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05.2020 Group Briefing

FET President Chee Ching announced 2020 strategic layout of seeking victory in the stable environment with three arrows.

Far EasTone telecommunication / he Siwei

        Far EasTone Telecommunication has shown a strong ambition in the 5G spectrum bidding process, which has attracted the attention of the public. FET President Chee Ching also invited the media on March 17 to announce the strategic objectives. This year, Far EasTone Telecommunication will focus on the strategy of "new economy", "5G application" and "multiple cooperation", including setting a target to increase the proportion of new economy revenue to 15% by 2020, and comprehensively launching 5G business with the spectrum resources of gold portfolio, so as to expand the depth and scope of 5G application, so that consumers and industries can feel it. At the same time, Far EasTone Telecommunication will also accelerate cross industry and cross domain cooperation. Under the resource integration of Far Eastern Group, it will deepen the relevant applications of 5G "big data + AI + IOT" (big data, artificial intelligence, Internet of things (IOT)), and open a new page for industrial upgrading.

        

        President Chee Ching demonstrated various outstanding achievements of FET to the media in 2019, including a number of rigorous and specific 5G tests, which will take the lead in the network layout of the new generation. Whether it is to build the first 5G private network model, the first 5G live program, the first 5G application in retail stores, the first 5G application in semiconductors industry, etc., it is like a "leading vehicle" for 5G communication services. A number of data also show that both enterprise customers and individual users give FET a very high evaluation, including that FET maintains a leading position in the enterprise customer NPS; customer satisfaction of the stores, customer service and account service are the first in the market.

        

        "Leadership with heart" strives for employees' feelings, building "agile culture" from the inside out

        

        Not only is the operation outstanding, President Chee Ching has also vigorously promoted the project of "agile office" since last year, making its debut today. According to President Chee Ching, both software and hardware in the 5G era must be driven, thought and implemented by "people". Agile office is not just a modification project, but a workspace for colleagues to face the needs of digital transformation by introducing the design concept of "activity-based workplace". This "peaceful revolution of space" aims to change behavior through the environment, and then cultivate an agile corporate culture, so that every colleague can maintain enthusiasm and corporate identity in a friendly environment.

        

        President Chee Ching said "the external disturbances have not come to an end with the end of the 5G bidding, but FET will continue to take a steady pace and team strength with the specific actions of" new economy "," 5G application "and" multiple cooperation " to seek victory in the stable environment in the 5G era."

        

        The first arrow: sprint to the new economy and create diversified services

        

        Far EasTone Telecommunication expanded the layout of 5G "big data + AI + IOT", cloud and key technologies of information security. Taking the revenue statistics of February this year as an example, the annual growth rate of communication business revenue reached 294%, including that annual growth rate of Internet of things (IOT) revenue was as high as 598%, the annual growth rate of revenue of system integration projects was as high as 103%, and the revenue of information security was 88% higher than that of last year, which the benefits are gradually emerging.

        

        Far EasTone Telecommunication, as a professional third-party digital service provider, has entered into the FinTech field, and launched the app “friDay 57”, the first deposit program that connect with bank accounts with Far Eastern International Bank and Taishin International Bank, which is a specific example of the new economy. In the future, it will combine 5G high-speed bandwidth and the solid foundation that accumulated in the information and communications industry and create more diversified and innovative services, and lead the market. In addition, in response to the needs of the development of new economy, FET will also strengthen talent cultivation, retention and talent seeking, and more than 1000 professionals in various fields will be recruited this year.

        

        The second arrow: move towards 5G, no distance in the future

        

        This year, FET continues to provide consumers and business partners with the highest quality fast network and innovative application services through the "dream flagship" spectrum resources and leading network technology with the concept of "FET 5G makes no distance in the future", so that 5G applications can be implemented into consumers' daily life. And through 5G and Internet of Things (IOT) technology, medical institutions can introduce smart medical applications and medical AI related applications to create remote diagnosis and treatment, expand rural smart medical services, and narrow the distance between urban and rural areas.

        

        To welcome the coming of new era of 5G, FET will continue its past cooperation with world-class strategic partners such as Microsoft, AWS, Google, etc. to enhance its innovation power. Meanwhile, it will continue to search for new partners with the specialty of "big data + AI + IOT" through a number of innovation accelerators to be geared to international standards and innovation energy.

        

        The third arrow: accelerate the integration of resources and expand the synergy of the group

        

        Far EasTone Telecommunication has a deep insight into the needs of consumers. Last year, it initiated cross-border cooperation between the telecom industry and Jieyijia. The number of applications hit one thousand after it was launched in February, and last year, there were more than 5000 washing orders, which caused the industry to imitate. friDay also introduced the content of Pili exclusively. The sales of single film accounted for 17% of the total sales in the same period. The total number of minutes watched of the movies increased by 71% compared with the month before they went on the market, which was eye-catching.

        

        In addition to continuous development of diversified cross-border and cross domain cooperation, Far EasTone Telecommunication continues to integrate resources and expand the synergy of the group. 5G "big data + AI + IOT" will also be specifically applied to the production lines of affiliated enterprises of Far Eastern Group this year. The AI intelligent fabric inspection machine and AI intelligent printing machine developed by FET can identify the types and characteristics of good and bad products through high-quality images, constantly learn and optimize themselves, and can also transmit back through 5G signals in the field, which greatly improves the speed and accuracy. AI intelligent printing machine has been commercialized, and the printing and dyeing factory of Far Eastern New Century Corporation is expected to import it in the first half of the year; AI intelligent fabric inspection machine will be imported in the second half of the year. friDay has now combined with Far Eastern Department store, Pacific SOGO Department store, A.mart and city'super to provide multiple commodities and one-stop online shopping service for consumers. This year, it will also cooperate with Hsinchu Big City and Pacific SOGO Department store to deepen cooperation and expand commodity category, optimize members’ information, assist data utilization and develop relevant services, and comprehensively improve operation performance.

        

        President Chee Ching said "With the change of the times and technology, the telecom industry is transforming from providing information, voice, data, and digital innovative application services, which is not a" disaster industry, " 5G era is a new era full of opportunities and multiple business opportunities, which injects fresh water into the telecommunications industry. Far EasTone Telecommunication is looking forward to creating a prosperous prospect with the like-minded pioneers in the industry. "

         

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