Coopretion with Shandong Shengchang New Materials Co., Ltd. It was invested 400 million yuan in 2020 to establish a green manufacturing demonstration project for the production of 300,000 cubic meters of wood-based reconstituted material VMB energy-efficient panels annually, with a projected annual sales revenue of 1.25 billion yuan. In the design of their factory production processes, we collaborate closely with Shengchang to customize and develop new products. Our collaboration extends beyond product supply and includes joint research and development of innovative solutions to meet Shengchang's specific requirements in the ever-evolving market. This close cooperation strengthens our partnership with Shengchang and brings mutual success to both parties.