FFHC — Interim / Quarterly Report 2021

Nov 30, 2021

==> picture [720 x 7] intentionally omitted <==

==> picture [375 x 44] intentionally omitted <==

First Financial Holding 20213Q Earnings Result

November 30, 2021, Taipei

==> picture [720 x 275] intentionally omitted <==

==> picture [181 x 31] intentionally omitted <==

Disclaimer

This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). The information contained within is not reviewed or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter.

Users should also notice that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance are forward-looking statements. By their nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive conditions, technological developments, general economic conditions and management changes.

The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation respect to such securities or other financial instruments. First Group and all its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document.

2

==> picture [181 x 31] intentionally omitted <==

Contents

• At a Glance

• Financial Highlight

• Operating Results

• Appendix

3

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

At a Glance

==> picture [720 x 27] intentionally omitted <==

==> picture [181 x 31] intentionally omitted <==

Bottomline Improved on Robust Core Earnings

 A Smooth Pace in 3Q21 as Market-Driven Income Varied:

FFHC delivered 3Q21 earnings totaled NT$16,521 mn(+23.5%,YoY) thanks to group’s diversified revenue streams, which helped boost bottom-line to doubledigit growth for 3Q21.

• FB’s Loan book grew by +7.9% (YoY), demand from corporates continued whereas mortgage softened in 3Q21:

Large Corp. and SME both booked double-digit growth, similar to post-2008 financial crisis, while mortgage slowed down reflecting renewed capital gain tax on property in 2H21.

 Non-Bank subsidiaries maintained at 12% profit contribution till 3Q21:

Broker & Life, though softened in 3Q21, representing 12% profit contribution of FFHC’s profits.

 Macro Moves Toward Another Normalized-Rate Cycle:

Inflation fear arose in the resurgence of oilprice, tapering bond purchase or rate-hiking is expected in the coming year, bringing global macro. into another cycle.

5

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

3Q21 Financial Highlight

==> picture [720 x 27] intentionally omitted <==

==> picture [181 x 31] intentionally omitted <==

3Q21 Key Figures

Banking NT$14,779; 89.5% Securities NT$1,192;7.2% Investment Trust NT80; 0.5 % Others NT$(215); -1.3 Insurance NT$577; 3.5% 3Q21 Net Income Breakdown1 ( in NT$ mn) AMC NT$108; 0~~.~~

% Key Figures( in NT$ dollar, NT$ mn, mn shares or %) Consolidated Net Income1 Comprehensive Income Total Assets EPS Book per share Capital Stock ROAE 3 ROAA 3 Group CAR4 Double Leverage5 ~~6%~~ 3Q21 16,5211 13,401 3,625,8912 1.27 17.21 129,642 9.92% 0.61% 125.18% 107.41% YoY % 23.5% 38.4% 7.7% 23.3% 2.1% 1.0% 21.1% 10.9% 3.2% 1.2% 3Q20 13,3781 9,686 3,366,2792 1.03 16.85 128,358 8.19% 0.55% 121.27% 106.22%

1. Based on the classification of specific company’s business units, financial information by business segments should be listed individually.

2. Adjusted proactively due to net receivables/payables offset.

3. Annualized figures. . 4. Updated semi-annually.

4. Double Leverage = Equity Investment / Shareholder Equity

7

==> picture [181 x 31] intentionally omitted <==

Net Income & Comprehensive Income

==> picture [628 x 425] intentionally omitted <==

----- Start of picture text -----

3Q21 Consolidated Net Income & Comprehensive Income (in NT$ mn)
↑ 9.2%
47,397 (1,861) (7,220)
(18,852)
↑ 23.5%
(2,943)
16,521
13,401
Net Revenue Credit Charge Insurance Operating Income Tax Net Income Comprehensive
Reserves Expense Income
3Q20 Consolidated Net Income & Comprehensive Income (in NT$ mn)
43,408 (3,485)
(6,555)
(17,759)
(2,232)
13,378
9,686
Net Revenue Credit Charge Insurance Operating Income Tax Net Income Comprehensive
Reserves Expense Income
----- End of picture text -----

8

==> picture [181 x 31] intentionally omitted <==

Net Income Breakdown by Subsidiaries*

==> picture [628 x 397] intentionally omitted <==

----- Start of picture text -----

3Q21 FFHC Net Income Breakdown (in NT$ mn)
↑ 23.5%
↑17 .2%
16,521
14,779
↑ 179.8%
↑ 32.6%
1,192 80 577 108
First Bank First Securities FSITC First Life AMC FFHC
3Q20 FFHC Net Income Breakdown (in NT$ mn)
13,378
12,605
426 46 435 91
First Bank First Securities FSITC First Life AMC FFHC
----- End of picture text -----

• Major 5 subsidiaries were listed.

