Once hailed as a rising star in China’s vape supply chain, Alpha Electronics — the wholly owned e-cigarette subsidiary of Changying Precision (300115.SZ) — is now fighting for its life.
The company that once powered major brands like RELX, British American Tobacco, and JUUL is suddenly at the center of a legal and operational storm.

💨 From Industry Darling to Legal Drama

Founded in 2019, Dongguan-based Alpha Electronics was once the golden child of vape manufacturing — producing devices, pods, and heating systems for some of the biggest names in the business.

By 2021, it had expanded to a whopping 50,000 square meters of production space, a factory floor so large it could probably house a small airport. Back then, industry watchers called it a “next-generation leader.”

Fast-forward to 2025: that same “leader” is now tangled in more than a dozen lawsuits, listed as an abnormal business, and missing from its registered address.

⚖️ Legal Headaches: “Sue Me Once, Shame on You…”

Alpha’s legal troubles have been piling up faster than unsold vape pods.

The company faces multiple cases over contract and trade disputes, with plaintiffs including:

• Shenzhen Fogcore Technology Co. (RELX’s parent company)
• Shenzhen Tianzhu Biotech Co.
• Sigelei Technology
• Kelaien Trading (Guangzhou)
• Xinzhongjun Printing Technology

Court records show 1 filed case, 13 trial announcements, and 5 official court notices. Three of those involve none other than RELX itself.

In other words, Alpha’s courtroom schedule looks busier than its production line used to be.

🚫 Officially “Abnormal”

Adding to the chaos, Alpha Electronics was officially listed as “business abnormal” on June 24, 2025, after regulators couldn’t reach it at its registered address.

Social media reports claim the factory park in Dongguan has already been vacated, with the Alpha signboards and logo removed. The space has since been re-rented to other companies — a quiet but clear sign that operations have stopped completely.

So if you drive by expecting to see vape pods being boxed, you’ll find fresh tenants and new logos instead.

💸 Frozen Assets, Melting Reputation

On top of that, the Dongguan Third People’s Court froze equity belonging to Alpha’s holding company — Anhui Jingmeng New Materials Technology Co. — for ¥100,000, valid from July 2024 to June 2027.

That’s not a massive sum, but in corporate law, it’s like the canary in the coal mine — a small freeze that signals a much bigger chill in financial health.

🏭 End of Production, End of the Road

Once a key supplier during the fruity-vape boom, Alpha began losing ground when China tightened e-cig regulations and banned flavored products.
As demand shifted, orders dried up, and Alpha’s long-term contracts started unraveling.

The company’s partnership with RELX once produced the “RELX Alpha” co-branded series — but now, the two are locked in three ongoing lawsuits. Talk about a breakup gone legal.

🤔 What’s Next?

Alpha Electronics’ situation is a cautionary tale for China’s once-booming vape sector: fast growth, high margins, and sudden implosion.

What was once a brand synonymous with precision is now a reminder that scale doesn’t equal stability.
Between regulatory tightening, vanishing cash flow, and lawsuits from major clients, Alpha’s story might soon join the long list of “rise and fall” case studies in China’s e-cig history.