Core Viewpoint - The company has successfully launched its POE industrialization project, producing qualified POE products that meet or exceed the performance of similar products in the market [2]. Group 1: Project Launch and Production - On October 16, the company announced the successful production of its POE industrialization facility, achieving stable operations and meeting performance indicators comparable to international competitors [2]. - The project has received market recognition from clients such as Shanghai Jinfa Technology Development Co., Ltd. and Suzhou Hechang Polymer Materials Co., Ltd. [2]. Group 2: Future Expansion Plans - The company plans to start the construction of the POE high-end new materials project in March 2024, following the approval of the investment proposal at the shareholder meeting on January 11, 2023 [2]. - After the first phase of production, the company intends to initiate a second phase to increase production capacity by an additional 200,000 tons/year of POE and 300,000 tons/year of ethylene for α-olefins [2]. - Long-term plans include establishing a complete petrochemical new materials industry matrix with additional capacities for liquid-phase polyethylene, ethylene vinyl acetate, and CO2 reforming technology [2].