Shunho Terminates HNB Plans Due to Policy Changes

Feb.08

Investors question Shunho's progress on HNB manufacturing project; company terminates plans due to policy changes.

Recently, investors inquired on the investor interaction platform about Shunho Corporation (002565.SZ) and whether the company's previously planned "project to manufacture 200 million HNB wake-up sticks per year" is still progressing. If it has been terminated, they also asked if there are any similar new tobacco expansion plans.

In response, Shunho Corporation stated that due to adjustments in national policies, the construction of the project was difficult to proceed with. After the expiration of the project agreement, the company has reached a consensus with the relevant parties and signed the "Cancellation Agreement for the construction of the Green Electronic HNB Stick Manufacturing Project with an annual capacity of 200 million units". For further details, please refer to the announcement released by the company on August 17, 2024 (announcement number: 2024-050). Regarding the company's strategic planning in the new tobacco field, investors are advised to refer to the periodic reports that have been published.

References:

[1] 尊敬的董秘，您好！请问公司此前计划的“年产2亿支加热不燃烧唤醒棒制造项目”目前是否仍在推进？

Also Read:

[1] Shunho Unveils NGP Initiative, Focusing on Promoting Yilong Brand

[2] Shanghai Shunho: No Research on Oral Tobacco Products Undertaken Yet

[3] Shunhao Expands Global Footprint With Dual Focus on Vapes and Industrial Hemp

[4] Shunhao Unable to Proceed with HNB E-Cigarette Manufacturing and Export Business Due to National Policy Restrictions

#Asia #China #Regulation #Heated tobacco products

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