Generally speaking, the foundation can choose to terminate due to the completion of its purpose, inability to continue to engage in public welfare activities, renaming, termination and other reasons. The termination of the Foundation shall be approved by the board of directors, and the cancellation application and liquidation report shall be submitted to the competent business unit within 15 days after the termination.
In addition, after the liquidation, the property of the foundation will be used for public welfare purposes in accordance with the wishes of donors or beneficiary groups or in a manner prescribed by law.