LAI YIH FOOTWEAR Business Summary

Lai Yih Footwear Ltd (6890.TW) operates as a leading original equipment manufacturer (OEM) and original design manufacturer (ODM) specializing in high-quality vulcanized and cold-pressed footwear. The company generates revenue through large-scale contract manufacturing for global athletic and lifestyle brands, with its primary business segments divided into athletic shoes (approximately 80% of production) and casual shoes (20%). As of early 2026, its top-tier client portfolio includes the Adidas Group, Converse (Nike Group), Deckers Group (HOKA), and VFC Group (Vans). Within the global footwear manufacturing landscape, Lai Yih distinguishes itself from massive-scale competitors like Yue Yuen Industrial, Feng Tay Enterprises, and Huali Industrial by maintaining a dominant market share in the specialized vulcanized shoe segment and leveraging early-mover production advantages in Vietnam and Indonesia to support high-growth performance brands. The company was co-founded in 1987 by Chairman Chung Te-Li and a group of five partners, including current President and CEO Lin Chang-Yung, both of whom possess over 37 years of industry experience. Chairman Chung, an industrial engineering graduate from Chung Yuan Christian University, is credited with the group's strategic pivot into Southeast Asia in 1990, while CEO Lin Chang-Yung oversees global operations and the group's extensive R&D infrastructure, which includes a dedicated 800-member development team for Adidas. The leadership team is further bolstered by CIO Hsu Sung-Chu, a mechanical engineering specialist who manages the company's advanced automation and information systems. Major institutional backing is provided through Wide Source Co., Ltd. and Faith Connect Co., Ltd., which remain the company's anchor shareholders as it continues its expansion into the Indonesian manufacturing corridor.