Royole Technology, which released the world's first foldable phone, has been unable to pay employees for six months

In December last year, Royole Technology was exposed to be in financial difficulties and owed a large number of employees wages. According to a previous report by The Paper, a Royole insider responded that there is a compensation plan for the unpaid wages, including cash compensation and option compensation. The company is currently operating normally, and the employees are in a stable mood and are all working normally.

Today, Royole Technology is still in the dilemma of "lack of money".

Recently, according to @红星资局, on March 29, an employee of Royole Technology said that from September last year to now, he has received 5 emails about unpaid wages in 6 months. The content of the emails is roughly the same: "The company's financing is progressing, the funds will be received soon, and the wages will be paid immediately."

According to his calculations, Royole Technology has owed him nearly 100,000 yuan in salary. The employee also revealed that the number of Royole Technology employees has dropped from 1,800 to 700.

It is understood that in 2018, Royole Technology released the world's first foldable mobile phone - FlexPai, which uses the 7.8-inch cicada-wing flexible screen 2nd generation AMOLED screen independently developed by Royole Technology.

According to public information, Royole Technology was founded in 2012. Its main business is the research and development, production and sales of flexible electronic products. It also provides customers with flexible electronic solutions, which are mainly used in smart mobile terminals, smart transportation, entertainment media, smart home, sports fashion, office education and other industries.