The share price of Vitasoy plummeted, and Gong announced the termination of cooperation with Vitasoy?

Yes, on July 5th, it was reported that Vitasoy was caught in a storm of public opinion. Artists Simon and Allen Studio issued a statement overnight, announcing the termination of all cooperation with Vitasoy brand.

Simon Studio issued a document: "Our company and Mr. Simon resolutely resist all forms of violence, terror and other extreme acts, resolutely safeguard social stability and the interests of the motherland, and always adhere to a zero tolerance attitude towards any violence and support for violence. From now on, our company and our artist Mr. Simon will terminate all cooperation with Vitasoy brand! "

Allen Studio issued a document: "Mr. Ren Jialun resolutely opposes any speech or behavior that violates national laws, undermines national unity and stability, and harms national interests."

Mainland China has become the most dependent market for Vitasoy International.

Starting from 20 18, Chinese mainland business began to account for more than half of the total business volume of Vitasoy. Wind data shows that in the last five fiscal years from 20 17 to 20021,the business income of Vitasoy in China increased from HK$ 2.67 billion to HK$ 5.01billion, and its proportion in the total income also increased from 49.3% to 66.6%.

According to public information, Vitasoy Group entered the Chinese mainland market on 1994 and established its first factory in Shenzhen. With the steady development of business, we have set up production bases in Shanghai, Foshan, Wuhan and Dongguan (under construction), and set up branches in Shanghai, Guangzhou and Shenzhen respectively.