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Why do some trademarks have a circled R or a circled TM in the upper right corner?

Shenzhen Luhao Intellectual Property Answers:

R means that the trademark has been registered, that is, the trademark registration certificate has been obtained. It is the exclusive property of the owner of the registered trademark and is protected by law. Others may not use this trademark without the authorization of the trademark owner.

TM stated that the trademark has been submitted for registration and received an acceptance notice, but has not yet received the trademark registration certificate and has entered the opposition period. This will prevent other companies or individuals from filing duplicate applications, and also means that the current trademark holder has priority to use it.