Article 119 of the Law on Enterprises 2020 provides as follows:
Obligations of shareholders
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Fully and punctually pay for the subscribed shares.
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Not withdraw the contributed capital represented by ordinary shares from the company in any form, except in cases where such shares are repurchased by the company or by another person. In cases where a shareholder withdraws part or all of the contributed share capital in contravention of this provision, that shareholder and any related persons in the company shall be jointly liable for the company’s debts and other property obligations to the extent of the value of the shares withdrawn and any damages incurred.
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Comply with the company’s Charter and internal management regulations.
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Abide by the resolutions and decisions of the General Meeting of Shareholders and the Board of Directors.
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Keep confidential the information provided by the company as prescribed in the company’s Charter and the law; only use such information for the purpose of exercising and protecting their lawful rights and interests; strictly prohibited from disseminating or copying and sending such information provided by the company to other organizations or individuals.
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Perform other obligations as prescribed by this Law and the company’s Charter.
