The originator of foldable screen mobile phones! Royole Technology responds to rumors that listing is only to make money: all are false information

On May 28, domestic manufacturer Royole Technology can be said to be the originator of folding screen mobile phones. In 2018, it released the FlexPai model, becoming the world’s first folding screen mobile phone.

At its peak, Royole Technology was valued at more than 50 billion, but after its success, it went downhill like a roller coaster, with news of broken capital chains, unpaid wages, and even being filed for bankruptcy earlier this year.

However, Royole Technology is still insisting on self-help. Today it also issued an announcement to clarify rumors such as "the listing is only to make money" and other rumors.

Royole said that over the years, some untrue remarks have persisted and been spread maliciously, which has seriously damaged the reputation of the company and individual teams and violated their legitimate rights and interests. .

The official has specially sorted out some seriously false remarks to clarify them.

It is mentioned that at the beginning of Royole’s mass production of folding screens in 2018, taking into account the maturity of the industry and the pioneering stage of the folding screen mobile phone industry, the company decided to launch B2B and B2C strategies at the same time to accelerate product entry into the market and improve the launch of the folding screen mobile phone industry. In the downstream industry chain, the company launched its own brand of FlexPai folding screen mobile phone. At that time, the failure to cooperate with downstream mobile phone brand customers in time was a strategic choice of the company, not a technical problem.

In fact, Royole has received orders for folding screens from a well-known domestic mobile phone brand in 2020, but later did not proceed due to business conditions.

Since then, Royole has cooperated with the well-known brand VERTU and provided ODM/OEM services for VERTU’s two generations of folding screen mobile phones, both of which adopt Royole’s folding screen technology and software and hardware design.

In addition to the mobile phone market, Royole also said that it has been actively exploring innovative applications in other industries. It has previously cooperated with hundreds of corporate customers including Airbus, LV, CRRC, Luzhou Laojiao, etc., across the consumer Electronics, smart transportation, smart home, office education and other industries, and has been praised and recognized by a large number of customers.

The original response is as follows:

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