Changes in US stocks | RLX.US (RLX.US) rose more than 3%, the company extended its share repurchase plan for 24 months

The Zhitong Finance App learned that on Wednesday, Wuxin Technology (RLX.US) rose more than 3% to $2.37. According to the news, Foxin Technology announced that its board of directors has approved the extension of the current share repurchase program for 24 months until December 31, 2027. The current share repurchase program was initially set up in December 2021 and extended in December 2023. According to the existing share repurchase plan, the company can repurchase up to $500 million of common shares represented by American Depositary Shares (ADS) before December 31, 2025. As of December 31, 2025, the company has repurchased approximately 170 million shares of common stock represented by ADS, for a total amount of about US$330 million, and the remaining unused amount is approximately US$170 million. According to the deferred share repurchase plan, the company can repurchase ADS totaling approximately US$170 million before December 31, 2027.

Also, recently, the State Tobacco Monopoly Administration publicly solicited comments on the “Notice of the State Tobacco Monopoly Administration on Implementing E-cigarette Industry Policies to Further Promote the Dynamic Balance between Supply and Demand (Draft for Comments)”. The “Draft for Solicitation of Comments” proposes to strengthen the regulation of e-cigarette production capacity. Adhere to market demand as the guide to supply-side structural reforms in the e-cigarette industry, coordinate enterprise equipment levels, business conditions and industrial trends, and implement e-cigarette certification capacity management in accordance with the principles of “fair disclosure, classification policies, and steady and orderly”. In principle, the approved production capacity of e-cigarettes should remain basically stable. E-cigarette related manufacturers should carry out production and operation within the approved production capacity, strictly prohibited from carrying out production and operation in excess of the approved production capacity, and those requiring adjustments should apply for re-approval of production capacity and carry out licensing procedures. E-cigarette related manufacturers that operate in accordance with the law and comply with the regulations of industrial policies and regulatory policies are allowed to integrate and restructure production capacity through production site mergers, etc., to improve enterprise management efficiency and capacity utilization.