LI CHENG Business Summary

Li Cheng Enterprise Co., Ltd. (4426.TW) operates a vertically integrated manufacturing model specializing in the production of high-performance 3D spacer fabrics and knitted mesh. The company generates revenue through the sale of specialized textiles primarily to global athletic footwear brands, automotive manufacturers, and medical equipment providers, with its core business segment encompassing the entire production chain from warp knitting to dyeing and finishing. Geographically, the firm maintains a strong manufacturing presence in Taiwan and Vietnam, serving a diverse international market that includes major hubs in Mainland China and the Americas. Li Cheng competes directly with domestic textile firms such as Wisher Industrial and Chang Ho Fibre, as well as international specialists like Müller Textil and Apex Mills, positioning itself as a high-tier technical supplier known for its proprietary 3D mesh technology and large-scale production capacity. The leadership team is headed by Chairman and CEO Wen-Yao Hong, who has led the company since 1997 and holds an advanced degree in Electrical and Computer Engineering from Bradley University. Founded in 1992 and formerly known as Li-Guan Enterprise, the company has cultivated a board of directors with significant industry pedigree, including Suzanne Anderson and LaShurya Marie Wise, both of whom held senior leadership roles at Nike, Inc. This strategic alignment with major downstream clients is further supported by a board featuring technical and legal experts such as Dr. Lung Ming Fu and Dr. Yuan-Kuang Guu. The company’s ownership structure is anchored by major institutional investors and the founding family, ensuring long-term stability as it expands its footprint in the technical textiles sector.