Is it risky to entrust shareholders with full authority to handle bank loans?
Yes According to official website's investigation, although the shareholders' meeting is the highest authority of the company, it has corresponding authority division with the board of directors. The specific division will be clearly stipulated in the company's articles of association, as long as the resolutions of the board of directors are within its decision-making authority. The loan is mortgaged or guaranteed, and if it cannot be repaid on time, it will face the risk of being enforced.