Wahaha: Currently, the only member of the employee stock ownership plan is Ms. Zong Fuli.

date
27/08/2025
Currently, according to the industrial and commercial registration, the equity of Wahaha Group is divided into three parts: Hangzhou Shangcheng District Wenshan Venture Investment Holdings Group holds 46% of the shares; Zong Fuli holds 29.4% of the shares, and the grassroots trade union joint committee of Hangzhou Wahaha Group Limited holds 24.6% of the shares. Previously, "Finance and Economics" has reported that the employee stock ownership plan is in a hidden state, which is a major variable in the actual controlling rights of the company. In 2018, under the leadership of Zong Qinghou, Wahaha conducted a large-scale stock repurchase for employees. The employee stocks were repurchased by the employee stock ownership plan at three times the price, converted into "dry stocks", which means not holding shares, but still enjoying the dividends of these shares. Both Wahaha employees and outsiders are not sure whether the employee stock ownership plan still has any employees after this stock repurchase, and what the actual situation is. In response to this, Wahaha Group for the first time written reply to "Finance and Economics" stated that the repurchase of the employee stock ownership plan occurred in 2018, and no one had ever raised any objections before Mr. Zong Qinghou's death. Currently, the only member of the ownership plan is Ms. Zong Fuli.