ETERNAL MATERIALS Business Summary

Eternal Materials Ltd (1717.TW) operates a high-volume manufacturing business model centered on the production and global distribution of specialty chemical solutions. The company generates revenue through three primary business segments: Resins Materials, which provides coating, polyester, and polyurethane resins for industrial applications; Electronic Materials, where it maintains a global leadership position in dry film photoresists and vacuum laminators for the semiconductor and PCB industries; and High-Performance Materials, focusing on UV-curable monomers and oligomers. As of early 2026, the company continues to leverage its vertically integrated production facilities across Taiwan, China, and Southeast Asia to serve the electronics, construction, and automotive sectors. Its primary direct competitors include Nan Pao Resins Chemical (4766.TW), Qualipoly Chemical (4722.TW), Kingboard Holdings (0148.HK), and Shinkong Synthetic Fibers (1409.TW), with Eternal Materials distinguishing itself as the world's largest supplier of dry film photoresists. The company was founded in 1964 by Ying Shih Kao, who continues to serve as Chairman and provides a legacy of technical expertise in polymer chemistry. The leadership team is currently led by CEO and President Kuo-Lun Kao, the founder's son, who has overseen the firm's strategic pivot toward advanced electronic materials since 2016 and assumed the additional role of President in late 2025. Supporting the executive suite are General Manager Liao Heng-Ning, appointed in January 2026 to drive operational efficiency, and CFO Bing-Cheng Liu, who manages the firm's robust balance sheet. The company maintains a strong institutional pedigree with significant strategic backing from Kymco Industrial Co., Ltd., which holds a 10% stake, alongside major global asset managers including The Vanguard Group, BlackRock, and Norges Bank.