ROMSUN Announces Work Stoppage Following Employee Access Revoked; Company Previously Denied Insolvency

CNBC AI News, July 6. Roman, a consumer electronics brand, has hit a significant roadblock.

Multiple media reports indicate that in the early hours of July 6th, Roman officially issued a notice of suspension of operations and leave. The notice stated that due to the evolving market environment and the company’s business development needs, a shareholder resolution has been made to temporarily halt production and operations.

The suspension is set to commence on July 7, 2025, and will last for a period of six months. With the exception of recalled core personnel, all other employees will be placed on leave. During the initial month of this leave, employees will receive their agreed-upon salaries. Subsequently, for the following months, workers will be provided with living expenses equivalent to 80% of the local minimum wage. The company will continue to contribute to statutory benefits based on the local minimum wage standard.

The full text of the Roman notice, as exposed by media outlets, is as follows:

Notice Regarding Suspension of Operations and Leave

Dear Colleagues,

In response to the dynamic market landscape and the strategic needs of our business evolution, following thorough deliberation by the shareholder committee, a decision has been made to implement a temporary suspension of operations and production. The specifics are detailed below:

I. Suspension Period: Commencing July 7, 2025, for a duration of six months. Any extensions or early terminations will be communicated separately by the company.

II. Scope of Suspension: All employees, excluding those recalled for essential functions, will be placed on suspension from work.

III. Compensation Policy: During the initial month of the suspension, employees will receive their stipulated salary. From the second month onward, in accordance with Article 39 of the Guangdong Provincial Regulations on Wage Payment, employees will be entitled to living expenses at a rate no less than 80% of the local minimum wage. These payments will be disbursed promptly until the company resumes operations, production, or until formal termination of employment.

IV. Social Security and Housing Fund Contributions: Throughout the period of suspension, the company will maintain contributions for social security and housing funds, calculated based on the local minimum wage standard.

V. Future Arrangements: We may implement further adjustments during this period of suspension. Any subsequent notifications or arrangements will be communicated promptly via the corporate platform DingTalk. We kindly request that you ensure your contact information remains up-to-date for timely communication.

This decision represents a necessary recalibration of our operations in light of current business challenges and our commitment to long-term strategic growth. The shareholder committee is actively exploring all viable options. We appreciate your understanding and support.

On July 5th, several Roman employees reported to the media that their access credentials to the Shenzhen office had been revoked when they attempted to retrieve personal belongings.

Notably, on July 3rd, Roman’s official Weibo account responded to rumors of bankruptcy, stating, “We are not bankrupt, and we appreciate your concern. We are committed to resolving all issues for our friends, users, and partners.”

One netizen commented, “I hope they don’t go bankrupt. I’ve been a long-time user and don’t wish for any company to fail, as it represents the hard work and dedication of many individuals. I hope they can resolve their issues and make a comeback.”

Previously, numerous consumers had reported difficulties in obtaining refunds from Roman’s official Taobao store for power bank purchases, citing insufficient account balances for processing returns.