LI MING Business Summary

Li Ming Development Construction Co., Ltd. (6212.TWO) is a Taiwan-based real estate developer primarily engaged in the acquisition, development, leasing, and sale of residential and commercial properties. The company generates the majority of its revenue through property sales and long-term leasing contracts, supplemented by secondary business segments in building materials wholesaling and interior decoration services. Following a strategic pivot and rebranding from its origins as M.E.T. Technology, the firm now focuses on high-value urban renewal projects and boutique developments in prime districts such as Taipei’s Beitou Shilin Technology Park (Beishike) and Tianmu. In the competitive landscape, Li Ming operates as a specialized mid-cap developer, contending with larger industry stalwarts like Lealea Construction (5512), Chong Hong Construction (2527), and Huaku Development (2548) by leveraging its expertise in land integration and premium urban positioning. The company is currently led by Chairman and General Manager Kuo Shu-chen, a prominent figure in the Taiwan real estate sector known as the "Land Hunting Queen." Kuo brings over two decades of leadership experience from her former role as Chairwoman of Lealea Construction and holds an MBA and MPH from Yale University. The leadership team is bolstered by a strategic partnership with Hsu Ming-che, the Chairman of Wood Feng Technology (8076), who co-founded the current iteration of the business with a significant minority stake. The board of directors includes long-standing industry veterans such as Sen-Hsie Tseng, representing major institutional interests like Zhi Dao Investment, ensuring a blend of aggressive growth strategy and established corporate governance.