Founded in 2006, Risecomm Group Holdings Limited is a power line communications ("PLC") technology company specializing in specialized in the design, development and sale of system-on-chip ICs, modules, devices and solutions adopting the PLC technology. The Group's core competence is the development of application-specific integrated circuits ("ASICs") and its proprietary ASICs are embedded in all of its PLC products. With the support of a strong R&D team and abundant resources, the Group continues to pursue technological innovation.

The Group's PLC products are used mainly by the power grid companies in China. It is one of the first PLC technology companies to have automated meter reading ("AMR") products commercially deployed in State Grid's AMR systems. In addition, the Group is prominent PLC solutions provider for streetlight control in China, and also provides various PLC products and solutions for a number of applications related to energy saving and environmental protection.

Furthermore, in view of achieving a more balanced revenue composition, the Group acquired Green Harmony Limited and its subsidiaries ("Green Harmony") in August 2018. The Group expanded its business and engages in smart manufacturing & industrial automation ("SMIA") business where the Group offered software licenses, production safety products as well as provision of software post-contract customer support services applied in the area of maintenance and safety integrity system ("MSI") in the petroleum and petrochemicals industry.