Company Developments - RLX Technology has completed the sample preparation for its self-developed oral nicotine product in 2024, with plans to launch it in the European and American markets by 2026, aiming to expand the smokeless tobacco product market through more convenient usage [2] - The company has initiated the "Seeing Love: Guide Dog Partner Program," which will run from 2025 to 2026, planning to donate 4 million yuan for the training, medical care, and education of 20 guide dogs, with the first batch of 10 guide dogs delivered in 2025 [3] Business Progress - According to the Q3 2025 financial report, RLX Technology's international business revenue has reached 72%, with ongoing expansion in the Asia-Pacific and European markets through mergers and acquisitions, such as the completion of a European acquisition in May 2025, indicating a potential for further localization efforts [4] Product Development - In addition to the oral nicotine product, the company has launched nicotine oral films in the U.S. market and continues to develop heat-not-burn (HNB) and other new tobacco products to expand its global product matrix [5]