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RLX Technology Inc. American Depositary Shares each representing the right to receive one (1) Class A
Shares of RLX Technology (NYSE: RLX) , a manufacturer of vaping products, fell as much as 46% in trading on Monday after reports came out that China will put restrictions on e-cigarettes and other tobacco products. At 1 p.m. EDT today, shares were still down 43.6% for the day.
The Global Times , a Chinese newspaper, said the government is looking to change its laws to allow regulation of e-cigarettes and other new tobacco products.