Message from the Chairman

　　The world today is changing rapidly and is full of uncertainties, making it increasingly difficult to predict future developments. Breakthroughs in artificial intelligence (AI), the rapid evolution of green technologies, and the accelerated transformation of the new energy industry are reshaping the global landscape. Meanwhile, geopolitical tensions and climate change have emerged as major risks to global economic development. Complex events such as the ongoing Russia–Ukraine war, the potential return of Donald Trump to the White House after his 2020 election defeat, and the resurgence of the U.S.–China trade war have intensified political turbulence and severely impacted global industrial supply chains, resulting in increased market volatility. Looking ahead to 2025, the global economy remains highly unpredictable. U.S. tariff policies may further drive up prices, disrupt supply chains, and weaken real incomes, adding to the risk of greater market uncertainty. At the same time, climate change continues to disrupt supply chains and is accelerating the arrival of the carbon tariff era, creating more complex challenges for corporate operations. As climate change exerts a profound global impact, net-zero emissions have become a prevailing international goal. Carbon reduction and energy transformation are now common goals shared by nations. Taiwan has demonstrated strong commitment to achieving net-zero by beginning carbon accounting in 2025 and implementing carbon fees in 2026, initially targeting high-emission manufacturers and gradually extending them to the service sector, with rates set to increase over time. Additionally, the Executive TWD has released its Energy Transition Plan, aiming to raise the share of renewable energy to 30% and natural gas to 50% by 2030, thus reducing reliance on coal. High electricity-consumption enterprises are now required to install or purchase green electricity or build energy storage systems. Consequently, demand for green power will continue to rise, along with energy costs. Taiwan's policy direction toward a low-carbon economy is now clear, and both manufacturing and service industries must proactively plan adaptive strategies. 

　　While green and low-carbon products present enormous business opportunities, companies must invest considerable resources to meet carbon reduction targets and demonstrate a combination of transformation commitment, technical capabilities, and sufficient investment capacity. Starting in 2025, Everest Textile will allocate internal carbon cost provisions monthly to align with upcoming carbon fee policies and has applied for voluntary GHG reduction programs to obtain preferential carbon rates. Rooted in Taiwan and expanding globally, Everest has established manufacturing bases in Southeast Asia, China, Africa, and the United States, offering multi-functional, sustainable, and innovative products. Amid an increasingly volatile global operating environment, Everest recognizes the need to strengthen three core competencies: foresight, adaptability, and resilience. Foresight enables us to anticipate industry trends and seize early market opportunities; adaptability allows us to adjust strategies swiftly in response to changes and stay ahead of competitors; and resilience equips us to absorb shocks and recover faster than others.

　　

　　By leveraging these capabilities—together with flexible global supply chain management and a robust product portfolio—Everest maximizes the synergy of its transnational operations. Through technological innovation, Everest demonstrates its ongoing commitment to environmental protection, social responsibility, and corporate governance. We are fully aligned with international sustainability trends, actively embracing ESG (Environmental, Social, and Governance) principles and integrating the spirit of the United Nations Sustainable Development Goals (UN SDGs) into our core operations and strategic planning to ensure stable growth in a globally competitive environment.
　　
　　Everest has set concrete actions aligned with the Far Eastern Group’s “3×50” goals: a 50% reduction in carbon emissions, a 50% green product share, and a 50% green material share by 2030. Beyond establishing a roadmap toward net-zero emissions by 2050, we are implementing a proactive and clear transformation strategy, covering all aspects of the production process—from energy and raw materials to wastewater management. We are embedding the concepts of the circular economy and green procurement into our daily operations, from ecological design and raw material sourcing to finished product delivery, integrating the green supply chain and investing in low-carbon energy solutions. To increase the proportion of green products, Everest has launched new developments targeting low-carbon applications, including bio-based and recycled materials, water-based coatings, monomaterial lamination, and specialty composite printing—all of which combine eco-friendly resources with Everest’s core capabilities. In addition, we are actively developing localized low-carbon supply chains to further reduce product carbon footprints.

　　Everest also places great emphasis on talent development, striving to build a healthy, empowering work environment with comprehensive incentive systems to enhance employee professionalism and overall competitiveness. In addition to technical skill training, Everest promotes AI and digital upskilling, strengthening its digital capabilities to stay ahead in the wave of digital transformation. We encourage intergenerational collaboration, where experienced employees and younger generations work together, blending wisdom and creativity to generate new value for the company.

　　Upholding the spirit of Diligence, Sincerity, Simplicity, Prudence, and Innovation, Everest integrates ecological design, green manufacturing technologies, and climate adaptation into its operational strategies. In recognition of our sustainability achievements, Everest was honored with multiple prestigious awards in 2024, including: Bronze Award – National Enterprise Environmental Protection Award Gold Award – TCSA Taiwan Corporate Sustainability Report Award (Traditional Manufacturing) TCSA Corporate Sustainability Excellence Award Water Resource Leadership Award – TCSA Single Performance Silver Award – TSAA Taiwan Sustainability Action Award (Circular Economy) ASSET Sustainability Model Award – Social Enterprise Sustainability   

　　These accolades affirm Everest’s outstanding ESG performance and further establish our position as a preferred supplier to leading global brands. I sincerely thank all our colleagues, customers, shareholders, and stakeholders for your trust and support. We look forward to continuing to work hand-inhand with partners across all sectors to foster innovation, strive for excellence, and build a strong foundation for Everest Textile’s sustainable growth.