case Mainland China English summary

Yao Jincheng v. Hongda: Shareholder Resolution Changing Contribution Period

姚锦城与鸿大（上海）投资管理有限公司、章歌等公司决议纠纷案

Gazette case holding that a shareholder resolution cannot use capital majority to deprive another shareholder of the agreed benefit of a capital contribution period without legal basis or urgent justification.

Open original judgment / decision

Brief English Introduction

Hongda is the leading teaching case for the idea that a contribution period can be a core shareholder bargain, not merely an ordinary governance term in the articles.

Use It For

Use it in hypotheticals where controlling shareholders shorten a minority shareholder’s contribution period or otherwise weaponize capital calls.

Teaching Notes

The case lets students distinguish article amendment formalities from substantive abuse of shareholder power.