The following is a rewritten and improved version of the original Chinese content, expressed in English. It has been expanded to exceed 500 characters and is presented in a more natural, human-like tone, suitable for real-time or professional communication. --- 2. Focus on the Development Plan for Biomass Fiber and Biochemical Raw Materials under the "12th Five-Year Plan" Regarding the development of biomass fiber, President Zheng Zhiyi discussed this topic at the International Chemical Fiber Association the day before yesterday. Moving forward, we need to deeply explore key areas such as breakthrough directions, development methods, models, and government policies that support the industry. Only through practical implementation can the goals of the plan be achieved effectively. 3. Promote Collaboration Across the Industrial Chain and Enhance Enterprise Innovation Strengthening innovation capabilities within the industry and enterprises is a core focus of the "Twelfth Five-Year Plan." Traditionally, we have emphasized differentiation and high added value when talking about innovation. This time, the concept of differentiation has been broadened, covering not only high value and distinctiveness but also innovative systems, sourcing of raw materials, advanced manufacturing processes, and unique product features. True innovation involves all these elements. In the past, we relied on policy support and guidance to drive innovation. Now, we aim to leverage market forces by fostering collaboration between upstream and downstream industries, associations, and professionals to boost creativity and competitiveness. 4. Embed Social Responsibility, Green Development, Energy Conservation, and Sustainability in the "Twelfth Five-Year Plan" At the recent international chemical fiber conference, both domestic and international experts emphasized the importance of sustainability and green practices. I was inspired by the first draft of the "12th Five-Year Plan" for the recycled polyester industry. Despite limited policy support, the sector has already reached 7 million tons of production capacity and over 4 million tons of output, becoming a model for low-carbon and recycling-based economic development. Going forward, we must carefully study industry growth and provide policy support to further develop the recycled polyester sector. 5. Effectively Promote Industrial Structure Adjustment and Drive Upgrades and Transformations Before taking office, leaders of the Textile Association shared their expectations for innovation and product development in the chemical fiber industry. There are three key areas where innovation can be focused: First, organize innovation alliances within the industry and seek support from the Ministry of Science and Technology to establish new models of collaboration among research, education, and production. Second, make full use of existing chemical fiber clusters, work with local governments, and promote internal innovation within the cluster. Third, leverage the comprehensive industrial chain advantages of the Textile Association to strengthen cooperation with downstream associations, promoting innovation in standards, testing, OEM, and brand building. 6. Implement a Globalization Strategy to Facilitate Industrial Transfer I emphasize going global rather than transferring production to central and western regions. The nature of chemical fiber production and its labor requirements makes it less suitable for relocation. The globalization strategy includes two aspects: exporting products and investing abroad. While we've had success in product exports, the next phase will focus on capital investment. Our goal is to access resources like crude oil, basic chemicals, and wood pulp in emerging markets. For example, some local companies in Wujiang have already invested in Vietnam, and a viscose company recently acquired a pulp mill in Canada. More such cases are expected in the future. 7. Accelerate the Formulation of Product Standards and Promote International Alignment Recent events such as geological disasters and fires have raised awareness about safety and quality. This has created an opportunity for the development of industrial chemical fiber products. We must speed up the creation and improvement of product standards, establish market access systems, and enforce mandatory usage standards. This effort requires the cooperation of enterprises and long-term research due to its complexity and scale. 8. Strengthen Investment Guidance and Improve Early Warning Mechanisms Social capital is always seeking opportunities. Recently, someone approached me with funds and asked which project to invest in. While the chemical fiber industry has shown good returns, we do not encourage too many new entrants. Instead, we advocate for development based on existing enterprises. Although the industry has performed well, we must remain vigilant and improve early warning mechanisms to avoid redundant investments and unnecessary expansion. In summary, my six main points can be summarized as: "Improve service levels, implement the five-year plan, accelerate upgrades, promote export and transfer, strengthen quality standards, and guide investment direction." I believe that with the efforts of our association and the support of member companies, our work will continue to improve. China’s chemical fiber industry is on the path to a brighter future. Thank you all!

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