Far EasTone Telecommunication holds its 2025 shareholders' meeting

        Far EasTone Telecommunication held its shareholders' meeting on May 16th, with Douglas Hsu leading Chee Ching President and management team to present the 2024 operating results and future layout. With the concerted efforts of all colleagues at Far EasTone Telecommunication, the total consolidated revenue in 2024 exceeded 100 billion yuan, reaching a historic high along with the consolidated EBITDA (earnings before tax, interest, depreciation, and amortization). After tax net profit and earnings per share (EPS) also reached new highs in nearly 18 and 11 years, respectively. In 2024, the market value growth rate reached 16%, reaching the NTD 300 billion mark, marking a wonderful milestone for the first year of the Asia Pacific merger.

        Far EasTone Telecommunication's consolidated total revenue, consolidated EBITDA, and net profit after tax for 2024 are NTD 104.623 billion, NTD 36.311 billion, and NTD 12.843 billion, respectively, with annual growth rates of 11.7%, 13.2%, and 14.8%, respectively; In 2024, the earnings per share (EPS) was NTD 3.56, exceeding the financial forecast target by 115%. The annual growth rate of revenue and net profit after tax ranked first in the industry, demonstrating high growth potential and winning the title of the telecommunications industry's profit growth king.

        Far EasTone Telecommunication has responded to shareholder trust with outstanding performance, maintaining a stable and favorable dividend distribution policy this year, issuing cash dividends of NTD 3.56 per share, with an annual growth rate of 9.54%, setting a new high in nearly 6 years, and a distribution rate of 100%.

        In 2024, the total revenue will exceed 100 billion yuan and reach a new high. Douglas Hsu: We need to do even better!

        Douglas Hsu stated that Far EasTone Telecommunications continues to improve its corporate governance and fulfill its commitment to sustainability, earning recognition from various sectors. It has been ranked first in the global telecommunications industry for two consecutive years in the Dow Jones Sustainability Index (DJSI), making Taiwan's sustainable value shine internationally while also considering operational performance. In the first year of the Far East Asia merger in 2024, the total revenue exceeded 100 billion yuan, and important indicators such as revenue and profit growth rate, 5G penetration rate, etc. all reached the industry's first place. "In the future, Far EasTone Telecommunication will continue to strengthen its competitiveness with AI and promote further revenue growth. The road towards corporate sustainability is still long, and Far EasTone Telecommunication still needs to work hard and do even better

        Chee Ching President stated, "With the full support of Douglas Hsu, all colleagues at Far EasTone Telecommunications have demonstrated strong execution and cohesion, leading the way in achieving the comprehensive effects of the Far East Asia merger. All financial indicators have reached new highs, and the market value has surpassed NTD 300 billion in May 2024, growing by 16%. Looking ahead to 2025, Far EasTone Telecommunication will complete the transfer of Asia Pacific users by the end of the year, accelerate the consolidation of fixed line networks and service upgrades, while increasing energy efficiency to achieve maximum synergy; In terms of the new economy, we will continue to expand the digital life service landscape, deepen the AI layout, assist business partners in realizing AI value-added, and innovate alliances to increase the growth scale of the four pronged intelligent information and communication system. Far EasTone Telecommunication will continue to be refined, transformed, and grow again, challenging new heights

        Far EasTone Telecommunication's 5G penetration rate ranks first in the industry, merging with energy-saving and carbon reduction upgrades

        Far EasTone Telecommunication's mobile communication business is steadily growing, leading the charge in achieving 5G penetration rate. After the merger, Far EasTone Telecommunication's 5G monthly subscription user penetration rate has continued to rank first in the industry, reaching 44.5% as of April this year, moving towards the goal of achieving a "golden cross" with 4G by the end of the year with a 5G penetration rate of over half. Far EasTone Telecommunication's average revenue per user (ARPU) continues to hold the top spot in the industry, driving mobile service revenue to exceed NTD 60 billion in 2024, setting a new high in nearly 8 years, and achieving 16 consecutive quarters of positive growth in the first quarter of 2025.

        In addition, Far EasTone Telecommunication is actively expanding its carbon reduction benefits. Since its merger with Asia Pacific Telecom at the end of 2023, it has replaced 19000 sets of communication equipment and taken multiple energy-saving measures such as AI intelligent site selection, base station sleep, and power equipment replacement. By the end of 2024, it has saved more than 170 million kilowatt hours of electricity, and is expected to save 150 million kilowatt hours of electricity by the end of 2025, setting a new record high.

