A thermosetting composition includes 30 to 70% by mass of a compound represented by Formula (1) below and 70 to 30% by mass of a compound represented by Formula (2) below:
In Formulae (1) and (2), R1, R2, R3 and R4 may be the same or different from one another and are each selected independently with respect to each molecule of the compounds from the group consisting of —H, —CH3, —C(CH3)3 and a group represented by Formula (i) below:
In Formula (i), Y is selected from the group consisting of —O—, —CH2— and —C(CH3)2—. This thermosetting composition including such benzoxazine compounds exhibits excellent solvent solubility, heat resistance and flame retardance. Thus, the composition may be provided as a thermosetting material and a varnish thereof.