RONGYU GROUP CO., LTD. is a China-based company. Through its subsidiaries, the Company is divided into three segments. The Industrial segment is principally engaged in the research and development, production and sales of permanent magnet switches and high-low voltage switch equipment products. The Innovative Technology segment provides credit data system software development service, all channels digital retail management solutions and products as well as digital marketing and advertising agency services. The Financial Services segment includes factoring business, financial leasing services and consulting services. The Company mainly conducts its businesses in domestic market.