Configuring keyring component

[John Carver]

Gents,I an trying to configure component keyring on RHEL 8. I placed a global file in /sbin per the instructions. I placed a second file in /usr/lib64/mysql/plugin and verified library was there. Restarted mysqld but no go

Global config is as follows:
[root@rhel8 plugin]# ls -l /sbin/mysqld.my
-rw-r-----. 1 mysql mysql 52 Apr 25 17:38 /sbin/mysqld.my

[root@rhel8 vagrant]# more /sbin/mysqld.my
{
"components": "file://component_keyring_file"
}
[root@rhel8 plugin]# ls -l component_keyring_file.cnf
-r--r-----. 1 mysql mysql 68 Apr 25 20:16 component_keyring_file.cnf

[root@rhel8 plugin]# more component_keyring_file.cnf
{
"path": "/usr/local/mysql/keyring/app",
"read_only": false
}

It seems setup right. Cannot figure out why it is not working.