Personal equity transfer process

1. Sign a written equity transfer contract;

2. Perform other shareholder notification procedures in accordance with laws and articles of association;

3. Fulfill the obligations stipulated in the contract;

4. The company shall register the change of shareholders according to law.

[Legal basis]

Article 71 of the Company Law of People's Republic of China (PRC)

Shareholders of a limited liability company may transfer all or part of their shares to each other. The transfer of equity to a person other than a shareholder shall be approved by more than half of the other shareholders. When a shareholder transfers its equity, it shall notify other shareholders in writing and obtain their consent. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree to the transfer shall purchase the transferred shares; Do not buy, as agreed to transfer. Under the same conditions, other shareholders have the priority to purchase the equity transferred with the consent of shareholders. If two or more shareholders claim to exercise the preemptive right, their respective purchase proportions shall be determined through consultation; If negotiation fails, the preemptive right shall be exercised in accordance with their respective investment proportions at the time of transfer. Where there are other provisions on equity transfer in the articles of association, such provisions shall prevail.