Montnets Cloud Technology Group Co., Ltd.(SZSE:002123) dropped from Shenzhen Stock Exchange Component A Share Index

Montnets Cloud Technology Group Co Ltd, formerly Montnets Rongxin Technology Group Co Ltd, is a China-based company mainly engaged in enterprise cloud communications business. The cloud communication service business model includes providing enterprises with platform-as-a-service (PaaS) communication capabilities, including short messages, fifth-generation mobile networks (5G) messages, voice, etc., software-as-a-service (SaaS) service number, video conferencing, and Internet of things cloud etc., and Infrastructure-as-a-service (IaaS) data center. The Company is also engaged in the design and manufacturing of energy-saving high-power power electronic equipment. Its products include static var compensato and others. The Company conducts its businesses within the China market and to overseas markets.