Ispire Technology, Inc. Secures ODM Relationship with Leading Global E-Cigarette Brand

Los Angeles, June 4, 2024 – Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in the development and commercialization of vaping technology and precision dosing, announced its wholly-owned subsidiary, Aspire Science and Technology Limited, has secured an original design manufacture (ODM) relationship with a leading global e-cigarette brand (the "Customer").

The Company has begun receiving monthly purchase orders for 3 million units per-month, which are expected to remain consistent over the next 12 months at a value of over $100 million in annual top-line revenue to Ispire. The first order will be shipped in July 2024. Ispire expects the relationship to grow significantly in the following years as the Customer continues to place purchase orders with the Company.

"This Customer's confidence in our ODM business highlights our focus on technology and manufacturing expertise," said Ispire Co-Chief Executive Officer Michael Wang. "This supply agreement highlights the scale of production and quality that Ispire is capable of, showing that we are recognized as a global leader in e-cigarette device design and manufacturing. Entering into the international e-cigarette ODM space with a partner of this caliber further solidifies our approach to global nicotine strategy."

For more information visit https://ispiretechnology.com/.

About Ispire Technology Inc.

Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 400 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company's cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa, it also has commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on Instagram, LinkedIn, Facebook, Twitter and YouTube.

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