In addition, The Paper reporter also called the company’s largest shareholder, Hangzhou Shangcheng District Cultural and Commercial Tourism Investment Holding Group Co., Ltd., and an operator confirmed that he was a member of the group. He said, “The unofficial content of Shangcheng District Cultural and Commercial Tourism Investment Holding Group Co., Ltd. The holding group is unlikely to make any disclosures, and the impact involved is too great, so we are unlikely to give you a clear answer." The relevant person in charge is further verifying with the company's senior management and Wahaha, and there will be an official notification later.
Many Wahaha companies responded to The Paper reporter’s response to the news of Zong Fuli’s resignation reported online that they had not received relevant news.
Zhejiang Wahaha Industrial Co., Ltd. staff responded to The Paper reporter and said that they had not received relevant notifications. A staff member of Hangzhou Wahaha Food Co., Ltd. told The Paper, "No similar notification has been received."
Screenshot of an online transmission
Recently, a "Letter to All Employees of Wahaha Group" was circulated on the Internet, signed by Zong Fuli. The letter mentioned that because some shareholders of Wahaha Group have questioned the rationality of Zong Fuli’s management of Wahaha Group since the death of Chairman Zong Qinghou, Zong Fuli is unable to continue to perform management of Wahaha Group and its holding companies. Zong Fuli has decided to resign from her position as Vice Chairman and General Manager of Wahaha Group with immediate effect and will no longer participate in its operation and management.
According to China Business News, people close to Wahaha revealed that several senior executives of the company have left the company some time ago, and a former executive claimed that Zong Fuli’s resignation was true.
Hangzhou Wahaha Group Co., Ltd. was founded in 1987. It started with three people and a loan of 140,000 yuan, and has developed into one of the world's leading food and beverage manufacturers. It is one of the top 500 Chinese enterprises and the top 500 Chinese private enterprises.
According to the Tianyancha app, among the shareholders of Hangzhou Wahaha Group Co., Ltd., Hangzhou Shangcheng District Cultural and Commercial Tourism Investment Holding Group Co., Ltd. holds 46% of the shares, Zong Qinghou holds 29.4%, and the Hangzhou Wahaha Group Co., Ltd. Grassroots Trade Union Joint Committee (Employee Holding) Stock Exchange) holds 24.6% of the shares.
Hangzhou Shangcheng District Cultural, Commercial and Tourism Investment Holding Group Co., Ltd. is a wholly-owned subsidiary of Shangcheng District State-owned Capital Operation Group Co., Ltd., which is 100% controlled by the District Finance Bureau.
On February 25 this year, Zong Qinghou, founder and chairman of Wahaha Group, passed away at the age of 79. Zong Fuli is the daughter of Zong Qinghou. She was born in 1982. She went abroad to study at the age of 14. She returned to China in 2004 and started working in production management in the Wahaha workshop. She is now the vice chairman and general manager of Wahaha Group.
Source: The Paper reporter Shao Bingyan Yao Shilu Fan Jialai
