China’s leading agricultural and pastoral enterprise New Hope Group finally saw the result of its restructuring. On November 29, 2011, New Hope Group published an announcement, saying that the newly-added stocks went public on November 4 after the significant assets restructuring of the company. The number of directorate members also increased from 9 to 11 and four of them were independent directors. Liu Chang, daughter of New Hope Group’s board chairman Liu Yonghao, also stepped in the board of directors. Huang Daiyun, former general manager who had served in this position for 15 years, was promoted to the vice board chairman. His position was taken by Tao Xi, former president of Liuhe Group.
　　It is known that the restructuring, once finished, can increase the total income of New Hope Group in the last three quarters of 2011 to 50 billion yuan (USD 7.85 billion). The business scale will have a drastic increase. New Hope Group will go on its development following its strategy of crafting an industrial chain covering all aspects. After the restructuring, New Hope Group’s major businesses cover feedstuffs, breeding, butchering and trade.
　　Liu Chang was born in April 1980. Now she is the director and vice general manager of Sichuan South Hope Co., Ltd, an unlisted company under New Hope Group. She held 36.93% of the stake of New Hope Group and thus was ranked No. 11 in the 2011 Hurun Female Riches with the assets amounting to 11 billion yuan (USD 1.73 billion).
　　During the parliamentary sessions in 2011, Liu Yonghao proposed a program in the Chinese People’s Political Consultative Conference. Liu Chang was present in that meeting, which was thought to be “well-designed” for her. When asked whether Liu Chang will take his position in the future, Liu Yonghao said: “The news about my daughter’s taking over my place is not right. It should depend on her own will.”