Ispire Technology Inc.'s subsidiary, Ispire Malaysia Sdn Bhd, has reaffirmed its commitment to producing export-only vaporizer hardware from its Johor-based facility. The company emphasizes that its operations do not involve the production or distribution of nicotine- or cannabis-containing liquids or gels within Malaysia. Ispire Malaysia exclusively manufactures semi-finished vaporizer hardware without any liquids or gels involved in the production process. Additionally, the subsidiary is focused on maintaining rigorous compliance standards, ensuring that all products are not sold or marketed within the Malaysian market. Ispire Malaysia is also exploring cutting-edge technology, such as blockchain-based age-gating and geo-fencing, to ensure product use is restricted to adults and compliant areas. This investment, exceeding USD 50 million, supports job creation and technological innovation in alignment with Malaysia's industrial development goals.
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