Company holding 60% of charter capital: Is it a parent company?

Clause 1, Article 195 of the 2020 Enterprise Law stipulates:

A company is considered a parent company of another company if it falls into one of the following cases:

- Owning more than 50% of the charter capital or the total number of ordinary shares of that company;

- Having the right to directly or indirectly decide the appointment of the majority or all members of the Board of Directors, Director, or General Director of that company;

- Having the right to decide on the amendment and supplementation of the charter of that company.

Based on the aforementioned regulations and the provided information, if Joint Stock Company A holds 60% of the charter capital of your company, then Company A is identified as the parent company of your company.

Regards!