Yinghe Technology: No Plans for Domestic E-Cigarette Sales; MEMERS and VFLY Focus on the US Market

Jan.21

Investor inquiries prompt Yinghe Technology to confirm subsidiary Sikary has obtained e-cigarette production license, focusing on overseas market.

Recently, an investor on an interactive platform asked Yinghe Technology (300457.SZ) whether its subsidiary Sikary has obtained the production and sales license from the State Tobacco Monopoly Administration, and if the company plans to sell e-cigarettes domestically.

In response, Yinghe Technology stated that its subsidiary Sikary has obtained the Tobacco Monopoly Administration's "Tobacco Monopoly production enterprise license" (for e-cigarette production enterprises). Currently, Sikary's e-cigarette products are all exported, primarily to overseas markets, and the company does not currently have any plans for domestic sales.

In addition, the company revealed that Sikary's experience store opened in the UK in 2024 has officially started operating and is performing well. Its e-cigarette brands MEMERS and VFLY are focused on promoting and selling products in the US market.

References:

[1] 请问董秘，贵公司子公司斯科尔在英国是否首发设立体验店？子品牌MEMERS首发上市国家是哪个？另外VFLY的首发上市国家是哪里？

[2] 请问董秘，贵公司子公司斯科尔在英国是否首发设立体验店？子品牌MEMERS首发上市国家是哪个？另外VFLY的首发上市国家是哪里？

Also Read:

[1] Sikary, VOZOL, and Geekvape Pod-System Compared: All Feature High-Definition Display Screens

[2] Sikary MEMERS VAPE Unveils WuKong Series: 2+10, Disposable, and Ice & Nic Control Products

[3] Sikary VFLY SUPER DTL: The World's First Pod-System E-Hookah?

[4] Inquiry about Yinghe Technology's Overseas E-cigarette Business Answered

[5] Yinghe Technology: Sikary's E-Cigarette Business Focuses on Overseas Markets with USD Settlements

[6] Yinghe Technology Expands Skorn Nicotine Pouch Business, Extends E-Cigarette Reach to Russia and Southeast Asia

#Asia #Open system e-cigarettes #Market #China

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