Legal basis: Article 184th of the Company Law of People's Republic of China (PRC). During the liquidation period, the liquidation group shall exercise the following functions and powers:
1. Clean up the company's property and prepare the balance sheet and property list respectively;
2. Notify and announce creditors;
3. Deal with the unfinished business of the company related to liquidation;
4. Pay taxes owed and taxes generated during liquidation;
5. Clean up creditor's rights and debts;
6. Dispose of the company's remaining property after paying off debts;
7. Participate in civil litigation activities on behalf of the company;