The 5th Vape Industry Chain Expo，e-cigarette website

Detailed Rules for the Administration of Tobacco Monopoly Licenses for Electronic Cigarette-Related Manufacturers and Wholesalers Firstunion launches the world's first "instant smoke, instant stop" product PTH MASTER, opening a new era of heated tobacco development 合元全球首发“即抽即停”产品PTH MASTER，开启加热烟发展新时代 BAT 2025 first-half performance spoiler: Velo soars, and new heated tobacco products will be the deciding factor in the second half of the year! 英美烟草2025上半年业绩剧透：Velo狂飙，加热烟新品成下半年胜负手！