On December 11, 2021, our new project, the 130,000-ton biomass new material industrialization project, officially started construction. Relevant leaders of Jinhu County Economic Development Zone and our chairman, general manager, all shareholders and some employees attended the groundbreaking ceremony.

Jiangsu Qifa Biotechnology Co., Ltd. has an annual production capacity of 130,000 tons of new biomass materials with an estimated total investment of 165 million yuan; the planned area is about 50 mu, the construction period is 5 years, and the construction is divided into two phases: the first phase of the factory area is 18,000 square meters m, planning 20,000 tons of plastic-wood composite products and 10,000 tons of biomass degradable particles. The second phase covers an area of 12,000 square meters, planning 40,000 tons of wood-plastic composite products and 60,000 tons of biomass degradable particles. The project will be implemented in batches and steps, with a total plan to build 40 biomass degradable pellet production lines and 50 plastic-wood composite material production lines.

The new project of Jiangsu Qifa Biotechnology Co., Ltd. aims to further enhance the automation and intelligent application of industrial manufacturing, realize the large-scale development of advanced technology, and is committed to reducing carbon emissions and comprehensive recycling of resources in the green industrial chain of circular economy. solution.