Reference Case: Chen Moumou v. Shandong A Company and Beijing B Company
When a resolution concerns matters directly affecting a major shareholder's own interests, such as extending that shareholder's contribution deadline, the interested shareholder should recuse from voting. If a minority shareholder is not notified and the remaining votes do not satisfy the charter threshold once the interested shareholder is excluded, the resolution is not established.
Holding
When a resolution concerns matters directly affecting a major shareholder's own interests, such as extending that shareholder's contribution deadline, the interested shareholder should recuse from voting. If a minority shareholder is not notified and the remaining votes do not satisfy the charter threshold once the interested shareholder is excluded, the resolution is not established.