Blue Hole New Consumption report, October 17, news, today, Shun Hao shares in the interactive platform to reply to investors' questions about the domestic e-cigarette production license and new tobacco business related situation.

The following is the interactive content:

Investor: Have you obtained an e-cigarette production license? If not, what causes it?

Secretary to the Board of Directors of Shunhao: Dear investors! Our subsidiary company, Shanghai Shunhao Yilong Electronic Technology Co., LTD., is continuing to advance the license processing work, thank you for your attention!

Investor: Has your company studied in depth the Action Plan for Shanghai to Build the Future Industrial Innovation Highland and Develop and Expand the Future Industrial Cluster? What kind of business is suitable for it at present and in the future? If not, after all, the new tobacco or Shenzhen has more local policy support, whether to consider moving the company out of Shanghai?

Secretary to the Board of Directors of Shunhao: Dear investors, thank you for your advice!

Investor: Secretary Dong, hello. 10.1 After the new policy on e-cigarettes, what is the development prospect of your hnb in China and the current market of cannabis e-cigarettes abroad

Secretary to the Board of Directors of Shunhao: Dear investors! As the inventor and owner of the patent for the core technology of new tobacco products, the company strictly complies with relevant laws and regulations, takes the advantages of technical products as the core, and constantly improves the layout of the industrial chain of production, brand, OEM and export of new tobacco at home and abroad. According to the latest data from Euromonitor International, in 2021, the global sales volume of new tobacco reached US $54.57 billion. Under the background of the gradual control of the global epidemic, the year-on-year growth rate reached 30.0%, returning to the high growth range before the epidemic. Meanwhile, China's new tobacco market also shows a trend of rapid development. According to the data of the General Administration of Customs, the trade surplus of China's e-cigarette industry in 2021 reached $15.692 billion. The export volume of China's e-cigarette industry has increased rapidly in recent years, and the trade surplus has been expanding. Since October 1, 2022, domestic electronic cigarette industry into a new stage of strict and standard regulation, the company committed to regulation, we will continue to increase technology research and development, with the help of industry development opportunities as well as the company's industry chain resources layout and channel advantages, to speed up the development of the electronic smoke generation of processing and export business, for customers at home and abroad to provide secure excellent product quality, Thank you for your attention!