Le Lézard
Classified in: Business
Subjects: TNM, MAT

RLX Technology Announces Business Acquisitions to Facilitate Its International Expansion


BEIJING, Dec. 5, 2023 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced that it entered into two share purchase agreements with two target companies and their respective shareholders (the "Share Purchase Agreements for Business Acquisitions") with a total consideration of approximately US$25 million. The entry of the Share Purchase Agreements for Business Acquisitions and the transactions contemplated thereunder have been approved by the Company's board of directors and audit committee.

Each of the two target companies is a market leader in e-vapor industry in its home country, located in Southeast Asia and North Asia, respectively. The transactions contemplated under the Share Purchase Agreements for Business Acquisitions are expected to facilitate the Company's international expansion in Southeast Asia and North Asia. The Company also plans to continue its overseas expansion in the future.

About RLX Technology Inc.

RLX Technology is a leading global branded e-vapor company. The Company leverages its strong in-house technology, product development capabilities, and in-depth insights into adult smokers' needs to develop superior e-vapor products.

For more information, please visit: http://ir.relxtech.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" and similar statements. Among other things, quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward- looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's growth strategies; its future business development, results of operations and financial condition; trends and competition in China's e-vapor market; changes in its revenues and certain cost or expense items; PRC governmental policies, laws and regulations relating to the Company's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is current as of the date of this press release, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

In China:

RLX Technology Inc.
Head of Capital Markets
Sam Tsang
Email: [email protected]

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: [email protected]

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: [email protected]

SOURCE RLX Technology Inc.


These press releases may also interest you

at 14:00
The Kettle Society is pleased to announce the appointment of Wayne Leslie as its new Executive Director, effective April 2nd, 2024. Leslie will succeed Nancy Keough, who is retiring after 43 years of service with The Kettle, including 34 years as...

at 14:00
Everspring, a leading provider of education technology and service solutions, is thrilled to announce its affiliation partnership with The HESS Consortium, a dynamic community for private institution CIOs, CFOs, and technology professionals. This...

at 13:51
Gala, the leading decentralized entertainment ecosystem, is thrilled to announce a strategic collaboration with RFLXT. The first part of this collaboration will involve leveraging the new cutting-edge GalaChain SDK to bring RFLXT's six degrees of...

at 13:50
IDrive® e2, offering fast s3 compatible object storage, has added a new edge location in Bengaluru, India, making it the first storage region in the area and giving customers in India the opportunity to utilize one of the fastest and most affordable...

at 13:40
Volunteers play an important role in helping communities prosper, thanks to their continued commitment and efforts. Through Canada's Volunteer Awards, the Government of Canada recognizes those volunteers who go above and beyond to support their...

at 13:40
Atlas Ocean Voyages announces Afar Recommends, a collection of shore excursions on 2024 Cultural Expeditions in Europe, the Caribbean, and South America. From meeting with the chief historian of the Evita Museum in Buenos Aires, Argentina, to...



News published on and distributed by: