Key Points:
1.Ispire has obtained Malaysia's first and only nicotine product manufacturing license approved by both the federal and state governments.
2.Ispire will begin production and promotion of its nicotine products in Malaysia, and plans to increase the country's production lines from the current six to 80.
3.Ispire claims to be the only company in the country with full authorization for exporting, importing, and manufacturing.
According to a statement on the Ispire website on May 22nd, Ispire Technology Inc (Ispire) has announced that it has been granted a temporary license by the Malaysian government to manufacture nicotine products.
Ispire stated that the license is currently the first and only nicotine product manufacturing license approved by the federal and state governments in Malaysia, cementing Ispire's position as the only company in the country with full export, import, and production authorization.
Chief Executive Officer Michael Wang said that obtaining this temporary license is an important step for the company to move towards becoming a leading international e-cigarette hardware supplier. Ispire immediately began production and promotion of its nicotine products in Malaysia, with plans to increase the production lines from the current 6 to 80.
"We will meet regulatory requirements in Malaysia, and Ispire will be granted the country's first federal nicotine manufacturing license. By diversifying our production base, we are strategically reducing production risks and alleviating concerns about price increases due to geopolitical factors," said Michael Wang.
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