Gold Cup automobile joint venture building Special purpose vehicle production base

Gold Cup car (600609) issued a notice, the company and Liaoning Special Vehicle Base Development Co., Ltd. Joint venture to establish Brilliance Automobile (Tieling) Special Vehicle Co., Ltd., of which Liaoning Base company invested 100 million yuan, the company invested 20 million yuan.　　After the establishment of the new company, will become a research and development, production and sales of specialized vehicle production base. In addition, the company intends to transfer the holding of Shenyang Rui Wheel Co., Ltd. 40% of the equity. The company holds 40% shares in Shenyang, three flower holding Group Limited shares 32.1%, good Easy International Limited (Hong Kong) shareholding 27.9%. The company after 12 years of production and operation, the cumulative loss of huge, and equipment technology behind, in the current China's wheel industry overcapacity, excessive competition, product prices continue to lower, the company intends to transfer the holding of Shenyang all shares. (Nan)