DCSX has approved on December 7, 2020, the listing of a maximum of 20 million shares of Winner International Holding Limited (DCSX Symbol: WNCN) @ USD 2.00 with an initial market capitalization of USD 40 million.  Nanjing Zfast Consulting Limited is the mandated Listing Advisor.

Winner International Holding Limited is a limited liability company incorporated in the Territory of British Virgin Islands as the holding company of a group of subsidiaries and the operating entity in PRC: Wenzhou Wenna Auto Parts Co., Limited. The operating entity was incorporated in 2008 and is now located in Tangxia Town, Ruian City, Zhejiang Province, PRC, were also known as the city of auto parts in China.

The Group is an EGR Valve manufacturer focusing on the automotive after-sales market. They manufacture and sell different types of EGR Valve to a wide customer base globally. Their current plant covers an area of 2,000 square meters and now has 130 employees. They have production capacity and R&D capability with advanced production and testing equipment. They own and operate 9 assembly lines, 6 automatic computer numerical control lathes, 18 CNC lathes, 12 machining centers, 4 spindle machines, 5 magnetic polishing machines and had a maximum designed production capacity of 450,000 units of valves per year. They also have their own testing laboratory with 32 comprehensive gas valve testing equipment including Brinell testers, Rockwell apparatus, salt spray test machines, impulsator, oscillograph, and other advanced testing equipment which enable them to perform resistance testing, leak testing, response testing, and flow testing for their products in-house. Their products have been well recognized by both domestics and international clients. In financial year 2019, 93% of their products were exported, mainly to Europe (83%) which is the largest market for them.

As of the financial year 2019, the Company has a market share of approximately 0.02% on the total auto parts export from China. They plan to strengthen and further expand their existing market position in both the PRC and overseas markets.

The Company will not raise or receive new funds with this listing. However, the Company and/or its shareholders may wish to trade their existing shares through listing on the DCSX, thereby creating liquidity for the Shares. Directors believe that the listing of the Shares on DCSX is beneficial to the Group and their shareholders because a listing on DCSX will:(a) Enable shareholders who may wish to trade their shares through a stock exchange;(b) Uplifting the image of the Group locally and globally;(c) Facilitate the Group to raise further capital when such additional capital is needed;(d) Broaden the Company’s shareholder base and make the Company more attractive to potential investors.

Further details about the business can be found on our Markets page on this website under Equities Symbol WNCN.