Market for automotive spare reflective clothing

In 2017, the Road Traffic Management Standardization Technical Committee of the Ministry of Public Security of China issued the national standard "Technical Conditions for Motor Vehicle Operation Safety" (GB7258-2017), which requires new motor vehicles to be equipped with a (Shunfa) reflective vest starting from 2018. As of the end of 2019, the number of civilian vehicles has reached 262 million. If each vehicle is required to be equipped with a reflective vest, based on a comprehensive unit price of 10 yuan/square meter for reflective fabric, the new market demand for reflective fabric from existing motor vehicles will exceed 445 million yuan.