Ispire Technology Inc. has announced the approval of an interim license from the Malaysian Government, allowing the company to begin manufacturing nicotine products in Malaysia immediately. This marks a significant milestone for Ispire, as it is the first and only company to receive full authorization from both Federal and State authorities for the export, import, and production of nicotine products in the country. The Malaysian facility is set to expand its capacity from six to 80 production lines. Co-CEO Michael Wang emphasized that this development positions Ispire as a leading international provider of vaping hardware and helps de-risk their production strategy by diversifying their production base. The company anticipates receiving a final license in the coming months, which will complete their regulatory requirements in Malaysia.
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