Wahaha Group was founded by Zong, the founder and current chairman of Wahaha Group. Wahaha is not entirely owned by Hou Qing, because the ownership structure of Wahaha Group is more complicated. Zong Houqing himself holds 29.4% of the shares of Wahaha Group, making him the second largest shareholder, while Wahaha Employee Stock Ownership Association holds the remaining 24.6%. The largest shareholder of Wahaha Group is Hangzhou Shangcheng Wenshang Tourism Investment Holding Group Co., Ltd., holding 46% of the shares. The company is controlled by Shangcheng Finance Bureau, Shangcheng State-owned Assets Supervision and Administration Commission and Shangcheng State-owned Capital Operation Company 100%, and wholly owned by Shangcheng District of Hangzhou. Therefore, although Zong is the founder of Wahaha Group and still occupies an important position in the company, he cannot completely control Wahaha Group. Wahaha Group's shareholding structure and shareholding structure reflect Zong Hou Qing's respect for employees and consideration for the company's long-term development.