Far Eastern New Century Corporation holds its 2026 shareholders' meeting

        Far Eastern New Century Corporation held its shareholders' meeting on May 29th. Faced with external environmental challenges, Far Eastern New Century Corporation adheres to a prudent business strategy, with a consolidated revenue of NTD 254.1 billion in 2025, a net profit attributable to the parent company after tax of NTD 7.83 billion, earnings per share of NTD 1.55, and a cash dividend of NTD 1.25 with a yield rate of 5.0% approved by the shareholders' meeting. In the first quarter of 2026, the consolidated revenue was NTD 61.3 billion, and the net profit after tax was NTD 3.09 billion, a growth of 33%. It is expected that the operating performance will continue to be strong in the second quarter.

        Production Business - Strengthening Core Competitiveness and Leading Sustainable Transformation of Industries

        1. Vertical integration: One stop layout strengthens the deep integration of the supply chain

        Far Eastern New Century Corporation is deeply involved in the polyester industry, with a complete layout of vertically integrated architecture for food packaging materials, green materials, industrial materials, and functional textiles. We provide customers with one-stop integrated services and ensure stable and reliable supply. The company has production bases in Taiwan, Chinese Mainland, Japan, the United States, Vietnam, Malaysia and other places. Through regional division of labor and global sales model, the company plays a comprehensive role in international layout.

        To strengthen its leadership position in green materials, Far Eastern New Century Corporation continues to advance its global green polyester layout. The new factory in Vietnam has been established in 2025, and the Malaysian factory is expected to start production in the second half of 2026. It will deeply integrate with the company's local bottle factory and expand sustainable recycling opportunities. At the same time, recognizing the economic and trade advantages of Southeast Asia, Far Eastern New Century Corporation deepens its vertical integration layout in Vietnam, builds the largest consistent production base overseas, and continues to advance multiple expansion projects to solidify its market leading position.

        In addition, the company continues to promote capacity upgrading projects, with capital expenditures exceeding 10 billion yuan, covering the establishment of new overseas factories, expansion of existing production lines, and equipment replacement, further improving operational efficiency and competitive advantages.

        2. Operational resilience: Stable financial structure, gathering global leading brands of customers

        Faced with global market uncertainty, Far Eastern New Century Corporation has demonstrated strong operational resilience and risk resistance through its robust financial structure and diversified product applications. In the first quarter of 2026, shareholder equity accounted for 47.5% of assets, a significant increase of about 6 percentage points compared to 2022. The proportion of current assets reached 24.6%, steadily rising for three consecutive years, and the overall asset structure became more sound.

        Far Eastern New Century Corporation's product application areas cover diverse markets such as food packaging materials, household goods, functional clothing, shoe materials, and automotive materials, widely connecting global industrial demands. The customer structure is mainly composed of leading brands in various international industries, and stable cooperative relationships are maintained in the long term. This not only effectively disperses the risk of single market fluctuations, but also further enhances the overall operational competitiveness.

        3. AI research and development: AI x green technology drives transformation and growth

        Far Eastern New Century Corporation continues to promote smart manufacturing and digital transformation, and will further establish an "Intelligent Transformation Center" in 2025 to integrate digital resources, accelerate the construction of a smart operating model, and comprehensively improve manufacturing efficiency and operational flexibility through advanced technology production models. At the same time, we will deepen the application of AI innovation, independently develop intelligent AI management platforms, and demonstrate outstanding independent research and development capabilities.

        By combining low-carbon technology, green materials, and recycled economy layout, Far Eastern New Century Corporation continues to create environmentally friendly technology materials with international competitiveness, including the world's first carbon fixed and recycled PU material, shoe midsoles made from discarded PET bottles, and elastic fibers. These materials have not only received recognition from international brands, but also won important awards at home and abroad. In the 2026 FIFA World Cup, there will be 12 national teams that advance to the internal matches. They will wear jerseys made of Far Eastern New Century Corporation technology fabric and step onto the international stage to showcase the company's green technology and innovative research and development international competitiveness.

        Land Development and Investment Conversion Business - Accelerating Asset Revitalization, Flexible and Diversified Investment

        Far Eastern New Century Corporation holds 560000 square meters of land in Taiwan, of which over one-third is investment property. The high-end residential building "Far Eastern Construction Forest A ⁺" in the Far Eastern Group Communication Park in Taipei has started pre-sale operations, with a total sales area of over 15000 square meters, expected to create considerable residential sales revenue. With the increasing demand of Taiwan enterprises for factory expansion, the value of industrial land has increased. Far Eastern New Century Corporation owns industrial land in large essence areas such as Taoyuan Kuanyin, Hsinchu Hukou, and so on. The future value-added space is expected. Far Eastern New Century Corporation's major reinvestment businesses have a stable operating structure, including: Asia Cement Corporation 、 Far EasTone Telecommunication 、 Far Eastern Department Stores Far Eastern Group's outstanding listed company, with an overall market value exceeding its book cost by NTD 76 billion, brings stable dividend income and cash flow to the company.

        Sustainable performance is highly recognized by all sectors

        Far Eastern New Century Corporation's sustainable performance has been recognized by various sectors, receiving the highest A-level rating for climate change projects in CDP for two consecutive years. It has also been selected for the Dow Jones Leading Index (DJBIC) Emerging Markets Constant Stock, MSCI Select Index, and FTSE Social Responsibility Emerging Markets Index. In the field of sustainable finance, it has won multiple awards such as FinnceAsia, Treasury Today, and The Asset. In addition, it will participate in Brandon Hall Group for the first time in 2025 ™ HCM Excellence Awards ® Winning double gold and one silver awards. In 2026, it was ranked among the top 5% in the corporate governance evaluation of listed companies and won the first prize in the low-carbon operation group of the Vision ESG Enterprise Sustainability Award. With abundant AI research and development capabilities, it once again received recognition from the Ministry of Economic Affairs' Smart Innovation Award.

        Far Eastern New Century Corporation continues to deepen vertical integration and global operational advantages, promote AI innovation applications, smart manufacturing, and green technology research and development, accelerate recycled economy and low-carbon transformation, and strengthen enterprise operational resilience. At the same time, combining the revitalization of land assets and the layout of investment businesses, we aim to create diverse and stable growth drivers.

        Note: The yield of 5.0% is calculated based on the closing price on May 28th.

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