LIEN CHANG Business Summary

Lien Chang Electronic Enterprise Co., Ltd. (2431.TW) operates as a specialized original design manufacturer (ODM) and original equipment manufacturer (OEM) primarily focused on power supply units (PSUs), charging devices, and brushless DC (BLDC) motor drive controllers. Founded in 1968, the company generates revenue through the mass production and distribution of high-efficiency power solutions across four primary segments: consumer electronics, industrial equipment, automotive components, and household appliances. Its product portfolio includes switching power supplies, transformers, and inverters utilized in telecommunications, medical devices, and aerospace applications. Within the competitive landscape, Lien Chang maintains a strategic position as a key power electronics arm of the TECO Group, competing directly with regional peers such as Enlight Corp., Welltend Technology Corp., and Bestec Power Electronics Co., Ltd. by leveraging its long-standing expertise in flyback components and green energy-saving technologies. The company is currently led by Chairman Chen Heng-Wei (陳恆偉), who was elected to the role in March 2026 following a leadership transition, and General Manager (CEO) Chun Lian Lin (林春連), who oversees the firm's operational strategy and technical development. Chen Heng-Wei brings significant industrial pedigree to the board, having previously served as a director representing the interests of TECO Electric & Machinery Co., Ltd., which remains the company's most notable institutional investor with a controlling stake of approximately 33.8%. The leadership team is supported by a board that includes independent directors Tsao An-Pang and Huang Tung-Jung, ensuring corporate governance as the firm pivots toward semiconductor equipment components and advanced vehicle-to-everything (V2X) power modules. Despite the recent resignation of COO Sun Mao-Lun in March 2026, the executive core remains anchored by its deep integration with the TECO Group's global manufacturing and supply chain network.