What does the ultimate beneficiary mean?

The ultimate beneficiary should generally refer to the shareholders. Whether it is an associated shareholder, an agent shareholder or an invisible shareholder, the most important thing is to find out who is the ultimate beneficiary, and the ultimate beneficiary should bear the shareholder responsibility. Most companies will regard the actual controller traced back by the controlling shareholder as the ultimate beneficiary. Shareholders, that is, investors or investors of joint-stock companies, as investors, enjoy the rights of owners to share benefits, make major decisions and choose managers according to the amount of investment (unless otherwise agreed by shareholders). The word "Dong" among shareholders originally means "owner". Shareholders, that is, the owners of shares, are simply understood as "bosses". The main rights of shareholders are: to attend the shareholders' meeting and have the right to vote on major issues of the company; The voting rights of directors and supervisors of the company; Distribute the company's profits and enjoy the right to share dividends; Issuing stock creditor's rights; The right to request the transfer of shares; The right to claim bearer shares instead of registered shares; The right to dispose of the remaining property when the company fails to operate, declares closure and goes bankrupt. The size of shareholders' rights depends on the type and quantity of shares held by shareholders.

The public may apply to the company registration authority to inquire about the registered items of the company, and the company registration authority shall provide inquiry services. When exercising the above-mentioned right to know and obtaining relevant information, shareholders shall provide their identity documents to the industrial and commercial departments. If the industrial and commercial department requires other materials to prove the identity of shareholders, such as shareholder certificates, shareholders can apply to the company for assistance in production and distribution. For the sake of interests, shareholders who do not want to be known by the company when inquiring about industrial and commercial files can also consult a lawyer. Anonymous shareholders are not suitable for inquiring about industrial and commercial information with certificates. Because the industrial and commercial departments cannot directly verify the true identity of shareholders. Anonymous shareholders can only inquire about the company's industrial and commercial registration information through the company's assistance or lawyer's agent.

Legal basis:

Company Law of the People's Republic of China

Article 33

Shareholders have the right to consult and copy the Articles of Association, minutes of shareholders' meeting, resolutions of the board of directors, resolutions of the board of directors and financial and accounting reports. Shareholders may request to consult the company's accounting books. Where a shareholder requests to consult the company's accounting books, he shall submit a written request to the company, explaining the purpose. If the company has reasonable reasons to believe that the shareholders' access to the accounting books has improper purposes, which may harm the legitimate interests of the company, it may refuse to provide access, and shall give a written reply to the shareholders within 15 days from the date of the shareholders' written request, explaining the reasons. If the company refuses to provide inspection, the shareholders may request the people's court to require the company to provide inspection.

Article 34

Shareholders shall receive dividends in proportion to the paid-in capital contribution; When the company increases its capital, shareholders have the priority to subscribe for the capital contribution in proportion to the paid-in capital contribution. Except that all shareholders agree not to share the dividend according to the proportion of capital contribution or not to subscribe for the capital contribution in priority according to the proportion of capital contribution.