Venture(US:VEMLY) Qi Lu Wan Bao·2026-01-09 02:17Core Viewpoint - Liu Lianmin, the founder and chairman of Xiangchi Holdings, passed away at the age of 69, leaving behind a legacy of dedication to the grain and oil processing industry, transforming a small plant into a leading enterprise in deep processing of soybeans and corn in China [1][10]. Group 1: Early Life and Military Service - Liu Lianmin was born in 1957 in a farming family in Boxin County and became a soldier in the railway troops, where he demonstrated exceptional work ethic by exceeding daily tasks [2][3]. - His military service instilled in him a strong sense of resilience and dedication, earning him multiple awards and recognition during his time in the army [3]. Group 2: Career Development - After retiring from the military, Liu was appointed as the manager of the local grain depot, where he quickly rose through the ranks due to his hard work and innovative approach [3][4]. - In 1989, he took on the role of factory director at the Boxin County Plant Oil Factory, facing significant challenges but responding with a commitment to improve management and production processes [4][5]. Group 3: Business Growth and Achievements - Under Liu's leadership, the plant achieved national quality standards within six months and expanded its product offerings, including soy sauce and vinegar, leading to significant revenue growth [5][6]. - By 1994, the plant became the top in Shandong Province with sales revenue of 73.23 million yuan and continued to grow, eventually transforming into Xiangchi Grain and Oil Company [6][10]. Group 4: Strategic Innovations - Liu recognized the need for strategic transformation in response to market changes, leading to the development of high-value-added products and establishing a circular economy model within the company [7][8]. - The company became a leader in the domestic soybean protein industry, with exports accounting for 20% of the national total and a market share of over 60% in high-end nutritional protein [8][10]. Group 5: Social Responsibility and Legacy - Liu emphasized the importance of giving back to society, contributing over 20 million yuan to various charitable causes and supporting education initiatives in underprivileged areas [13]. - His commitment to employee welfare and community support fostered a strong corporate culture, which continues to influence the company even after his passing [12][13].