2021General Shareholders’ Meeting of Everest textile 

        Everest textile held the 2021 general meeting of shareholders on May 4 under the chairmanship of Johnny Shih at Tainan Labor Community Center. At the meeting, Everest textile admitted to pass the 109 annual final accounts. In 2020, the combined operating income of Everest Textile was NTD 7.343 billion, which was 17% lower than that of the previous year. It was mainly affected by COVID-19. Lockdown of cities made the decrease of the consumption, so the textile industry was seriously affected, coupled with the collapse of oil prices, inventory losses increased, and the products of the company were mainly exported, under the sustained and substantial appreciation of the New Taiwan dollar against the US dollar, it was involved in the exchange loss. Due to the above unfavorable factors, Everest textile lost 1.94 yuan per share after tax in 109. However, in the first quarter of 110, the revenue reached 2.142 billion yuan, 14.5% increase from 1.871 billion yuan in the same period of last year, turning loss into profit, and the net profit after tax was 20 million yuan.

        In order to strengthen its operation, Everest textile passed a capital reduction to make up for its accumulated losses at this regular meeting of shareholders. In order to improve its financial structure and enhance its operation capacity, the regular meeting of shareholders also decided a cash capital increase plan to issue new shares of no more than 3 billion yuan.

        In addition, the company has a cutting-edge technology R & D center, leading the industry in new product R & D capability, continuously promoting high-tech intelligent manufacturing, successfully transforming into the smart factory, realizing the vision of industry 4.0, giving full play to the 125 core technologies of Everest textile, rapidly responding to market and consumer demand, introducing intelligent and epidemic prevention materials, integrating the existing core technologies of fabric design and post-processing, then it jumped to the field of biomedicine and industrial use and developed a series of innovative valve products, and quickly cut into the ever-changing market. In terms of sustainability development, Everest textile pursues R&D and innovation with ecological design that gives full play to resource productivity and those are friendly to environment, it is committed to developing textiles that are harmless to human beings and ecology, continuously developing products with recyclable materials and green process technology, and striding towards high added value, In the future, we will continue to strengthen the strength of ecological innovation and sustainability development, and do our best in corporate social responsibility.

        The novel coronavirus pneumonia vaccine has been launched in 2021 and has been applied in various countries and the global monetary growth rate has been maintained by International Monetary Fund (IMF). The world economy is showing signs of recovery. Everest Textile is cautiously optimistic about the future. The team firmly believes that under the integrated advantages of its regional manufacturing of global layout and short chain revolution, it should adhere to the spirit of "multi-integration and innovation, sustainable development" and make good use of strategies to cope with the situation, strive to eliminate the haze and improve operational performance.