TIENLI OFFSHORE Business Summary

Tienli Offshore Wind Technology (6793.TWO) is a specialized manufacturer of high-specification offshore wind turbine blades, nacelle covers, and molds, primarily serving the Asia-Pacific renewable energy sector. The company generates revenue through the direct sale of large-scale composite blades and the provision of specialized maintenance, repair, and performance optimization services. As the sole offshore wind blade manufacturer in Taiwan, Tienli operates a 21-hectare production facility at Taichung Port, strategically positioned to meet the Taiwanese government’s stringent localization requirements for offshore wind projects. Its primary business segments include blade manufacturing, mold research and development, and lifecycle maintenance services. Within the global competitive landscape, Tienli competes with independent blade manufacturers and vertically integrated OEMs such as TPI Composites, LM Wind Power (a GE Renewable Energy subsidiary), Sinoma Science & Technology, and Aeolon. Relative to these giants, Tienli occupies a critical niche as a localized supply chain partner for global turbine leaders like Vestas, leveraging regional logistics advantages and regulatory compliance to dominate the domestic market. Leadership is spearheaded by Chairman K.D. Wu (Wu Kun-Mou) and President Chengzhu Zhang, who has served as the company's executive head since January 2023. The company was established in 2009 with a technical pedigree rooted in its founding association with Red Blades Windtek Holdings Ltd., a prominent professional manufacturer of megawatt-class wind turbine blades. Tienli’s strategic direction is supported by a robust board that includes independent directors such as Wu Kun-Ming and Song Jian-Shi, ensuring high standards of corporate governance. Notable institutional backing includes Edimax Technology Co., Ltd., which holds a significant equity stake of approximately 33.5%, alongside other major investors such as Rich Development Co., Ltd. and Taineng Investment Co., Ltd. This leadership team has successfully transitioned the company from a domestic startup to a pivotal regional player, securing long-term sub-supplier contracts with global OEMs to support multi-gigawatt offshore wind farms across the Taiwan Strait.