Max (Shenzhen) Electronic Technology Co., Ltd. Declared Bankrupt

Dec.18.2024

Shenzhen Baotou District People's Court announces bankruptcy liquidation of Max (Shenzhen) Electronic Technology Co., Ltd.

Recently, the People's Court of Baoan District, Shenzhen, Guangdong Province, issued a notice announcing the bankruptcy liquidation of Max (Shenzhen) Electronic Technology Co., Ltd. (hereinafter referred to as "Max Company").

The court, in a statement, announced that it has transferred Max Company to bankruptcy liquidation as requested by the applicant for execution, Dongguan Shuoxinda Technology Co., Ltd., on December 12, 2024, on the grounds that Max Company is unable to pay its due debts and its assets are insufficient to cover all debts.

According to the announcement, the court has made this decision in accordance with Article 10, Paragraph 1 of the Enterprise Bankruptcy Law of the People's Republic of China. The court also specifically pointed out that if Max Company has any objections to this decision, they should raise them in writing within seven days of receiving the notice and provide relevant evidence materials.

Previously, 2Firsts received a tip from a source in the e-cigarette industry, stating that Max Company has recently filed for bankruptcy with the Intermediate People's Court of Shenzhen. Max Company is primarily involved in the research and development, as well as the sales, of e-cigarette related products.

According to Tianyancha, it owns multiple trademarks including "Yueke", "PQZU", "MKPRO", "MAXECIG", "MCKESSE", and "BADKITTY".

Cover Image: ChatGpt Generated

References:

[1] 广东省深圳市宝安区人民法院公告

Also Read:

[1] E-cigarette firm Max Technology faces bankruptcy amid legal disputes

[2] Notice of Bankruptcy Reorganization of JSTE Electronic Technology Co., Ltd.

[3] Notice on Next Steps for JSTE Electronic Technology LLC Liquidation

[4] JSTE Electronic Technology (Dongguan) Co., Ltd. Liquidation Report

[5] Recruitment Announcement for Restructuring Investment in JSTE Electronic Technology

[6] Preliminary Statement of Assets and Liabilities of JSTE Company

#Legislation #E-liquids #Asia #China

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Portugal to Tax Nicotine Pouches from 2026 at €0.065 per Gram

Portugal’s 2026 State Budget adds nicotine pouches to the IEC by inserting Article 104-D into the Excise Code’s tobacco chapter. A specific duty of €0.065/g applies from 2026, with rounding to whole grams. The Budget also defines pouches (natural nicotine, up to 12 mg, tobacco-free, oral mucosal absorption). Lusa projects €1.676B in tobacco excise for 2026; combined levies near €1.993B.

Oct.30 by 2FIRSTS.ai

Cambodia Enforces Full Ban on E-Cigarettes and Shisha to Protect Youth

Cambodian Prime Minister Hun Manet signs order to strengthen enforcement of e-cigarette and shisha bans, citing health risks and youth usage.

Oct.23 by 2FIRSTS.ai

Feature | Vape Politics in Russia: Local Governments Push Forward Despite Legislative Deadlock

As Russia’s federal vape policy stalls, regional governors are racing to implement local bans—now with the backing of President Vladimir Putin. The divide between swift local action and delayed national legislation is fueling debate over health, regulation, and the country’s broader approach to nicotine control.

Oct.28

Israel Proposes E-Cigarette Tax Reform Expected to Raise 154 million USD Shekels Annually

Israel’s Finance Ministry has proposed a 2026 economic reform introducing new taxes and licensing for e-cigarettes. The plan would impose a NIS 1-per-ml tax on vape liquids and NIS 30 per device, abolish VAT exemptions in Eilat, and is expected to generate about NIS 500 million（154 million USD） annually.