Smaller International and China Bank Sign Deposit Agreement

Jan.09.2023

Smaller International and China Bank Sign Deposit Agreement

Simaor International signs structured deposit agreement with China Bank for RMB35 billion, to be paid from available cash reserves.

Simo International announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary, Shenzhen Mackwell, has updated its structured deposit agreement with China Bank, effective January 5, 2023. As per the agreement, Shenzhen Mackwell will purchase two structured deposits for a total of RMB 3.5 billion, with amounts of RMB 1.76 billion and RMB 1.74 billion each, respectively, after redeeming RMB 1.5 billion on December 28, 2022. The subscription will be funded by the group's existing cash reserves and free cash flow.

2FIRSTS will continue to follow the developments and bring you updates. Stay tuned.

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China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

Alabama SB9 advances: Senate committee clears bill to treat vaping like smoking in enclosed public places

Alabama SB9 advances: Senate committee clears bill to treat vaping like smoking in enclosed public places

Alabama’s Senate Bill 9 advanced after clearing the Senate Committee on Healthcare, moving to the full Alabama Senate for consideration. The proposal would update the state’s 2003 Clean Indoor Air Act by including e-cigarettes and other vaping devices under the same restrictions that apply to smoking in most enclosed public places.

Jan.22 by 2FIRSTS.ai

Interpreting FDA’s on! PLUS Authorization: What the Agency’s Press Release Reveals About Its Nicotine Pouch Review Model

Interpreting FDA’s on! PLUS Authorization: What the Agency’s Press Release Reveals About Its Nicotine Pouch Review Model

The U.S. Food and Drug Administration has confirmed that six on! PLUS nicotine pouch products have received Marketing Granted Orders (MGO) through the PMTA pathway. The authorizations were completed under the agency’s nicotine pouch review pilot program in “record time,” with the FDA citing lower levels of harmful constituents while stressing that the decision applies only to the specified products and does not mean they are safe or FDA approved.

Jordan Reduces HTP and Vape Tax Burden as National Smoking Rate Hits 51.6%

Jordan Reduces HTP and Vape Tax Burden as National Smoking Rate Hits 51.6%

Jordan has published amendments to its special tax system reducing taxes on heated tobacco products, electronic cigarettes and e-liquids, with some reductions reaching 50%. Under the revised rules, taxes on devices and liquids have been lowered, prompting concern among medical and parliamentary circles. The government has not issued an official explanation for the move.

Dec.24 by 2FIRSTS.ai

South Korea’s President Raises Safety Concerns Over Nicotine Alternatives at Cabinet Meeting

South Korea’s President Raises Safety Concerns Over Nicotine Alternatives at Cabinet Meeting

South Korea’s Cabinet has approved an amendment to the Tobacco Business Act that legally classifies liquid e-cigarettes as tobacco products. Under the revision, any product containing tobacco or nicotine will fall under tobacco regulation, explicitly including synthetic nicotine vapes. The move addresses long-standing regulatory and taxation gaps.

Dec.16 by 2FIRSTS.ai

Thailand’s health minister rejects vaping as a smoking cessation alternative

Thailand’s health minister rejects vaping as a smoking cessation alternative

Thailand’s Public Health Minister Phatthana Phromphat has reaffirmed that the government does not support cigarettes or e-cigarettes in any form and opposes the use of e-cigarettes as a substitute for smoking cessation.

Dec.17 by 2FIRSTS.ai

Russia’s Public Chamber official opposes “generational ban” on tobacco sales, citing rights concerns

Russia’s Public Chamber official opposes “generational ban” on tobacco sales, citing rights concerns

Vladislav Grib, deputy secretary of the Public Chamber of the Russian Federation, said a “generational ban” on cigarette sales—restricting sales based on year of birth—would not resolve smoking and would instead lead to human rights violations. He argued older cohorts would buy and share, and the approach would split citizens into two categories.

Jan.08 by 2FIRSTS.ai

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Alabama SB9 advances: Senate committee clears bill to treat vaping like smoking in enclosed public places

Alabama SB9 advances: Senate committee clears bill to treat vaping like smoking in enclosed public places

Interpreting FDA’s on! PLUS Authorization: What the Agency’s Press Release Reveals About Its Nicotine Pouch Review Model

Interpreting FDA’s on! PLUS Authorization: What the Agency’s Press Release Reveals About Its Nicotine Pouch Review Model

Jordan Reduces HTP and Vape Tax Burden as National Smoking Rate Hits 51.6%

Jordan Reduces HTP and Vape Tax Burden as National Smoking Rate Hits 51.6%

South Korea’s President Raises Safety Concerns Over Nicotine Alternatives at Cabinet Meeting

South Korea’s President Raises Safety Concerns Over Nicotine Alternatives at Cabinet Meeting

Thailand’s health minister rejects vaping as a smoking cessation alternative

Thailand’s health minister rejects vaping as a smoking cessation alternative

Russia’s Public Chamber official opposes “generational ban” on tobacco sales, citing rights concerns

Russia’s Public Chamber official opposes “generational ban” on tobacco sales, citing rights concerns

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