Liquidation shall be decided by the board of directors of the company, a liquidation group shall be established, and an application shall be submitted to the examination and approval authority.

The liquidation group shall notify creditors within 10 days from the date of its establishment, and make an announcement in the newspaper of the approved industrial and commercial bureau within 60 days.

After the expiration of the liquidation announcement, the balance sheet and inventory of the liquidation end date shall be made. Entrust an accounting firm to issue an audit report.

The liquidation group shall notify creditors within 10 days from the date of its establishment, and make an announcement in the newspaper of the approved industrial and commercial bureau within 60 days.

Production liquidation distribution procedure. Handle tax, customs and foreign exchange verification procedures.

After the liquidation, the liquidation group shall prepare the liquidation report, liquidation period, income and expenditure statement and various financial account books, and submit them to shareholders for confirmation.