Jiangxi Hon Hai is the controlling shareholder and actual manager of Wanglaoji. Jiangxi Hon Hai Group, after taking control of China Golden Tea, acquired a 49% stake in Wong Lao Kat Co., Ltd., the manufacturer of Wong Lo Kat, in 2016. According to relevant reports, the acquisition transaction involved an amount of up to 20 billion yuan, making it one of the largest food acquisitions in China at the time. Therefore, it can be said that the relationship between Wong Lo Kat and Jiangxi Hon Hai is that Jiangxi Hon Hai became the controlling shareholder and actual manager of Wong Lao Kat through acquisition. Jiangxi Hon Hai Group is a large enterprise group headquartered in Nanchang, Jiangxi Province. Its business areas include food and beverage, real estate, investment and other fields. Wong Lo Kat is a well-known beverage brand whose products include herbal tea and many other beverages.