Hong Kong Consumer Council Issues Apology to $48 Billion China Bottled Water Giant Nongfu Spring for Misclassifying Nongfu Products & Claiming Products Hit European Union Limit for Bromate Content
19th July 2024 | Hong Kong
Hong Kong Consumer Council has issued an apology to $48 billion (market value) China bottled water giant Nongfu Spring for misclassifying Nongfu products, and claiming the products hit European Union (EU) limit for bromate content (water sample). In 2024 March, Nongfu Spring founder Zhong Shanshan remained as China richest in 2023 for the 4th straight year with $62 billion fortune, and is ranked 21st richest in the world.
“ Hong Kong Consumer Council Issues Apology to $48 Billion China Bottled Water Giant Nongfu Spring for Misclassifying Nongfu Products & Claiming Products Hit European Union Limit for Bromate Content “
China Bottled Water Giant Nongfu Spring Founder Zhong Shanshan Remains as China Richest in 2023 for 4th Straight Year with $62 Billion Fortune & Ranked 21st Richest in the World, 814 Billionaires in China in 2023, 800 Billionaires in United States, Total of 3,729 Billionaires in the World with Combined $15 Trillion Wealth in 2023
30th March 2024 – China bottled water giant Nongfu Spring founder Zhong Shanshan has remained as China richest in 2023 for 4th straight year with $62 billion fortune, and is ranked 21st richest in the world. There are 814 billionaires in China in 2023, 800 billionaires in United States, and total of 3,729 billionaires in the world with combined $15 trillion wealth in 2023. Founded in 1996, Nongfu Spring is China’s largest packaging water supplier, holding the number one spot for market share and is one of the top 20 beverage companies in China.
Zhong Shanshan, Founder, Chairman of the Board, General Manager
Mr. Zhong Shanshan was born in 1954. He founded Nongfu Spring in September 1996, acts as the Chairman of the Board, Executive Director and General Manager of the Company, as well as the Chairman of the Nomination Committee and a member of the Remuneration Committee of the Board of the Company. Mr. Zhong Shanshan is responsible for overall development strategies, business plans and major operational decisions of the Company and direct management of brands and human resources, etc. Prior to the establishment of the Company, Mr. Zhong Shanshan founded Yangshengtang in March 1993 and currently acts as the Chairman of Yangshengtang. Mr. Zhong Shanshan has nearly 30 years of extensive experience in the food and soft beverage industry.
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