9

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

3Q21 Operating Results

==> picture [720 x 27] intentionally omitted <==

==> picture [181 x 31] intentionally omitted <==

FFHC & First Bank Profitability -After Tax

==> picture [628 x 400] intentionally omitted <==

----- Start of picture text -----

FFHC Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
9.73% 9.11% 8.12% 8.19% 7.62% 9.04% 9.70% 9.92%
5.40%
19,369
15,377 16,808 16,521
13,378
10,913
8,764
5,029
2,938
9M19 2019 3M20 6M20 9M20 2020 3M21 6M21 9M21
First Bank Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
9.55% 8.97% 6.08% 7.88% 7.75% 7.16% 7.96% 8.70% 8.92%
19,035
15,043 15,683 14,779
12,605
9,491
8,483
4,402
3,316
9M19 2019 3M20 6M20 9M20 2020 1Q21 2Q21 3Q21
----- End of picture text -----

11

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Pre-tax Profit

	3Q21 Cumulative Net Revenue(in NT$ mn or %)	3Q21 Cumulative Net Revenue(in NT$ mn or %)	3Q21 Cumulative Net Revenue(in NT$ mn or %)	3Q21 Cumulative Net Revenue(in NT$ mn or %)	3Q21 Cumulative Net Revenue(in NT$ mn or %)	3Q21 Cumulative Net Revenue(in NT$ mn or %)
		Cumulative Net Revenue +5.1% 33,480 35,178 3Q20 3Q21
				Item 3Q20	3Q21	Change
				NII 62.8%	66.9%	+4.1%
				Net Fee 16.2%	16.4%	+0.2%
				Gain on ST Invest. 1.9%	2.8%	+0.9%
				Gain on LT invest. 2.2%	1.9%	-0.3%
				Gain on fin. Products 16.8%	10.7%	-6.1%
				Others 0.1%	1.2%	+1.1%
				z Total Revenue 100.0%	100.0%
				Provision Expense (net) -10.2%	-5.2%	-5.0%
				Operating Expense -45.7%	-45.3%	-0.4%
	FB Revenue/Expense Comparison(in NT$ mn )			Income Before Tax 44.1%	49.5%	+5.4%

1. Gross Provision expense.

12

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Loan Book Mix

		3Q21	Loan Book1	Loan Book1	Loan Book1	(in NT$	bn or %)	bn or %)		% of Loan Book1	% of Loan Book1	% of Loan Book1
											Item		3Q20			3Q21		Change
											Consumer		29.1%			28.5%		-0.6%
							2,028.6				Mortgage		26.2%			25.0%		-1.2%
											Other Consumer Loan			2.9%			3.5%	+0.6%
											Corporate Banking		70.9%			71.5%		+0.6%
			1,880.3			+7.9%					Large Corp. Loan			7.9%			8.3%	+0.4%
											SME Loan2		40.3%			41.8%		+1.5%
											F/X/ Loan		20.2%			19.6%		-0.6%
			3Q20				3Q21				--- Overseas		13.1%			11.6%		-1.5%
					Loan Book1						Gov./ SOE Loan			2.5%			1.8%	-0.7%
											Loan Book1		100.0%		100.0%
		**3Q21 Loan Book1 **				Breakdown (in NT$ bn )					848.4	↑11.9%
									758.0
			↑2.7%									F/X↑4.8%
			493.0	506.4
							↑13.6%					379.6	398.0	Overseas↓		4.1%
								168.7
							148.5					Overseas	Overseas	101.2			107.1
												246.0	235.8					other consumer
																		loan 70.2 bn
			3Q20	3Q21			3Q20	3Q21	3Q20		3Q21	3Q20	3Q21	3Q20			3Q21
			Mortgage			Large Corp. Loan			SME Loan2			F/X	Loan				Others3

