At a general meeting of shareholder, there shall be shareholders and
proxies (if any) present at the meeting in a number of not less than
twenty-five persons or no less than one-half of the total number of
shareholders, and in either case such shareholder shall hold shares
totaling no less than one-third of the total number of shares sold, in
order to constitute quorum, unless otherwise stipulated by the Acts. In
the event that after one hour from the time fixed for any general
meeting of shareholders, the number of shareholders present is still
not enough to form a quorum, and if such general meeting
shareholders was requested by the shareholders, such meeting shall
be cancel. If such meeting of shareholders was not called by the
shareholders’ request, the meeting shall be called again, and, in the
later case, notices calling the meeting shall be to shareholders not
less than seven days before the meeting. In the second meeting a
quorum is not needed