Chunghwa Telecom : Advance to Southward expansion. Chunghwa Telecom Thailand Teams up with Thailand's Largest Electricity Enterprise to Realize Smart Cities

Chunghwa Telecom (2412) today (12) officially announced that its Thai branch company office signed a memorandum of cooperation (MOU) with" Provincial Electricity Authority of Thailand (PEA)", the largest state-owned electricity enterprise in Thailand to start a series of strategic cooperation in Smart City and Smart Energy related subjects. In recent years, Chunghwa Telecom has continued to expand into overseas markets with the goal of "stepping outside of Taiwan to the world" by actively deploying and extending its footprints in the global market, in partnership with local enterprises to provide integrated information and communication services for multinational enterprises.

To support the growth of the digital economy and strengthen the momentum of national economic development, the Thai government selected Smart Cities program as one of its focuses. Currently the government has launched several preferential investment plans to actively develop Smart Cities. The Thai government set a goal to develop 100 smart cities within 20 years. To achieve this, the government has launched two significant national policies: "Smart Thailand 2020" and "Thailand 4.0," demonstrating its commitment to modernization. In the foreseeable future, major cities such as Bangkok, Pattaya, and Chiang Mai will gradually transform into smart cities, and technologies like 5G and AIoT will become important indicators for measuring progress in smart city construction. Based on these emerging trends, Chunghwa Telecom will leverage its success in assisting Taiwan's county and city governments to build smart cities, and share its expertise and provide support to various units in Thailand to help achieve their goal of developing 100 smart cities.

Provincial Electricity Authority of Thailand (PEA) is the largest electricity company in Thailand, with a market share of over 68%. Since 2018, PEA has taken the lead in seizing business opportunities in smart energy, renewable energy and charging systems. PEA provides crucial infrastructure for the Thai government's digital transformation strategy. PEA recognizes the excellent software and hardware strengths of Chunghwa Telecom and has a high level of interest and confidence in Chunghwa telecom's smart city solutions. The two companies have been in communication since the end of 2022, and after several discussions, they decided to further build up partnership. On May 12, 2023, the two companies jointly announced their plan of cooperation.

Following the signing of the MOU, the two parties will use PEA Bangkok Park as a demonstration site for Chunghwa Telecom's smart city solutions. The preliminary plan is to simultaneously build smart city solutions such as CHTCityOS, Smart Poles, and Smart meters in the park to showcase CHT's smart solutions. Additionally, PEA also selected other cities with development potential to implement CHT's smart transportation solutions to resolve local security concerns. Furthermore, CHT's Smart Energy solutions, already proven successful in Taiwan, will be introduced to the Thai market to further advance the vision of a "Smart Thailand.

Sarah Wu, President of Chunghwa Telecom International Business Group & Chairman of Chunghwa Telecom (Thailand), said: " Chunghwa Telecom's partnership with PEA, the largest state-owned electricity enterprise in Thailand, demonstrates our commitment to the international market and represents an important milestone in our efforts to expand overseas. By collaborating with PEA in Thailand, we hope to explore more international development and business opportunities and accelerate our entry into the global market. In the future, we aim to continue forming alliances, creating transnational ecological platforms, and bringing Taiwan's abundant Information and Technology industry to the international market to accomplish a new era of cross-border collaboration."

【Thailand Local Electricity Authority (PEA)】

The Provincial Electricity Authority (PEA) is a government enterprise under the Ministry of Interior with 117 electricity authorities under its purview.

The Provincial Electricity Authority transforms the organization into PEA Digital Utility. Management and Organization Development Guidelines are carrying out under the KEEN14 Policy, namely: "Keep Improving Existing Business, Enhance New Business, Employ Innovation and Technology, and Nourish Human Resource". The key compliance is comprised of 14 strategic practices covering essential operations in each department, including organization and grid system development, new business development, innovation and digital technology, human resource development under Good Corporate Governance, and sustainability build to fulfill customers' and market requirements, ready to move towards the Digital Utility era.

The PEA is opening a new chapter of challenges associated with changes in technology and government policy that cause significant impact in the electricity industrial structure. PEA is committed to adopting these changes by evolving into an electricity business aiming to be excellent in the Electrical Energy Business , meet the expectations of the customers and contribute values to the society and environment by using digital technology , in order to take PEA down the road to becoming "PEA Digital Utility".

【About Chunghwa Telecom】

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan'slargest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw