Yongding will invest in the construction of submarine cable production base in Tongzhou Bay River Sea Joint Development Demonstration Zone

On December 17, Jiangsu Etern Co., Ltd. (hereinafter referred to as Yongding) signed an industrial development agreement with the Management Committee of Tongzhou Bay River Sea Joint Development Demonstration Zone in Jiangsu Province to invest in the construction of a high-end submarine cable base. Shi Hongjie, Deputy Secretary of the Party Working Committee and Director of the Management Committee of Tongzhou Bay Demonstration Zone, Mo Siming, Chairman and General Manager of Yongding, and relevant industry leaders attended the signing ceremony. Yongding shares director, executive vice president Tan Qiang presided over the event.

First of all, Tan Qiang, vice president of Yongding shares, expressed his sincere welcome and heartfelt thanks to all the leaders and guests attending the ceremony, and said that this investment project is a big step taken by Yongding in implementing the strategy of "photoelectric integration and coordinated development". It will also be painted in the development history of Yongding and become an important force for Yongding to continue to take off.

Mo Siming, chairman and general manager of Yongding Co., Ltd., delivered a speech on behalf of Yongding. He said that as an enterprise growing at the same time as the reform and opening up, Yongding focused on the real economy, focused on innovation and research and development, and gradually developed into a national innovative high-tech industrial group. This project will become an influential submarine cable R & D and production base in China, and a new starting point for Yongding to develop the marine industry. On the road to the new journey of the "14th Five-Year Plan", Yongding will take this opportunity to make a good start, make a good start, cooperate sincerely, work together, and seek the future together!

Shi Hongjie, deputy secretary of the Party Working Committee and director of the Management Committee of Tongzhou Bay Demonstration Zone, introduced the Tongzhou Bay Demonstration Zone in his speech and expressed his trust and support for Yongding. I hope that in the future, the two sides can cooperate sincerely, work together and move forward to higher goals.

Deng Chengjie, member of the Party Working Committee and Deputy Director of the Management Committee of Tongzhou Bay Demonstration Zone, and Zhang Guodong, Director, Deputy General Manager and Secretary of the Board of Yongding Co., Ltd. signed the contract on behalf of both parties. Shi Hongjie, Deputy Secretary of the Party Working Committee and Director of the Administrative Committee of Tongzhou Bay Demonstration Zone, Wang Ronggui, Deputy Secretary of the Political and Legal Committee of Nantong Municipal Committee, Shi Xingkai, Deputy Secretary of the Party Working Committee of Tongzhou Bay Demonstration Zone, Cao Suning, Chairman and General Manager of Yongding Co., Ltd. Chairman and General Manager Mo Siming, Director and Executive Deputy General Manager Tan Qiang of Yongding Co., Ltd.

Yongding has set up a wholly-owned subsidiary Yongding Submarine Cable (Nantong) Co., Ltd. in Tongzhou Bay Demonstration Zone as the main body of the investment and construction of high-end submarine cable project. It is planned to invest 1.25 billion yuan to produce a variety of submarine cables such as high voltage, ultra-high voltage, AC, DC, dynamic flexible straight and submarine umbilical cord, etc. required for power transmission in the far and near sea areas, so as to meet the demand for submarine cables such as offshore wind power, offshore oil and gas, and offshore exploration, and to support the implementation of national strategies such as the national double carbon target and marine development.