Willsemi(SH:603501) Guan Cha Zhe Wang·2025-06-11 07:24Group 1 - The Ministry of Education announced the proposed establishment of 10 new universities, including Bay Area University and Ningbo Dongfang University of Technology [1][2] - Ningbo Dongfang University of Technology is a privately funded institution aimed at being a research-oriented university with a focus on engineering and technology [2][4] - The university is backed by Yu Renrong, founder of Weier Technology, which is a leading image sensor manufacturer in China [4][6] Group 2 - The total investment for Ningbo Dongfang University is projected to be 46 billion, with the Ningbo municipal government contributing 16 billion [6] - The university plans to accommodate 10,000 students within ten years, with a student-to-faculty ratio of 1:10 [6][7] - The university aims to start enrolling undergraduate students in 2025 and has a long-term goal of becoming a world-class institution by 2050 [7]