Special Report on the 2018 Joint Conference of of Affiliated Enterprises of FEG

        Far Eastern Group affiliated enterpriseFar Eastern Group Annual Strategy Meeting was held from December 6 to December 12 in two stages at Far Eastern Plaza Hotel, Tainan. This year's venue design is refreshing. In addition to the excellent presentation and image effect of the super-large screen, the position of the Presidium and the lecture stand has also been moved to the audience to show that they are indiscriminate. The determination to fight side by side.

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        The theme of this Far Eastern Group Annual Strategy Meeting is "Transform in Dynamic Era to Embrace New Economy". The opening ceremony specially planned multimedia with dynamic art performances to show the perfect combination of human and technology, thus inspiring business executives to make good use of new technology and innovative thinking and accelerate enterprises in the new economic era. Transformation. Following this conference, the theme of "Intelligent transformation to create the future" led you to look ahead to the global, China and Taiwan economic situation. Under the interference of the global trade disputes, the slowdown of the growth rate of the world's major economies, together with the uncertain prospect of Britain's exit from Europe, the rise of consumption tax in Japan and the rise of China's financial risk, will bring many variables to economic growth in 2019. In spite of the brilliant report cards of the past year's revenue and profits, the group still needs to maintain a sound business strategy and actively embrace new technology in the face of external environmental uncertainties, so as to continue to create new value for the group.

        First tier Bureau (top-down, left-to-right): Far Eastern Group Douglas Hsu, Far Eastern New Century Corporation Johnny Shih Deputy Chairman, Asia Cement Corporation (China) holding Tsai-Hsiung Chang, Far Eastern Group Public Welfare System Shaw Y. Wang, Asia Cement Corporation K. Y. Lee President, Oriental Petrochemical (Taiwan) Vice Chairman Zhu Shuxun, President Yuan Ze University Jyh-Yang Wu, Medical Foundation.
        
         In response to the theme of "transformation" of the Far Eastern Group Annual Strategy Meeting, this special invitation invites core business management teams to share the company's major smart transformation projects. Far Eastern New Century Corporation Johnny Shih's Deputy Chairman first warned of the high economic risks in the coming year under the theme of "Great Power Game - the Year of Risk 2019". There are many challenges in European politics, including the advent of the post-Merkel era in Germany, the fading political aura of French President Mark Hong, the political turmoil in Italy, and the critical moment for Britain to leave Europe. President trump adopted unilateralism with "American priority" and the Sino US trade war will escalate to "technological war". In addition, the issue of fiscal deficits and the issue of raising interest rates by the FED have added to the uncertainty of the global economy. On the Chinese side, external challenges have intensified, and the debt problem has been acute recently. Stability will be the main axis of governance. After the general election in 2018, Taiwan's energy issue deserves attention. Therefore, "Prepare for war" is an important issue in 2019, and we must be cautious in dealing with it. As for the transformation tasks of the major undertakings of Far Eastern New Century Corporation, the wisdom achievements of the factory were shared by Oriental Petrochemical (Taiwan) Chang President, Far Eastern New Century Corporation General Plant Manager (Senior Executive Vice President) and Textile Business Vice President Li Yuanzhen.
        
         Under the leadership of K. Y. Lee Presidentidents, the Asian Cement Corporation is exemplified by Senior Executive Vice President, Assistant Factory Manager of Yang Mingqin and Engineer Wu Shuangming from three aspects of production, maintenance and delivery, respectively, to illustrate the value of wisdom transformation to Asian Cement Corporation. Innovation. Far EasTone Telecommunication will take 5G as its core, actively invest in the development of BASIC's five new technology applications, and set up new energy management companies and cloud companies to lay out new growth momentum. Zeng Shiyuan, Yin Deyang and Zheng Zhiheng, three executive vice-presidents, also briefly introduced Far EasTone Telecommunication's application of artificial intelligence in science and technology and its intelligent manufacturing projects in cooperation with the Group, including Far EasTone Telecommunication intelligent speaker, intelligent customer service robot, and Far Eastern Group's new intelligent cloth testing system, Asia Cem. Intelligent projects such as intelligent grinding ball screening and intelligent inspection system of Yuan Long Stainless Steel Corporation production line are all intelligent achievements. Far Eastern Memorial Hospital Fang-Yue Lin pointed out that Far Eastern Memorial Hospital was actively transformed into a smart hospital in order to adapt to the external environment. Both business and service innovation and AI smart medicine had started, followed by Dr. Zhang Shuwen and Dr. Guo Guanhong to explain the implementation process. President Yuan Ze University Jyh-Yang Wu also stated in his report on the Intelligence Transition Project that Yuan Ze University would take root in digital education, cross-domain learning, employment, teaching innovation and other aspects to build smart campuses and provide a field for simulation experiments of digital cross-regional new economy.
                 Second tier Bureau (top-down, left-to-right): Far Eastern Group Douglas Hsu, Far Eastern New Century Corporation Peter Hsu Deputy Chairman, Far Eastern Department Store Nancy Hsu President, U-Ming Marine Transport Choo-Kiat OngPresident, Far Eastern Memorial Hospital Fang-Yue Lin President, Far Eastern Tone Telecommunication President Li Bin, Pacific P. Acacific SOGO Department Store Department Store Huang Qingwen Chairman, Oriental Union Chemical Corporation Justin H.C. Tsai President, Far Eastern International Bank Thomas Chou President.
        
