According to the Zhitong Finance App, Dongfang Cable (603606.SH) issued an announcement. With the approval of the Ningbo Municipal People's Government, the Ningbo Municipal Bureau of Natural Resources and Planning sold the state-owned construction land use rights of the BLxB04-02-08A plot in Beilun District through an auction. In order to meet the company's future needs related to high-end R&D and industrial management, the company plans to participate in the auction of this plot as the management site for the company's investment and construction of the Central Research Institute and headquarters. The starting price for this auction listing is 84.062 million yuan (the specific auction amount is based on the transaction price, and there is still uncertainty about whether the auction will be successful). The concession area of the plot: 20,886 square meters (20,886 square meters of underground space sold together), land use: commercial and financial land.

The state-owned construction land to participate in the auction is located in the core area proposed by the Ningbo Municipal People's Government to “build a global capital of intelligent manufacturing innovation, build the Yongjiang Science and Technology Innovation Zone with world-class standards, and build the Yongjiang Science and Technology Innovation Zone into an important innovation strategy center”, which will be the core engine for the city's innovation and development. Relying on the accredited National Enterprise Technology Center, National Postdoctoral Research Workstation, Provincial Enterprise R&D Center, Provincial Enterprise R&D Center, Provincial Key Enterprise Research Institute, and Provincial Academician Expert Workstation's R&D and Technology Platform, the Company continues to increase investment in science and technology research and development, and is actively building a new demonstration application platform in the Yongjiang Science and Technology Innovation Zone.

With the Central Research Institute as the main function, it further enhances the four major system solutions for deep-sea umbilical cord cables and dynamic cables, ultra-high voltage cables and submarine cables, intelligent distribution network cables and engineering cables, land and sea engineering services, and operation and maintenance, focusing on promoting R&D cooperation in new materials, new technologies and upstream and downstream of the industrial chain. At the same time, it is conducive to attracting high-end scientific and technological talents and speeding up industrial applications, and meeting the company's long-term strategic development needs.