HK-Listed Hins Technology Partners with Yiswang Vape to Expand Overseas

On August 14, Hong Kong Stock Xiongan Technology announced that its wholly-owned subsidiary Yinrong Investment Co., Ltd. and Shenzhen Yishuang Technology Co., Ltd. entered into a strategic cooperation framework agreement.

Yishuang e-cigarettes are aThe company established in 2018 focuses on the research and development of atomization technology and the construction of a large-scale health ecosystem derived from atomization technology. It integrates e-cigarettes with new consumption upgrades and injects them into the lives of smokers based on atomization technology. in 20194 monthsYishuangAt the PRO new product launch conference, Yishuang once again used atomization technology to deeply interpret the VAPE concept of atomization technology.




As the first to propose atomization for general health and the first to provide usable0mg tobacco oil capsules, Yishuang is also the first brand to adopt a solution to reduce harm to smokers by coloring cigarette bombs and using color to identify the concentration.
 

Under the agreement, Yinrong and Yishuang plan to establish a joint venture company in Hong Kong to jointly expand the e-cigarette business to overseas markets. The registered capital of the joint venture company will not exceed100 million Hong Kong dollars. Yinrong and Yishuang will each own 50% equity in the joint venture company.

Yinrong and Yishuang will: develop and sell cannabidiol in countries approved under relevant laws and regulations(CBD)and other types of marijuana e-cigarettes; and other nicotine-containing and non-nicotine e-cigarettes sold in the People's Republic of China and overseas.
 

Yinrong and Yishuang also collaborated to develop relevant e-cigarette R & D centers and production bases in North America and Southeast Asia; and to create an electronics industry cluster integrating R & D, filling, production and sales.

After Xiongan Technology issued the announcement,the 15th day of the 8thXiongan technology(01647) The intraday stock price rose in a straight line, with an increase of more than 12.5%. As ofthe 15th day of the 8thClose, up5More than %, turnover750.17Ten thousand.