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On December 10, Shunzheng issued the "Announcement on the License of a Tobacco Monopoly Manufacturer of Tobacco". The following is the announcement content:

Recently, Shanghai Shunzhang Yilong Electronic Technology Co., Ltd. (hereinafter referred to as "Shunzhang Yilong"), a wholly -owned subsidiary of Shanghai Shunzhang New Materials Technology Co., Ltd. (hereinafter referred to as "Company"), received it "Tobacco Monopoly Manufacturers License" (electronic cigarette brand holding enterprise), the specific situation is announced as follows:

1. The content of the license of tobacco monopoly manufacturers

Enterprise Name: Shanghai Shunxun Yilong Electronic Technology Co., Ltd.

License number: 7131010055

Corporate residence (main business place, operating place): Room 501, Building, Building, No. 369 Xianxia Road, Changning District, Shanghai

Legal representative (person in charge): Guo Yan

Enterprise Type: Limited Liability Company (wholly -owned corporate legal person)

License scope: cigarette bullet brand holding (domestic sales); electronic tobacco utensil brand holding (domestic sales); product brand holding (domestic sales) sold by the combination of smoke ammunition and tobacco utensils (domestic sales)

Main funders: Shanghai Shunzheng New Material Technology Co., Ltd. (100%contribution ratio)

Product brand: Linglong Elon (domestic sales, own brand)

Validity period: from November 18, 2022 to September 30, 2023

2. Impact on the company

This time, Shunyu's license to obtain a tobacco monopoly manufacturer has further promoted the company's compliance layout in the new type of tobacco brand, so that the company's new tobacco industry chain has continued to improve Essence In the future, Shunxun Yilong will strengthen product control management, improve user experience, and further enhance the popularity of the "Loong Elon" brand.

The company's subsidiaries Shenzhen Luxinfeng Technology Co., Ltd., Shunxun Yilong, and company participating company Shenzhen Meizhonglian Technology Co., Ltd. have all obtained the corresponding "Tobacco Monopoly Manufacturers License", which is far -reaching to the company's development of new tobacco business significance. In the future, the company will take advantage of industrial development opportunities to give full play to their respective brands and production and processing technological advantages, promote the development of the company's new type of tobacco industry, and provide customers at home and abroad with high -quality and peaceful products.

Third, risk prompts

The production and sales of related products may be affected by various factors such as national policies, market demand, and industry competition, and have certain uncertainty. The company will clarify business strategies and risk management, form a good business management team, continuously adapt to business requirements and market changes, and actively prevent and cope with the above -mentioned potential risks.