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Wahaha and its shareholders did not respond to rumors of Zong Fuli's resignation

2024-07-18

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Today, a resignation letter from Zong Fuli, vice chairman of Wahaha Group, circulated on the Internet.

In this regard, on July 18, China Business News asked Wahaha about this, but the other party did not respond. Later, the reporter called Hangzhou Shangcheng District Cultural, Commercial and Tourism Investment Holding Group Co., Ltd., one of the shareholders of Wahaha Group, and the other party did not respond to the authenticity of the incident, but said: "Go ask Wahaha."

People close to Wahaha revealed that several senior executives of Wahaha had left the company recently, but refused to disclose more information. A former Wahaha executive said that this was true.

The resignation letter circulated on the Internet shows that Zong Fuli said that recently, the People's Government of Shangcheng District, Hangzhou City and some shareholders of Hangzhou Wahaha Group Co., Ltd. ("Wahaha Group") questioned the rationality of her management of Wahaha Group since the death of Chairman Zong Qinghou, which made it impossible for her to continue to perform her management responsibilities for Wahaha Group and its holding companies. Therefore, I decided to resign from the positions of Vice Chairman and General Manager of Wahaha Group from today and no longer participate in its management. Zong Fuli said that she had delivered the above-mentioned resignation letter to Hangzhou Wahaha Group Co., Ltd. and all its shareholders, and also urged the relevant parties to take a responsible attitude, re-elect the general manager in accordance with the procedures stipulated in the articles of association in a timely manner and have him perform management duties, ensure the normal operation of Wahaha Group, and safeguard the common interests of Wahaha Group, customers and all employees in accordance with the law. In recent years, Zong Fuli has gradually deepened her involvement in the business of Wahaha Group. Zong Fuli has served as the head of the brand public relations department of Wahaha Group since April 2018, and has served as the deputy general manager of Wahaha Group Sales Company since March 2020. In April 2023, Hangzhou Wahaha Feichang Cola Beverage Co., Ltd. underwent industrial and commercial changes, and Zong Fuli was added as a director.