Equity transfer is the most common method of shareholder exit. Under the Company Law, a shareholder transferring shares to a non-shareholder must obtain consent from more than half of the other shareholders. The transferring shareholder shall notify the other shareholders in writing, who have 30 days to respond; silence is deemed consent.

Shares approved for transfer are subject to other shareholders preemptive purchase rights under equal conditions. If multiple shareholders exercise this right, they shall negotiate purchase ratios; failing agreement, the ratio follows their respective capital contribution proportions at the time of transfer.

The dissenting shareholder appraisal right is crucial for protecting minority shareholder interests. Shareholders who vote against specific board resolutions may demand the company repurchase their shares at a reasonable price, typically determined through professional valuation.

Capital reduction exit procedures are relatively complex. The company must prepare balance sheets and property lists, notify known creditors within 10 days of the resolution, and publish a notice within 30 days.

[2] Judicial dissolution is the last resort. According to the Company Law and judicial interpretations, if the company's operation and management encounter serious difficulties, continuing its existence would cause significant losses to shareholders' interests, and no other solutions are available, shareholders holding more than ten percent of the company's total voting rights may petition the People's Court to dissolve the company. In practice, courts adopt a cautious approach toward judicial dissolution and will only support it when the company is deadlocked and cannot be resolved through other means.