2023 Far Eastern Group affiliated enterprise Far Eastern Group Annual Strategy Meeting

        The 2023 Far Eastern Group affiliated enterprise Far Eastern Group Annual Strategy Meeting will be held in two tiers from December 7th to December 12th at the Far Eastern Plaza Hotel in Tainan. The organizer has a special video connection to Ya Tung Department Store headquarters, Baiyang Building, Far EasTone Telecommunications, Xinpu Chemical Fiber Factory, Asia Cement Corporation Hualien Factory, Jiangxi Yadong Cement, Shanghai Xinghuo Factory, Suzhou Administrative Department, Far Eastern Polytex (Vietnam) and other nine major strongholds, allowing more elite Far Eastern Group members from both domestic and foreign countries to participate in the grand event, And for the first time, an AI translation system was used to synchronize English subtitles, which not only responded to the conference theme of "Pooling Energy to Create Intelligent Future", but also demonstrated the group's determination to transform intelligently.

                The Far Eastern Group Annual Strategy Meeting kicked off with the vibrant performance of the "Chinese Sports Cheerleading Team", encouraging the attending executives to move forward and create a better future. Two books, "Harvard Business Review Recommended Must Read AI Trends" and "More Turbulent Future Economics," were presented as gifts. We hope that everyone can actively master AI technology, create smart competitive advantages, and overcome environmental changes.

        Following that, under the leadership of Douglas Hsu, we will lead everyone to anticipate the economic situation, review the group's business results in 2023, and explain how enterprises can intelligently transform and embrace the new era of artificial intelligence in response to changes and challenges in the business environment.

        This year, the global economic momentum has been weak, with the eurozone experiencing a significant decline and the United States remaining unchanged from last year, while the Asia Pacific region is relatively strong. Overall, although inflation has slightly cooled after strong interest rate hikes in various countries, the pressure continues to persist. In an environment of high interest rates, world trade has fallen into negative growth, and manufacturing is particularly sluggish. Coupled with recent geopolitical divisions such as the Russia Ukraine conflict and the Middle East conflict, the economic outlook has become even more fragile.

        This year, the Asian region can be considered the most dynamic region in the world, contributing 70% of the global economic growth rate. However, as Japan's export and tourism momentum weakens in the second half of the year, its long-term prosperity still faces pressure; Chinese Mainland has benefited from a series of consumption stimulating policies, releasing the momentum of domestic demand and driving economic growth; India has strong growth momentum and promising prospects, and is expected to surpass Germany and Japan to become the world's third-largest economy by 2030; On the other hand, although Southeast Asian countries have been dragged down by weak external demand and their GDP performance has declined compared to last year, they still have long-term growth potential; As for the Taiwan economy, although it has been impacted by the cooling global demand and its growth has slowed down, with a significant rebound in domestic consumption, there is a trend of quarterly recovery in the economy.

                However, Douglas Hsu still reminds everyone to feel a sense of crisis, especially due to the impact of the global economic environment. In 2023, the group's revenue and profits decreased, coupled with three major changes in the economy, environment, and geopolitics. It is expected that the global recovery momentum in 2024 will still be fragile. In the future, we should actively embrace technology to enhance corporate competitiveness, such as using AI design to unleash creativity and enrich customer experience; At the same time, internal think tanks should also be established to make resources more transparent. Only by paying attention to the emergence of generative AI technology, can enterprises also face internal and external risks. It is necessary to respond early, leverage strengths and avoid weaknesses, in order to create a stable smart growth model. For this purpose, the conference specially arranged for the leaders of each core business unit of the group to report on future development strategies and specific plans to build sustainable competitiveness of the enterprise, in order to facilitate exchange and learning among attending supervisors.

        Among them, Johnny Shih, Vice Chairman of Far Eastern New Century Corporation, analyzed the world's political and economic situation from a macro perspective. Due to the slowdown in global economic growth, combined with the influence of geopolitical and de globalization trends, the manufacturing industry still faces severe challenges. Far Eastern New Century Corporation not only focuses on inflation trends and war dynamics, but also needs to maintain leading technological strength. Chief Operating Officer of Que Mengchang took over to explain the process and future plans of AI layout. Technical Director Chen Likun introduced how the company can use digital planning to improve work efficiency. Finally, Director Yi Changdi shared multiple cases of AI assisting company management and proposed digital transformation plans.

        Asia Cement Corporation K. Y. Lee President led a team to introduce the business prospects of the cement and building materials industry in Taiwan. Zhang Zhipeng, Senior Executive Vice President of Asia Cement Corporation, Jin Chongren, and Chen Guangtai, Presidents of Ya Tung Ready Mixed Concrete Corporation, respectively explained how the cement, concrete, and power industries can be integrated into AI systems, Improve management efficiency while balancing cost and environmental protection. Zhang Zhenkun, CEO of Asia Cement Corporation (China), and Lin Huirong, Director of Asia Cement Corporation (China), outlined the blueprint for smart transformation of the group's cement industry in Chinese Mainland. Eastern Union Chemical Corporation Justin H.C. Tsai President and Senior Vice President Li Weicheng have also proposed new AI and digital transformation strategies to cope with the impact of recent export recession. U-Ming Marine Transport is led by Vice Chairman Xu Guoan, Chief Operating Officer Li Xirong, and Manager Lu Dingqiang, sharing the effectiveness of AI systems combined with data analysis to enhance smart management.