         Far Eastern Department Store is headed by Nancy HsuPresidentidentident, Chen Youren, Lan Zhuocheng, Liu Yiting, and other three Senior Vice Presidents, who belong to commodities, operations and management departments. In addition to providing more convenient consumer and personal services with full-intelligence APP, Far Eastern Department Store also works with Huabot to provide 8 million visitors to Taichung City. Join stores to transform tourists into customers of Far Eastern Department Store, while introducing intelligent management to improve organizational efficiency. Asia Cement Corporation (China) takes "smart manufacturing" as a new driving force for the growth of cement industry. Wu Zhongli, Executive Director, proposes four innovations: enterprise decision-making mode, operation management, production and manufacturing, and data service. Zhang Zhenkun, Director of Technology and R&D, adds that Asia Cement Corporation (China) is gradually building a cloud of wisdom, which will cover the following aspects in the future: Production, Intelligent Quality Control, Data Analysis, Intelligent Inspection, Intelligent Monitoring, Intelligent Delivery, Intelligent Safety, Intelligent Mine, Intelligent Delivery and other projects, continue to optimize the factory.
        
         Regarding the strategic plan for the digital transformation of U-Ming Marine Transport, Choo-Kiat Ong Presidentident said that the shipping industry is transforming from a conservative industry into a smart industry. As early as 2008, U-Ming Marine Transport took the first step in the transformation, including the younger fleet and the construction of energy-saving and environmentally friendly ships. Deputy Director Liu Shiqi also pointed out three key points of the Intelligent Fleet Plan, namely, increasing efficiency, reducing cost and saving energy, and using technology to make ship management more intelligent. In addition, Xu Guoan's Executive Vice-President also proposed plans for the next phase of digital transformation of U-Ming Marine Transport. In the future, shipping, business and management will be phased out and updated, and industrial 4.0 and AI will continue to enhance competitiveness. At the same time, more efficient teams will be formed through office space renovation and process adjustment. In line with the new wave of digital technology, Justin H.C. Tsai Presidentidents will lead Oriental Union Chemical Corporation to transform from "manufacturing" to "smart" manufacturing. Through the transformation of production logistics wisdom, the industrial value chain will be upgraded. In addition, in product transformation, Oriental Union Chemical Corporation expects to achieve 50% of the profits of specialization and high-quality gas products by 2020. Second, it will provide the downstream industry Total Solution in order to increase the added value of chemical products. Vice President Zhang Yingshi also introduced the application of Intelligent Gas Supply Internet of Things (IoT) by taking Gas Business Department as an example.
                 In order to accelerate the transformation of enterprises and achieve the goal of Sustainability Development, Director of Innovation Strategies of Far Eastern Group Xu Guoan also put forward new ideas for the survival of enterprises. Xu's innovation strategy, taking the failure of GE as an example, reminds enterprises to be vigilant at all times. Especially in the era of science and technology outbreak, the enemy comes from all sides. No matter big enterprises, start-ups or small unknown companies, they may become competitors. Only organizations with flexibility, speed and adaptability can win. Therefore, companies are expected to operate, market, talent... All aspects can completely change the thinking, flexible response. Consultant He Yongsheng, a senior in Innovation Office, explores the shaping of brand image through enterprise identification design. Because the group spans ten industries and has a large number of trademarks, He Senior Consultant suggested that different industries should be separated and that the groups, parent companies and subsidiaries should not share trademarks in order to distinguish the levels clearly. In addition, logo design should be meaningful in order to communicate enterprise value with consumers, and should rethink the company's positioning, find out the core value and vision of the brand, otherwise no good trademark can play its role.
        
         Facing the ever-changing business environment, we need a wide range of perspectives. This year, the conference presented two books to the directors of the conference, "Navigation to the Blue Sea" and "Renewing the Future", hoping that you can better understand the competitive situation of the industry and learn from the transformation experience of successful enterprises. In addition, the "Big Alliance of Industry and University" module was added to the agenda. The results of Collaboration between industry and school were introduced by Yuan Ze University and Oriental Institute of Technology, a group think tank, in the hope of deepening cooperation and exchanges between industry and school and bringing into full play the group's synergies in the future.
        
