State Tobacco Monopoly Administration: Strictly implement the policy requirements for restricting the electronic cigarette industry, and no investment in new projects shall be allowed.

The State Tobacco Administration issued a notice on further promoting the dynamic balance of supply and demand in the electronic cigarette industry policy. The notice proposes to regulate enterprise investment behavior. Strictly implement the requirements of the policy for restricting the electronic cigarette industry, no new investment projects are allowed, and the relocation and resumption projects cannot increase production capacity. In general, technological transformation projects at the original site should not increase production capacity. If there is a real need to increase production capacity, it should comply with the electronic cigarette industry policy, regulatory policies, and production capacity management regulations. The production capacity utilization rate is at a relatively high level, there is a real and continuously increasing market demand, and there are corresponding safety, sanitation, environmental protection facilities, equipment, and technological conditions that are in line with the direction of intelligence, greenization, and integration. It should strictly follow the relevant requirements of the "Regulations on Fixed Assets Investment Management for Electronic Cigarettes".