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3285
In the world today
Lu Zhongfang

Lu Zhongfang

L. Zhongfang
-0.12% | - $-1.26M
$1.08 B ₹ 10,317 Cr
Real Time Net Worth #3285 Ranking as of 30 Aug 2026 By Forbes
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More on Lu Zhongfang

Gender

Female

Age

84Y

Country

China

Born On

January, 1942

Deceased

No

Relationship Status

Unknown

Children

1

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Education)

Primary Organization

Offcn Education Technology

Titles

Investor

Sources of Wealth

Education Technology

Industry

Education

About Lu Zhongfang

L u Zhongfang is a retired factory worker turned billionaire investor. She worked at a pesticides factory in Jilin province until her retirement in 1993. In 1999, she invested her savings into Offcn Education, a civil service exam preparation company founded by her son, Liu Yongxin. Her early financial support was crucial for the startup, which grew to become the dominant player in China's vocational education market.

Offcn Education went public via a backdoor listing on the Shenzhen Stock Exchange in 2019. Lu holds a controlling stake in the company, making her one of the wealthiest women in China. Although not involved in daily management, her initial investment has generated massive returns.

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Quick Reads

Early Life and Background

Lu Zhongfang is a Chinese businesswoman, the foundational investor whose wealth stems from the test preparation firm Offcn Education Technology (SZSE: 002607).

Lu retired from a pesticides factory in northern China's Jilin Province in 1993 and strategically invested in test preparation firm Offcn in 1999. Her son, Liu Yongxin, chairs Offcn and is also a billionaire.

  • Core Company: Offcn Education Technology (Test preparation).
  • Founding: Invested in Offcn in 1999.
  • Prior Career: Retired from a pesticides factory in 1993.

Career Journey of Lu Zhongfang

Lu Zhongfang’s career is defined by her successful pivot into the education sector through strategic investment. Her capital injection into Offcn in 1999 fueled its growth into a major national test preparation provider.

The company completed a backdoor listing at the Shenzhen Stock Exchange in 2019, securing the family's immense fortune. Her son, Liu Yongxin, now manages the business as chairman.

  • IPO Method: Completed a backdoor listing at the Shenzhen Stock Exchange in 2019.

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Lu Zhongfang's Timeline

1993:

Retired from a pesticides factory.

1999:

Invested in test preparation firm Offcn.

2019:

Offcn Education Technology completes a backdoor listing at the Shenzhen Stock Exchange.

Major Business Ventures and Investments

Lu Zhongfang's wealth is concentrated in her family's controlling stake in the publicly traded education giant, Offcn Education Technology.

  • Offcn Education Technology (SZSE: 002607): Foundational investor in the test preparation firm.
  • Family Governance: Son Liu Yongxin chairs the company and is also a billionaire.
  • Sector Focus: Education services, specializing in test preparation and career training.

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Philanthropy and Social Impact

Fashion, Style, and Lifestyle

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Quotes and Philosophy

No publicly available quotes.

Fun Facts & Trivia

  • She invested in Offcn Education Technology in 1999 after retiring from a pesticides factory.
  • Her son Liu Yongxin chairs Offcn and is also a billionaire.
  • Offcn completed a backdoor listing at the Shenzhen Stock Exchange in 2019.

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Sources & References

This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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