Jintong Finance app learned that Gold Cup Electric Apparatus (002533.SZ) announced that in order to comply with the development trend of the industry, further meet customer needs, and improve the international competitiveness of the company's flat electromagnetic wire products, the company's holding company, Wuxi Tongli Electric Co., Ltd. (referred to as "Tongli Electric") established a wholly-owned subsidiary, Wuxi Tongli International Trading Co., Ltd., with its own capital of RMB 10 million, and recently obtained a business license.