HOTAI FINANCE Business Summary

Hotai Finance Ltd (6592.TW) operates a high-volume financial services model, generating revenue primarily through interest spreads on installment credit, leasing yields, and transaction-based service fees. The company’s business is structured into three core segments: vehicle financing, which provides installment loans for new and used automobiles and motorcycles; equipment leasing, serving the medical, manufacturing, and construction industries; and corporate trade finance, including raw material and accounts receivable financing. As a key subsidiary of Hotai Motor, the company leverages its captive relationship with the Toyota and Lexus distribution networks to maintain a leading position in Taiwan’s consumer finance market. It competes directly with Yulon Finance (Taiwan Acceptance Corp), IBF Financial Holdings, and Yuanta Futures, positioning itself as a premium, ecosystem-backed lender with significant operations across Taiwan and mainland China. Founded in 1999 as a strategic arm of the Hotai Group, the company is currently led by Chairman Jiann-Jou Chen and President Yen-Liang (Tony) Lin, the latter of whom has directed operations as CEO since 2016. The leadership team possesses a deep pedigree in automotive marketing and credit risk management, with Lin’s tenure marked by the company’s 2019 public listing and subsequent expansion into diverse leasing categories. Hotai Finance is backed by a powerful institutional investor base, dominated by Hotai Motor Co., Ltd. (45.4%) and Toyota Financial Services Corporation (22.96%). The board of directors includes seasoned industry veterans such as Chwen-Shing Su and representatives from Toyota, ensuring that executive strategy remains tightly integrated with global automotive financing benchmarks and robust corporate governance standards.