SPC Business Summary

Success Prime Corp (SPC), trading as 2496.TW, operates a dual-engine business model primarily centered on K-12 private education and legacy fiber optic manufacturing. The company generates the majority of its revenue through its "Chen Li Education" brand, which utilizes a mix of direct-operated tutoring centers, franchise fees, and digital learning subscriptions to provide comprehensive academic support for elementary through high school students. Its secondary segment, operating under the "BendSafe" brand, produces specialized optical fibers and components for telecommunications and FTTH (Fiber to the Home) applications. Within the Taiwanese market, SPC competes directly with education providers such as Ace Edulink (6764.TW), Study King (6780.TW), and Sanbeide (6486.TW). As of 2026, SPC maintains a dominant position in the high-end mathematics tutoring niche while aggressively expanding its digital footprint and overseas Chinese language certification programs in Southeast Asia. The leadership team is anchored by Chairman and CEO Shu-ling Tseng, a seasoned executive with over 40 years of experience in the education sector and an EMBA from National Taiwan University. Tseng, alongside her husband and company founder Chen Ming-jun (widely known by his teaching pseudonym, Chen Li), transformed the firm from a pure-play fiber optics manufacturer into Taiwan’s largest listed education group through a series of strategic acquisitions and corporate restructurings. The executive team includes CFO and spokesperson Luo Xiang-yi, who oversees the group's financial strategy and investor relations. Notable institutional support is provided by major shareholders such as Fu Hou Capital Management and institutional funds held via Far Eastern International Bank, reflecting a board composed of veteran educators and professional capital managers focused on scaling the company's hybrid physical-digital education platform.