2020 General Shareholders’ Meeting of Everest textile 

        Everest textile held the 2020 general shareholders’ meeting in Tainan labor entertainment center on June 15, presided over by Chairman Johnny Shih. Last year, the supply chain was restructured due to the Sino US trade war, which affected the brand order policy and led to the loss of some orders; although the three new factories (the US factory, the Haitian factory and the Ethiopian factory) have begun to operate, the performance has not yet been shown, so that the consolidated revenue reached NT $8.864 billion (the same below), a decrease of 5.7% compared with the previous year, net loss after tax of NT $272 million, a loss of 0.56 yuan per share.

        This year, due to the novel coronavirus epidemic, the lockdown of the cities or countries in the world affected the production and demand of the supply chain. Brand owners and retailers reduced orders sharply or delayed delivery, making the first and second quarter performance of Everest textile unsatisfactory. Fortunately, they have begun to place orders, and equipment and management personnel in Everest textile's three new factories are available as well. It is expected that they will timely contribute to revenue and profits in the second half of the year. Not only that, the epidemic has also brought transformation opportunities for Everest textile's six factories around the world. Epidemic prevention products are expected to become another profitable commodity for Everest textile. Everest textile predicts that the third quarter's revenue will be as good as that of last year and there will be an increase in the fourth quarter, which will be a rare phenomenon in the textile industry this year.

        Since its establishment, Everest textile has been oriented by innovation. Therefore, according to the epidemic prevention demand, it quickly uses the energy of existing 105 technology platforms to develop the high-tech masks and cloth and finished products for protective suits within one week to help fight against the epidemic. Now Ethiopia factory of Everest textile has become the leader of local anti-epidemic products. Meanwhile, US factory of Everest textile also provides the cloth for epidemic prevention suits and masks, supplies the short chain manufacturing demand of localization in the United States, highlights the importance of American factories, creates the irreplaceable value of materials required by the United States, and also proves the advantages of Everest textile's global layout.

        With an eye toward the future, in addition to reducing operational risk and implementing sustainability management, six factories in the world of Everest textile display the advantage of integration of regional manufacturing of global layout and short chain revolution under the restructuring of industrial chain caused by Sino US trade war and novel coronavirus epidemic; and it will continue to improve product research and development and customer service to let the group make break through and achieve the vision of sustainable operation.