Hong Kong Hongdao Group, a descendant of Lao Ji, wants to develop the mainland market again, so there is a case of purchasing a trademark license from the mainland's Guangzhou Pharmaceutical Group. Wong Lo Kat is a brand under the GPHL. Wang Fusheng is the brand owner and is currently worth 108 billion.

China's No. 1 trademark brand

In 1997, Guangzhou, a subsidiary of the GPHL The Wanglaoji Food and Beverage Branch of Yangcheng Pharmaceutical Co., Ltd. signed a trademark licensing contract with Hong Kong Hongdao Group and rented the red ones to Jiaduobao of Hongdao Group for use.

In 2000, the two parties signed a contract for the second time, agreeing that Hong Kong Hongdao Group would lease the "Wong Lo Kat" trademark until 2010.

Between 2002 and 2003, Hongdao Group signed a supplementary agreement with GPHL, extending the lease period to 2020.

On December 29 last year, the Wong Lo Kat trademark case entered arbitration proceedings because Chen, an important figure in Hongdao Group, bribed Li Yiming, the former vice chairman and general manager of GPHL, through

Using the method of HK$3 million, he obtained the third 10-year trademark lease contract at a low price and extended the contract from 2010 to 2020. This matter came to light and Li Yiming

accepted bribes. The crime was sentenced to life imprisonment.

On May 11, 2012, the trademark was awarded back to GPHL!