本劇團成立於1967年，老團長林宗男先生師承黃海岱大師的五洲園派，取名為昇平五洲園，意即象徵『四海昇平，五洲揚名』。本團已傳承至第二代，團址位於台灣雲林縣西螺鎮。

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本劇團在現任團長林政興帶領之下，以傳統創新多元兼併為宗旨，推展布袋戲、落實文化與技藝傳承，並藉由創新演出及教學活動傳導民間戲曲藝術，促進布袋戲文化之提升與傳續。林政興接手昇平五洲園的團務運作，以「立足傳統，放眼創新」作為經營理念，更為傳統布袋戲藝術保存、活化與發揚創新技術、提升大眾對民俗技藝之重視而努力。

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The troupe was founded in 1967, and the old leader, LIN Zong-nan, inherited the Wu Zhou Yuan of Master HUANG Hai-dai, and named Sheng Ping Puppet Troupe, which means "the four seas rise to peace, and the five continents are famous'. The troupe has been passed down to the second generation and is located in Xiluo Town, Yunlin County, Taiwan.

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Under the leadership of the current director LIN Zheng-xing, the troupe aims to promote puppet opera, implement cultural and skill inheritance, and transmit folk opera art through innovative performances and teaching activities, so as to promote the promotion and continuation of puppet opera culture. LIN Zheng-xing took over the operation of troupe, with the business philosophy of "based on tradition and innovation", and worked hard to preserve, activate and promote innovative technologies of traditional puppet opera art, and enhance the public's attention to folk skills.