The Billionaire Business Legend of Tang Aoqi, 80-Year-Old Dan Yang Auto Parts Tycoon

On October 26, 2025, a legendary entrepreneur in Danyang, Jiangsu completed his life journey.

Mr. Tang Aoqi, the 80 year old founder of Xinquan Holdings, passed away peacefully, leaving behind a listed company with a market value of nearly 35 billion yuan, as well as an entrepreneurial epic from borrowing 4000 yuan to creating a billion dollar business kingdom. Behind him, a succession arrangement involving billions of assets quietly unfolds in a unique way that combines clarity, rationality, and warmth. This story of inheritance distribution precisely reflects the deeply rooted family values and business wisdom of this first generation entrepreneur.

一场深思熟虑的传承——遗产分配中的家族智慧与企业稳定

A thoughtful inheritance - family wisdom and corporate stability in inheritance distribution

Tang Zhihua, son of Tang Aoqi and chairman of Xinquan Shares

On the evening of December 3, 2025, a statement from Xinquan Corporation calmly demonstrated to the outside world how this business family handles the inheritance of huge wealth. Behind this announcement is an asset arrangement that has been meticulously designed by law and deeply considered emotionally. The core of it is a remarkable decision made by Ms. Zhu Yuqin, the spouse of Tang Aoqi, to voluntarily give up her inheritance rights and donate all of her equity to her children without compensation.

According to the Civil Code, Tang Aoqi's 51% equity in Xinquan Investment is first recognized as joint property of the couple. This means that 50% (i.e. 25.5% equity of Xinquan Investment) already belongs to his spouse Zhu Yuqin, while the other 50% belongs to Tang Aoqi's estate. According to the statutory inheritance order, Zhu Yuqin, along with her children Tang Zhihua and Tang Meihua, are the first order heirs and should have jointly inherited the 25.5% equity.

However, Zhu Yuqin's choice was unexpected by some people, but it was reasonable - she voluntarily gave up her inheritance rights, allowing Tang Zhihua and Tang Meihua to inherit all of her father's estate equally, each receiving 12.75% equity in Xinquan Investment.

What is even more touching is that she further donated all of her 25.5% equity (approximately 2.218 billion yuan based on the market value on the announcement date) to her children free of charge, which was equally divided between the siblings.