Gold Cup Electric Apparatus Co., Ltd.
Securities Code: 002533
Securities Abbreviation: Gold Cup Electric
Announcement No.: 2026-019
Announcement on the Progress of Subsidiary's Capital Increase and Investment in Establishing a European Base
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.
1. Overview of External Investment
- Gold Cup Electric Apparatus Co., Ltd. (hereinafter referred to as "the Company") held the 9th interim meeting of the 7th Board of Directors on March 12, 2025, and the 2024 Annual General Meeting on April 23, 2025, where it reviewed and approved the proposal for establishing a European production base. The Company agreed to invest approximately 700 million RMB in the phased construction of an electromagnetic wire production base in the Czech Republic and authorized the management to handle all matters related to this overseas investment, including but not limited to establishing overseas companies, signing relevant contracts and agreements, applying for overseas investment filing and registration, hiring intermediaries, purchasing factory buildings, and handling all other matters related to this overseas investment. This authorization is effective from the date of approval by the shareholders' meeting until the completion of the authorized matters. For specific details, please refer to the announcement titled "Proposal for Establishing a European Production Base" disclosed by the Company on March 13, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn).