On July 2, 2021, a pre-litigation mediation hearing was held for a shareholder right-to-information case represented by our firm. Our lawyers, representing the company’s shareholder, appeared in court as the plaintiff.

The plaintiff is a shareholder of the company but has never held any position or participated in the company’s daily operations. As the company’s operating term is about to expire and the company holds a significant amount of assets, the plaintiff requested to exercise their right to information and access relevant financial documents. However, the company refused, arguing that it had already provided the plaintiff with annual audit reports, through which the plaintiff could understand the company’s financial status. Consequently, the plaintiff decided to file a shareholder right-to-information lawsuit against the company.

The key issue in dispute is: What is the scope of the plaintiff’s right to information?

On this issue, our position is as follows:

1. As a shareholder, the plaintiff is entitled to inspect and copy the company’s articles of association, financial accounting reports, and meeting minutes in accordance with the relevant provisions of the Company Law.

2.As a shareholder, the plaintiff is entitled to inspect the company’s accounting books and, if necessary, accounting vouchers.