Niu Gensheng, a native of Inner Mongolia, is the founder of Mengniu Dairy Group. Founder and honorary president of Lao Niu Foundation, "the first person to donate shares in the world", 1999 left Yili. Mengniu was founded in 1999. In just eight years, Mengniu has become the global champion of liquid milk and the champion of china dairy. Mengniu Group is regarded by the whole world as the benchmark for the tenacious rise of China enterprises. Mengniu industrial chain links millions of dairy farmers, millions of shareholders and hundreds of millions of consumers. Known as "the largest rice bowl-making enterprise in China since the western development", it was rated as the most socially responsible enterprise in the first corporate social responsibility survey in China. One of the top ten entrepreneurs in China in 2002. On 20 1 1 June11day, Mengniu Dairy announced on the Hong Kong Stock Exchange that its founder, Niu Gensheng, resigned as the chairman of the board of directors.