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A few words about Zong Qinghou's trust for his three illegitimate children. There are some common knowledge points that many netizens still don't understand.
First, the court ruling shows that these three children are confirmed to be the biological children of Zong Qinghou, with birth certificates. From a young age, Zong Fu Li has also known this, and they have lived together for decades. The injunction issued by the Hong Kong court also affirms the father-son relationship between the three children and Zong Qinghou, without any self-proclaimed terms. There is no sudden emergence from nowhere, nor any rumors about being the children of an uncle.
Second, the trust was established with clear documentation, setting up a trust of 700 million dollars for each of the three children. The trust is genuinely in existence. Zong Fuli also signed an agreement with the three children, ensuring the completion of the establishment of the 2.1 billion dollar trust. When Zong Qinghou was critically ill, he urged Zong Fuli to complete the funding as soon as possible. However, Zong Fuli delayed or was unwilling, which resulted in only 1.8 billion dollars being in place at the time of Zong Qinghou's death.
Third, many netizens say that 1.8 billion USD is a lot and that it involves the loss of state-owned assets, and the state can reclaim it. This somewhat looks down on Zong Qinghou. Zong Qinghou has long been the richest man in China, and this amount of money is nothing. Nongfu Spring is now valued at over 500 billion, and Wahaha's revenue and net profit are both higher than Nongfu Spring, making it worth even more than Nongfu Spring. Nongfu Spring's net profit last year was 12.1 billion, and Wahaha must be more than this.
Due to historical reasons, the state-owned assets have not received any dividends, with over 10 billion in net profit each year, most of which is in the hands of the Zong family. In simple terms, Zong Fuli inherits the Wahaha Group, which is worth several hundred billion, and this amount of money is just a small fraction for the three illegitimate children.
Fourth, this lawsuit will most likely be settled privately in the end, with no clear winner or loser, and no party completely eliminated. Zong Fuli has signed a document with the three illegitimate children, stating that if the $2.1 billion trust does not come into effect, they also have the right to inherit other assets of Zong Qinghou.
Du Jianying and her three children have filed a lawsuit. First, Zong Fuli has been delaying the establishment of the trust and even wants to include her own children as beneficiaries. Second, Zong Fuli has closed 18 factories in which Du Jianying holds shares.
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