Orient Cable: Secures Combined Contracts Worth Approximately 1.227 Billion Yuan for Submarine and Land Cable Projects

Orient Cable announced that the company has recently received bid-winning notices and related website announcements, confirming its status as the bid winner for multiple submarine and land cable projects. Among them, the land cable system projects include the procurement of wires and cables for China Railway Seventh Group's Ningbo Rail Transit, State Grid Shanghai Electric Power, and State Grid Zhejiang Electric Power Ningbo Power Supply Company, with a winning bid amount of approximately 328 million yuan. The submarine cable system projects include the submarine cable and accessories project (Package 2) for the Yangjiang Sanshan Island offshore wind power flexible direct current transmission project of China Southern Power Grid, with a winning bid amount of approximately 899 million yuan. The total winning bid amount for the above projects is approximately 1.227 billion yuan, and the fulfillment of these contracts will have a positive impact on the company's future operating performance.