According to Zhitong Finance App, Wanma Co., Ltd. (002276.SZ) announced that in order to enhance core competitiveness and promote the implementation of the development strategy, the company's subsidiary Zhejiang Wanma Polymer Materials Group Co., Ltd. (hereinafter referred to as “Wanma Polymer”) plans to invest in the construction of the Wanma Polymer Qingdao Submarine Cable Insulation Material Project in the West Coast New Area of Qingdao City, Shandong Province. The project plan is for Wanma Polymer to set up a wholly-owned subsidiary as the main investor in the project, with an estimated total investment of about 370 million yuan.

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