Former blu OEM Tien Cheung Group: Vape Sales Down 79%, Will Seek New Clients to Expand Customer Base

  The Hong Kong Stock Exchange listed company Tien Cheung Group (02182.HK) announced that the group has recorded a sales decrease of approximately 79% for its electronic cigarette products.

Recently, Tien Cheung Group (02182.HK) released an announcement stating that for the eleven months ending November 30, 2023, the unaudited operational data and other information regarding the group’s electronic cigarette product segment showed a sales decrease of about 79% compared to the same period last year. The decline was mainly due to a reduction in sales orders for electronic cigarette products after the cancellation of exclusive rights terms with clients.

Tien Cheung Group stated that it will continue to strive to expand its customer base by seeking new clients for high-quality electronic cigarette products. 

It is reported that Tien Cheung Group is an integrated injection molding solution provider, focusing on mold design and manufacturing services as well as injection component design and manufacturing services. In recent years, the business has expanded to manufacturing electronic cigarette products through OEM. Tien Cheung Group previously provided OEM services for the electronic cigarette brand "blu" under Imperial Brands.

Related articles:    【1】 Tien Cheung Group, the OEM for blu: Electronic cigarette sales down 68%, clients turning to other manufacturers   【2】 Tien Cheung Group issues profit warning: Net profit down 60% year-on-year in the first six months

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