On December 6th, Jiayao Holdings Limited (01626.HK), a publicly listed company on the Hong Kong Stock Exchange, announced the formal launch of a new tobacco research project. The company has established Jiayao Science and Technology Research Limited (Research Institute) in Shenzhen, aiming to leverage its industry chain advantages to collaborate with scientific research institutions in forming joint research teams for the development of underlying technologies and new materials. The Research Institute was established on October 20th, 2023, with Mr. Wang Yiqi, the Vice President of the company, leading the project.
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