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TTGG Joined the Founding Meeting of Aupu Living Corporation as the Sponsor

Date: 2017-06-27
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President HE Xiangdong and senior partner CAI Xiaofei, etc. of TTGG went to Hangzhou Xiasha Economic and Technological Development Area to attend the Found Meeting of Aupu Living Corporation and 2017 the First Extraordinary General Meeting of Shareholders on June 20th, 2017.

TTGG Joined the Founding Meeting of Aupu Living Corporation as the Sponsor 

The meeting was presided over by chief financial officer and secretary to president of Aupu Living LIU Wenlong, where founders of Aupu Living Fang James and FANG Shengkang, executive president WU Xingjie and all sponsor shareholders attended the meeting as representatives. The meeting reviewed and passed a series of company shareholding reform proposals dominated by Proposal on Share Conversion Scheme upon Changing Hangzhou Aupu Bath & Kitchen Technology Co., Ltd. into Aupu Living Corporation, declaring the completion of company shareholding reform. Later, executive president WU Xingjie of Aupu Living explained to all shareholders the latest operation status and next stage strategic planning of the company.

 

Hangzhou Aupu Bath & Kitchen Technology Co., Ltd. (“Aupu Bath & Kitchen”), the predecessor of Aupu Living, was established in 1993, listed on the main board in HKEX as “Aupu Group Holding (00477.HK)” in 2006 and privatized in September 2016. After delisting, the company introduced TTGG, Vision Knight Capital, ZUIG Investment, Redstar Macalline and other prominent strategic investment institutions. Since the establishment, Aupu Living has kept rapid and steady development, boasting undisputed leading brands of bathroom heat lamp fixture, integrated ceiling and other subdivisions. In recent years, following the upgrading of resident consumption, the company realized a great-leap-forward development with doubled income and 200% of profit increase from 2014 to 2016, strengthening the positions of leading brands of bathroom heat lamp fixture and integrated ceiling subdivisions. Now, Aupu keeps insisting on the concept of “design for love” and devotes to the research and development of a series of intelligent products improving air purity, temperature, humidity and lighting, striving to create pure, clear, healthy and cozy room environment for the people.  

 

TTGG’s action of making investment in Aupu Living through the first USD fund—Apollo Fund of the parent company GGTT Group aims to establish important strategic partnership with Aupu Living. TTGG has been taking large consumer goods industry as the one of the company’s strategic targets and dedicating itself to promoting industry and finance integration and industry upgrading. It is a significant investment layout of the company to facilitate the development domestic leading consumer goods enterprises, residents’ living consumption upgrading and living environment improvement by investing Aupu Living.


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