WE & WIN Business Summary

WE & WIN Development Co., LTD (2537.TW) is a Taiwan-based real estate firm primarily engaged in the development, leasing, and sale of residential and commercial properties. The company operates a transaction-heavy business model where over 99% of revenue is generated from the sale of completed housing units and commercial office spaces, with a marginal contribution from the leasing of retail and parking assets. Its core business segments are focused on urban renewal projects and high-density residential developments in the Greater Taipei area and other major metropolitan hubs. In the competitive landscape of the Taiwan Stock Exchange (TWSE) construction sector, WE & WIN competes directly with Highwealth Construction (2542.TW), Farglory Land (5522.TW), and Huaku Development (2548.TW). The company distinguishes itself through a boutique development philosophy, focusing on high-quality architectural design and strategic land acquisition in prime locations to maintain competitive margins against larger, volume-driven peers. The company is led by Chairman Su Yung-Yi (蘇永義), who also serves as the head of the Lian Shang Group, a major conglomerate with interests spanning construction, hospitality, and education. Su’s leadership is supported by General Manager Li Zhi-Ming (李志明), who has overseen the company’s operational execution and project management for over 17 years, providing a high degree of management stability. The board of directors is composed of seasoned industry professionals, including representatives from Lian Shang Investment and Lian Jie Construction, ensuring strong alignment with the parent group’s broader strategic goals. This leadership team is recognized for its disciplined financial management and its ability to navigate the regulatory complexities of Taiwan’s urban redevelopment market, maintaining a stable land bank and a consistent project pipeline that attracts both retail and institutional investors.