Huge Capital Increase Happened In Gold Cup

At the end of June, Gold Cup Electric Electromagnetic Wire Co., Ltd. completed the registration of industrial and commercial changes, increasing the registered capital from 300 million RMB to 500 million RMB. At this point, Gold Cup's first time capital increase since its establishment completed. It has become one of a few enterprises whose registered capital are more than 500 million RMB, specializing in manufacturing electromagnetic wire.

Gold Cup is the largest and most professional winding wire company in central and southern China. The company has developed fast and steady, the quality of its products has been upgraded continuously, new products, alternative products, high-end special winding wire products etc..Gold Cup's market share is larger and larger, It’s becoming one of the well-known,great influence, strong comprehensive strength enterprises. Gold Cup Electric group (stock code: 002533) unilaterally injected 200 million RMB into Gold Cup Electric Electromagnetic Wire Co., Ltd., increasing the proportion of its holdings from the original 75% to 85%. The successful realization of the capital increase, showing confidence of the shareholders of Gold Cup. It is a remarkable action of promoting the company to be become "A leading company of winding wire in China".

The increase of registered capital, upgraded Gold Cup's core capital strength and risk prevention ability.It laid a solid foundation for optimizing the level of enterprise management, improving market competitiveness and realizing sustainable innovation and development.