FET 2021 Shareholders’ Meeting

        Far EasTone telecommunications held the annual shareholders' meeting on July 22. Douglas Hsu led Chee Ching president and the management team to explain last year's operating results and future strategic layout. With the concerted efforts of all colleagues and facing the challenges brought by the impact of the epidemic, far EasTone telecommunications still handed over solid operating transcripts. In 2020, the consolidated total revenue reached NT $79.501 billion (the same below), and the consolidated EBITDA (benefits before interest, tax, depreciation and amortization) and after tax surplus were 27.599 billion and 8.354 billion respectively, Earnings per share (EPS) was 2.56 yuan, and the achievement rate of financial measurement target was 104%. Far EasTone telecommunications maintained a steady and excellent dividend distribution rate. This year, it distributed a cash dividend of 3.25 yuan per share, with a dividend distribution rate of 127%. For ten consecutive years, the dividend distribution rate exceeded 100%, ranking the first in the industry.

        Far EasTone telecommunications Douglas Hsu said, "far EasTone telecommunications takes sustainable operation as its goal, actively implements corporate governance, and is committed to pursuing common good in society and creating maximum value for shareholders. Half a year after 5g was launched, far EasTone telecommunications has launched a world-class 5g network and demonstrated all-round achievements, in addition to providing practical applications of diversified innovation for consumers and business partners; In terms of 5g network speed and many other key indicators, it has not only won the "first in Taiwan" certification, but also helped Taiwan's 5g network speed jump to the second in the world, so that Taiwan's information and communication technology can shine in the world and practice the commitment of far EasTone telecommunications to "do the best if you want to do it!"

        Far EasTone telecommunications Chee Ching president also said: "last year, far EasTone telecommunications joined hands with nearly 100 5g ecosystem partners to announce the sale of" far EasTone telecommunications heart 5g ", which has achieved market leadership in gold spectrum, key technologies and partner resources. Good physique and continuous efforts have successfully created differentiation advantages, Let far EasTone telecommunications have the best 5g! Far EasTone telecommunications will continue to go all out to use AI big data to locate base stations and optimize the network. At present, more than 7500 5g base stations have been built in the whole station, with a coverage rate of nearly 80% and more than 90% in Liudu. It is expected that Q4 will reach 90% of the population of the whole station, so that every user can enjoy a world-class network experience. "

        Spectrum is the DNA of telecommunications. Far EasTone telecommunications has achieved 80MHz bandwidth and excellent position in the key 3.5GHz frequency band, laying the development advantage of 5g. Facts have also proved that "far EasTone telecommunications heart 5g" has achieved good results all the way since its sale last year. Although the recent epidemic has impacted the market vitality, the number of 5g users continues to rise and has exceeded 800000 at present; The revenue and profit contribution were better than expected. More than 90% of 5g users applied for more than 999 information fee, and the information fee of renewal users increased by more than 20% on average. The number of monthly rental subscribers of far EasTone telecommunications has been growing for 11 consecutive quarters, and ARPU continues to rank first in the telecommunications industry; Since March this year, the annual growth rate of mobile service revenue and ARPU has become positive! In the second half of the year, the launch of new iPhones and 5g new phones with different price bands is expected to push up go prosperus road and move towards the goal of 30% 5g penetration by the end of the year.

        Far EasTone telecommunications continues to use the core capabilities of "big data + AI + IOT" (big data, artificial intelligence, Internet of things (IOT)) to promote digital transformation, provide consumer digital services and enterprise information and communication solutions, successfully create a new growth curve, and the new economic revenue has reached record highs. The proportion of new economy revenue increased from 10% in 2018 and 13% in 2019 to 15% in 2020. The target of 16% in 2021 was reached ahead of schedule in June! In 2020, under the influence of the epidemic, the annual growth rate of new economy revenue will still reach 13%, of which the annual growth rate of information and communication business revenue will reach 17%, with strong operating strength and excellent operating results and financial performance.

        On the consumer side, it launched innovative applications such as "far EasTone telecommunications Friday Video Star multi perspective" and "far EasTone telecommunications Friday VR", so that 5g can enter the daily life of users. The one-stop mobile life circle "far EasTone telecommunications heart life" app created exclusively for users succeeded in "circle powder", and the total amount of guided purchase of kenkidd and damelor exceeded 16 million; The number of consumer users of Friday Shopping increased by 10 times, and the amount of shopping guide in a single month in June exceeded 10 million; Drive Friday video and audio to increase more than 50000 movie viewers, which can be called "king of goods"!

        In terms of enterprise customer layout, far EasTone telecommunications continued to form cross industry alliances to create a benchmark vertical field. We have worked with the public sector to build a smart city, assist enterprises in digital transformation, build 5g enterprise private network, big data platform, etc., and have won many index cases, including Taoyuan intelligent street lamp, Taidian smart meter, building the first 5g smart factory in Taiwan with Delta and Microsoft, building 5g millimeter wave vertical field with MediaTek, assisting the immigration department in building big data platform Assist the Ministry of culture in building a data management system to drive the industry into the 5g new era!

        Far EasTone telecommunications developed 5g applications not only for business, but also for public welfare. Last year, it helped Taidong County build the first 5g remote diagnosis and treatment field in Taiwan, replacing roads with networks, and realizing "zero distance diagnosis and treatment in rural areas". The recent epidemic has impacted the medical capacity. Far EasTone telecommunications cooperates with Far Eastern Memorial Hospital to introduce a remote diagnosis and treatment platform to reduce the frequency of people entering and leaving the hospital and reduce the risk of infection. At present, the video clinic has a total of 27 specialties, 229 outpatient visits a week, and more than 2400 cumulative services. There is a strong demand for zero contact diagnosis and treatment services, which is planned to be opened with many hospitals. In addition, in cooperation with far EasTone telecommunications and the health insurance department, the "virtual health insurance card" is bound through the app, which can complete card passing with zero contact and create greater benefits.

        Looking forward to the future, far EasTone telecommunications will continue to focus on corporate governance, environment, society, economy and other issues with practical actions, accelerate the innovation and transformation of far EasTone telecommunications, be closer to customers and think further for them, and realize the vision of "living with far EasTone telecommunications, communication without distance and richer life".

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