Far Eastern New Century Confident in Higher Profits This Year; Jeff Hsu Shows Succession Momentum in Debut

Far Eastern New Century held its shareholders' meeting on the 29th. Chairman Douglas Tong Hsu was absent, and Vice Chairman Hsi Chia-yi presided over the meeting. Hsi stated that despite uncertainties in the external environment, the company's solid financial structure and diverse product portfolio allow for risk diversification, expressing confidence that profits this year will exceed last year's. Notably, Jeff Hsu, the only son of Douglas Hsu, made his debut at the meeting as the group's Chief Innovation Officer. He displayed a steady demeanor, demonstrating his potential as a successor. The company also holds 560,000 pings of land across Taiwan, with expected revenue from real estate development.