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07.2021 Group Briefing

FET and E.Sun Bank signed the first three-year fixed rate "FRCP" in Taiwan

Far EasTone telecommunications / Lin Mengxuan
760B01
        On May 19, far EasTone telecommunications announced the signing of a three-year fixed rate, NT $1.5 billion "perpetual index linked commercial promissory note" with E.Sun bank. The interest rate preference offered by E.Sun bank will be combined with the performance of far EasTone telecommunications perpetual index to become Taiwan's first "perpetual index linked non guaranteed circular commercial promissory note (FRCP)". Far EasTone telecommunications is demonstrated by practical actions. It not only greatly expands its operation, but also takes into account ESG (environmental, social and corporate governance,   ESG) development process and objectives, to do a good job for Taiwan's sustainability development, and to provide investors with high-quality choices in innovating sustainable financial products, so as to create a win-win situation.

        Enterprises should not only give consideration to financial and non-financial performance, but also establish a sound and long-term ESG development goal. Far EasTone telecommunications not only has a sound and stable financial constitution, but also includes sustainability development into its core operation strategy, and actively practices corporate social responsibility while pursuing revenue growth. In addition, we further signed a "sustainable index linked commercial promissory note" with E.Sun bank, hoping to drive more investors to jointly promote environmental sustainability development.

        Far EasTone telecommunications continues to pursue excellent corporate governance and sustainable operation, and its achievements have been highly recognized by domestic and foreign sustainable evaluation organizations. It has been selected into DJSI DJSI world for two times, ranking fourth among more than 100 telecom companies in the world; It has been selected as DJSI emerging market constructive stock for five consecutive years; For seven consecutive years, it has won the top 5% honor of Taiwan Stock Exchange Corporation's corporate governance assessment; For many years, he has won the top ten sustainable model company award of Taiwan Corporate Sustainability Award (TCSA). Far EasTone telecommunications also joined the GSMA climate change initiative, making it the third Telecom Company in Asia to be certified by SBTI.

        Looking forward to the future, far EasTone telecommunications will continue to deepen 5g "big data + AI + IOT" (big data, artificial intelligence, Internet of things (IOT)), cloud, and asset security technologies, combine core technologies with innovative thinking, exert the influence of information and communications industry, actively promote corporate social responsibility, and integrate with international sustainable trends, To implement the enterprise sustainability development strategy with the five main axes of "5go sustainability" (go pros, go innovative, go caring, go caring, go inclusive, go Eco, go ECO).

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