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What Conditions Must Be Met for an Anonymous Shareholder to Disclose Their Identity?

A shareholder qualification confirmation dispute case handled by our firm is scheduled to be heard on June 30.

The target company has two shareholders: our client, a minority shareholder holding 40% of the equity, and a majority shareholder holding 60%.

The plaintiff claims to be an anonymous shareholder of the target company, with their equity held by the majority shareholder under a shareholding agreement. Our client was completely unaware of this arrangement. The anonymous shareholder has now filed a lawsuit to confirm their status as a shareholder of the target company, with our client being named as a third party in the case.

We argue that, according to Article 24 of the Judicial Interpretation III of the Company Law, for an anonymous shareholder to disclose their identity, more than half of the other shareholders must agree to the request.

In this case, our client, as the only "other shareholder," was not only unaware of the shareholding arrangement but also never consented to the anonymous shareholder’s request to disclose their identity. Therefore, the court should dismiss the anonymous shareholder’s claim.


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