63-year-old Niu Gensheng completely withdrew from Mengniu's board of directors to focus on charity

　　Sino-Singapore Jingwei, December 1-In the middle of the night of November 30, Mengniu Dairy issued an announcement on the reorganization of the board of directors.

Niu Gensheng resigned as a non-executive director and member of the strategy and development committee of the company since December 1, 2021, due to his retirement and his plan to devote more time to charity work.

　　This means that the founder Niu Gensheng has resigned from his last post in Mengniu.

　　From a poor herding baby to the "godfather" of China's dairy industry, the 68-year-old Niu Gensheng has an extraordinary entrepreneurial experience.

　　According to public reports, Niu Gensheng resigned from Yili in 1999 and "started from a new start" to found Mengniu.

In 2004, Mengniu was listed on the main board of Hong Kong, China.

In July 2009, COFCO and Hopu Fund acquired a 20% stake in Mengniu at a consideration of HK$6.1 billion.

In June 2011, Niu Gensheng, the founder of Mengniu, resigned as the chairman of the board of directors, and Ning Gaoning, chairman of COFCO, replaced him as the new chairman of the board.

Image source of Niu Gensheng: Inner Mongolia Lao Niu Charity Foundation

　　Last night, Mengniu Dairy announced that the board of directors has carried out a series of changes in directors, authorized representatives, and changes in the composition of the board committees, which will be implemented on December 1.

Among them, Niu Gensheng resigned as a non-executive director and member of the Strategy and Development Committee of Mengniu; Meng Fanjie resigned as an executive director; Jiao Shuge (also known as Jiao Zhen) resigned as an independent non-executive director and member of the remuneration committee; JulianJuul Wolhardt resigned as an independent non-executive director, chairman of the remuneration committee, and audit Committee member and nomination committee member; Zhang Xiaoya resigned as independent non-executive director, member of audit committee and member of remuneration committee; Qiu Jiaci resigned as independent non-executive director, chairman of audit committee and member of sustainability committee.

　　Looking back on Niu Gensheng's experience since starting his business, he went with the word charity.

　　According to the introduction of the official website of the Inner Mongolia Lao Niu Charity

,

　　In 1978, Niu Gensheng started working as a cattle breeder and bottle washer, until he served as a director and vice president of production and operation of Yili Group. In 10 years (1987-1997), Yili became the "first brand of ice cream in China".

　　In 1999, Niu Gensheng founded Mengniu Dairy under the predicament of “no market, two factories, and three milk sources”. In the past seven years, he created a “Mengniu speed” with an average annual growth rate of 158%; he led Mengniu Dairy to become a global liquid milk champion. Champion of China Dairy Industry.

　　At the end of 2004, Niu Gensheng and his family initiated the establishment of the Lao Niu Foundation to donate family assets to carry out charitable causes, and is committed to exploring a "Chinese-style modern philanthropic family foundation" development path. "Practice the concept of public welfare and charity".

　　From 2006 to 2009, Niu Gensheng successively resigned as the president and chairman of Mengniu Group and turned from an entrepreneur to a philanthropist; under his influence, all family members devoted themselves to charity and charity; his children initiated the establishment of the "Lao Niu Brothers and Sisters Charity Foundation", further Expansion of family philanthropy; the Niu family was rated as "China's Strategic Philanthropy Model", its son Niu Ben was rated as "Top Ten New Generation Family Philanthropy", and Lao Niu Foundation was rated as "Top Ten Family Charity Foundations".

　　According to the Lao Niu Foundation, as of the end of 2020, the Lao Niu Foundation has cooperated with 184 institutions and organizations to carry out 267 charity projects, covering 31 provinces (autonomous regions/municipalities/special administrative regions) in China and the United States, Canada, and France. , Italy, Denmark, Nepal, Africa and other places, the total public welfare expenditure was 1.565 billion yuan.

(Zhongxin Jingwei APP)