Legend Holdings has become a private enterprise in the system after introducing Minhai, a private capital. The founder, Liu Chuanzhi, is also the first person to take charge of Legend Holdings. Liu Chuanzhi, 65 years old, took over as chairman, and his succession plan has also entered the substantial stage. "I do have the problem of stepping back," said Liu Chuanzhi. In the Legend Holdings system, there are six people who are expected to become successors.