He Zuxun, the actual controller of Shennong Group, was sued for divorce by his wife Luo Wanyu

China News Service, Beijing, September 24 (Reporter Xie Yiguan) Another actual controller of a listed company is involved in divorce proceedings.

On the 23rd, Shennong Group issued an announcement. Recently, the company received notice from its controlling shareholder and actual controller He Zuxun that Luo Wanyu’s divorce case against He Zuxun has been filed by the Guandu District People’s Court of Kunming City. The plaintiff requested an order to dissolve the marriage relationship between Luo Wanyu and He Zuxun and to divide their property. As of the date of the announcement, both parties have negotiated and agreed to conduct mediation first under the auspices of the court.

Screenshot of Shennong Group’s announcement.

The announcement shows that He Zuxun is the controlling shareholder and actual controller of Shennong Group. As of now, he directly holds about 261 million shares of the company, accounting for 49.60% of the company's total share capital. Luo Wanyu does not hold any shares of the company.

At the close of trading on September 23, Shennong Group’s share price was reported at 33.6 yuan, with a total market value of 17.68 billion yuan. Based on the closing price, He Zuxun’s stock holdings are worth approximately 8.77 billion yuan.

The announcement also mentioned that as of the date of the announcement, the lawsuit only involves the controlling shareholder and actual controller He Zuxun’s personal shareholder rights to the company. It has nothing to do with the company’s production and operations and has no significant impact on the company’s production and operations.

Public information shows that from 1988 to 1990, He Zuxun worked as an animal husbandry veterinarian at the Animal Husbandry Bureau of Luliang County, Yunnan Province, and from 1992 to 1998, he worked as a salesperson at Zhengda Kangdi (Shenzhen) Co., Ltd.

In 1999, He Zuxun founded Shennong Feed and successively served as executive director and general manager, chairman and general manager of Shennong Feed, Shennong Co., Ltd., and Shennong Co., Ltd. He currently serves as chairman and general manager of Shennong Group and executive director of Shennong Real Estate.

According to the company's official website, Shennong Group is a national key leading enterprise in agricultural industrialization integrating feed production, pig breeding, slaughtering and processing, and food deep processing. It is also currently the largest pig raising enterprise in Yunnan Province. In 2021, Shennong Group was listed on the main board of the Shanghai Stock Exchange, becoming the first listed agricultural and animal husbandry company in Yunnan Province. Currently, Shennong Group has 30 wholly-owned subsidiaries, with related businesses covering Yunnan, Guangxi, Guangdong and other regions.

The 2026 semi-annual report shows that Shennong Group achieved operating income of 2.489 billion yuan in the first half of the year, a year-on-year decrease of 11.02%; the net profit loss attributable to shareholders of the listed company was 809 million yuan. (over)