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Q：
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Can denomination shares and non-denomination shares of a joint stock limited be converted into each other?
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A：
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The company may convert all issued denomination shares into non-denomination shares or convert all non-denomination shares into denomination shares in accordance with the provisions of the Articles of Association.
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Q：
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What classified shares can a joint stock limited issue?
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A：
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The company may issue the following classified shares with different rights than ordinary shares in accordance with the provisions of the company's articles of association:
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Shares of which profits or remaining property are priority or inferior distribution;
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Shares of which each share has more or less voting rights than ordinary shares;
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Shares of which transfer requires the consent of the company, etc;
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Other classified shares as stipulated by The State Council.
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Q：
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When a joint stock limited company issues classified shares, what matters should be specified in the articles of association?
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A：
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A company issuing classified shares shall specify the following in its articles of association:
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The order in which classified shares distribute profits or residual property;
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The voting rights of the classified shares;
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Restrictions on the transfer of classified shares;
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Measures to protect the rights and interests of minority shareholders;
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Other matters deemed necessary by the shareholders meeting.
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Q：
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What is a stock?
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A：
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The company's shares are in the form of stocks. Stocks are certificates issued by companies to prove the shares held by shareholders. The stocks issued by the company shall be registered stocks.
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Q：
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Can the issue price of denomination shares exceed the par value?
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A：
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The issue price of denomination shares can be based on the par value or exceed the par value, but not lower than the par value.
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FAQ
