Far Eastern New Century Corporation holds its 2025 shareholders' meeting

        Far Eastern New Century Corporation held its shareholders' meeting on May 29th. Faced with severe external challenges, Far Eastern New Century Corporation has delivered impressive operating performance, with consolidated revenue of NTD 271 billion in 2024, a 5% increase and a historic high. The after tax net profit attributable to the parent company was NTD 10.03 billion, a 22% increase, with earnings per share of NTD 2.0. A cash dividend of NTD 1.6 was also distributed during the meeting. In the first quarter of 2025, the consolidated revenue was NTD 63.7 billion, and the net profit after tax was NTD 2.33 billion, a growth of 47%.

        Production Business - Diversified Strategy Leading the New Future of Industry

        1. International layout: Far Eastern New Century Corporation operates across 26 production sites in Southeast Asia, including Taiwan, Japan, the United States, and Vietnam, with cross-border operational advantages and a vertically integrated production structure. It is the only one-stop supplier in the world that integrates upstream polyester raw materials into downstream end product applications.

        2. Green and Low Carbon: Far Eastern New Century Corporation focuses on green carbon reduction, setting transformation goals of reducing greenhouse gas emissions by 50%, green product revenue accounting for 50%, and green raw material accounting for 50% by 2030. By 2024, the progress will be ahead of schedule, with greenhouse gas emissions reduced by 34% compared to the baseline year. The revenue from green products will be 48.3 billion yuan, accounting for 33% of the production business revenue, and we will continue to move towards the goal of low-carbon transformation.

        3. Innovation and R&D: Far Eastern New Century Corporation focuses on polyester as its core, developing diverse environmentally friendly products and innovating recycling models. In recent years, it has broken through technological barriers and successfully developed single material sports shoes made of 100% recycled polyester materials. It has also developed the industry's first 100% chemically recycled polyester made airbag fiber. The outstanding research and development capabilities have been internationally recognized. In addition to winning international design awards such as Red Dot and iF, it also won the German "Carbon Dioxide Utilization Innovation Award" in 2025, becoming the only award-winning enterprise in Asia. In addition, it has been awarded the "Green Chemistry Application and Innovation Award" by the Ministry of Environment.

        4. AI Transformation: In order to build intelligent enterprises, Far Eastern New Century Corporation has developed a comprehensive digital strategy that applies AI to production, business, and administrative management. This includes using AI technology for security protection, strengthening network vulnerability detection, monitoring supplier security risks, assisting employee security training, etc. It has been recognized by the Ministry of Economic Affairs' "Smart Innovation Award" and is the only traditional industry enterprise to receive the award.

        5. Resilience: Far Eastern New Century Corporation is a leader in the polyester industry, with core products including solid polyester granules and polyester fibers. It has a wide range of applications, with production bases and sales markets expanding globally. It has long been a major supplier to internationally renowned brand customers. In addition, the company's shareholder equity ratio has been improving year by year since 2022, increasing by 7 percentage points to 48% by the first quarter of 2025. All of this enhances the operational resilience of the company.

        Land development and investment conversion business - creating billions of value with abundant assets

        Far Eastern New Century Corporation holds 560000 square meters of land in Taiwan, of which the book value of investment properties is approximately NTD 130 billion. The construction of research and development buildings and residential buildings in the "Taipei Far Eastern Group Communication Park" has attracted international companies such as Google to settle in, with considerable development potential and rental income. With the appreciation of the New Taiwan Dollar exchange rate, it is expected to further increase asset value. The reinvestment businesses are all outstanding listed companies of Far Eastern Group, including: Asia Cement Corporation 、 Far EasTone Telecommunication 、 Far Eastern Department Stores Leading companies in the industry, whose market value exceeds their book cost by approximately NTD 80 billion, and whose excellent operational performance injects stable profits into Far Eastern New Century Corporation.

        Far Eastern New Century Corporation leads the sustainable transformation of the industry with low-carbon technology, green materials, and smart manufacturing. Combining global localization and financial stability advantages, it creates a resilient international corporate structure and creates sustainable value for the enterprise.

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