DBN Original Chairman Passes Away, 928 Million Shares Divided, Underage Daughter Receives 5.39% Stake Worth Approximately 946 Million

A-share listed company Dabeinong with a market value of over 10 billion yuan recently issued an important announcement. The former actual controller, Shao Genhuo, passed away on February 3 due to illness. During his lifetime, he directly held 928 million shares of the company, accounting for 21.58% of the total share capital. According to the notarization issued by Beijing Jingcheng Notary Office, Shao Genhuo did not leave a will nor sign any inheritance or support agreement with others. Half of his shares (464 million shares) are considered his estate and will be jointly inherited by his spouse Mo Yun and his minor daughter Shao Moumou.

After the equity transfer, Mo Yun, through joint property division and inheritance, obtained a total of 696 million shares, accounting for 16.18% of the company’s total shares; his daughter Shao Moumou inherited 232 million shares, or 5.39%. As of March 20, Dabeinong’s stock price was 4.08 yuan per share, with a market value of 17.5 billion yuan. The shares inherited by Shao Moumou are worth approximately 946 million yuan. Since Shao Moumou is a minor, her mother Mo Yun, as her legal guardian, will exercise voting rights and other rights associated with the shares on her behalf. After this change, Mo Yun and her concerted parties still hold a combined stake of 21.58%, but their voting rights are sufficient to significantly influence the company’s shareholder meeting decisions. Therefore, the company’s controlling shareholder and actual controller have changed to Mo Yun.

Public information shows that Shao Genhuo was born in July 1965. He holds a Ph.D. in Agronomy from China Agricultural University and is the first pig nutritionist in China. In 1991, he became the first doctoral teacher at Beijing Agricultural College and was later praised by the China Agricultural University Alumni Association as the “Pig Farming Doctor.” In 1993, after just over a year of teaching, Shao Genhuo gave up a stable job and used 20,000 yuan savings to rent two small rooms in Wanquanzhuang, Haidian, Beijing, with his entrepreneurial partners to establish Dabeinong. Starting from the feed business, this company gradually developed into a listed enterprise covering multiple fields such as agricultural technology and breeding services.

In terms of performance, Dabeinong achieved revenue of 20.744 billion yuan and net profit attributable to the parent of 257 million yuan in the first three quarters of 2025. However, according to the latest annual performance forecast, the company expects a full-year loss of 450 million to 580 million yuan, mainly due to industry cycle fluctuations and cost pressures. Following the change in actual control, the market continues to pay attention to whether the company’s strategic direction and management team will be adjusted.