How does Founder Securities cancel its account by mobile phone?

Under normal circumstances, once the shares are issued, the shareholders may not withdraw their shares, and the issuing company may not purchase its own shares, but the cancellation of shares is allowed under the following circumstances:

(1) When the company suffers heavy losses, it can reduce certain capital according to the shares held by shareholders;

(2) When the company is divided into several companies, the original shares may be cancelled and the new shares after the division shall be delivered to the shareholders;

(3) According to the Articles of Association, the shares shall be cancelled with the profits distributed by shareholders. If a mining company is about to be dissolved due to the exhaustion of mineral resources, it shall gradually repurchase shares with profits in advance according to the company's articles of association to simplify the final settlement procedure.

(4) According to the redemption clause in the sales contract signed by the company's shareholders, repay the principal and interest and recover the shares after the specified time. For any of the above cancellation methods, a general meeting of shareholders must be held in advance to make a special resolution on cancellation.

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