HUANG HSIANG Business Summary

Huang Hsiang Construction Co., Ltd. operates as a premier real estate developer in Taiwan, primarily generating revenue through the development, construction, and sale of high-end residential and commercial properties. The company’s business model is structured around three core segments: Residential Development, which focuses on luxury high-rise projects in the Greater Taipei area; Commercial Real Estate, encompassing office towers and retail spaces; and Hospitality Operations, featuring high-profile assets such as the Hotel Resonance Taipei (Tapestry Collection by Hilton) and the Renaissance Taipei Shihlin Hotel. By maintaining a vertically integrated approach from land acquisition to post-sale management, Huang Hsiang captures margins across the entire project lifecycle. Within the Taiwanese market, the company competes directly with major developers including Cathay Real Estate Development, Huaku Development, and Farglory Land. Huang Hsiang maintains a distinct competitive advantage by targeting prime urban land parcels and prioritizing architectural prestige, positioning itself as a premium niche player compared to the high-volume, mass-market strategies of competitors like Highwealth Construction. Founded by Chairman Liao Nien-chi, the company remains under the strategic guidance of the Liao family, who have steered the firm from a local builder into a diversified real estate powerhouse. Liao Nien-chi, a veteran with decades of experience in the Taiwanese construction sector, serves as the primary visionary, while his spouse, Liao Lin-shu, plays a critical role in financial oversight and internal administration as a key executive. The leadership team has successfully transitioned into a multi-generational structure, with General Manager Liao Hsien-wei spearheading the firm’s recent pivot toward recurring income streams through commercial leasing and international hotel partnerships. The Board of Directors is comprised of a mix of family stakeholders and independent experts in law and urban planning, ensuring a balance between traditional development expertise and modern corporate governance. While the Liao family maintains a controlling interest through various investment vehicles, the company is a staple in the portfolios of domestic institutional investors seeking stable dividends and exposure to Taiwan’s premium property appreciation.