or the number specified in the articles of association; as the Board deems necessary; The Board of Supervisors proposes to convene the meeting; Other.

[Legal basis].Article 100 of the Company Law of the People's Republic of China.

The general meeting of shareholders shall be convened once a year. In any of the following circumstances, an extraordinary general meeting of shareholders shall be convened within two months:

1) When the number of directors is less than two-thirds of the number specified in this Law or the number of people specified in the articles of association;

2) When the company's uncompensated index deficit loss reaches one-third of the total paid-in share capital;

3) At the request of shareholders who hold more than 10% of the company's shares individually or collectively;

4) Where the Directors only deem it necessary;

5) When the board of supervisors proposes to convene the meeting;

6) Other circumstances stipulated in the articles of association.

Legal Analysis: Extraordinary General Meeting of Shareholders refers to an irregular general meeting of shareholders convened temporarily between two annual general meetings of shareholders for statutory reasons to decide on major matters of the company that require shareholder voting on a temporary basis.

Legal basis: Article 101 of the Company Law of the People's Republic of China In any of the following circumstances, a shareholders' meeting shall be convened within two months:

1) When the number of directors is less than two-thirds of the number specified in this Law or the number specified in the articles of association;

2) When the company's unmade losses are brought to one-third of the total paid-in share capital;

3) At the request of shareholders who hold more than 10% of the company's shares individually or collectively;

4) Where the Board of Directors deems it necessary;

5) When the board of supervisors proposes to convene the meeting;

6) Other circumstances stipulated in the articles of association. Trembling.