Chairman of A-share listed company Da Bei Nong (Dabeinong), worth 10 billion yuan, Shao Genhuuo passed away due to illness, and his underage daughter inherited 900 million yuan of stocks

On the evening of March 20, the A-share listed company Dabeinong, with a market value of over 10 billion yuan, announced that its former actual controller and chairman, 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 before his death. Half of his company shares (i.e., 464 million Dabeinong shares) are considered his estate and are jointly inherited by his spouse, Mo Yun, and his minor daughter, Shao Moumou. Based on the division of joint property and inheritance law, Mo Yun inherits 696 million shares, accounting for 16.18% of the company’s total shares; the minor daughter Shao Moumou inherits 232 million shares, accounting for 5.39%.

As of March 20, Dabeinong’s stock closed at 4.08 yuan per share, with a market value of 17.5 billion yuan. Based on this, the 232 million shares inherited by Shao Moumou are worth approximately 946 million yuan.

After these changes in equity, Mo Yun and Shao Moumou, as acting in concert, hold a total of 21.58% of Dabeinong’s shares. Since Shao Moumou is a minor, her mother Mo Yun is her legal guardian. Therefore, all rights associated with the inherited shares—including but not limited to voting rights, nomination rights, proposal rights, and voting power—are exercised by Mo Yun according to law. Mo Yun’s voting rights are sufficient to significantly influence the resolutions of Dabeinong’s shareholders’ meeting. Consequently, the company’s controlling shareholder and actual controller have changed from Shao Genhuo to Mo Yun.

In the first three quarters of 2025, Dabeinong achieved revenue of 20.744 billion yuan and net profit attributable to shareholders of 257 million yuan. According to the 2025 annual performance forecast, the company expects a loss of 450 million to 580 million yuan.

Public information shows that Shao Genhuo, born in July 1965, was a doctoral graduate in agronomy from China Agricultural University and the first pig nutrition PhD in China. He was also the first doctoral teacher at Beijing Agricultural College in 1991, and is recognized by the China Agricultural University Alumni Association as the country’s first “Pig Farming Doctor.” After teaching for just over a year, Shao Genhuo decided to leave the stable academic career to start his own business— in 1993, he used all his savings of 20,000 yuan to rent two small rooms in Wanquan Zhuang, Haidian, and founded Dabeinong with entrepreneurial partners.