CLEANAWAY Business Summary

Cleanaway Company Limited (8422.TW) is Taiwan’s premier provider of hazardous industrial waste management, primarily generating revenue through high-margin intermediate treatment solidification and secure landfill burial services. The company’s business model leverages specialized technical barriers to process heavy metal-contaminated sludge, steel industry dust, and asbestos, with burial services historically accounting for nearly 90% of its core revenue. Operations are diversified across eight primary segments: Solidification and Excavation, Landfill, Transportation, Mainland Business, Investment, Papermaking, Power Sales, and Ready-Mixed Concrete. As the dominant player in Taiwan’s hazardous waste sector, Cleanaway competes directly with Sunny Friend Environmental Technology, ECOVE Environment Corp, and Taiwan Steel Union, distinguishing itself through its integrated "total solution" approach and extensive infrastructure for large-scale environmental remediation. Founded in 1999 by Chairman Ching-Hsiang Yang, Cleanaway is currently led by CEO and General Manager Yung-Fa Yang, who has spearheaded the firm’s transition into a circular economy leader and integrated AIoT-driven waste management via the "CHASE" digital brand. The executive team includes CFO Ping-Cheng Hung, COO Tsung-Tien Chen, and Vice President of Technology Lwon-Kuo Sung, who oversees the company’s Microsoft-partnered cloud management systems. The board is bolstered by distinguished independent directors such as Juu-En Chang and Wen-Tsai Yang, providing deep regulatory and academic expertise. Major institutional backing is provided by global entities including The Vanguard Group, BlackRock, and Norges Bank Investment Management, alongside significant domestic stakes held by Gang Lian Enterprise and the Yang family’s private investment vehicles.