CATHAY REAL ESTATE DEVELOPMENT Business Summary

Cathay Real Estate Development Co., Ltd. (2501.TW) operates a diversified revenue model primarily driven by the investment, construction, and sale of residential and commercial properties across Taiwan’s major metropolitan areas. The company’s business is organized into two core segments: the Property and Real Estate Investment Development Department, which focuses on high-rise residential buildings, townhouses, and commercial complexes like shopping malls and office towers, and the Construction Department, which provides contracting and management services. Beyond its primary development activities, the firm generates recurring income through property leasing, hospitality management, and healthcare services. As the first construction company to be listed on the Taiwan Stock Exchange, Cathay Real Estate maintains a premium market position as an integrated property solutions provider. It competes directly with major domestic developers such as Highwealth Construction Corp., Ruentex Development Co., Ltd., and Farglory Land Development, distinguishing itself through its massive capital backing and synergy with the broader LinYuan Group ecosystem. Founded in 1964 by the Tsai family as a cornerstone of the LinYuan Group, the company is currently led by Chairman Ching-Kuei Chang, an architecture specialist from Feng Chia University who has steered the board since 2000. The executive team is headed by President and Chief Sustainability Officer Hung-Ming Lee, a legal expert from Chinese Culture University who has served as the company’s principal executive since 2015. The leadership team also includes Senior Vice Presidents Chin-Liang Lin and Chung-Yan Tsai, who oversee architectural operations and public administration respectively. The company’s board features high-profile figures from the Cathay financial dynasty, including Tzung-Han Tsai, who also serves as Vice Chairman of Cathay United Bank. Major institutional backing is provided by Cathay Life Insurance, which remains the company’s largest shareholder, ensuring deep financial integration with one of Taiwan’s most powerful conglomerates.