- The Philippine Customs Bureau seized smuggled vapeworth $338,000 in two warehouses in Manila and Laguna, involving brands including Relx, TopFog, Flava, etc. The persons involved will face multiple legal charges.
- Wulun Technology (VOOM)’s revenue in the first half of 2024 fell 24% to 120 million yuan, and the net loss attributable to shareholders of the listed company was about 19.35 million yuan, a decrease of 184.42% from the same period last year. The revenue of OEM/ODM business fell sharply by 29.55% to 82 million yuan from the same period last year.
- Jinjia Co., Ltd. released its 2024 semi-annual report. The company achieved total operating revenue of 1.484 billion yuan in this reporting period, a year-on-year decrease of 27%, and net profit of 181 million yuan, a year-on-year decrease of 35.26%, of which the operating income of the new tobacco business decreased by 70.25% year-on-year.
- Kosen Technology released its 2024 semi-annual performance report. During the reporting period, the company achieved revenue of 1.741 billion yuan, a year-on-year increase of 35.62%. Due to the failure of the new graphite heat dissipation module to meet expectations, the net loss expanded to 161 million yuan.
- China Boton Group Co., Ltd. released its 2024 interim performance report. In the first half of the year, the company achieved revenue of 751 million yuan, a year-on-year decrease of 6.7%. The net profit of continuing operations was 63 million yuan, a year-on-year decrease of 24.7%. Among them, the vapebusiness decreased by 21.6% year-on-year to 256 million yuan.
- Kyrgyz President Sadyr Zaparov returned the vapeamendment passed by the parliament without considering the opinions of the cabinet, and requested a reconsideration and clarification of the penalty standards. The amendment includes increasing penalties for illegal imports of vape.
- To help companies comply with regulations, SIRIM, MEVTA and the Malaysian Customs will hold seminars during the ANTYEXPO exhibition to explain the relevant policies and certification processes in detailfor vapes.
- Thailand began implementing new regulations on August 21, requiring retailers to post posters at sales points warning of the dangers of smoking. Violators will face fines of up to $147. The measure aims to reduce new smokers.