HUAKU DEVELOPMENT Business Summary

HUAKU DEVELOPMENT LTD (2548.TW) operates a high-margin real estate development model focused on the acquisition, subcontracted construction, and sale or leasing of premium residential, commercial, and industrial properties. Revenue is primarily driven by the sale of luxury residential high-rises and the development of high-tech factory offices and commercial hubs in Taiwan’s major urban centers, including Taipei and Taichung. The company operates through two core segments: Real Estate Development, which manages the lifecycle of residential and commercial projects, and Construction Services, largely executed through its wholly-owned subsidiary, Pinhsing Construction. Within the competitive landscape, Huaku maintains a top-tier market position alongside major peers such as Highwealth Construction Corp (2542.TW), Chong Hong Construction Co., Ltd. (5534.TW), and Farglory Land Development Co., Ltd. (5522.TW), distinguishing itself through a professional management system that separates ownership from operations and a strategic focus on high-value land reserves in burgeoning technology parks. The company was founded in 1989 by Chairman and CEO Rong Chang Zhong (Chung Long-Chang), a construction magnate who transitioned from a modest five-employee startup to a leading developer with a multi-billion dollar market capitalization. The current leadership team includes General Manager Hung Chia-Sheng, who oversees operational execution, and CFO Jo-Mei Liu, who manages financial strategy and investor relations. The executive bench is characterized by deep technical pedigree, with key heads such as Ping-Hsing Ho (Engineering) and Cheng-Li Lin (Sales & Marketing) leading specialized departments. Huaku’s governance is supported by a diverse board featuring representatives from major shareholders like Chung Shan Investment and independent directors such as Ding Yu-Jia, President of IBF Financial Holdings. Notable institutional backing includes global asset managers such as BlackRock and Vanguard, alongside significant domestic positions held by Taiwan Life Insurance.