        Four major digital service champions form an alliance to create the telecommunications industry's' digital service king '

        Far EasTone Telecommunication's personal digital services have demonstrated strong capabilities, with four core services: "Far EasTone Telecommunication Heart Life", "friDay Audio and Video", "Far EasTone Telecommunication Guardian Network" and "Mobile Insurance Collection", firmly occupying a leading position in the industry and laying a solid foundation for the "Digital Service King". Among them, the membership of the "Far EasTone Telecommunication Heart Life" app has exceeded 7 million, making it not only the largest mobile service platform in Taiwan, but also winning the IDC Future Enterprise Award "Comprehensive Experience Innovation Award", becoming the only telecommunications operator in the Asia Pacific region to win the award. FriDay Video's precise selection of videos has won the favor of users, and it has won the treble of "first paid subscription on local OTT platforms" in NCC, Cultural Content Promotion Institute, and Nielsen market research reports. Far EasTone Telecommunication Protection Network is the only cybersecurity protection service in Taiwan that collaborates with international cybersecurity leader Allot, with a subscription rate of over 60% for users who pay after use. The 'mobile insurance collection' business has grown steadily, with its premium market share ranking first in the market for five consecutive years.

        At the same time, Far EasTone Telecommunication actively expands its service offerings through strategic investments and cross industry alliances, including investing in MaiCoin, the largest virtual currency trading platform in Taiwan, and PRO360, the largest life service matchmaking platform in Taiwan, to expand user service scenarios. In addition, we will deepen our layout of international film and television content, invest in the joint production of Taiwanese and Japanese films "Youth 18x2" and "Dear Stranger", explore diverse entertainment channels, and continue to lead the new digital service track.

        Smart Information and Communication Four Dragons Launch Together to Sprint Revenue Star AI Application 'Far EasTone Telecommunication Intelligence' Empowers 10 Major Industries

        Far EasTone Telecommunication leverages its core expertise in information communication to accelerate the four pronged approach of "sustainable smart cities, smart healthcare, digital transformation, and telecommunications system integration", driving a historic high in revenue for smart information communication services in 2024, with contract amounts reaching double-digit growth.

        In terms of sustainable smart cities, Far EasTone Telecommunications has partnered with Hsinchu City to build Taiwan's first public charging station for electric buses, assist Taipei City in introducing an AI image traffic detection system, and won the Department of Transport Excellence Award. They have also successfully helped the Taipei City Government secure the hosting rights for the 2029 Smart Transportation World Conference. In the field of system integration, we have developed the "Operation Platform Management System" for Kaohsiung Port Tourism Center, which integrates smart buildings, microgrids, and environmental control management, and has been awarded the Platinum Award for "TIBA Smart Building Award".

        In terms of digital transformation, the launch of the star level AI platform "Far EasTone Telecommunication Intelligence" has attracted attention from all walks of life. Recently, it has stood out from hundreds of large enterprises and won the silver medal in the "Smart Innovation Award", the largest AI competition in Taiwan organized by the Ministry of Economic Affairs, with a winning rate of only 7.4%. Far EasTone Telecommunication utilizes generative AI to assist businesses in improving operational efficiency and monetization, with users spanning across 10 major industries including public sector, finance, energy, healthcare, campus, port, manufacturing, transportation, technology, and retail. The number of interactive users established with AI as the core has exceeded 100, and the transaction amount of related projects in 2024 is estimated to be NTD 3 billion, becoming a key driving force for the transformation of industrial AI.

        In terms of smart healthcare, Far EasTone Telecommunication is centered around a "5G remote diagnosis and treatment platform" to create a next-generation digital health blueprint that covers rural area healthcare, long-term care services, personal health management, and primary healthcare cloud. It has entered 15 counties and cities across Taiwan, serving over 60000 people. In 2024, under the witness of Director Shi Chongliang of the National Health Insurance Department, Far EasTone Telecommunication donated 100 sets of "5G Remote Diagnosis and Treatment Home Emergency Care Solutions" to the four major medical associations, strengthening primary healthcare and long-term care systems, responding to the vision of "Healthy Taiwan", and creating a smart elderly society.

        DJSI remains the top player in the global telecommunications industry and will continue to expand its efficiency, services, and AI in 2025

        Far EasTone Telecommunications has received high recognition for its sustainable performance, ranking first in the global telecommunications industry for two consecutive years at DJSI World. It has also been ranked among the top 10% of the world's most sustainable publicly issued companies for six consecutive years, and is the only telecommunications industry in Taiwan to receive the highest honor of "Leadership A" in the CDP Climate Change Supply Agreement Management for four consecutive years. In addition, it has also won the telecommunications industry championship at the National Sustainable Citizen Award, become the only telecommunications company to receive the BSI Sustainability Development Excellence Award, and has won the top ten awards at TCSA in Taiwan.

        Looking ahead to 2025, Far EasTone Telecommunication will continue to expand its Far East Asia merger and integration, complete the integration of the original Asia Pacific Telecom users by the end of the year, promote the growth of mobile services, fixed line networks, and IDC businesses, and continue to expand its digital life service landscape, creating a global life circle. In addition, Go Prosperous will deepen its smart communication business and expand its market share through alliance partners, while accelerating AI empowerment and transforming its internal, external, and commercial operations. Far EasTone Telecommunication will continue to create maximum value for the environment, society, and shareholders, and work together with partners for sustainable development.

        #