ECOVE ENVIRONMENT Business Summary

ECOVE Environment Corp (6803.TWO) operates as a leading environmental resource management provider, generating revenue through a diversified model of waste treatment fees, electricity sales from renewable sources, and technical service contracts. As a core subsidiary of the CTCI Group, the company’s operations are divided into four primary segments: Energy-from-Waste (EfW), which manages municipal and industrial incineration; Waste Management, focusing on hazardous and special waste disposal; Solar Photovoltaic power generation; and Technical Services, providing operation and maintenance (O&M) for railway systems and public utilities. ECOVE maintains a dominant market position in Taiwan and Macau, competing directly with major regional players such as Cleanaway Co. Ltd, Taiwan Steel Union Co., Sunny Friend Environmental Technology, and Forest Water Environmental Engineering. It distinguishes itself through its integrated "Resource Cycling Efficiency" approach, leveraging proprietary intelligent management systems to optimize energy recovery rates across its international portfolio. Originally founded in 1999 as KD Holding Corporation, the company is led by Chairman Jun Jer Liao (J.J. Liao), an industry veteran with an academic background in Civil Engineering and Finance from National Taiwan University. The executive team includes President Hsiu-Hua Tiao (H.H. Tiao), who brings extensive expertise in chemical and environmental engineering and previously served as President of ECOVE Environment Services Corp. The company is backed by its parent organization, CTCI Corporation, Taiwan’s largest engineering, procurement, and construction (EPC) firm, which remains its primary shareholder. The Board of Directors features notable figures such as Eugene Chien, a former Minister of Foreign Affairs and Environmental Protection Administration Minister, alongside independent directors including Shuh-Woei Yu and James Tsai, ensuring a high standard of corporate governance and strategic alignment with global ESG mandates.