After the "Wamao Wine" scandal, Zong Zehou once again attracted attention.
Recently, due to equity disputes, Zong Zehou was forced to execute 63.17298 million. The company involved in the equity dispute is Dali Zongsheng Intelligent Technology Co., Ltd. (hereinafter referred to as "Dali Zongsheng") controlled by Zong Zehou.
After the incident fermented, Dali Zongsheng’s official Weibo issued a notice saying that it was essentially an ordinary equity transfer dispute. At present, the incident is still actively coordinated. "Due to the pain of the company encountering major business risks, the entrepreneur who has no choice but to break his trust is not the last chairperson Zongze."
It is worth noting that whether it is Zong Zehou himself or the company Dali Zongsheng, there are many cases of execution. At the same time, in 2022, Dali Zongsheng committed a breach of trust. When he was able to fulfill the obligations determined by the effective legal documents, he still refused to perform and became a dishonest person subject to execution.
On March 13, a reporter from the Times Weekly sent an email to Dali Zongsheng about the multiple executions, as well as the impact and reasons for the refusal to perform, but did not receive a reply as of press time. On the same day, the reporter called Dali Zongsheng many times. After the phone was connected, there was a murmur, and then there was no sound.
Fu Jian, director of Henan Zejin Law Firm, told the Times Weekly reporter that if the person subject to execution refuses to fulfill the judgment ruling, it may constitute the crime of refusing to execute the judgment ruling; if the circumstances are serious, it should also be subject to criminal punishment. At the company level, it may be subject to credit punishment in terms of administrative approval, government support, financing credit, market access, qualification certification, etc.
1. Repeatedly becoming a person subject to execution
Tianyancha shows that recently, Zong Zehou was forcibly executed for 63.17298 million yuan. The related case is a dispute between Ningbo Meishan Bonded Port District Kailing Jiayin Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Kailing Jiayin") and Zong Zehou related equity transfer disputes. The enforcement court is the People’s Court of Yuhang District, Hangzhou.
Layers of equity penetration found that Kailun Jiayin holds a 4.74% stake in Dali Zongsheng. The dispute revolves around between Kailun Jiayin and Dali Zongsheng.
Founded in 2016, Dali Zongsheng is an enterprise mainly engaged in software and information technology services. From the perspective of business scope, Dali Zongsheng’s business span is relatively large. Covering technology development consulting, clothing and shoes, catering services, animation design, handicrafts, credit-enhancing telecommunications business, etc.
The actual controller of Dali Zongsheng is Zongze. It should be noted that Dali Zongsheng has multiple information about the person to be executed. Tianyancha shows that from November 2022 to February 2023, during the four-month period, Dali Zongsheng has a total of 7 information about the person to be executed, and the total amount to be executed exceeds 10 million yuan.
Fu Jian said that being frequently included as a person subject to execution will reduce the company’s business reputation and social evaluation, increase its business risks, and also face various blows from financing and the market.
It is worth mentioning that, in addition to multiple pieces of information about the person subject to execution, Dali Zongsheng also became a dishonest person subject to execution due to his unwillingness to fulfill his obligations under effective legal documents.
In 2022, Dali Zongsheng refused to fulfill the obligations determined by the effective legal documents because of his ability to perform, and was listed as a dishonest person subject to execution by the Xiangyun County People’s Court. The obligations determined by the effective legal documents were that the person subject to execution paid the applicant 88,116 yuan in compensation and 7,343 yuan in labor remuneration. In the end, all the persons subject to execution failed to perform.
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Image credit: Tianyancha
Focusing on Zongze Hou, this is not the first time Zongze has become an executor. On December 2, 2022, due to a dispute over a financial lease contract, Zongze Hou was forced to execute more than 4.822218 million yuan and was subsequently restricted from consumption. From this calculation, Zongze’s last two executions exceeded 67.99 million yuan.