1. Loan Book does not include NALs

2. SME as defined by the “Act for Development of Small & Medium Enterprises; both NTD & Foreign currency loan included

3. Others included other consumer loan and Gov./SOE loan.

13

==> picture [181 x 31] intentionally omitted <==

FB Loan Breakdown

-QoQ Comparison

	101.2 93.8 133.6 154.5 107.1 379.6 374.2 381.9 379.2 398.0 148.5 155.4 146.3 154.3 168.7 758.0 791.0 793.6 818.2 848.4 493.0 495.8 492.5 500.3 506.4 3Q20 4Q20 1Q21 2Q21 3Q21 FB Loan Growth (in NT$ bn) 1,880.3 1,910.2 1,947.9 2,006.5 2,028.6 QoQ% ↑1.1% Mortgage↑1.2% SME↑3.7% Large Corp.↑9.3% F/X↑5.0%
SME Mortgage F/X loan Total loan Large Corp. Others	101.2 93.8 133.6 154.5 107.1 379.6 374.2 381.9 379.2 398.0 148.5 155.4 146.3 154.3 168.7 758.0 791.0 793.6 818.2 848.4 493.0 495.8 492.5 500.3 506.4 3Q20 4Q20 1Q21 2Q21 3Q21 1,880.3 1,910.2 1,947.9 2,006.5 2,028.6 QoQ% ↑1.1% Mortgage↑1.2% SME↑3.7% Large Corp.↑9.3% F/X↑5.0%

14

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 LDR, SPREAD &NIM

==> picture [671 x 391] intentionally omitted <==

----- Start of picture text -----

Total Loan & LDR (in NT$ bn or % ) Total Loan [1] LDR
76.56%
74.29% 74.04% 73.14%
71.04% 70.76% 71.89% 71.66% NTD 79.6%
F/X 50.6%
1,772.9 1,806.2 1,840.8 1,884.6 1,914.4 1,952.1 2,010.5 2,032.5
2019 1Q20 2Q20 3Q20 2020 1Q21 2Q21 3Q21
△
Loan-Deposit Spread / NIM ( in % ) Spread [2] NIM [2]
1.59%
1.51%
1.44%
1.41% 1.40% 1.39% 1.40% 1.40%
1.06%
1.01% 0.99% 0.99% 1.00% 0.98% 0.99% 1.00%
2019 1Q20 2Q20 3Q20 2020 1Q21 2Q21 3Q21
----- End of picture text -----

1. Total Loan = loan + import/export negotiation + NALs

2. Annual cumulative Average Spread and NIM

15

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Loan Yields

==> picture [628 x 392] intentionally omitted <==

----- Start of picture text -----

FB NTD Yields & Costs Overview ( in % ) Deposit Rate (NTD) Lending Rate (NTD)
Interest Spread (NTD)
1.27%
1.25% 1.25%
1.24%
1.22%
1.53% 1.55% 1.53% 1.51% 1.53%
0.31% 0.30% 0.28% 0.27% 0.26%
3Q20 4Q20 1Q21 2Q21 3Q21
FB FX Yields & Costs Overview ( in % ) Deposit Rate (FX) Lending Rate (FX)
Interest Spread (FX)
2.07%
2.01%
1.98%
1.93% 1.92%
2.57%
2.40% 2.36% 2.38% 2.29%
0.64%
0.48% 0.38% 0.31% 0.28%
3Q20 4Q20 1Q21 2Q21 3Q21
----- End of picture text -----

• All rates are QUARTERLY* average rates.

16

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Deposit Mix

==> picture [628 x 390] intentionally omitted <==

----- Start of picture text -----

FB Deposit Structure (in NT$ bn ) FB Deposit CASA Rate (in %)
NTD Deposit F/X deposit
NTD CASA rate
787.3
635.5 +23.9%
71.56% 72.05%
69.13%
67.42%
△
3Q21 Total
Deposit
$2,836.4 bn
+10.1% YoY
+5.6%
2,049.1
1,941.2
1H20 2020 1H21 3Q21
3Q20 3Q21
----- End of picture text -----

17

==> picture [181 x 31] intentionally omitted <==

Major Exposures to Specific Industries

==> picture [648 x 391] intentionally omitted <==

----- Start of picture text -----

End of 3Q21 - % of Loan to Industries
Non-Manufacturing (75.41%)
Total Loan Bal. [1] : NT$2,172.5bn
Manufacturing (24.59%) Hotel& Restaurant 2.10%
4.21% Petro. Construction 3.12%
Wholesale/Retail 10.70%
6.06% Metal
Real Estate 11.02%
4.96% Tech.
Transportation &
3.34%
Warehousing
4.11% Machinery
Banking & Insurance 4.94%
Other Others(mortgage
5.25% 40.19%
included)
Manufacturing
----- End of picture text -----

