Speech by Chairman Douglas Hsu at 33rd Anniversary of Yuan Ze University

　　We are delighted to welcome the 33rd founding anniversary of Yuan Ze University. The targets are set for the School’s future under leadership of the new President. With swift technological advancements, hope you will all remain cautious, strengthen agility, and march forward expeditiously with an open mindset!

　　When celebrating Yuan Ze’s anniversary each year, I will certainly remember how diligent the Founder had dedicated to establishing the university to cultivate outstanding talents. Frankly speaking, as a private institute to initiate the establishment of a private university has undergone the process beyond imagination, such as from securing campus site, faculty, to gain approval and recruit students. In a flash of a second, now Yuan Ze University has marked its 33 years of history. It has achieved remarkable success in terms of scale and reputation. While feeling gratified, I would also like to take this opportunity to share with you about its future direction.

　　The Far Eastern Group, operating with 250 companies, has maintained to register annual consolidated revenues at NT$700 billion level in recent years. As Cisco CEO John Chambers stated, nowadays market competition is no longer big fish eats small fish, but fast fish eats slow fish.  In other words, without speedy approaches, there is no way to survive.  It is true for the enterprise, as well as to the school.  Therefore, each institute must respond swiftly.

　　Take energy issue for example, whenever Far Eastern Group increases its production line, energy strategy must be top priority, always draw backup plans, not merely depending on the government for power supply. Therefore, when sudden power outage occurred recently, while affiliated companies might be affected, major production line could still operate smoothly. Similarly, when the school plans to construct new buildings, all energy and complimentary measures must be planned accordingly to minimize the impact from any external disruption, this should be the proper attitude to face the new normal.

　　Furthermore, the world has entered the era of Virtual Reality (VR).  The world is changing swiftly.  Nobody can precisely forecast the future trend. As the title “Where will he stop?” from the recent issue of 《The Economist》, under the leadership of Russia's Putin, he has officially launched war against Ukraine, from cruise missile to invasion of nuclear power plant, making the world in commotion. No one knows what will be his next move? Where will they stop? What impact will this war bring to the world? Despite this, as a leader, I must prepare in advance. As for enterprises, their current execution plans were decided two to three years ago, and the present planning will also affect the execution direction in the following two to three years.

　　Aside from setting up and achieving objectives, the sustainable operations in the new economy era would require more width and depth in planning. Far EasTone Telecommunications recently announced its stock exchange merger with Asia Pacific Telecom. With maximum spectrum synergy, the company will provide better service experience to consumers and greater returns for its shareholders. The Group’s many industries are also expediting to continuously expand their operations in Vietnam, U. S., Philippines, mainland China, and Taiwan. Even for the philanthropic organizations, one must not confine oneself, but must continue to grow. In contrast to public schools that must comply with various regulations, the Board of Yuan Ze University is more open-minded, and promotion of the school should be more flexible with no burden. The new President is well-rounded with academic and admirative experiences. Hope that under the guidance of President Ching-jong Liao, Yuan Ze can be committed to the innovative spirit on top of the solid foundation from the past, strengthen cooperation with Group affiliates, and cultivate new talents for various industries.

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