Firstly, a multi-component matrix Loop algebra (A) over tilde (2M) and its expanding Loop algebra (A) over tilde (4M+1) are constructed. Then using (A) over tilde (2M), an isospectral problem is established; and by virtue of the Tu scheme, a multi-component integrable system is obtained, which is Liouville integrable. Further, the Hamiltonian structure of the obtained system is worked out by the trace identity. Finally, again using the Tu scheme, the integrable coupling of the obtained system is generated based on (A) over tilde (4M+1).