1. Total exposures does not includes NALs and investment.

18

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Mortgage Book

==> picture [666 x 390] intentionally omitted <==

----- Start of picture text -----

Mortgage Yield & LTV Ratio (in %) Mortgage by Location (in %)
Mortgage NPL: 0.12% (3Q21)
Loan-to-value ratio of new mortgage 45% TPE Metro.
Avg. loan-to-value ratio Mortgage Yield
East Area
4%
1.35% 1.46% 1.46% 1.46% 1.45%
9%
64.90% 64.87% 64.82% 64.80% 64.74%
Kaohsiung
45.96% 45.96% 45.66% 45.74% 45.74%
10% 20%
Tainan Taoyuan,
3Q20 2020 1Q21 2Q21 3Q21
Hsinchu,
Taichung 12% Mioli
Monthly New Mortgage Lending↑4.3% (in NT$mn) Monthly New Mortgage Lending
27,801 QoQ ↓ 9.6%
25,721 25,132
10,708
9,945
8,092 8,571 9,058 7,802 7,312 6,924 6,530 7,148 8,223 7,963 8,946
5,601
4,529
7M20 8M20 9M20 10M20 11M20 12M20 1M21 2M21 3M21 4M21 5M21 6M21 7M21 8M21 9M21
----- End of picture text -----

19

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Fee Income Breakdown

==> picture [628 x 392] intentionally omitted <==

----- Start of picture text -----

3Q21 Cumulative Net Fee Income (in NT$ mn or %) % of Cumulative Net Fee
Item 3Q20 3Q21 Change
5,776 WM [1 ] 54.6% 55.6% +1.0%
5,428 Loan-related 21.8% 21.7% -0.1%
F/X 9.8% 9.4% -0.4%
+6.4%
Credit Card 4.0% 4.2% +0.2%
Other [2] 9.8% 9.1% -0.7%
3Q20 3Q21
Net Fee Income Cumulative Net Fee 100.0% 100.0%
3Q21 Cumulative Net Fee Breakdown ( in NT$ mn )
↑ 8.4%
3,214
2,964
↑ 6.1%
1,181 1,253
↑ 9.6%
530 545 534 524
219 240
3Q20 3Q21 3Q20 3Q21 3Q20 3Q21 3Q20 3Q21 3Q20 3Q21
WM Fee [1] Loan-related F/X Credit Card Other [2]
----- End of picture text -----

1. WM Fee = Custodian Fee + Trust-related Fee + Bancassurance Fee

2. Other represents network service fee, including overseas branches

20

==> picture [181 x 31] intentionally omitted <==

FB Fee Income Breakdown

-QoQ Comparison

Wealt MGT.*	Fee Income (in NT$ mn)
	1,790 1,900 1,808 1,964 2,004 196 326 287 424 395 114 118 122 125 126 409 411 362 430 460 178 184 189 182 85 102 78 72 90 200 195 169 171 185 564 608 566 553 615 175 3Q20 4Q20 1Q21 2Q21 3Q21 Loan Related Credit Card F/X Related Quarterly fee income Others * Mutual Fund Custodian h Bancassurance ↑2.0 Banca. ↓6.8% Mutual Fund ↑2.4% QoQ QoQ**

• Wealth Management Fee = Fund sales + Bancassurance + Custodian

*Other represents network service fee, including overseas branches

21

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Cost-to-Income Ratio

	15,293 15,939 3Q20 3Q21 Operating Expense Cumulative Operating Expense(in NT$ mn ) +4.2%	Item 3Q20 3Q21 Net Revenue 33,480 35,178 Operating Expense (15,293) (15,939) Provision(Net) (3,418) (1,819) Income Tax (2,165) (2,641) Net Income 12,605 14,779 Cost-to-Income Ratio Analysis( in NT$ mn)
3Q21
Quarterly Operating Expense & Cumulated Cost-to-Income Ratio ( in NT$ mn or % ) Operating Expense Cumulated Cost-to-Income Ratio Net Revenue 12,434 11,262 10,654 11,302 11,594 12,282 5,072 5,394 6,058 5,094 5,293 5,552 2Q20 3Q20 2020 1Q21 2Q21 3Q21 44.55% 45.68% 48.38% 45.07% 45.37% 45.31%

