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

Glas, the FDA, and the Future of Flavored ENDS

Glas, the FDA, and the Future of Flavored ENDS

Product | 20ml E-liquid, Dual Modes with Up to 60,000 Puffs, Uwell Launches VALAYA AMP 60K Vape in the U.S.

Product | 20ml E-liquid, Dual Modes with Up to 60,000 Puffs, Uwell Launches VALAYA AMP 60K Vape in the U.S.

Uwell has recently launched its new disposable vape, the VALAYA AMP 60K, on its official website. The device features 20ml of pre-filled e-liquid and is rated for up to approximately 60,000 puffs. It is equipped with a 950mAh rechargeable battery and a 0.6Ω dual mesh coil. The product is now available through select online channels in the United States, with a listed price of $19.99.

Apr.09 by 2FIRSTS.ai

Australia Plans Tougher Penalties for Illicit Tobacco and Vape Crime

Australia Plans Tougher Penalties for Illicit Tobacco and Vape Crime

The Australian government is preparing a new crackdown on the illicit tobacco market, including stronger penalties, expanded police surveillance powers and tougher asset seizure measures.

Mar.19 by 2FIRSTS.ai

Nebraska weighs child-safety lock requirement for vapes sold in the state

Nebraska weighs child-safety lock requirement for vapes sold in the state

Nebraska lawmakers heard testimony on LB1254, which would require electronic smoking devices sold in the state to include built-in child safety features. Violations would be a Class IV misdemeanor carrying a fine of up to $500. Supporters argued young children can easily activate unprotected devices by inhaling, risking exposure to nicotine and other toxic chemicals, and said safeguards should mirror child-resistant measures used for medications and other household products.

Feb.28 by 2FIRSTS.ai

WHO warns Europe will remain the world’s biggest tobacco consumer by 2030 as vaping fuels youth uptake

WHO warns Europe will remain the world’s biggest tobacco consumer by 2030 as vaping fuels youth uptake

According to Euronews, the World Health Organization (WHO) says its European Region—53 countries across Europe and Central Asia—is projected to remain the world’s largest tobacco consumer by 2030. While overall tobacco use is declining, e-cigarettes and flavoured nicotine products are capturing a new generation.

Feb.27 by 2FIRSTS.ai

Metal Body + AMOLED Screen: KT&G Launches New Heated Tobacco Device Lil Aible 3.0

Metal Body + AMOLED Screen: KT&G Launches New Heated Tobacco Device Lil Aible 3.0

KT&G said it will launch the heated tobacco device Lil Aible 3.0 at four stores in South Korea on February 28. The device shortens charging and preheating time while keeping features such as pausing during use, mode switching, and three consecutive uses. It adopts a metal body and an AMOLED display, comes in four colors, and will expand to Seoul-area convenience stores and the online mall in April, and nationwide convenience stores in May.

Feb.27 by 2FIRSTS.ai

Malaysia maritime officers seize nearly 16,500 vapes in suspected cross-border smuggling bid

Malaysia maritime officers seize nearly 16,500 vapes in suspected cross-border smuggling bid

According to Malay Mail and Bernama, Malaysia’s maritime enforcement agency intercepted a suspicious lorry at a jetty in Kedah’s Kuala Sanglang and seized nearly 16,500 vape devices worth more than RM500,000 (about US$125,000). Three men were detained for investigation, and the case is being probed under Malaysia’s Customs Act 1967.

Mar.09 by 2FIRSTS.ai

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Product | 20ml E-liquid, Dual Modes with Up to 60,000 Puffs, Uwell Launches VALAYA AMP 60K Vape in the U.S.

Product | 20ml E-liquid, Dual Modes with Up to 60,000 Puffs, Uwell Launches VALAYA AMP 60K Vape in the U.S.

Australia Plans Tougher Penalties for Illicit Tobacco and Vape Crime

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Nebraska weighs child-safety lock requirement for vapes sold in the state

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Malaysia maritime officers seize nearly 16,500 vapes in suspected cross-border smuggling bid

Malaysia maritime officers seize nearly 16,500 vapes in suspected cross-border smuggling bid