Shareholders owning 5% or more of the total common shares have the right to request the convening of the General Meeting of Shareholders.
Based on Clause 2 Point b and Clause 3 Article 115 of the Enterprise Law 2020, the rights of common shareholders are stipulated as follows:
A shareholder or group of shareholders holding 5% or more of the total common shares, or a smaller percentage as prescribed by the company's Charter, have the following rights:
- …
- Request a convocation of the General Meeting of Shareholders in the event that: The Board of Directors seriously violates the rights of shareholders, the duties of managers, or makes decisions beyond their delegated authority; Other cases as prescribed by the company's Charter.
Thus, shareholders holding 5% or more of the total common shares have the right to request a convocation of the General Meeting of Shareholders in the aforementioned cases.
Sincerely!
