Dabeinong Founder Shao Genhe Passes Away, 21.58% Stake Inherited by Wife and Daughter, Actual Controller Changes to Mo Yun

Beidahuang (002385.SZ) recently announced that the company’s controlling shareholder and actual controller have changed. According to the announcement, the former actual controller and chairman, Shao Genhuo, passed away due to illness on February 3, 2026. During his lifetime, he directly held 928 million shares of the company, accounting for 21.58% of the total share capital. Since Shao Genhuo did not establish a will or sign an inheritance and support agreement, his estate will be inherited jointly by his spouse, Ms. Mo Yun, and his minor daughter, Shao Moumou.

According to inheritance distribution rules, half of Shao Genhuo’s shares (460 million shares) will be divided as inheritance. Ms. Mo Yun will ultimately receive 696 million shares, accounting for 16.18% of the total shares; the minor daughter, Shao Moumou, will inherit 232 million shares, accounting for 5.39%. Because Shao Moumou is still a minor, her mother, Ms. Mo Yun, as her legal guardian, will exercise all shareholder rights on her behalf, including voting rights, nomination rights, proposal rights, and voting.

After this change in equity, Ms. Mo Yun will hold a total of 928 million voting rights, accounting for 21.58% of the company’s voting shares, enough to have a decisive influence on major company decisions. Therefore, the company’s controlling shareholder and actual controller will be changed to Ms. Mo Yun. Based on Beidahuang’s closing price of 4.08 yuan per share on Friday, the market value of the shares inherited by Shao Moumou is approximately 946 million yuan.

Public information shows that Shao Genhuo was born in 1965 in rural Jinhua, Zhejiang. He was the first pig nutrition PhD trained by China Agricultural University. After graduation, he taught at Beijing Agricultural College. In 1993, he resigned to start his own business, founding Beidahuang Group with a partner with 20,000 yuan in startup capital and two offices. Over more than thirty years of development, Beidahuang has become one of China’s leading enterprises in the agriculture and animal husbandry industry.

Earlier, on February 4, Beidahuang announced the death of Shao Genhuo due to illness at the age of 60. At the time of the announcement, Shao Genhuo still held 21.58% of the company’s shares and was the actual controller. His entrepreneurial journey and contributions to the industry have been reported multiple times by the media, with his transition from university teacher to entrepreneur particularly noteworthy.

Financial data shows that Beidahuang’s performance for 2025 has experienced significant fluctuations. According to the forecast released on January 30, the company expects a net profit attributable to shareholders of listed companies to be a loss of 450 million to 580 million yuan for the year, compared to a profit of 346 million yuan in the same period last year. The main reasons for the shift from profit to loss are the continued low prices in the pig market and underperformance of some invested units, leading the company to impair about 600 to 700 million yuan on breeding pigs, long-term equity investments, and goodwill.