The State Tobacco Monopoly Administration issued a notice on the revision and issuance of the electronic cigarette trading management regulations. The notice mentioned that the competent administrative department of the State Council for tobacco monopoly shall establish a nationwide unified electronic cigarette trading management platform. Enterprises engaged in the sales of electronic cigarette nicotine raw materials with tobacco monopoly license, electronic cigarette nicotine production enterprises, aerosol production enterprises, electronic cigarette production enterprises (including product production, contract manufacturing, brand holders, etc.), electronic cigarette wholesale enterprises (including electronic cigarette import and distribution enterprises), and various electronic cigarette market entities should conduct transactions through the platform.

CTF Securities Lu Mingzhang pointed out that the domestic electronic cigarette regulatory rules are gradually improving, promoting the orderly and standardized development of the market, and the market-oriented pricing mechanism has shown the regulatory authorities' positive attitude towards maintaining market order and promoting the healthy development of the market. In the long run, non-compliant products will gradually be phased out, and the market share is expected to further concentrate on leading companies in production, brands, and other aspects.

According to the Financial Data Center, among related listed companies:

Telling Telecommunication Holding and the leading electronic cigarette brand Bo De have signed a strategic partnership agreement and become the exclusive national representative of Bo De for all-channel sales.

Shanghai Shunho New Materials Technology has been laying out in the electronic cigarette field since 2013 and has now accumulated multiple electronic cigarette patents, including exclusive core patent rights such as low-temperature non-combustion heating electronic cigarettes.