Shuguang Electric Company experienced a fire in August 2019 and burned to the ground. They made HAM radio amplifier tubes under an assortment of names like RF Parts, Taylor, Machlett. Their quality was typical Chinesium compared with other countries like Russia for example.
China never issued a permit to rebuild the factory so a group of ex-employees left and started PSVANE. Once again, poor quality and failure rates higher than acceptable.
Russia no longer exports tubes in retaliation for the sanctions so PSVANE has capitalized on this demand.