Legal analysis: the cancellation of foreign-funded enterprises requires the establishment of a liquidation Committee to liquidate the company; Submit relevant documents to the industrial and commercial bureau and apply for cancellation; Issue an audit report; Publish a liquidation announcement; Handle tax cancellation; Handle industrial and commercial cancellation.

Legal basis: Company Law of the People's Republic of China

Article 190 A company may be dissolved under any of the following circumstances:

(1) When the business term stipulated in the articles of association expires or other reasons for dissolution stipulated in the articles of association occur;

(2) The shareholders' meeting resolves to dissolve;

(3) The company needs to be dissolved due to merger or division.

Article 205 When a foreign company cancels its branch in China, it must pay off its debts in accordance with the law and carry out liquidation in accordance with the provisions of this Law concerning the liquidation procedures of the company. Before paying off the debts, the property of its branches shall not be moved outside China.