Recent Inquiry on E-cigarette Business of Jingjia Shares (002191.SZ)

Jun.21.2024

Jinjia Stock denies business ties with Smoore International and reveals international expansion plans for e-cigarette products.

Recently, an investor on the investor interaction platform Interaction Easy asked Jinjia Group (002191.SZ) whether the company has any business dealings with Smoore International involving e-cigarettes.

In response, JiaJia Co. stated that the company has no business dealings with Smoore International.

Another investor asked whether the e-cigarette industry is currently experiencing growth or decline. Are there new expansion opportunities in overseas markets? What are the main obstacles to sales in the European market?

In response, Jingjia Group stated that the company's e-cigarette business overseas is in a period of exploration and development, with a focus on expanding the vape business in European and American markets such as the UK, Germany, and the US. The company is also prioritizing the expansion of heated tobacco related business in markets such as Southeast Asia, the Middle East, and Japan.

In addition, investors are also concerned about whether the company has technology research and development reserves for smoking-related products and contract manufacturing.

Jiujia Corporation stated that the company's new tobacco business includes ODM/OEM services for new tobacco products such as e-cigarettes, as well as research and development, production, and sales of vape oil, HNB flavors and fragrances, and related materials. There is currently no contract manufacturing service for smokeless tobacco products. The company will continually expand its product range in accordance with market demand and relevant laws and regulations.

References:

[1] 电子烟目前是处于增长趋势还是下滑趋势？海外市场是否有新的拓展区？欧洲市场销量障碍主要有哪些?

[2] 请问贵司与思摩尔国际公司有无电子烟的业务往来？

[3] 贵司有无口含烟的技术研发储备？有无口含烟代工产品？

Also Read:

[1] Jinjia: Provide Packaging Services for Well-known E-cigarette Brands Such as Heaven Gifts

[2] Jinjia: Haven't Applied for PMTA, Yunnan Sparking Is Not Engaged in NTP Production

[3] Investors Inquire about Jinjia's Plan for Domestic E-cigarette Sales

[4] Jinjia Corporation Cancels Plan to Invest in UK

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