Chunghwa Telecom Co., Ltd.

Good afternoon, ladies and gentlemen. Welcome to Zhonghua Telecom conference call for the company's fourth quarter 2023 operating results. During the presentation, all lines will be on listen-only mode. When the briefing is finished, directions for submitting your questions will be given in the question and answer session. For your information, this conference call is now being broadcast live over the internet. Webcast replay will be available within an hour after the conference is finished. please visit CHT IR website, www.cht.com.tw slash IR, under the IR calendar section. And now I would like to turn it over to Ms. Angela Tsai, the Director of Investor Relations. Thank you. Ms. Tsai, please go ahead.

Thank you. I'm Angela Tsai, Assistant Vice President of Financial Departments for Zhonghua Telecom. Welcome to our fourth quarter 2023 result conference call. Joining me on the call today are our Chairman Harrison Guo, our President Ivan Lin, and Vincent Cheng, our Chief Financial Officer. During today's call, management will begin by providing the Chairman's message, our business overview, a discussion of our segment performance, and the financial results, followed by management guidance for 2024. After, we will move on to the question and answer portion of the call. On slide two, please read our disclaimers and notes concerning forward-looking statements. Now, without further delay, I will turn the call over to our chairman. Chairman Guo, please go ahead.

Thank you, Angela, and hello, everyone. Welcome to our fourth quarter results conference call, and I would like to begin with our strong financial performance for 2023. we concluded 2023 with an EPS of 4.76 NT dollars. While both revenue and the EPS exceeded the high end of our four-year guidance and hit six-year highs, we are proud to beat the four-year guidance and also commit to investors to give all our efforts for this year. During the first quarter of last year, Taiwan's telecom industry entered a new three-player landscape, while Zhonghua Telecom continues to be the largest telecom, followed by the other two players. Our market cap represents 60% of the industry market value. Our revenue share in Taiwan mobile market also exceeded 40%. In addition, we have the most 5G subscribers in Taiwan with more than 3 million, not to mention the overall mobile subscriber number. All the states highlights that our leading position far outweighs our peers. At the same time, we are happy to see the domestic industry evolution and believe that under the current structure, value creation for customers will continue to remain the industry focus and digital transformation will continue to develop and serve as one of the key growth drivers. Keeping our number one position, we reiterate our confidence in widening our leading against the peers due to our solid strength and growth momentum. In 2023, our mobile post-pay subscriber numbers continues its year-over-year growth throughout the whole year, despite the total number of mobile sims in Taiwan decreased in 2023. We also achieved the highest mobile service revenue in the industry. Our success in attracting subscribers speaks for Our network strength, including the most extensive mobile coverage, largest capacity, and fastest speeds, supported by our most numerous mobile aid stations, are already in use. We believe our mobile subscriber gains and revenue growth in 2023 will continue and roll over to 2024. Our competitive advantages also come from our cross-sector business wins, including our growing broadband business, accelerating technology momentum monetization, and ongoing investment in content and and digital ecosystems. With our continuous efforts and the business development, we maintain optimistic about positive outlook for the next year ahead. Last, I am pleased to share that we are establishing a subsidiary in Germany in the first half of 2024. which will serve as the forerunner for international business expansion in Europe. This marks a meaningful milestone of our international expansion. Now, let me hand the call over to Ivan for the business update of the fourth quarter of 2023. Thank you, Chairman Gouraud.