On the evening of August 15th, Jinlong Electromechanical, a listed company on the Shenzhen Stock Exchange, announced that its wholly-owned subsidiary Xingke Electronics received a tobacco monopoly production enterprise license (e-cigarette processing company) issued by the National Tobacco Monopoly Administration on August 15th. The validity period of the license has been extended to July 31, 2025.
According to the announcement, Xingke Electronics has obtained a tobacco monopoly production enterprise license (a license for e-cigarette contract manufacturing). The scope of the license includes the following aspects:
Pod production for export; Pod processing for export; E-cigarette accessory production for export; E-cigarette accessory processing for export; Production of products combining pods and e-cigarette accessories for export; Processing of products combining pods and e-cigarette accessories for export.
In a special announcement, Xingke e-cigarette, a company specializing in the production of e-cigarettes, has received a renewal of their business license, which will have a positive impact on the continuation of their e-cigarette operations. However, it is important to note that the performance of their e-cigarette business is subject to various factors such as industry policies, market demand, and competition, which introduces a certain level of uncertainty. Investors are advised to be cautious and mindful of the risks associated with this investment.
According to the recruitment information released by Xingke Electronics, Xingke Electronics is a brand under Xingke Electronics (Dongguan) Co., Ltd. It was established on June 29, 2005. The company's main office is located in Huai De community, Humen Town, Dongguan City. Its business scope includes research and development of electronic special materials, manufacturing of other electronic devices, manufacturing of electronic components, sales of power electronic components, manufacturing and sales of rubber products, manufacturing and sales of plastic products, technical import and export, and import and export of goods.
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