娃哈哈任命许思敏为总经理，董事长职务空缺

Core Insights - Wahaha Group's board meeting on October 10 resulted in the resignation of Zong Fuli and the appointment of Xu Simin as the new general manager, leaving the chairman position vacant [1] - Zong Fuli's resignation is linked to trademark compliance issues, leading her to focus on her new brand "Wawa Xiaozong" [1][5] - The ownership structure of Wahaha is complex, with the largest shareholder being a state-owned enterprise holding 46%, while Zong Fuli holds 29.40% [1] Brand Transition - The new brand "Wawa Xiaozong" was introduced to the public in mid-September, with plans to replace the Wahaha brand starting from the 2026 sales year [2] - Zong Fuli's leadership has seen significant reforms and expansions within her controlled entities, separate from Wahaha Group [2] Market Challenges - Analysts express skepticism about the success of "Wawa Xiaozong," citing the competitive beverage market and the challenges of attracting distributors [6][7] - The new brand's social media presence has grown rapidly, with over 5,000 followers on its Weibo account shortly after its launch [5]