RLX Know-how Obtains License for Manufacturing Enterprise in China

Rate this post


BEIJING, July 22, 2022 /PRNewswire/ — RLX Know-how Inc. (“RLX Know-how” or the “Firm”) (NYSE: RLX), a number one branded e-vapor firm in China, at this time introduced that one in every of its subsidiaries has obtained a License for Manufacturing Enterprise from the division of tobacco monopoly administration beneath the State Council of the Individuals’s Republic of China (the “State Tobacco Monopoly Administration”) to personal the RELX model and manufacture RELX branded e-vapor rechargeable gadgets, cartridge merchandise, and merchandise bought together with e-vapor rechargeable gadgets and cartridge merchandise in compliance with China’s Administrative Measures for E-Cigarettes. The authorised manufacturing capability is 15,050,000 items of e-vapor rechargeable gadgets per 12 months, 328,700,000 items of cartridge merchandise per 12 months, and 6,100,000 items of disposable e-vapor merchandise per 12 months. The legitimate time period for the License for Manufacturing Enterprise obtained is from July 18, 2022 to July 31, 2023.

For the reason that first quarter of 2022, the related authorities authorities in China have issued a sequence of implementing guidelines and guiding opinions to strengthen oversight of e-cigarette merchandise and regulate the e-cigarette trade. These guidelines and opinions set forth that, amongst others, all e-cigarette manufacturing enterprises should apply with the State Tobacco Monopoly Administration and procure a License for Manufacturing Enterprise.

Ms. Ying (Kate) Wang, Co-founder, Chairperson of the Board of Administrators and CEO of RLX Know-how, commented, “This license represents an necessary milestone in our strategic roadmap as we attempt to adjust to the brand new regulatory necessities in a well timed method. We consider that we’re well-positioned to realize compliance in our operations in keeping with schedule. To adapt to the brand new market dynamics and guarantee enterprise growth, we are going to, and can urge our enterprise companions to, proceed making efforts to adjust to all relevant regulatory necessities, together with, however not restricted to, acquiring requisite licenses and regulatory approvals, growing merchandise that meet the obligatory nationwide requirements, and processing all transactions through the Nationwide E-cigarette Transaction Platform when it’s applied. Wanting ahead, beneath regulatory steerage, as a trusted e-vapor model for grownup people who smoke, we are going to stay dedicated to offering high-quality merchandise that ship superior efficiency and security in strict compliance with authorized and regulatory necessities, whereas exploring new progress alternatives within the trade.”

About RLX Know-how Inc.

RLX Know-how Inc. (NYSE: RLX) is a number one branded e-vapor firm in China. The Firm leverages its sturdy in-house know-how and product growth capabilities and in-depth insights into grownup people who smoke’ must develop superior e-vapor merchandise. RLX Know-how Inc. sells its merchandise by an built-in offline distribution and retail mannequin tailor-made to China’s e-vapor market.

For extra data, please go to: http://ir.relxtech.com.

Protected Harbor Assertion

This announcement accommodates forward-looking statements. These statements are made beneath the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology similar to “might,” “will,” “count on,” “anticipate,” “intention,” “estimate,” “intend,” “plan,” “consider,” “is/are more likely to,” “potential,” “proceed” and comparable statements. Amongst different issues, the Firm’s strategic and operational plans on this announcement include forward-looking statements. The Firm might also make written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Trade Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic details, together with however not restricted to statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a few elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the Firm’s progress methods; its future enterprise growth, outcomes of operations and monetary situation; developments and competitors in China’s e-vapor market; modifications in its revenues and sure value or expense gadgets; the impression of COVID-19 pandemic to the Firm’s enterprise operations; PRC governmental insurance policies, legal guidelines and laws regarding the Firm’s trade, in addition to the Firm’s measures to adjust to them; and basic financial and enterprise situations globally and in China and assumptions underlying or associated to any of the foregoing. Additional data relating to these dangers, uncertainties or elements is included within the Firm’s filings with the U.S. Securities and Trade Fee. All data supplied on this press launch is present as of the date of this press launch, and the Firm doesn’t undertake any obligation to replace such data, besides as required beneath relevant regulation.

For extra data, please contact:

In China:

RLX Know-how Inc.
Head of Investor Relations
Sam Tsang
E mail: [email protected]

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E mail: [email protected]

In america:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E mail: [email protected]

SOURCE RLX Know-how Inc.


Supply hyperlink