In the magnificent wave of China's reform and opening up, Hangzhou Wahaha E-commerce stands out among many enterprises with its excellent business development and innovation strength. Since its establishment in 2020, the company has been registered capital.
As a wholly-owned subsidiary of the company, the strong support behind it should not be underestimated.
There are unpredictable circumstances in the sky, and people have good and bad luck. In this cold February, we had to face a sad news - Mr. Zong Qinghou, the founder and chairman of Wahaha Group, passed away on February 25 at the age of 79 due to ineffective medical treatment. Mr. Zong has devoted his life to corporate development, and his extraordinary business wisdom and perseverance have contributed to the growth of Wahaha Group. His death is a huge and irreparable loss for the entire group and even the Chinese business community.
Inherit the legacy of our ancestors and carry the future of the enterprise. At such a critical juncture, Ms. Zong Fuli, the daughter of Zong Qinghou, was announced as the vice chairman and general manager of Hangzhou Wahaha Group, responsible for the day-to-day operations of the group, a decision that took effect on December 9, 2021. Ms. Zong is not a newcomer, she has been working in the business world for many years, accumulating a wealth of experience and unique insights. She once said frankly that as a second-generation entrepreneur, the outside world naturally has higher expectations and requirements for her. Faced with a lack of choice, she understands that only by staying true to the path can she lead these companies to a brighter future.
Ms. Zong Fuli's description of her father is full of respect and dependence. In her eyes, Mr. Zong Qinghou's status within Wahaha is like a "god-like existence", whether it is the strategic planning of the enterprise or the daily management of the problem, it is inseparable from his wise decision-making and decisive solution. Such an evaluation not only reflects Mr. Zong Qinghou's important influence within the company, but also highlights Ms. Zong Fuli's deep respect for her father.
In the face of the new market environment and changing business challenges, Hangzhou Wahaha E-commerce will continue to forge ahead and innovate to adapt under the leadership of Ms. Zong Fuli and adhering to the entrepreneurial spirit of Mr. Zong Qinghou.
Times change and consumer demand. We have reason to believe that under the leadership of Ms. Zong Fuli, Wahaha Group will be able to continue to maintain its position as an industry leader and write an even more brilliant chapter."
The death of Mr. Zong Qinghou is the end of an era and the beginning of a new era. At this new starting point, Ms. Zong Fuli shoulders a heavy responsibility and carries hope. We look forward to her wisdom and courage to lead Wahaha Group to a more prosperous future." Here, we would like to express our deepest condolences to Mr. Zong Qinghou and our most sincere wishes to Ms. Zong Fuli for her important position.