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ye xinran, a reporter from economic observer on september 19, economic observer learned from wahaha internal employees that wahaha held a staff representative meeting on september 18. in response to the rumor that "wahaha will cancel dividends and reduce salaries", zong fuli said at the meeting that wahaha will not cancel dry stock dividends this year and the salary structure will not change. however, dividends will be based on individual job performance, rather than just past qualifications or levels. zong fuli bluntly stated that there is still a mental inertia of "free riding" and "riding the express boat" within wahaha. the purpose of introducing the "catfish" of performance is to break the big pot meal.

on september 19, the "wahaha home" public account, whose account subject is authenticated as hangzhou wahaha group co., ltd., published an article titled "accumulate new strength, open a new situation, achieve results, and enjoy results - wahaha holds the sixth session of the eighth employees' congress."

the article shows that on september 18, wahaha group held the sixth meeting of the eighth session of the employees' congress. zong fuli, chairman and general manager of wahaha group, attended the meeting. 162 employee representatives attended the meeting, and nearly 100 factory directors and key employees in hangzhou attended the meeting as observers.

zong fuli expressed her wishes and hopes at the three levels of employees, management and company in her speech. for the majority of employees, she hopes that everyone can have self-drive, exploration and determination. for the management, she hopes that every cadre above the section level can become a leader of change and build a good team by themselves. at the company level, she mentioned that she hopes wahaha will step onto the world stage and let chinese brands stand out among the world brands. use a comprehensive corporate system to achieve refined management of wahaha. it is necessary to comprehensively sort out various business processes, improve operational efficiency, enhance coordination capabilities, reduce risks, and promote corporate innovation and development.

regarding the issue of dividend distribution, wahaha had a collective rights protection incident among employees. economic observer learned from several wahaha internal employees that recently, wahaha group required employees to sign labor contracts with hongsheng beverage and cancel dividend distribution, for which internal employees launched a collective rights protection.

the source of dry stock dividends can be traced back to the equity incentive system established by wahaha in its early years. according to data, wahaha launched an employee stock incentive system in 1999. in 2003, all wahaha employees held shares. in 2018, the total number of wahaha shareholders exceeded 15,000.

in 2018, wahaha launched a share repurchase. according to media reports at the time, in 2018, wahaha repurchased shares from shareholding employees at a price of 3 yuan per share (2.6 yuan per share after deducting 0.4 yuan), of which 2 yuan was paid to shareholding employees in the form of special dividends and 1 yuan was used as the share repurchase price.

in april 2018, wahaha responded to the media that in order to better motivate employees, it would buy back all the original shares at a high price. at the same time, the total annual dividend would remain unchanged, but would be re-evaluated as dry shares based on positions and performance.

previously, a former wahaha employee told reporters that for some cadres, the income from stock dividends accounted for more than 50% of their annual income.

on the afternoon of september 8, a weibo user named "加油whh" published a weibo post titled "a public statement on the collective rights protection of wahaha employees". the statement was signed by the "wahaha employee rights protection liaison committee". the statement stated that recently, the collective requirements for wahaha employees to sign contracts, completely abolish the employee stock ownership system, and dispose of the employee stock ownership association's external investments at unfair prices have caused strong dissatisfaction among wahaha employees, who have expressed their willingness to protect their rights in various forms. in the process, the employees spontaneously formed a rights protection liaison committee to protect their legal rights.

regarding zong fuli's response to the employee representative meeting on september 19 that "the dividend distribution of dry shares will not be cancelled this year", some wahaha internal employees expressed doubts, saying that the report specifically emphasized that "the dividend distribution of dry shares will not be cancelled this year", so how will it be arranged next year and the year after? in the long run, since the "dry shares" dividend distribution method is still virtual, the future dividend income of more than 10,000 wahaha employees cannot be fundamentally guaranteed.