On the afternoon of June 30, 2019, Yao Jide, founder and chairman of Hangsen Technology Group, warmly welcomed Zhuang Xiaofeng, founder, chairman and CEO of LEGOO Group, who came to visit Hangsen Technology Building.
LEAGOO was founded in 2009. Before that, it mainly made smartphones. Its products have been sold in more than 50 countries and regions all over the world. In Southeast Asia, LEAGOO has ranked among the top five mobile phone brands, with the title of “Little Prince of Southeast Asia”. Zhuangxiaofeng announced at the meeting that LEAGOO Group will enter the electronic cigarette industry and establish a new electronic cigarette brand VEDFUN.
According to IT168, at 9:30 a.m. on July 16, the opening ceremony of Shenzhen VEDFUN Science and Technology Co., Ltd. was held in Baoneng Science and Technology Park, Longhua District, Shenzhen City. Zhuang Xiaofeng personally unveiled the brand for the new member enterprises of LEAGOO Group.
Zhuangxiaofeng said, “LEAGOO group has gone through a thorny journey for ten years, from a toddler to a vigorous young man. Today is not only the joy of the relocation of the LEAGOO group, but also the new starting point of our next decade. VEDFUN is the new journey of the LEAGOO group in the next decade.”
According to the announcement, VEDFUN has built its own VEDFUN E-cig International Industrial Park in Yibin City, Sichuan: 100,000㎡ production base, 25,000㎡ dust-free workshop, 20 semi-automatic production lines, 2 Inspection and testing centers, with more than 5000 planned employees, with an estimated annual output value of more than 2 billion RMB, and is determined to build an electronic cigarette industry the largest manufactury plant.
“We should build our own production base instead of advertising and financing at the first place. First, we should base ourselves on the layout of the whole industry and accumulate patented technology. This may slow down the development, but I believe we can go further on the track of electronic cigarette.” Zhuangxiaofeng said.
VEDFUN’s two electronic cigarette products, VX and FEEL, will be on the market worldwide this month, with Southeast Asia taking the lead. The official flagship store of VEDFUN is also actively preparing for launch in the near future.
“The goal of VEDFUN is not just to be a brand, but to build an industry platform with global influence. “Said Zhuang Xiaofeng. It is reported that VEDFUN intends to recruit more than US$100 million for the development of the electronic cigarette industry.