About FE HLDG INT-NEW Company

Far East Holdings International Limited (HKSE stock code: 0036) is an enterprise group owned by the famous Chiu Degan family. It was listed on the main board of the Hong Kong Stock Exchange as early as 1973. As an investment holding company, its subsidiaries and associated companies are active in different regions and are engaged in different business areas, including information technology, media, manufacturing and financial services. The Group aims to reflect the potential of the companies in the portfolio, their management teams and employees to obtain ideal returns for shareholders. The Group understands the expectations of shareholders to obtain profits from investments, and the Group shares the same belief. In addition to striving for ideal returns, it also minimizes the risk of capital loss at every stage of the business cycle. history The Qiu family, headed by Mr. Qiu Degen, are successful entrepreneurs, famous, and very influential. Mr. Qiu was born in Shanghai and arrived in Hong Kong in 1949. His entrepreneurial journey began by setting up theaters in rural areas. In 1959, Qiu started a small bank called “Far East Bank” to provide farmers' deposit services. Kew then invested in several plots of land in the New Territories. In 1962, Kew continued to expand its business and acquired Lai Yuen, a famous local theme park. In 1972, Far East Development Co., Ltd. was founded and became the chairman, specializing in property development and investment. Qiu's outstanding talent and savvy in investing can be seen through the acquisition of Asia Television Limited (ATV) (formerly known as Li TV). Asia is regarded as one of the two free TV channels in Hong Kong. ATV was facing various difficulties before Qiu bought ATV. However, after Qiu's acquisition, ATV turned a loss into a profit by implementing a series of reforms. When Qiu joined ATV, it was also an important milestone in the history of Hong Kong television. Far East Holdings International Limited, formerly known as Far East Technology International Limited, was listed on the main board of the Hong Kong Stock Exchange in 1973. Far East Holdings was a comprehensive enterprise at the time, positioned as a property holding company. In 2007, Far East Technology International Co., Ltd. changed its name to Far East Holdings, and the group was positioned as an investment enterprise.