Far EasTone telecommunication held the 2022 ordinary shareholders' meeting

        Far EasTone telecommunications held the annual general meeting of shareholders on June 14, with the presence of Chee Ching president and the management team led by Douglas Hsu, to explain the operating results and future layout in 2021.

        Despite the epidemic, with the joint efforts of all colleagues, far EasTone telecommunications still gave a brilliant report card. In 2021, the consolidated total revenue was ntd85.32 billion, with an annual growth rate of 7.3%, a new high in recent nine years; Consolidated EBITDA (interest before interest, tax, depreciation and amortization) is ntd28.17 billion; After tax earnings and earnings per share (EPS) were ntd9.124 billion and ntd2.80 respectively, and the annual growth rate turned positive and reached a new high of 9.2% in recent eight years. In 2021, no matter the revenue, consolidated EBITDA, or even EPS, all exceeded the financial forecast target, which was 104%, 102% and 109% in order. This year, ntd3.25 cash dividend per share was issued, with a dividend distribution rate of 116%, reaching a dividend distribution rate of more than 100% for 11 consecutive years, ranking first in the industry. In addition, the share price of far EasTone telecommunications has performed well in the past year. It not only won the championship in the industry, but also hit a record high in May 2022. Moreover, the share price increase since this year is far ahead of the "Taiwan's 50 solid stock"! Douglas Hsu said, "under the epidemic, the far EasTone telecommunications team stuck to their posts and served customers. Last September, they also put together the world's first 5g, making Taiwan's 5g internationally famous! We firmly believe that providing high-quality and stable network quality is an important commitment to customers, that is," do the best you want to do. " Of course, high-quality 5g also drives the growth of the telecommunications industry and the new economy, so the revenue and profits of far EasTone telecommunications can grow against the trend in the epidemic and create value for shareholders. "

        Far EasTone telecommunication Chee Ching president believes: "Three years ago, Douglas Hsu took the lead in setting up the industry's first transformation office with a long-term vision, firmly committed to the transformation goal of far EasTone telecommunications, and accelerated the pace of developing an innovative economy. After three years, we have achieved success in transformation, so that in the case of the difficult epidemic last year, both the telecommunications industry and the new economy can grow against the trend. Far EasTone telecommunications will continue to develop diversified and innovative 5g applications and temperature differentiated services Service, deepen customer relations. In the future, if the competent authority approves the proposed telecommunications merger, it will help Taiwan's telecommunications industry move towards a sound and sustainable development, benefit consumers and shareholders, and make a significant substantive contribution to energy conservation and carbon reduction. " Chee Ching president also revealed five development strategies for the next five years at the meeting:

        ● using 5g to drive the telecom industry to add value: expand the scale of the industry, provide users with diversified and rich 5g value-added services, layout 5g yuancosmos innovative application scenarios, and promote the growth of Telecom Revenue value-added.

        ● combine 5g cloud technology to enable enterprise transformation: set up a "digital transformation expert consultant service" team to provide one-stop services from planning, construction, transfer to maintenance and transportation to help enterprises grow and upgrade.

        ● accelerate the growth of "green capital communication": take net zero as the main axis, align with the industrial ecosystem, promote solutions and platforms for energy conservation and carbon reduction, build a smart and sustainable city, drive and implement Taiwan's 2050 net zero roadmap, and accelerate the growth of green business opportunities.

        ● promote digital services and connect mobile life circles: listen carefully to customers' needs, provide high-quality digital services, think further for customers, and create a safe, friendly, warm and sustainable mobile life circle.

        ● lean growth and improve investment efficiency: continue to align with cross industry and cross-border partners, make good use of company resources, improve capital investment efficiency, and give consideration to growth and profit.

        Far EasTone telecommunications has built its network with great efforts. After 5g was sold, it has continued to create good results, and the annual growth rate of total revenue has been growing for six consecutive quarters. Since March 2021, the annual growth rate of ARPU and mobile service revenue has led the industry, and both have become positive. In the first quarter of 2022, the monthly rental ARPU continued to rank first in the industry, with an annual increase of 2.4% in average user ARPU and a positive increase of 2.3% in mobile service revenue! The number of users of far EasTone telecommunication 5g has steadily increased, and the penetration rate has exceeded 25%, moving towards the goal of exceeding 30% by the end of the year!

        Far EasTone telecommunications uses "big data+ai+iot" (big data, artificial intelligence, Internet of things (IOT)) technology to promote the success of digital transformation and show its strong strength in the adverse wind of the epidemic. In 2021, the revenue of the new economy climbed to a new high, and the annual growth expanded to 23.4%. The proportion of revenue rose from 5% in 2016 to 17% in 2021. The target proportion of 19% this year is more expected to reach the battle ahead of schedule!

        In recent years, far EasTone telecommunications has actively assisted the government in building a safe and convenient smart city. Through innovative technology, it has repeatedly received large-scale indicator cases, including: the Executive Yuan's smart energy management system plan of "air conditioning for classes", the Taipei Metropolitan Development Bureau's social housing "aiot artificial intelligence Internet of things (IOT) platform" Taoyuan water authority "sewer cloud Internet of things (IOT) intelligent monitoring system"... Etc., with an annual reduction of more than 24000 tons of carbon emissions, covering transportation, disaster prevention, energy, public safety, urban management and other aspects.

        In addition, far EasTone telecommunication 5g remote diagnosis and treatment has benefited 29 rural areas health centers in 14 counties and cities, and provided remote diagnosis and treatment services for nearly 10000 urban residents, winning the recognition of the national medical quality award. Not only that, during the three-level alert last year, it also assisted Far Eastern Memorial Hospital in introducing the "communication diagnosis and treatment clinic", which has served more than 14000 people so far. This year, when the epidemic is heating up, we assisted Far Eastern Memorial Hospital to set up a "medical AI Chatbot service" within two weeks to absorb 40% of the epidemic prevention telephone manpower.

        In terms of consumer applications, we continue to optimize the "far EasTone telecommunications heart life" app of the one-stop mobile life circle, which is close to the use situation of users' digital life. At present, the number of members exceeds 3.7 million and the number of monthly active users exceeds 1.2 million; The amount of Friday Shopping Guides has exceeded ntd2 billion. Recently, new life media "heart discovery", public welfare zone and epidemic prevention zone have been launched, successfully deepening customer relations and enriching users' daily life.

        In addition, far EasTone telecommunications completed the signing of the merger contract with Asia Pacific Telecom in February this year. After the merger, the new far EasTone telecommunications will give full play to the maximum spectrum efficiency and comprehensively improve the customer experience. In addition, the reduction of capital expenditure will enhance profit growth and invest in more innovative research and development. The merger of more than 9.2 million users between the two sides will help stabilize the growth of revenue in the industry, promote personal digital services, strengthen the energy of information and communication services, and improve the revenue of the new economy. Most importantly, the integration of the two networks can significantly improve the stability of the network, achieve the goal of energy conservation and emission reduction, and expand environmental sustainability benefits. At the same time, it coincides with the 25th anniversary of its founding. Far EasTone telecommunications does not forget its original intention, and continues to implement low-carbon operation with core technology. Starting from the large base stations of power consumption, it has significantly reduced the impact on the environment in multiple ways, such as AI site selection, mixing technology, power-saving equipment, recycling up to 98% of electronic waste, etc.

        Looking forward to the future, far EasTone telecommunications will become the best partner for enterprise digital transformation, and create a more convenient, safe, warm and environmentally friendly digital life for consumers.

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