Shennong Group: Mediation Reached in Divorce Litigation Between Actual Controller He Zuxun and Wife; 78.3 Million Shares to Be Split

36Kr reports that Shennong Group announced that a mediation agreement has been reached in the divorce litigation between the company's controlling shareholder and actual controller, He Zuxun, and Luo Wanyu, with both parties voluntarily dissolving their marriage. Of the 261 million shares held by He Zuxun, 30% (78.305 million shares) will be transferred to Luo Wanyu. Both parties have signed a consistent action agreement and will jointly comply with regulations regarding share reductions by controlling shareholders and actual controllers. The company's actual controller remains unchanged, and this has no significant impact on production and operations.