Generally speaking, the major shareholder is definitely more dominant than the second major shareholder.
However, nothing is absolute; specifics must be handled specifically.
The shareholding structure of Jinhai Club is as follows: Chen Jinhai holds 45%, Yang Chen holds 30%, Zhao Chenglong holds 10%, Chen Wangyuan holds 6%, Li Zhengfu holds 5%, and Wu Han holds 4%.
The shareholding structure of Jinying Club is as follows: Chen Jinying holds 45%, Yang Chen holds 30%, and the remaining 25% is equally divided among Ge Chun Tian, Wang Xiahua, Zhang Qiushi, Tong Lina, and Wu Sijie.
Judging from the shareholding structure, Chen Jinhai and Chen Jinying obviously have the most say.
However, if Yang Chen can ally with other shareholders to oppose them, they will lose decision-making power.
According to the company law, more than two-thirds of the shareholders (shares) must agree to pass company decisions.
