Everest Textile Convenes 2023 Regular Shareholders' Meeting

        Everest Textile held a regular shareholders' meeting on June 9th, during which the 2022 annual financial statement was approved. In 2022, due to losses from warehouse fires and the impact of inventory adjustments by brand merchants in the second half of the year, the company maintained a slight decline and profit throughout the year. The consolidated revenue was NTD9.808 billion, and the net profit after tax and EPS were NTD022 million and NTD0.03, respectively. Due to the weakening of terminal demand in 2023, the first quarter revenue was NTD2.634 billion, and the post tax profit was NTD5.5 million. In the future, it is expected that with the assistance of new products and the improvement of customer adhesion through key solutions, operations are expected to improve quarter by quarter.

        Innovation is the DNA of Everest Textile. The company has a cutting-edge R&D center and research and development department, with excellent new product research and development capabilities. It uses digital precision manufacturing and AI technology to improve production efficiency, achieving Industry 4.0. The company gives full play to 125 core technologies and provides diversified products and services. This year, it specially developed ten innovative products that combine popular elements and functionality, including "high-performance textiles" - nylon 6 mechanical bombs, Graphene film bonding products; "Green textiles" - E-2000 Plus, one-piece forming seamless digital integration products, tire recycling nylon cloth, artificial ore Far infrared fiber products, solvent-free waterproof and moisture permeable film bonding products, Castor oil biological substrate film bonding products (non food sources); 'Fashion functional textiles' - Multi color ocean special printing products, elastic reflective film special printing products, quickly responding to the strong demand of the market and consumers for low-carbon green products, sustainable environmental protection, and fashion functional clothing.

        Given the significant impact of climate change, Everest Textile responds to the trend of net zero carbon emissions and continues to implement E (environmental), S (social), and G (corporate governance). With ecological greening projects and long-term energy-saving and water-saving actions, it was awarded the Gold Award for Sustainable Report Manufacturing and the Top 100 Model Sustainable Enterprises Award in Taiwan at the "2022 TCSA Taiwan Corporate Sustainability Award"; Not only that, but also the first "Top 100 Carbon Competitiveness" Investigative journalism in Business Weekly (1828). In the future, we will continue to move towards the goal of reducing carbon emissions and strive to enhance industrial competitiveness.

        Looking ahead to 2023, the three Far Eastern Dyeing&Finishing (Suzhou) factories in Taiwan, Shanghai, and Thailand are steadily developing and have successively passed various brand and sustainable certifications. The American factory has also obtained NIKE supplier VCA, PQA certification, and GRS (Global Cycle Standard) certification, and will wholeheartedly promote the "Everest Textile Sustainability Model (ESM)", increase low-carbon competitiveness, and strive to enter the US military uniform market, The gross profit is better, and it is expected to continue to grow in large quantities in the future, becoming the main driving force for American factories to make profits. In addition, Ethiopia factory also actively improves efficiency and develops local multi product OEM orders to improve the overall Gross margin.

        Faced with many uncertainties in the global economic environment, the company will embrace market changes and challenges with its core four forces - Go Innovative, Intelligence, Sustainability, and Precision. Through global layout and regional manufacturing strategies, the company will construct a diversified industrial chain, and use Industry 4.0's intelligent production and textile ecosystem to become a benchmark for innovation and sustainability in the industry. The company will continue to undergo agile transformation, demonstrate its resilience, and enhance operational performance to give back to shareholders.

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