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Investor Presentaiton

Challenge: China-US Trade War China-US Trade war Effect on TW Many overseas Taiwanese businesses have taken steps to adjust their production by relocating funds back to Taiwan or Southeast Asia to diversify risk amid the China-US trade dispute. 電子下游組装代工廠 「產線搬遷 廣達 產品 和碩 產品 緯創 產品 伺服器 網通產品 主要生產基地 伺服器 中山廠 主要生產基地 主要生產基地 上海廠 蘇州廠 可能搬遷地點 【菲律賓蘇比克灣 可能搬遷 SOURCE: 工商時報 經濟日報 可能搬遷地點 台灣 台灣新店 The impact of China-US trade war on air cargo transport: . • . Short term: Urgent order shipment due to tariff issue Mid term: Air cargo demand reduced while overstock Long term: Cargo volume is expected back to normal as agreement is made by US and Chinal Counter Measure of CI • • Cargo supply adjustment to cater to market needs Flexible network planning for potential market Aggressive development of solid target suppliers CHINA AIRLINES 製表:吳雯 29
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