BEIJING, July 22,
2022 /PRNewswire/ -- RLX Technology Inc. ("RLX
Technology" or the "Company") (NYSE: RLX), a leading branded
e-vapor company in China, today
announced that one of its subsidiaries has obtained a License for
Manufacturing Enterprise from the department of tobacco monopoly
administration under the State Council of the People's Republic of China (the "State
Tobacco Monopoly Administration") to own the RELX brand and
manufacture RELX branded e-vapor rechargeable devices, cartridge
products, and products sold in combination with e-vapor
rechargeable devices and cartridge products in compliance with
China's Administrative Measures
for E-Cigarettes. The approved manufacturing capacity is 15,050,000
units of e-vapor rechargeable devices per year, 328,700,000 units
of cartridge products per year, and 6,100,000 units of disposable
e-vapor products per year. The valid term for the License for
Manufacturing Enterprise obtained is from July 18, 2022 to July 31,
2023.
Since the first quarter of 2022, the relevant government
authorities in China have issued a
series of implementing rules and guiding opinions to strengthen
oversight of e-cigarette products and regulate the e-cigarette
industry. These rules and opinions set forth that, among others,
all e-cigarette manufacturing enterprises must apply with the State
Tobacco Monopoly Administration and obtain a License for
Manufacturing Enterprise.
Ms. Ying (Kate) Wang, Co-founder,
Chairperson of the Board of Directors and CEO of RLX Technology,
commented, "This license represents an important milestone in our
strategic roadmap as we strive to comply with the new regulatory
requirements in a timely manner. We believe that we are
well-positioned to achieve compliance in our operations according
to schedule. To adapt to the new market dynamics and ensure
business development, we will, and will urge our business partners
to, continue making efforts to comply with all applicable
regulatory requirements, including, but not limited to, obtaining
requisite licenses and regulatory approvals, developing products
that meet the mandatory national standards, and processing all
transactions via the National E-cigarette Transaction Platform when
it is implemented. Looking forward, under regulatory guidance, as a
trusted e-vapor brand for adult smokers, we will remain committed
to providing high-quality products that deliver superior
performance and safety in strict compliance with legal and
regulatory requirements, while exploring new growth opportunities
in the industry."
About RLX Technology Inc.
RLX Technology Inc. (NYSE: RLX) is a leading branded e-vapor
company in China. The Company
leverages its strong in-house technology and product development
capabilities and in-depth insights into adult smokers' needs to
develop superior e-vapor products. RLX Technology Inc. sells its
products through an integrated offline distribution and retail
model tailored to China's e-vapor
market.
For more information, please visit: http://ir.relxtech.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "is/are likely to," "potential," "continue" and
similar statements. Among other things, the Company's strategic and
operational plans in this announcement contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
but not limited to statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the Company's growth strategies; its
future business development, results of operations and financial
condition; trends and competition in China's e-vapor market; changes in its
revenues and certain cost or expense items; the impact of COVID-19
pandemic to the Company's business operations; PRC governmental
policies, laws and regulations relating to the Company's industry,
as well as the Company's measures to comply with them; and general
economic and business conditions globally and in China and assumptions underlying or related to
any of the foregoing. Further information regarding these risks,
uncertainties or factors is included in the Company's filings with
the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of this
press release, and the Company does not undertake any obligation to
update such information, except as required under applicable
law.
For more information, please contact:
In China:
RLX Technology Inc.
Head of Investor Relations
Sam Tsang
Email: ir@relxtech.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
Email: RLX@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: RLX@tpg-ir.com
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SOURCE RLX Technology Inc.