On the evening of March 10, Dali Zongsheng issued an announcement on its official Weibo, saying that at present, the incident is still being actively coordinated. The announcement also disclosed the company’s situation in the past two years, "tens of thousands of units of nearly one billion yuan of financial leasing equipment have lost the support of consumption water." Dali Zongsheng sighed, "The entrepreneur who suffered and suffered because the company encountered major business risks and had no choice but to break his trust is more than the last chairperson Zongze."
2. Second shareholder Zong Qinghou resigns as director
Zong Zehou is the third brother of Zong Qinghou, chairperson of Wahaha, and one of the founders of Wahaha. Zong Zehou can be seen in customer group positioning and product development.
In 1989, Zongze later developed Wahaha fruit milk; in 1991, he participated in hosting Wahaha’s acquisition of Hangzhou Cannery; and then went to the United States to sell Wahaha canned food.
Like his brother Zong Qinghou, Zong Zehou also has a drink dream. Zong Zehou once said that he is different from his brother. "You also need to set a high threshold for making drinks" and "my company will definitely go to the market in the future".
In 2012, Zhejiang Howek Food and Beverage Co., Ltd. was established, with Zong Zehou as the legal representative, chairperson and general manager.
In 2016, after taking a fancy to the vending machine, Zongze joined forces with Wahaha to establish Dali Zongsheng, quickly building an ecological chain of vending.
Tianyancha shows that the chairperson and directors of Dali Zongsheng are Zong Zehou and Zong Qinghou respectively. In terms of shareholding structure, Dali Zongsheng’s * and two major shareholders are Hangzhou Zongcheng Investment and Zhejiang Wahaha Venture Capital, with shareholding ratios of 48.43% and 15.62% respectively. Among them, Hangzhou Zongcheng Investment’s major shareholder is Zong Zehou, and the shareholding ratio exceeds 60%. Zhejiang Wahaha Venture Capital is controlled by Zong Qinghou. That is to say, the Zong brothers have a total shareholding ratio of 64.05% to Dali Zongsheng and have * control.
Although "holding hands" Wahaha, in fact, it was not until last year that Dali Zongsheng came out of the circle for the research and development of Warmao wine.
In September 2022, a product called "Wamao Liquor" caused heated discussions among netizens. On the one hand, the product design and price "collide with Shirt" Moutai. From the appearance point of view, it is similar to Feitian Moutai; in terms of price, the guide price is 1499 yuan/bottle, and it is also a sauce wine. On the other hand, Wamao Liquor may be related to the time-honored brand Wahaha.
In an article on the WeChat official account of Hangzhou Warmao Wine Industry Co., Ltd. (hereinafter referred to as "Warmao Wine Industry"), the poster printed with "Warmao Wine" said that in 2016, Wahaha invested in the establishment of Zongsheng Intelligent, and in 2022, Zongsheng Intelligent invested in the establishment of Warmao Wine Industry.
Tianyancha shows that the majority shareholder of the baby mao wine industry is Dali Zongsheng, with a shareholding ratio of 70%. But when the public opinion is hot, Wahaha urgently issued a statement saying that Wahaha has nothing to do with baby mao wine.
On March 10, a reporter from Times Weekly sent an email to Wahaha regarding the product correlation between Dali Zongsheng and Wahaha, but as of press time, no reply has been received yet.
On March 13, Wahaha internal employees told the Times Weekly reporter that in March 2022, Zong Qinghou had submitted an application to the board of directors of Dali Zongsheng to resign from his directorship, and had been urging Zongsheng to advance the relevant legal process. But will Zong Qinghou’s shareholding ratio in Dali Zongsheng change? The employee did not respond.
If Zong Qinghou is still the second largest shareholder of Dali Zongsheng, will it be affected?
Fu Jian said, "If the equity is frozen, it may affect the rights and interests of other shareholders. If the applicant for execution applies to add a second shareholder as the person to be executed in the case, if the shareholder meets specific circumstances and after going through legal procedures, the additional second shareholder can be responsible for the company’s debts within the scope of its subscribed funds."
In the announcement, Dali Zongsheng said, "In the midst of the company’s difficulties, the chairperson and president Wu Jian team did not give up development, insisted on serving customers, and actively dealt with creditor’s rights and debts."