        
         In order to meet the digital era, the conference has also jointly organized "Key to AI" forums with "World Magazine" and "Manager Magazine" on two different agendas. In the first step, Zhao Junzhong, the director of AI artificial intelligence at Microsoft, stressed that all technology is people-oriented and the ultimate goal is to help people solve problems. Therefore, we should consider which AI applications can bring better services. He also reminds you that the development of AI is by no means a one-step process. Only by taking steps can AI really land. Vice President Nvidia Qiu Limeng also observed that in addition to the active development of AI in advanced countries in Europe and the United States, Taiwan has begun to catch up. For example, Foxconn's production line testing, hospital cancer screening, city government pier testing, and driverless buses in closed fields have all come true. Enterprises should face up to this AI wave. Chen Shengwei, executive director of Taiwan Artificial Intelligence School, said that machine learning relies on a lot of data, powerful Cloud Computing and engineering talents. At present, Taiwan is facing four predicaments: lack of practical talents, inadequate information infrastructure, difficult to find the right problems and the gap between production and learning. Among them, talent is the most basic and urgent problem. Engineers and managers should strengthen AI literacy. With knowledge.
                 (left) Speakers at the first "Key to AI" forum: Executive Director Chen Shengwei of Taiwan Artificial Intelligence School (left 1), Vice President Nvidia Qiu Limeng (left 2), Director-General Zhao Junzhong of Microsoft AI Artificial Intelligence (right 2), Editor-in-chief Wu Wanyu of World Magazine (right 1).
         (Right photo) Speakers at the second "Key to AI" forum: Nvidia AI Lab Xu Hongmin (left one), Zicheng Innovation and Integration Chairman Liu Jingqing (left two), Dev Mookerjee (right two), Director of Asia-Pacific Technology of IBM Watson (right two), and Wang Zhiren (right one).
        
         Dev Mookerjee, Asia-Pacific Technology Director of IBM Watson, a second-tier forum guest, pointed out that AI's task is to answer questions only, but only if people have to ask the right questions. Therefore, human work will be replaced by AI, rather than in another form, so as to achieve the realm of human-computer cooperation. In addition, transparency and trust will be very important conditions for the development of AI. Zicheng Innovation and Integration Liu Jingqing Chairman's analysis shows that AI investment reached its peak in 2017 and only reached the investment amount in the first quarter of the previous year in the whole year of 2018. It can be seen that the industry's R&D and investment in AI have gradually become pragmatic, among which retail industry is the industry recognized as the most mature and can achieve AI in the short term. The head of Nvidia AI Lab Xu Hongmin, who is also a faculty member of National Taiwan University, believes that building an AI enterprise does not require everyone to be a top engineer and can be carried out with other engineer teams, but the leadership should give full support and provide strategies, products or service decisions in order to effectively use AI to solve problems. From this, we can see that the core specialty of each industry has a great influence on the overall AI design. We must have a deep understanding of the industry's knowledge and pain points in order to give full play to the effect of AI. It is worth mentioning that in order to expand the level of participation, the General Assembly first provided more Far Eastern Group online participation forums in the second tier by way of live broadcasting. It is hoped that the seeds of AI will be deeply rooted in the thinking of every Far Eastern Group.
        
                 Left) Speakers (left to right) on the theme course "Digital Blueprint Analysis": Wei Yu, President Liu Taide, Director Zhang Congyao of Weichuang Capital, and Hong Ruilong Consultant, an expert in AI research and industrial affairs promotion of the League of Nations.
        
         In order to explore the blueprint of digital transformation of Far Eastern Group, the conference also planned a "Digital Blueprint Analysis" theme course, which was provided by Director Zhang Congyao, the main promoter of WEI Capital Global Manufacturing Industry 4.0, Hong Ruilong Consultant, an expert in AI research and industrial affairs of the League of Nations, and Liu Taide President. Director Zhang said that "strategy, culture, organization and talent" are the four elements of success for enterprises to promote digital transformation, while "big dreams", "light start", "fast implementation" and "expanding the results" are the four ways to smooth transformation. Hong Consultant reminded that Big Data analysis is not omnipotent. The import process should be "first seek, then seek" to make good use of all available data and establish an internal Big Data team, in which "smart data" will give full play to the effectiveness of precision marketing. Liu President also suggested that "the density of digital tools" and "the degree of digital capabilities" are the basic capabilities that enterprises should first strengthen in digital transformation, and the career vision of enterprise digital transformation should be clearly defined. The second level of directors gathered consensus on the direction and strategy of digital transformation in the form of group discussions, hoping to bring valuable experience back to the company and implement the goal of digital transformation.
        
         In addition to the rich courses, the conference also carefully planned a series of entertaining and artistic programs. On the first night, many well-known local snacks were invited from Tainan to greet the congregation with "Fucheng Food Banquet". The next day, the dance hall will be built into a retro DISCO dance hall. The dance competition will be held to test people's dance skills, creativity and teamwork. On the last night, we will take you to the Grand Royal Opera House in Kaohsiung to enjoy the famous operas and musicals and "Far Eastern Group Night", hoping to increase the cultural connotation of managers.
        
         Far Eastern Group is approaching its 70th anniversary. How to successfully transform and train the next generation of leaders is related to whether the group can move towards the next 70 years. I believe that through this meeting, you will have a clearer understanding of the future goals. After the end of the agenda, it will be the beginning of the transformation and reengineering of individuals and enterprises.