        As a technology pioneer of the group, Far EasTone Telecommunications Chee Ching President led the publication of the "Far EasTone Telecommunications Digital X Sustainable Dual Axis Transformation" report. Hu Demin, Chief Information Officer, shared the achievements of Far EasTone Telecommunications Generative AI applications, while Zhu Jianguo, Chief Information Officer, introduced the use of different algorithms to enhance the effectiveness of information security protection. In the retail industry, the President of Far Eastern Department Stores, Nancy Hsu, led the Vice President of Tang Zhiya to share the AI applications in customer behavior prediction, trajectory recognition, and smart customer service in the department store retail industry, titled "Far Eastern Department Stores Layout AI Technology to Build Smart Retail". The FE SOGO Department stores are led by Sophia C.W. Huang Chairman, along with Vice President Li Aijia and Senior Vice President Fu Huiwen, to discuss how the company can rapidly transform and adapt with the rapid development of AI technology under the theme of "Mission Unstoppable". Far Eastern Group Bank's Thomas Chou President led Vice President Zhang Xiaoqian, Vice President Liu Longguang, and President Ye Yuqing to introduce the latest developments in the team's digital transformation, as well as how to leverage AI innovation to upgrade financial business.

        The speed of embracing new technology in public welfare is not lagging behind. Principal Liao Qingrong of Yuan Ze University shared the school's achievements in the introduction of AI resources and net zero sustainability, while R&D Director Fang Shihao introduced multiple AI Collaboration between industry and school cases. President Huang Maoquan of Asia Eastern University of Science and Technology explained how the school can apply AI to school operations and academic research, cultivating talents with the spirit of GO SMART and GO GREEN. Dr. Chiu, Dean of Far Eastern Memorial Hospital, shares multiple AI assisted medical applications, using technology to reduce human labor and improve patient experience, leading the medical industry from the red ocean of disease treatment to the blue ocean of health management.

        In the face of a volatile future, in addition to internal communication and learning, the organizers also seek advice from experts and scholars in different fields to assist affiliated enterprises in seizing the opportunity. The first round invited Dean Ye Junxian of the Chung Hua Institute for Economic Research to analyze the global economic outlook and financial policies in the United States, China, and Taiwan regions, as well as the ways for enterprises to respond; The second tier invites Professor Guo Wei, former President of City University of Hong Kong, to summarize several characteristics of talent based on his own experiences and observations, and explore the role of talent in energy policy.

                In addition, given the global trend of generative AI, the conference has partnered with Taiwan's Microsoft, Google Taiwan, and Deloitte to hold the "Exploring the New Era of GenAI" forum at two levels. The first invitation was to invite Taiwan's Microsoft President Bian Zhixiang, Expert Technology Department President Wu Ziqiang, and Public and Legal Affairs Department President Shi Licheng to jointly analyze the new trend of generative AI. In the second session, Lin Shuping, Vice President of Technology at Google Cloud Taiwan, Jiang Minglei, Sales Director at Google Cloud GWS, and Xu Meijun, Senior Vice President of Deloitte's Risk Advisory Department, were invited to delve into the AI field from the perspectives of technology application, work efficiency, and AI governance. They planned an "Application Development Workshop" to lead participants in brainstorming and group discussions on feasible directions for integrating AI operations.

        In addition to enriching knowledge, the conference also carefully designed a series of exciting evening programs. "Night Fantasy Dance Bell" invites the "Dance Bell Theater", known as the "Taiwan Sun Circus", to bring the classic work "VALO's First Song - Amoeba". With unique global bell pulling skills, combined with holographic projection, music, dance, new circus and sound and light design, it creates a psychedelic stage that combines reality and illusion; "Roaming in Yawan" leads the congregation to board the Kaohsiung Yawan area cruise ship, enjoy the scenery of the port city, and experience the 5D holographic dynamic light and shadow show at HOLO PARK; The Night of Xiziwan allows attendees to immerse themselves in the beach party atmosphere of sea view, starry sky, music, delicious food, and fine wine; The second tier will hold a "Sleepless Night in the City" event on the night of registration, featuring three different ways: a night tour of the ancient capital canal, a rap performance of the drum art, and an appreciation of the movie "Napoleon" to embark on a city tour. We hope that the elites of Far Eastern Group, through rich learning and communication, will work together to innovate and accelerate AI layout in the new year, leading the company forward and embracing the intelligent future.

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