一、67%绝对控制线

1、 67% absolute control line

《公司法》中规定，公司在进行股本变动、增减注册资本、修改公司章程、变更主营业务等重要决策时，必须要获得2/3以上股东的支持。也就意味着拥有67%以上的股权就拥有绝对控制权。

According to the Company Law, when a company makes important decisions such as changing its share capital, increasing or decreasing its registered capital, amending its articles of association, or changing its main business, it must obtain the support of more than two-thirds of its shareholders. This means that having more than 67% equity means having absolute control.

二、51%相对控制线

2、 51% relative control line

公司在聘请独立董事、选举董事和董事长、任命会计师事务所，以及聘任总经理等决策需要获得半数股东支持。

The company needs to obtain the support of half of the shareholders when making decisions such as hiring independent directors, electing directors and chairman, appointing an accounting firm, and appointing a general manager.

三、34%安全控制线

3、 34% safety control line

股东持股比例超过1/3，才会拥有重大事件一票否决权，若股权低于34%，理论上来说只是一位没有话语权的财务投资人。

A shareholder holding more than one-third of the shares will have the veto power over major events. If the equity is less than 34%, theoretically speaking, it is just a financial investor without any say.

四、30%要约收购线

4、 30% tender offer acquisition line

当投资者通过证券交易所持有一个上市公司已发行股份的30%，若想继续增股，就要用要约收购的方式，向所有股东发出要约。

When investors hold 30% of the issued shares of a listed company through a stock exchange and want to continue increasing their shares, they need to make a tender offer to all shareholders through a tender offer.

五、20%竞争警示线

5、 20% Competitive Warning Line

当投资人及其一致行动人所持股份达到上市公司已发行股份的20%，不高于30%时，就要编制详式权益变动报告书，并强制披露包括同业竞争和关联交易在内的七项内容。

When investors and their concerted action parties hold 20% or no more than 30% of the issued shares of the listed company, a detailed equity change report must be prepared, and seven items including industry competition and related party transactions must be mandatory to be disclosed.

六、10%临时会议线

6、 10% Temporary Meeting Line

代表1/10以上表决权的股东，有权提议召开临时会议。

Shareholders representing more than 1/10 of the voting rights have the right to propose the convening of an extraordinary meeting.

七、5%股变警示线

7、 5% stock change warning line

持有公司5%以上股份的股东，当该公司情况有变，需要进行披露等。

Shareholders who hold more than 5% of the company's shares need to disclose information when the company's situation changes.

八、3%临时提案权

8、 3% temporary proposal rights

单独或合计持有公司3%以上股份的股东，可在股东大会召开10日前提出临时提案。

Shareholders who individually or collectively hold more than 3% of the company's shares may submit temporary proposals 10 days prior to the convening of the shareholders' meeting.

九、1%代位诉讼权

9、 1% Subrogation Litigation Rights

公司董监高若违反法律法规或公司章程，给公司造成损失，持有公司1%以上股份的股东，可以以自己的名义直接向法院提起诉讼。

If the board of directors, supervisors, and senior executives of a company violate laws, regulations, or the company's articles of association, causing losses to the company, shareholders holding more than 1% of the company's shares may directly file a lawsuit in their own name with the court.