RLX Technology(US:RLX) 智通财经网·2025-12-31 15:08Group 1: Company Updates - RLX Technology (RLX.US) shares rose over 3% to $2.37 following the announcement of an extension of its existing stock repurchase plan until December 31, 2027 [1] - The current stock repurchase plan, initially established in December 2021, was extended in December 2023, allowing the company to repurchase up to $500 million of its American Depositary Shares (ADS) by December 31, 2025 [1] - As of December 31, 2025, the company has repurchased approximately 170 million ADS, totaling around $330 million, leaving a remaining unused quota of approximately $170 million [1] Group 2: Industry Regulations - The National Tobacco Monopoly Administration has solicited opinions on a draft notice regarding the implementation of electronic cigarette industry policies to further promote supply-demand balance [2] - The draft notice emphasizes the need for capacity regulation in the electronic cigarette industry, advocating for supply-side structural reforms driven by market demand [2] - It outlines that electronic cigarette production enterprises must operate within their approved capacity and prohibits production beyond this limit, with provisions for capacity adjustment through formal application processes [2]