Despite facing rapid shifts in the global economy—whether geopolitical shocks like the Russia-Ukraine war and U.S.-China tensions, or domestic economic pressures stemming from lingering pandemic restrictions, central bank rate hikes, stock market declines, and the depreciation of the New Taiwan dollar—the real estate market has fallen into a wait-and-see mode. Transaction volumes have plummeted, and the overall construction market is unlikely to rebound in the short term.
Amid these challenging times, we discern potential opportunities for transformation and are engaging in deeper strategic reflection and adaptation. VELPAX will continue to strengthen product innovation, focusing on intelligent, energy-efficient, and user-centric residential solutions. We firmly believe this represents the future trajectory of the market. This is not merely a challenge but an opportunity. Let us face it together with courage, demonstrating our resilience and innovative spirit. VELPAX will unite closely with unwavering confidence to lead the bathroom industry. Together, we will create a more prosperous and brighter future!