TWC Business Summary

Taiwan Wax Co., Ltd. (TWC) operates a diversified industrial business model primarily centered on the manufacture and global distribution of refined paraffin and microcrystalline waxes. The company generates revenue through transaction-based sales of specialty chemical products, including soft and hard waxes, Vaseline materials, and formulated waxes used in candles, electronics insulation, and rubber additives. Beyond its core chemical operations, TWC has expanded into secondary business segments involving the trading of aquatic products and optoelectronic equipment. As the sole domestic manufacturer of refined wax in Taiwan with an annual capacity of approximately 17,500 metric tons, TWC maintains a unique niche position. It competes with larger chemical entities such as Grand Pacific Petrochemical Corp, China Man-Made Fiber Corp, and Sunko Ink Co., Ltd., distinguishing itself through its specialized production of high-melting-point refined waxes for the domestic market. Founded in 1987 and headquartered in Chiayi, the company is currently led by Lin Je-Yin, who serves in the dual capacity of Chairman and General Manager (CEO) as of March 2026. The leadership team was further solidified in March 2026 with the promotion of Tseng Po-Yao to Financial Vice President, a role in which he concurrently oversees financial supervision, accounting, and corporate governance. The company's strategic oversight is supported by a recently refreshed board and functional committees, including the appointment of Li Jia-Lun, a prominent legal expert and Managing Partner at Shanshui Dexin Law Firm, to the Compensation Committee. While the internal audit function is currently in transition following the resignation of Lien Fang-yi in late March 2026, the executive team remains focused on capital management and operational efficiency following the board's recent decision to prioritize internal funding over private placement issuances.