On November 15, Gelonhui reported that Tianzhen Stock (301356.SZ) stated during an investor relations event that since 2022, Tianzhen Stock has proactively initiated the research and development of RPET composite flooring. In 2022, various tasks such as laboratory testing and pilot testing were completed, and in 2023, efforts were made to achieve mass production process standards, continuously reduce costs, and improve production efficiency. By January 2024, RPET products were officially launched at the Hanover International Ground Pavement Exhibition in Germany. In 2024, the company continued to optimize the process and advance commercial cooperation. After more than half a year of effort, new products officially received bulk orders from a well-known international customer starting in August, and commercial cooperation with other major customers is also steadily progressing. The RPET new composite flooring reproduces over 30 types of original wood materials in a 1:1 high-definition pixel format and incorporates 3D printing technology. The visual effects and touch of the product are significantly enhanced compared to the original PVC products, with the appearance closely resembling original wood materials. The new product is based on natural stone powder and recycled PET as core materials, aligning well with the green consumer trend of non-PVC materials and resource recycling in the target market. Performance in water resistance, temperature resistance, abrasion resistance, and scratch resistance has been significantly improved overall. Based on the green consumer trend, comprehensive improvement in physical performance, and cost advantages, we predict that RPET composite flooring will become a new favorite in the market with vast opportunities in the future. The bulk order progress for the new product is smooth, and the product is expected to be fully launched in the US market by December this year. The company's existing new product capacity has reached full production, and future expansion plans will be based on order situations. Production efficiency and product qualification rates are also gradually increasing.