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Daily News on Vape Industry September 3rd, 2024


2024-09-03
  1. On September 2, the China State Tobacco Monopoly Administration issued the “Notice on the Revision and Issuance of the Detailed Rules for the Management of Vape Transactions”. The main contents of the revision include: the unified and standardized names of the relevant transaction entities and the explanatory contents are uniformly included in the appendix, the description of the transaction type is reorganized, the specific content of the total volume management is improved, some management requirements are added and simplified, and the purely platform technical processing content that is not related to transaction management is deleted.

 

  1. The board of directors of China Boton Group Co., Ltd. issued an announcement stating that it has successfully signed a contract with a Chinese vapecompany. China Boton will supply vapeand e-liquid products within 36 months, with a total sales volume of no less than RMB 1.9 billion.

 

  1. SKE launched a new pod-type vapeSKECrystal CL6000 in the UK. The product is equipped with a 2ml pod and a 10ml automatic refillable tank, which can provide 6,000 puffs. SKE claims that its automatic refillable design can ensure that the vape will not come with “burnt flavor” and leak.

 

  1. The United States International Trade Commission (USITC) decided not to review the ruling of the Chief Administrative Judge and extended the completion date of the “337” investigation of disposable vapesto September 2025 to avoid conflicts with other investigation schedules.

 

  1. The Philippine Internal Revenue Bureau issued new guidelines requiring illegal tobacco and vapesto be destroyed within 20 days of seizure to strengthen law enforcement and disposal procedures.

 

  1. Xiaosong Co., Ltd.’s 2024 first-half financial report showed that the net profit attributable to shareholders of listed companies was approximately 3.95 million yuan, a year-on-year decrease of 86.92%. Although the overall operating income declined, the company’s vapebusiness achieved a significant increase of 230%, and the company is accelerating the layout of the new tobacco market.

 

  1. The results of the public consultation released by the Irish Ministry of Health showed that the public strongly supported stricter vaperegulations, and the Minister of Health planned to legislate to restrict vapeadvertising and packaging and ban disposable vapes.