Group 1 - The company has decided to suspend operations for six months starting from July 7, 2025, due to changing market conditions and business needs [3] - Employees will receive normal wages for the first month of suspension, followed by 80% of the local minimum wage for living expenses from the second month until operations resume or employment is terminated [3] - Social security and housing fund contributions during the suspension will be based on the local minimum wage [3] Group 2 - Employees reported a lack of communication regarding the sudden suspension, with some expressing concerns about unpaid reimbursements and potential company closure rumors [4] - The company is currently recalling products and has hired temporary workers, but there are uncertainties regarding financial compensation [4] - Another subsidiary, Jiangmen Roma Technology Co., Ltd., has also suspended operations, and arrangements are being made for employees to retrieve personal belongings [6] - Recent changes in the company's legal representative and management have been noted, with a focus on internal restructuring and preparation for new products [6]

Core Viewpoint - The company Romoss has announced a temporary suspension of operations for six months starting from July 7, 2025, due to changing market conditions and business needs, while addressing recent safety concerns regarding its products [1][2]. Group 1: Operational Changes - Romoss officially issued a notice for a six-month suspension of work and production starting July 7, 2025, with only recalled employees returning to work [1] - During the first month of suspension, the company will pay employees their regular wages, followed by 80% of the local minimum wage for the subsequent months [1] - Employees reported that their access to the Shenzhen office was revoked, indicating a significant operational shift [2] Group 2: Product Safety Issues - The company faced scrutiny over its power banks, particularly a 20,000mAh model, which was reported to have a high risk of combustion, leading several universities to recommend discontinuation of use [2] - In response to safety concerns, Romoss announced a recall of 491,745 units of certain power bank models manufactured between June 5, 2023, and July 31, 2024, due to potential overheating risks [2][3] - Specific models and production batches involved in the recall were detailed, indicating a proactive approach to addressing safety issues [3] Group 3: Management Changes - A change in the company's legal representative occurred, with Lei Shexing stepping down and Lei Xingrong taking over, reflecting ongoing internal restructuring efforts [3] - The company stated that it is focusing on internal audits and preparing for new product launches amidst these changes [3] Group 4: Company Background - Romoss was founded in 2012 and has achieved an annual shipment volume exceeding 50 million units [4]

Core Viewpoint - The company has established a special rectification working group following the directive from the Yunnan Securities Regulatory Bureau to implement corrective measures [1] Group 1 - The rectification measures include enhancing the study of laws and regulations, revising internal management systems, strictly managing the use of raised funds, and strengthening internal audit supervision [1] - The company held a board and supervisory committee meeting on May 13, 2025, to review and approve the rectification report, indicating that the issues have been addressed [1] - The company will continue to implement the rectification measures in the long term [1]