Ruyan

The Ruyan Group ( Holdings) Limited, abbreviated Ruyan, started in May 2004 under its former name of Golden Dragon Group (Holdings ) Limited with the sale of electric cigarette in the Chinese market. A short time later the worldwide marketing of this product began under the brand name Ruyan. In 2010 the company changed its name once more in Dragonite International Limited. The electric cigarettes are still sold under the brand name of Ruyan.

History

The company started in 1993 with the production of ginseng products. In addition to this healthcare product later pharmaceutical products have been added to the portfolio. In 2001, the company Golden Dragon Group (Holdings ) Limited was listed on the Hong Kong Stock Exchange under the number 0329. Developed by the employee Hon Lik Electric cigarette was patented in 2003. 2007, the company was renamed Ruyan Group ( Holdings) Limited. In fiscal 2009, the company's sales fell by 77 % compared to the previous year. This was attributed to the penetration of counterfeit products and amended laws and regulations in the country of sale. The company was renamed again in 2010, now in Dragonite International Limted. In the same year, sales fell again by 78%, including due to new legislation, which tied under the export of electronic cigarettes to Australia, Singapore and Canada, for example.

Products

The activities of Ruyan Group and today Dragon International spread across three divisions:

  • Healthcare: Drugs of Traditional Chinese Medicine
  • Pharmaceutical products
  • Electronic Cigarettes as a main source of revenue of the company. In addition to the actual electronic cigarettes and electronic pipes and cigars are offered under the brand name of Ruyan.
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