However, although Tao Huabi dropped out of the list, Li Miaoxing and Li Guishan, two shareholders of Laoganma, were on the list, ranking in the top ten of Guizhou's rich list with a net worth of 3.8 billion yuan and 3.7 billion yuan respectively. Among them, Li Miaoxing ranked 1 14 1, and Li Guishan ranked 1 162. Their net assets add up to 7.5 billion yuan. Last year, Tao Huabi ranked fourth with a net asset of 7.5 billion yuan.
The changes in the list just correspond to the changes in the equity of the Laoganma family.
Guiyang Nanming Laoganma Flavor Food Co., Ltd. was incorporated in June of 1997 with a registered capital of100000 yuan, which was fully contributed by Tao Huabi. At that time, only Tao Huabi and his two sons were shareholders, Tao Huabi only accounted for 1%, and Li Guishan, the eldest son, held 49% of the shares and was in charge of the market. AARON Li, the youngest son, only took a stake in May 20 12, holding 50% of the shares and taking charge of production.
Li Miaoxing's identity has aroused the interest of the outside world. The change of equity reflects the inheritance problems faced by this rather mysterious family business, which may lead to the breaking of its oath of "no financing and no listing". Previously, Tamia Liu had publicly stated that Laoganma would still focus on the main business of Chili sauce, making it bigger and stronger, and had no plans to introduce professional managers or go public for the time being.