Royole Technology stated that the company has never actively filed for bankruptcy or entered bankruptcy proceedings, and the company is still operating.

According to news from this site on April 1, Royole Technology issued a document through its official public account this afternoon to respond to recent rumors and interpretations about its bankruptcy.

Royole stated that the company has never actively filed for bankruptcy, nor has it entered bankruptcy procedures , and the company is still in operation. The recent rumors come from company employees who resigned personally filed for bankruptcy review in the name of option settlement disputes. The company has always attached great importance to safeguarding the legitimate rights and interests of its employees. Relevant matters will be actively and steadily handled based on objective facts and in accordance with laws and regulations.

This site attaches a brief summary:

• 2021-2022: After withdrawing its IPO application in February 2021, Royole began to show financial constraints. In April 2022, it was on the hot search for "unpaid wages".

• ##2023: Jiemian News once reported that on December 25, about 50 Royole employees were at the Royole International Display Base in Longgang District, Shenzhen. Banners and slogans were held at the door, demanding that the company pay wages as soon as possible. According to multiple employees participating in the strike, Royole has been in arrears with employee wages for as long as a year from November 2022 to now.

• February 2024: Shenzhen Royole Technology Co., Ltd. was listed as a dishonest person subject to execution by the Shenzhen Intermediate People’s Court due to other acts of evading execution ( Commonly known as "Lao Lai"), and are restricted from high consumption.

• March 2024: Shenzhen Royole Technology Co., Ltd. and its subsidiaries Shenzhen Royole Electronic Technology Co., Ltd. and Shenzhen Royole Display Technology Co., Ltd. There is one new bankruptcy review case each, and the applicants are natural persons Zhang, Wang, and Guo.

##Related reading:

" Royole, the originator of folding screen mobile phones, was filed for bankruptcy review, and last year it was revealed that it was owed wages for up to a year"

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