Beijing Dabeinong Technology Group: Chairman Shao Genhuo reduces his holdings by about 51.46 mln shares, or over 1%

NBD AI Bulletin-Beijing Dabeinong Technology Group Co., Ltd. (the Company, SZ 002385, closing price: 9.59 yuan) announced on the evening of July 8 that the Company received notice from Mr. Shao Genhuo, the Company's controlling shareholder and chairman, that from June 17 to July 7, 2020, Mr. Shao Genhuo reduced his holdings by about 51.46 million shares via block transactions and centralized bidding transactions, accounting for 1.23% of the Company's total share capital.

NBD AI Review: The last time Beijing Dabeinong Technology Group Co., Ltd. issued a shareholding-reduction announcement was on July 03, 2020, its stock rose 4.25% on the second trading day, and the Company issued 14 shareholding-reduction announcements in the past year.

According to the Company's 2019 annual report, Beijing Dabeinong Technology Group Co., Ltd. mainly engages in feeds, animal health products, other businesses, seeds, and plant protection products, accounting for 79.98%, 16.62% and 3.4% of its revenue respectively.

Beijing Dabeinong Technology Group Co., Ltd.'s chairman is Shao Genhuo, male, 55, received a bachelor's degree from Zhejiang University (formerly known as Zhejiang Agricultural University) in 1986. The Company's president is Zhang Lizhong, male, 46, master of science in agricultural promotion at Northeastern Agricultural University.

(By Cai Ding)

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