Leading Cybersecurity Company Receives 5A Rating for Five Consecutive Years CHT Security Co., Ltd. (7765) Scheduled for OTC Listing on August 20 at a Subscription Price of NT$220 per Share

CHT Security held an investors' conference on Tuesday (Aug. 13) announcing it will list on Taiwan’s OTC market on Aug. 20 with the stock number 7765 and a subscription price of NT$220 (US$6.82) per share, with Yuanta Securities as the lead underwriter.

Founded at the end of 2017, CHT Security is a leading cybersecurity professional services provider in Taiwan, with a capital of NT$363 million. Its main business includes network security, professional cybersecurity services, and cybersecurity product sales. Since its establishment, the company has been consistently profitable, with annual revenue and profits growing by 20-30%. It has been honored with the highest 5A rating by the Executive Yuan's cybersecurity evaluation for five consecutive years and was recognized by Frost & Sullivan as Taiwan's best cybersecurity service company for three consecutive years. The current Chairman is Max Chen, and the General Manager is Jeff Hung. The subscription price for the OTC listing is NT$220 per share, with Yuanta Securities Co., Ltd. as the lead underwriter.

CHT Security is a cybersecurity professional services subsidiary of Chunghwa Telecom Co., Ltd. (referred to as CHT) and is a leading cybersecurity company in Taiwan. It serves over 300 large enterprises, more than 40,000 small and medium-sized enterprises, and nearly 1 million individual and household clients. Its corporate clientele includes government agencies, financial institutions, high-tech companies, healthcare, retail, and critical infrastructure sectors, with extensive experience in cybersecurity defense and offense. In 2023, CHT Security's revenue was NT$1.696 billion, with a pre-tax profit of NT$339 million and earnings per share of NT$7.8. For the first half of 2024, revenue reached NT$856 million, with a net profit of NT$193 million and net earnings per share of NT$5.35, reflecting continued revenue and profit growth.

CHT Security holds international certifications including ISO 27001, ISO 27701, ISO 20000, ISO 17025, and IEC 62443 CBTL. Its SOC services and in-house products, such as SecuTex NP/ED and CypherCom end-to-end encryption communication system, have won the COMPUTEX Best Choice Award for three consecutive years, demonstrating its professional strength and service quality.

Looking ahead, CHT Security will continue to focus on stable growth and expanding its market leadership. The company plans to invest in technology, leverage AI and cloud technologies to enhance cybersecurity for clients, explore new areas such as low-Earth orbit satellites and drones, and innovate for value creation. It will also develop proprietary products to boost international competitiveness, actively explore new markets in Southeast Asia and beyond, and partner with CHT's overseas subsidiaries to serve Taiwanese and international clients, aiming to become a globally recognized cybersecurity brand.

CHT Security Co., Ltd. Management Team. Photo provided by CHT Security
 From left to right: Tsai Jian Gang, Vice President of CHT Security; Hung Jin Fu, General Manager of CHT Security; Shui-Yi Kuo, Chairman of Chunghwa Telecom; Chen Ming Shi, Chairman of CHT Security; Wen Ya Ru, Vice President of CHT Security; Wang Xin Fu, Vice President of CHT Security.