The judgment in the inheritance dispute case of Wahaha Group founder Zong Qinghou: The Hong Kong High Court rules that Zong Fuli is temporarily prohibited from using assets in the HSBC account in Hong Kong

On August 1st, the inheritance dispute case of Wahaha Group founder Zong Qinghou was ruled by the Hong Kong High Court. The judgment confirmed that the assets in the bank account of Jianhao Venture Capital Limited at HSBC Holdings in Hong Kong are trust properties benefiting the three plaintiffs: Zong Jichang, Zong Jieli, and Zong Jisheng. The judge ordered the defendant, Zong Fuli, not to withdraw or transfer any assets from the relevant accounts, and the injunction will remain in effect until there is a final ruling from the Hangzhou Intermediate People's Court and the Zhejiang High People's Court. The defendant is also required to bear fiduciary responsibility for the trust property and must explain the whereabouts of the trust property. The plaintiffs requested the court to order the defendant to pay interest earnings to the plaintiffs, based on USD 2.1 billion, while the defendant must compensate the plaintiffs for the unauthorized transfer of trust property, temporarily calculated at USD 1.085 million. After the transition period of the trust ends, Party A will no longer participate in any management of the trust, which will be entirely managed by Party B. According to media reports, the three plaintiffs, Zong Jichang, Zong Jieli, and Zong Jisheng, claim to be half-siblings of the current head of Wahaha, Zong Fuli. This is the first time the identities of the three siblings have been revealed. Previously, the public long believed that Zong Fuli was the only daughter of Zong Qinghou