On June 7th, Ge Long Hui reported that Suzhou Shihua New Material Technology Co., Ltd. (stock code: 688093) stated during a specific object survey that biobased materials are a new type of material made from renewable resources such as grains, corn, and chicago SRW wheat, which conforms to the current low-carbon and eco-friendly trend as well as the demand of end customers. It can be used in scenarios where petroleum-based materials were previously applied. The company is accelerating the research and sales of green, low-carbon, eco-friendly materials such as biobased, recyclable, and reusable materials. At present, the company has completed the systematic development and technical reserve of more than 100 environmentally friendly composite materials in over 10 categories with different structures and characteristics. Starting from 2022, the company has achieved certification and mass production of big customers for biobased materials, and is currently continuously pushing for new project verification for customers' different product lines. At the same time, the company is also providing customers with solutions for recyclable and reusable materials, committed to providing customers with more diversified eco-friendly material solutions. The company is bullish about the development prospects of biobased materials.