Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Reported salary-payment delays amid financial strain
Reports citing Royole employees said that salary payments had been delayed for months as the loss-making company faced tight cash flow and sought new financing. Founder and CEO Liu Zihong reportedly discussed the situation at a November 30 all-hands meeting and indicated that repayment timing remained uncertain.
2021
Prolonged unpaid wages led employees to file for bankruptcy; court declared bankruptcy in 2024
Royole began facing reports of unpaid wages in 2021, as operations stalled and the company continued seeking financing. In 2024, employee creditors filed for bankruptcy; after accepting the liquidation case, the court declared the company bankrupt. This entry completes the judicial aftermath of the earlier unpaid-wage and financial-pressure events, without adding the same crisis as a separate item.