Wanma Shares Subsidiary Plans Two Major Cable Material Projects with Total Investment of About 820 Million Yuan

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Wanma Shares announced that its subsidiary Wanma Polymer plans to build a high-quality factory project with an annual output of 100,000 tons of cable materials in Yuqian Town, Lin'an District, Hangzhou, with an estimated total investment of about 450 million yuan and a construction period from 2026 to 2027. At the same time, it plans to invest in the Wanma Polymer Qingdao submarine cable insulation material project in the West Coast New Area of Qingdao, Shandong Province, with an estimated total investment of about 370 million yuan and a construction period from 2026 to 2028.

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Zhejiang Wanma Co Ltd
002276
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Subsidiary plans two major cable material projects with total investment of about 820 million yuan, indicating expansion and capital deployment.

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