刚刚！宗馥莉，输了！

Core Viewpoint - The inheritance dispute over the estate of the late founder of Wahaha, Zong Qinghou, has seen a significant development, with Zong Fuli losing the first round in court regarding the management of assets in a HSBC account [2][4]. Summary by Sections Court Decision - On August 1, 2023, the Hong Kong High Court issued a decision prohibiting Zong Fuli from transferring or withdrawing any assets from the HSBC account associated with Jian Hao Ventures Limited until the conclusion of related litigation in mainland China [5][6]. - The court mandated Zong Fuli to disclose the current balance, asset movements, and complete financial records of the HSBC account [6]. Parties Involved - The plaintiffs in the case are Zong Jichang, Zong Jieli, and Zong Jisheng, who are the illegitimate children of Zong Qinghou, while the defendant is Zong Fuli, the legitimate daughter and current chairperson of Wahaha [7][6]. Company Assets - As of May 31, 2024, Jian Hao Ventures Limited holds approximately $1.799 billion (equivalent to 141 billion HKD) in its HSBC account, primarily consisting of bonds, fixed-income assets, and some cash [7]. - The family trust established by Zong Qinghou includes three separate trusts, with a total value of $2.1 billion, benefiting his three illegitimate children and their descendants [7][8]. Trust Agreement - The trust is structured as a non-discretionary trust, meaning that the principal amount remains invested, and only interest income is distributed to the beneficiaries [8][11]. - Zong Qinghou had previously instructed Zong Fuli to establish these trusts, with specific beneficiaries outlined for each trust [10][11]. Financial Transactions - The court has prohibited Zong Fuli from disposing of or diminishing the value of the assets in the HSBC account [12]. - A transfer of $1.0851 million from the HSBC account has been contested, with Zong Fuli's defense claiming it was for the payment of equipment for a factory in Vietnam, supported by contracts and invoices [13].