Identification of Stakeholders
Stakeholders
Adhering to the service ideals of the department store industry, FEDS has established a communication strategy and maintained good communication with stakeholders through diversified methods in accordance with the principles of AA1000 Stakeholder Engagement Standards. FEDS cares about the major issues of concern to our stakeholders and respond to them in a timely manner. We also develop management plans and action strategies accordingly in response to the demands and expectations of stakeholders.
FEDS refers to the AA1000 Stakeholder Engagement Standard (SES, 2011) and, following the five major principles of Accountability, Dependency, Influence, Diversity, and Tension, has established a stakeholder identification and engagement mechanism, identifying the key stakeholders in the company’s sustainable development process from the dimensions of operational activities, value chain impact, and risks and opportunities. In 2025, FEDS identified six major categories of stakeholders and, according to their degree of association with and influence on the company’s operations, planned differentiated communication and engagement methods, serving as an important basis for sustainability strategy and management actions.
Consumers
FEDS offers a rich and convenient shopping experience that meets the diverse needs of its customers. This has also become a driving force for the company's progress and growth.
Employees
FEDS attaches great importance to talent cultivation, provides better remuneration than its peers, and considers employees as important assets of the Company, which is also the key to creating sustainable competitiveness.
Business Partners
(Counter Vendors / Suppliers)
The cooperation and support of business partners are crucial for creating a comfortable and safe shopping environment and providing excellent and considerate customer service and high-quality products.
Shareholders / Financial institutions
Long-term support from shareholders and financial institutions is a vital force for sustainable operations.
Government
Government agencies have established comprehensive laws and regulations to improve the retail operating environment. FEDS complies with these regulations to ensure stable operations.
Society
(Media / Community)
Fostering close community relations, caring for society, and promoting communication, FEDS strives to minimize negative impacts on society and the environment during operations, fulfilling its role as a responsible corporate citizen.
Communication with Stakeholders

| Operating in line with consumers’ wishes, FEDS provides quality services and a reassuring consumption environment through diverse communication channels, collecting customer opinions and continuously improving to enhance customer satisfaction and trust. | 【Regular】
【Irregular】
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| Establish smooth and diverse internal communication channels, build a safe, healthy, and supportive workplace environment, listen to employee opinions, promote labor-management mutual trust, and grow together with employees. | 【Regular】
【Irregular】
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| Build mutually trusting and mutually beneficial partnerships, advance sustainable supply chain management, jointly enhance product and service quality with business partners, respond to customer needs, and create long-term value for shared good. | 【Regular】
【Irregular】
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| Through steady financial performance, transparent information disclosure, and integrated ESG management, respond to the material topics of concern to investors, strengthen capital market trust, and enhance long-term investment value. | 【Regular】
【Irregular】
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| Proactively comply with relevant regulatory and policy requirements, strengthen corporate governance and internal control systems, and ensure that corporate operations are lawful, transparent, and resilient. | 【Irregular】
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| Through proactive communication, information transparency, and community participation, respond to social concerns and media oversight, and expand the company’s positive social influence. | 【Irregular】
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Communication with Stakeholders
In line with the service spirit of the retail industry, FEDS adheres to the AA1000 Stakeholder Engagement Standard, establishing communication strategies and maintaining good communication with stakeholders through various channels to understand their needs. FEDS also addresses significant issues of concern to stakeholders promptly, developing management plans and action strategies accordingly to meet stakeholders’ needs and expectations.

| Stakeholders | Material Topics of Concern | Communication Strategy | Channels and Frequency of Communication | Corresponding Chapters | Communication Achievements |
| Consumers |
| We operate with the wishes of consumers in mind to provide quality services, improve customer satisfaction, and create a good sustainable life. | 【Regular】
【Irregular】
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| Employees |
| We establish smooth communication channels and create a healthy and happy workplace where employees can work with peace of mind and grow together with the Company. | 【Regular】
【Irregular】
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| Business partners (Counter vendors / Suppliers) |
| We create the best partnership and provide high-quality products and services through sustainable supply chain to meet customer needs and enrich the consumer experience. | 【Regular】
【Irregular】
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| Shareholders / Financial Institutions |
| We deliver excellent profitability performance and fulfill our corporate social responsibility to achieve sustainable management. | 【Regular】
【Irregular】
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| Government |
| We comply with laws and regulations and strengthen corporate governance to ensure stable operations of the Company. | 【Irregular】
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| Society (Media / Community) |
| We communicate and give back to stakeholders to establish and exert a positive social influence. | 【Irregular】
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