GLORIA MATERIAL TECHNOLOGY Business Summary

Gloria Material Technology Corp (GMTC) operates as Taiwan’s premier integrated specialty alloy manufacturer, generating revenue through the production and global distribution of high-performance steel bars and precision components. The company utilizes a vertically integrated business model encompassing melting, secondary remelting (ESR and VAR), forging, rolling, and finishing processes to supply over 500 steel grades. Its primary business segments are categorized by material type—including superalloys, titanium alloys, stainless steel, and tool steel—and serve high-stakes end markets such as aerospace, energy, oil and gas, and biomedical engineering. Within the global specialty steel landscape, GMTC competes directly with international giants like Carpenter Technology, Voestalpine, and Daido Steel, as well as regional peers like China Steel Corporation, positioning itself as a critical niche supplier for democratic defense supply chains and advanced industrial applications. Originally incorporated in 1993, the company’s modern trajectory was defined by the leadership of Dr. Robert Chen (Chen Chi-chao), a materials science expert and former academic who transformed the firm into a global specialty alloy leader. As of February 2026, the executive leadership team is headed by Chairman Jiongfen Wang, who also serves as Chairman of the parent entity, Taiwan Steel Group (TSG). Operational management is led by General Manager Yung-Chang Kang and Executive Vice President Yu-Chen Lee, supported by a board that includes notable industry veterans such as Wenyuan Lin and former China Steel executive Yi-Lang Lin. Since 2018, GMTC has been a core member of the Taiwan Steel Group, the largest electric arc furnace (EAF) steel conglomerate in Taiwan, which remains its most significant institutional investor and strategic partner.