US Stock Market Move | RLX Technology, Inc. Sponsored ADR Class A (RLX.US) rose more than 3%, the company extended its stock repurchase plan by 24 months.

On Wednesday, RLX Technology, Inc. Sponsored ADR Class A (RLX.US) rose over 3% to $2.37. In terms of news, RLX Technology, Inc. Sponsored ADR Class A announced that its board of directors had approved an extension of its existing stock repurchase plan for 24 months until December 31, 2027. The existing stock repurchase plan was initially established in December 2021 and was extended in December 2023. Under the existing stock repurchase plan, the company can repurchase up to $500 million worth of common stock represented by American Depositary Shares (ADS) by December 31, 2025. As of December 31, 2025, the company had repurchased approximately 170 million shares of common stock represented by ADS, totaling around $330 million, with a remaining unused limit of approximately $170 million. According to the extended stock repurchase plan, the company can repurchase a total of approximately $170 million worth of ADS by December 31, 2027. Furthermore, recently, the State Tobacco Monopoly Administration publicly solicited opinions on the "Opinions on Implementing the Policy on the Electronic Cigarette Industry to Further Promote Supply-Demand Dynamic Balance (Draft for Soliciting Opinions)." The "Draft for Soliciting Opinions" proposes to strengthen the regulation of electronic cigarette production capacity. Adhering to the market demand-oriented approach to promote supply-side structural reform in the electronic cigarette industry, coordinating enterprise equipment levels, operating conditions, and industry trends, implementing electronic cigarette approved production capacity management in accordance with the principles of "fairness, openness, classification, and orderly manner." In principle, the approved electronic cigarette production capacity should remain basically stable, and electronic cigarette-related production enterprises should conduct production and operation within the approved capacity, strictly prohibiting production and operation exceeding the approved capacity. If adjustments are necessary, the enterprises should apply for re-approval of production capacity and follow the permit processing procedures. Electronic cigarette-related production enterprises that operate legally and comply with industry policies and regulatory policy requirements are allowed to integrate and restructure production capacity through production site mergers, in order to improve enterprise management efficiency and capacity utilization.