SMOORE INTL's stock price surged 6.02% during intraday trading on Friday.

The significant upward movement follows the immediate release of a comprehensive regulatory blueprint for China's e-cigarette industry by the State Tobacco Monopoly Administration. The new policies aim to guide the industry to moderately concentrate in regions with established industrial foundations, a measure that could benefit major, well-positioned manufacturers. The framework also emphasizes strictly controlling the addition of new production capacity and managing overall output scale to prevent overcapacity, which may reduce future competitive pressures. Furthermore, the establishment of a mandatory licensing management system for all production entities and a unified national transaction platform is designed to standardize market operations, potentially creating a more stable and predictable business environment for compliant industry leaders.