Shennong Group: Actual Controller He Zuxun Divorce Splits Shares, Luo Wanyu Receives 14.88% Stake

36Kr learned from a Shennong Group announcement that the company's controlling shareholder and actual controller, He Zuxun, has dissolved his marriage with Luo Wanyu. Under a court mediation agreement, He Zuxun will transfer 78.305 million shares he directly holds in the company (14.88% of total share capital) to Luo Wanyu. Following this change in equity interest, He Zuxun's shareholding has decreased from 49.60% to 34.72%, while Luo Wanyu holds 14.88%. The two have signed a concert action agreement, forming a concert party relationship. The change does not trigger a tender offer, will not result in a change of the company's controlling shareholder or actual controller, and does not involve a transfer of control. The share transfer registration procedures are still pending.