TUNG HO STEEL ENTERPRISE Business Summary

Tung Ho Steel Enterprise Corp (2006.TW) utilizes a transaction-based revenue model centered on the manufacture and distribution of high-tensile steel products for the construction and infrastructure industries. Its business is bifurcated into the Steel Segment—producing rebars, H-beams, and plates via energy-efficient Electric Arc Furnace (EAF) technology—and the Steel Structure Segment, which handles specialized fabrication and hoisting. By prioritizing scrap-based production, the company has established a competitive moat in "green steel" and earthquake-resistant materials, positioning itself as the primary alternative to traditional integrated mills. In the domestic market, Tung Ho maintains a leading position in structural steel, competing directly with China Steel Corporation (CSC), Feng Hsin Steel, and Chun Yuan Steel, while leveraging its regional footprint in Vietnam to capture Southeast Asian demand. Originally founded by C.T. Ho in 1946, the company remains under the strategic guidance of the founding family, with the current executive team led by Chairman and CEO Henry C. T. Ho. A Harvard Economics graduate with a background at McKinsey & Company, Henry Ho has been instrumental in transitioning the firm toward automated, low-carbon manufacturing since his appointment as Chairman in 2014. He is supported by President and General Manager Huang Bing-hua, who manages the group’s multi-site operational logistics and technical execution. The board is anchored by family-controlled entities such as Mao Sheng Investment and Ho Jao Investment, complemented by the legacy of Honorary Chairman Earle J. S. Ho. The company’s stable dividend profile and ESG leadership have secured a robust institutional investor base, including major global holdings from BlackRock and Vanguard.