ADVANCETEK Business Summary

ADVANCETEK (Ming Hsun Development Co., Ltd.) operates as a prominent real estate developer in Taiwan, generating the majority of its revenue through the development, construction, and sale of residential and commercial properties. The company’s business model is vertically integrated through its 100% ownership of Chia Yuan Construction, allowing it to manage the full lifecycle of projects from land acquisition to final delivery. Primary business segments include large-scale residential complexes, luxury villas, commercial retail spaces, and industrial office buildings, with a strategic geographic focus on transit-oriented development zones in New Taipei City, Taoyuan, and Taichung. Within the Taiwanese property market, ADVANCETEK competes directly with major developers such as Highwealth Construction (2542.TW), Kindom Development (2520.TW), and Farglory Land (5522.TW), positioning itself as a high-volume developer that leverages the massive procurement and land-banking resources of its parent conglomerate to maintain competitive pricing. The company is led by Chairperson Wu Shih-Hsun (吳泓瑩), who was re-elected to the role in June 2025 and is the daughter of Wu Pao-Tien, the founder of the Lih Pao Group. Under her leadership, the company has executed landmark projects such as the "Ming Hsun Sea Joy" (名軒海樂地) in Tamsui, significantly expanding the firm's assets and market capitalization. The executive team is rounded out by General Manager Wu Sheng-Li (吳勝利), a construction management expert with a Master’s degree from National Central University, who oversees technical operations and project execution. As a core subsidiary of the Lih Pao Group—one of Taiwan’s largest construction, hospitality, and leisure conglomerates—ADVANCETEK benefits from stable institutional backing and a board of directors deeply rooted in the Lih Pao ecosystem, ensuring long-term capital stability and strategic alignment with national infrastructure trends.