SUN-SEA Business Summary

Sun-Sea Construction Co., Ltd. (5516.TWO) is a prominent Taiwanese general contractor that generates revenue through project-based construction and civil engineering contracts for both public and private sectors. The company’s primary business segments include Public Infrastructure, focusing on high-complexity projects such as bridges, tunnels, and hydraulic engineering for government entities like the New Taipei City and Hsinchu County governments, and Building Construction, which encompasses residential, commercial, and industrial developments. Sun-Sea utilizes a competitive bidding model for public tenders while maintaining a premium positioning in the private market through its "plus-value" quality philosophy. Within the Taiwanese construction landscape, the company competes directly with major players such as Continental Holdings (3703.TW), Kindom Development (2520.TW), and New Asia Construction & Development (2516.TW). Sun-Sea distinguishes itself as a reliable mid-tier specialist with a long-standing track record in technical execution and urban renewal initiatives rather than high-risk land banking. The company is led by a stable, second-generation management team centered on the founding Chiu family. Chairman and General Manager Chiu Hung-Chang, who holds an advanced degree from the Stevens Institute of Technology, has steered the firm for over three decades, overseeing its 1999 listing on the TPEx and its transition toward standardized, "McDonaldized" project management workflows. The leadership team also includes founder and Director Chiu Nan-Chih and Vice General Manager Chiu Cheng-Chang, ensuring continuity of the firm’s conservative financial and operational strategies. Sun-Sea is primarily controlled by the family-held Shuang-Ching Investment Co., Ltd., which remains the largest shareholder. The board is further supported by independent directors with expertise in engineering and law, maintaining a governance structure that balances family-led stability with the transparency requirements of a publicly traded entity.