Yinghe Technology's Future Plans for SKOL and Overseas e-Cigarette Market

Aug.02.2023
Yinghe Technology's Future Plans for SKOL and Overseas e-Cigarette Market
Investors inquire about YH Technology's plan to acquire remaining shares of its subsidiary, Skoal, on the interactive platform.

An investor on the investor interaction platform asked WinsTech: Hello. Looking at the first-quarter report, it seems that the holding subsidiary, Skor, has performed exceptionally well. Is there any consideration to acquire the remaining shares? Also, what are the plans for Skor's future development?


On August 1st, Winhope Technology stated on its investor interaction platform that it is currently not considering acquiring the remaining shares of Skorel. The company is allowing the Skorel management team full autonomy, as Skorel's e-cigarette business will mainly focus on overseas markets in the future.



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2Firsts Data | China’s Vape-Related Exports Rise 16.5% in July 2026 as U.S.-Bound Shipments Jump 53.5%
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UK HMRC Launches Vape Duty Stamps on October 1, Ushering in Supply-Chain Traceability as Chinese Exporters Face New Compliance Hurdles
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HM Revenue & Customs put the UK's Vaping Products Duty and Vaping Duty Stamps Scheme into effect on October 1. All vaping liquids manufactured in or imported into the UK are now subject to duty at £2.20 per 10ml, regardless of nicotine content. The stamp regime will introduce digital functionality designed to provide traceability throughout the supply chain, with approved manufacturers, importers and warehousekeepers required to report product movements and retailers and consumers eventually able to scan stamps to verify authenticity. China exported $177 million of vape-related products to the UK in August, up 51.4% year over year, increasing the significance of the new compliance regime for China's Shenzhen-centered vape supply chain.
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