Far EasTone Telecommunications Convenes 2023 Regular Shareholders' Meeting

        Far EasTone Telecommunications held a shareholders' meeting on May 31st, attended by the Chee Ching President and management team led by Douglas Hsu, to explain the operational results and future layout for 2022. Last year, the consolidated total revenue was NTD89.15 billion, the consolidated EBITDA (before interest, tax, depreciation and amortization) was NTD30.79 billion, and the net profit after tax was NTD9.61 billion, all reaching a new five-year high. EPS NTD 2.95, all financial test achievement rates exceed the standard; This year, a cash dividend of NTD3.25 per share was issued, with a dividend payout rate of 110%. It is also the 12th consecutive year that the dividend payout rate has exceeded 100%, and the market value has increased by 17.0% so far this year, ranking first in the telecommunications industry.

        It is worth mentioning that EBITDA and annual growth rate of net profit after tax both rank among the top in the industry. If the one-time non business income in 2021 is deducted, the net profit after tax will actually grow by 22.1%, standing out among telecommunications companies in the UK, the US, Japan, South Korea, and other countries.

        Creating differentiated advantages and leading the industry in 5G penetration rate

        Douglas Hsu stated that Far EasTone Telecommunications has performed outstandingly in its industry, with 5G penetration rate ranking among the top three telecommunications companies. It has also launched many innovative green communication applications, such as energy management systems, smart street lights, smart campuses, and remote diagnosis and treatment, to help create a smarter life and sustainable city. In the future, we will continue to create differentiated advantages through high-quality online services and diverse innovative technological applications, becoming the first choice for consumers.

        Chee Ching President stated that thanks to the continuous upgrading of 5G by users, as well as the strong driving force of dual engines such as Big Data, artificial intelligence, and Internet of Things (IoT) to promote the development of the new economy, Far EasTone Telecommunications achieved excellent results in various indicators such as total revenue, profit, new economy revenue, stock price performance, customer recommendation, employee satisfaction, and new business development in 2022. In addition, we continue to move towards digital transformation, promoting Sustainability Development with technological and operational capabilities, implementing smart energy-saving and low-carbon operations, and creating the "most environmentally friendly network"; Assist business partners in digital and net zero transformation, and establish a new model of sustainable telecommunications industry.

        Focusing on green communication and practicing the net zero path

        The transformation of Far EasTone Telecommunications has been successful in four years, with outstanding performance in new economy services. The annual revenue growth rate reached 18%, accounting for 19.4% of the total revenue, surpassing the original target. Among them, the demand for smart capital communication business is strong, with a growth rate of 24%, accounting for more than 50% of the new economy. Cloud service business and self-developed solutions are the most prominent, with annual growth rates of 38% and 29%, respectively, injecting revenue growth.

        Combining Digital Twins, Big Data, and AI technology, Far EasTone Telecommunications assists managers in achieving optimal management through virtual and real integration. Given the continuous expansion of 5G remote diagnosis and treatment, it has spread to 12 counties, cities, and 35 townships. This year, 5G remote diagnosis and treatment 2.0 has been launched to improve community chronic diseases and long-term care services. In addition, Kaohsiung also launched a 3D street violence early warning and AI information integration detection platform and a 5G patrol car, and cooperated with Taipei and Penghu to build a smart Urban resilience through technology through 5G ambulance cross sea video joint defense.

        Alliance strategic partners to continuously expand economic scale

        In order to continuously strengthen the ecosystem, Far EasTone Telecommunications collaborates with top enterprises in various industries, such as working with international partners such as Microsoft, Ericsson, and Intel to enhance technological energy. It also collaborates with county and municipal governments and public departments to develop smart city projects and establish the Far EasTone Telecommunications Innovation Accelerator in innovation, The first potential business opportunity is to exceed NTD1 billion.

        At the same time, Far EasTone Telecommunications also continues to develop consumer services, including: working with partners to establish "Mishen International" in the strategic direction of "building IP", committed to producing and investing in high-quality Taiwanese film and television content; The 'Far EasTone Telecommunications Heart Life' app has been downloaded more than 5 million times, with an annual shopping guide worth over 100 million yuan, forming the strongest mobile life circle and a good partner for consumers.

        After the merger with Asia Pacific Telecom in the future, there will be the fastest network spectrum available, and the consolidation of both bases is expected to reduce equipment duplication, hardware obsolescence, and new costs. By combining energy-saving technology and energy management systems, a more dense rural area network coverage can be achieved, while saving 86 million kilowatts of electricity annually and expanding environmental sustainability benefits.

        Create the "most environmentally friendly network" and establish a new model of telecommunications sustainability

        In terms of practicing the commitment to sustainability, Far EasTone Telecommunications won over 40 ESG awards in 2022, and obtained 22 ISO and 2 BSI international certifications. It has been highly recognized in multiple international sustainability evaluations and has been selected as the highest level "DJSI World" sustainability stock for four consecutive years, ranking as the "DJSI Emerging Markets" sustainability stock for seven consecutive years; And officially joined RE100 in March this year, promising to achieve 100% use of green electricity throughout the company by 2040; Not only that, but also for three consecutive years, it has been awarded the top 8% global performance in climate change agreement management by the CDP, and is also the only operator in Taiwan's telecommunications industry to pass the SBTi 1.5 degree scenario review, demonstrating its determination to continue operating.

        As the first telecommunications operator in Taiwan to join Ericsson's "Telecommunications Equipment Environmental Recycling Plan", Far EasTone Telecommunications has a recycling rate of over 98% and has launched a "Supply Chain Carbon Inventory", promising to reduce supply chain emissions by 16% by 2030; It is also the first telecommunications industry to pass the ISO 20400 Sustainable Procurement Guidelines. From intelligence to sustainability, in addition to using AI Big Data for 5G base station location selection, intelligent mixing and sleep technology are also used to reduce the power consumption of the base station, with a maximum annual reduction of approximately 50000 tons of carbon emissions. In addition, AI Big Data is used to dynamically adjust the air conditioning in the computer room, and to develop an energy-saving and sustainable smart building management platform.

        Looking ahead, Far EasTone Telecommunications is based on its own business and transforming into a new economy technology service company. Facing consumers, we hope to connect everyone's world, making it more convenient, safe, warm, and sustainable; Facing enterprises, with advanced information and communication technology, we assist every partner in improving productivity, competitiveness, and sustainability, becoming the best ally for digital transformation, and making substantial contributions to consumers, social welfare, and environmental sustainability.

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