The shareholders’ general meeting is the organ of authority of the company, which exercises its powers in accordance with the PRC Company Law. Under the PRC Company Law, the primary powers of the shareholders’ general meeting include:

 
- to decide on the company’s operational policies and investment plans;
- to elect and remove the directors and supervisors not assumed by staff representatives, and decide on matters related to the remuneration of directors and supervisors;
- to review and approve reports of the board of directors;
- to review and approve reports of the board of supervisors or supervisors;
- to review and approve the company’s annual financial budget and final accounts;
- to review and approve the company’s profit distribution plans and loss recovery plans;
- to decide on any increase or reduction of the company’s registered capital;
- to decide on issues such as merger, division, dissolution and liquidation of the company and change in its corporate form;
- to decide on the issue of bonds by the company;
- to amend the articles of association;
- other matters which are required by the articles of association.