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.

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

China Business Journal Reports: Multiple New E-Cigarette Policies Enter Public Consultation Phase in China, Covering Capacity Control and Credit Management

China Business Journal Reports: Multiple New E-Cigarette Policies Enter Public Consultation Phase in China, Covering Capacity Control and Credit Management

China Business Journal, citing a review of policy documents released by the State Tobacco Monopoly Administration in early 2026, said China’s latest e-cigarette rules target credit-based regulation, capacity controls and national standards revisions.Alan Zhao, co-founder of 2Firsts, said tighter oversight will speed consolidation, curb noncompliance and reduce destructive competition.

Jan.12 by 2FIRSTS.ai

Kyrgyzstan: Jogorku Kenesh committee sends draft vape ban bills back for revisions

Kyrgyzstan: Jogorku Kenesh committee sends draft vape ban bills back for revisions

Kyrgyzstan Jogorku Kenesh committee on labor, health, women’s affairs and social issues decided to withdraw for revision two draft laws related to banning electronic nicotine delivery systems and e-cigarettes in Kyrgyzstan.

Jan.14 by 2FIRSTS.ai

U.S. Fifth Circuit judges question FDA’s claim it has no de facto ban on flavored refillable e-cigarettes

U.S. Fifth Circuit judges question FDA’s claim it has no de facto ban on flavored refillable e-cigarettes

Law360 reports that a Fifth Circuit panel expressed skepticism about the FDA’s claim that it has no de facto ban on flavored refillable e-cigarette products, noting that only six applications had been approved out of hundreds of thousands and that near-100% denials look like a ban.

Jan.07 by 2FIRSTS.ai

NYC makers turn discarded disposable vapes into “Vape Synth” mini digital instruments

NYC makers turn discarded disposable vapes into “Vape Synth” mini digital instruments

The report says disposable vapes are sold at more than 11 million units per month and often end up in landfills after flavored nicotine juice runs out, along with lithium-ion batteries, microcontrollers, and LEDs, increasing the risk of waste fires. A New York City maker trio known as Paper Bag Team has built “Vape Synth” by cracking open spent Elf Bar cartridges—specifically the EB BC5000—and hacking them into tiny digital instruments.

Feb.12 by 2FIRSTS.ai

Milton Police Call It Florida’s Largest Illegal Vape Seizure, With 500+ Products Confiscated Across Seven Stores

Milton Police Call It Florida’s Largest Illegal Vape Seizure, With 500+ Products Confiscated Across Seven Stores

According to a Milton Police Department (MPD) news release, Milton, Florida officers and partner agencies carried out compliance checks at seven vape retailers on Jan. 27, seizing more than 500 illegal vape products and arresting employees allegedly involved in sales to minors. Authorities also reported finding unlicensed marijuana sales, high-THC products, nitrous oxide and illegal charging units.

Jan.29 by 2FIRSTS.ai

Kansas Senate approves tougher vape rules to target unlicensed products and child-directed ads

Kansas Senate approves tougher vape rules to target unlicensed products and child-directed ads

The Kansas Senate approved Senate Bill 355 on Wednesday, aiming to crack down on unlicensed vaping products and eliminate advertisements geared toward children. The bill, backed by major tobacco companies, would impose the same licensing and advertising requirements on e-cigarettes as other nicotine products and require every e-cigarette manufacturer doing business in Kansas to obtain a license, with a $2,500 application fee.

Feb.13 by 2FIRSTS.ai

Related Topics

News

Related Read

China Business Journal Reports: Multiple New E-Cigarette Policies Enter Public Consultation Phase in China, Covering Capacity Control and Credit Management

China Business Journal Reports: Multiple New E-Cigarette Policies Enter Public Consultation Phase in China, Covering Capacity Control and Credit Management

Kyrgyzstan: Jogorku Kenesh committee sends draft vape ban bills back for revisions

Kyrgyzstan: Jogorku Kenesh committee sends draft vape ban bills back for revisions

U.S. Fifth Circuit judges question FDA’s claim it has no de facto ban on flavored refillable e-cigarettes

U.S. Fifth Circuit judges question FDA’s claim it has no de facto ban on flavored refillable e-cigarettes

NYC makers turn discarded disposable vapes into “Vape Synth” mini digital instruments

NYC makers turn discarded disposable vapes into “Vape Synth” mini digital instruments

Milton Police Call It Florida’s Largest Illegal Vape Seizure, With 500+ Products Confiscated Across Seven Stores

Milton Police Call It Florida’s Largest Illegal Vape Seizure, With 500+ Products Confiscated Across Seven Stores

Kansas Senate approves tougher vape rules to target unlicensed products and child-directed ads

Kansas Senate approves tougher vape rules to target unlicensed products and child-directed ads