SMOORE INTL HLDGS ADR - SMHRY STOCK NEWS

VAPORESSO announced new products and accolades at The Vaper Expo UK on May 28, 2022. The company won 1st place for Best Tank, 2nd for Best Mod, and 3rd for Best Pod System at the Vapouround awards. They introduced two new products, LUXE X and GEN PT60 | 80 S, alongside a new logo and advanced COREX heating technology developed over two years for improved flavor. Additionally, VAPORESSO has partnered with American artists BigSleeps x TwoJsKicks for a fresh look. The event runs from May 27-29 at Birmingham NEC.

Bluehole New Consumption reports that Vuse has regained its position as the top-selling e-cigarette brand in the U.S., surpassing Juul with a 35% market share as of April 9, 2022. This resurgence follows Vuse's innovative partnership with FEELM, which enhanced its product offerings with advanced atomization technology. Vuse Alto, accounting for over 90% of Vuse's revenue in 2021, has contributed significantly to this growth. Vuse's strategic market capture has narrowed the gap with Juul, which currently holds a 36% market share.

The FDA has authorized NJOY Ace, the first closed pod vape with FEELM Tech, for marketing as of April 26. This product features ceramic coils and showcases reduced harmful constituents compared to traditional cigarettes. SMOORE, its manufacturing partner, has established a robust testing and safety assessment system for their products. Currently, NJOY holds a 3.1% market share in the U.S. e-cigarette market, which is predominantly led by Vuse with a 35% share. The FDA is expected to release status reports for other major brands soon, influencing market dynamics.

SMOORE, a leader in vaping technology, reported a 2021 annual revenue of RMB13.75 billion, marking a 37.4% year-on-year increase. The company boasts a 22.8% market share in global vaping device manufacturing. SMOORE aims for carbon neutrality by 2050 and has invested over RMB670 million in R&D, increasing expenditures by 59.7%. Corporate client sales grew to RMB12.59 billion, with over 70% of revenue from overseas. The company continues to innovate, introducing new products such as FEELM Air.

SMOORE, a leader in vaping technology, has launched the world's first E&L testing laboratory for the vaping industry, enhancing product safety through advanced analytical testing. Established in late 2021, the lab performs qualitative and quantitative assessments on electronic atomization components, ensuring compliance with PMTA safety requirements. In collaboration with SMITHERS, this initiative positions SMOORE at the forefront of e-cigarette safety as global regulators tighten standards. The lab's capabilities extend to healthcare applications, further expanding SMOORE's innovation potential.

The press release highlights SMOORE as China’s first company to establish a TPD-compliant risk assessment laboratory for vaping products. This facility, operational since early 2021, aims to help brands meet EU regulatory requirements, completing 52 tests for various vape brands. The EU vaping market represents a substantial opportunity, projected to grow to USD 5.58 billion with a CAGR of 13.17% over the next six years. SMOORE adheres to stringent safety guidelines, enhancing its competitive position.

SMOORE, a leader in vaping technology, has collaborated with RELX on clinical research to assess the health effects of vaping, including its impact on the respiratory and cardiovascular systems. This research, registered in February 2022, is part of broader efforts to establish industry standards and safety protocols. The company also introduced the FEELM Air vape pod with an 80% improvement in harm reduction. As vape regulations tighten in China, SMOORE continues to focus on R&D to enhance product safety and effectiveness. SMOORE holds an 18.9% market share in the global vaping sector.