If these shareholders are also directors, supervisors or senior managers of the company to be listed and their relatives, problems will arise. Other conditions are not particularly limited. For details of the above provisions, please refer to the Minutes of the Communication Meeting on the Supervision of Growth Enterprise Market Issuance and the Notes on Baodai's Recent Training.

1. In the relationship between shareholders and the company, shareholders, as investors, enjoy the rights of owners to share profits, make major decisions and choose managers according to the amount of investment (unless otherwise agreed by shareholders).

2. In the shareholder relationship, all shareholders have equal status and enjoy the same rights and interests in principle, but other provisions can be made in the company's articles of association.

Note: the State Council or the local people's government entrusts the state-owned assets supervision and administration institution of the people's government at the corresponding level to perform the investor's duties for a wholly state-owned company.