TMTPOST – Wahaha Food Co. Ltd. in Hangzhou underwent a significant corporate change, and Zong Fuli officially took over as the legal representative and chairman, following Zong Qinghou’s retirement from these roles. In addition, Zong Fuli will also serve as the company’s director and manager. Several key personnel have also been changed. Founded in October 1992, Wahaha Food has a registered capital of about 2.42 billion RMB, and its business focuses on food sales. The company is jointly held by Hangzhou Wahaha Hongzhen Investment Co. Ltd., Hangzhou Wahaha Group Co. Ltd., and Zhejiang Wahaha Industrial Co. Ltd.