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: ir@relxtech.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: RLX@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: RLX@tpg-ir.com
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SOURCE RLX Technology Inc.
