Yinghe Technology: no current plans to acquire Scell's remaining equity

On August 1, Yinghe Technology responded to investor questions on an investor interaction platform. The original exchange is as follows:

Q: Hello. Judging from the first-quarter report, the performance of controlling subsidiary SKE has been very strong. Is the company considering acquiring all of the remaining shares? What are the plans for SKE’s future development?
A: Hello. The company currently has no plans to acquire SKE’s remaining equity. We grant SKE’s management team full autonomy, and SKE’s e-cigarette business will mainly focus on overseas markets in the future. Thank you for your attention!
Q: May I ask whether the company is considering acquiring the remaining 49% stake in SKE? If not, why not? The lithium battery industry has already passed its peak, while e-cigarettes are still in the early stage of rapid growth. I suggest the company invest in this second growth curve.
A: Hello. SKE is a subsidiary in which the company holds a controlling 51% stake. The company currently has no plans to acquire SKE’s remaining equity. Thank you for your attention!
In a previous article published by Gewu Consumer on April 26, titled "Inside SKE: First-quarter net profit exceeds RMB 100 million, surpassing all of 2022 and breaking into the UK’s top four disposable market players," we mentioned that SKE was founded in 2013 and is a member of Shanghai Electric Holding Group (following Yinghe Technology’s acquisition of its 51% stake; see below). On September 21, 2022, Yinghe Technology announced that it had received a tobacco monopoly production enterprise license.
In recent years, SKE has focused on the overseas disposable market under the brand SKE Crystal. Based on UK market data as of early April 2023, SKE Crystal had risen to fourth place in sales revenue, behind only iMiracle’s ELFBAR/LOSTMARY, Elux, and British American Tobacco’s Vuse Go. According to sources close to the upstream supply chain who spoke to Gewu Consumer, SKE continued to maintain rapid growth in disposable e-cigarette shipments in the second quarter.