22

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Asset Quality

==> picture [628 x 397] intentionally omitted <==

----- Start of picture text -----

NPL Amount, Reserve, Coverage (in NT$ mn or % ) Coverage Ratio NPL Ratio NPL NPL Reserve
595.90% 601.74%
525.79% 515.07% 527.32% 527.30%
404.20%
0.29%
0.23% 0.24% 0.23%
0.20% 0.21%
0.23%
21,408 21,512 21,927 23,728 23,907 24,381 25,086
4,072 5,322 4,257 4,500 4,534 4,092 4,169
3M20 6M20 9M20 2020 3M21 6M21 9M21
1
Individual & Mortgage NPL Ratios (in %) Large Corp. & SME NPL Ratios (in %)
Individual
Large Corp.
Mortgage
SME
0.35% 0.35% 0.35% 0.33%
0.25%
0.21% 0.20% 0.18% 0.17%
0.14%
0.29% 0.28% 0.27% 0.25%
0.19%
0.16%
0.15% 0.13% 0.12% 0.12%
3Q20 4Q20 1Q21 2Q21 3Q21 3Q20 4Q20 1Q21 2Q21 3Q21
----- End of picture text -----

1. Individual: mortgage and non-mortgage loan included

23

==> picture [181 x 31] intentionally omitted <==

FB 3Q21 Overseas Profits

==> picture [673 x 425] intentionally omitted <==

----- Start of picture text -----

3Q21 FB Overseas Pre-Tax Profit Mix ( in NT$ mn or %) 3Q21 FB Total Pre-Tax Profit Mix ( in NT$ mn or %)
17.32% Total Pre-Tax
Profit
54.85%
Taiwan Domestic Market; $17,420 mn
OBU/Greater China 64.4%
3Q21
North America
Overseas
20.27% Asean
$6,207 mn
Others
Other Overseas ; Greater China (including OBU) ;
7.56% 16.1% 19.5%
Quarterly Overseas & Total PTP (in NT$ mn or %)
Overseas Total Cumulative Overseas PTP to FB Total PTP
45.76% 40.50% 43.64%
34.74% 35.63%
26.78%
6,042 5,998 6,075
5,347
4,744
3,585
3,175
2,032 2,509 2,266
1,402 1,432
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
----- End of picture text -----

24

==> picture [181 x 31] intentionally omitted <==

CAR & Core Capital

==> picture [628 x 397] intentionally omitted <==

----- Start of picture text -----

FFHC Group CAR (in %)
CAR
135.13%
131.70%
123.18% 125.21% 125.18%
120.82% 118.70%
statutory CAR 100%
FB CAR & Core Capital (in %)
13.57% 13.22% 13.00% 13.43% 13.63% 14.14% 13.87% CAR
Tier 1
12.28% 12.07%
11.58% 11.22% 11.11% 11.44% 11.66%
2H18 1H19 2H19 1H20 2H20 1H21 3Q21
2H18 1H19 2H19 1H20 2H20 1H21 3Q21
----- End of picture text -----

•New LTV method adopted from June, 30 2021, which mainly linked to Mortgage and ADC RWA calculations.

25

==> picture [720 x 7] intentionally omitted <==

==> picture [45 x 43] intentionally omitted <==

Appendix

==> picture [720 x 27] intentionally omitted <==

==> picture [181 x 31] intentionally omitted <==

FFHC Consolidated Statement of Comprehensive Income

FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)

		FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)
		Year-over-Year Comparison
		2017 2018 2019 2020 3Q20		3Q21	Change
		Net interest income 29,993 30,268 29,604 30,483 22,463 Net service fee & commission 8,341 8,526 8,676 8,853 6,503 Net Insurance revenue 5,130 11,733 11,729 10,992 6,787 Gain on financial assets meas. 5,550 4,880 9,072 5,928 4,297 at fair value through P/L Real estate investment gain 93 117 138 211 104 Gain on AFS financial assets 1,052 0 0 0 0		25,241 7,710 7,423 2,342 134 0	12.4% 18.6% 9.4% -45.5% 28.8% -- 29.5% -31.5% -115.6% -- 98.0% -237.9% 372.8% 9.2% -46.6% 10.1% 6.2% 24.7% 31.9% 23.5% -15.5% 38.4% 23.5% - 38.4% - 23.3%
		Gain on financial assets at fair value through other compre. income 0 1,566 1,505 2,673 2,405		3,115
		Income from equity invest. 138 110 125 137 108		74
		Excluding gain on fin. assets measuredat amort.c 0 22 40 63 64		(10)
		Reserve of overlay approach	0 0 (22) 39 193	29
		Net gain on F/X Assets impairment loss Others Net Revenue Net Provision for credit losses Recovered(provided) for insurance res. Operating Expense Income from continued op. before tax Income tax expenses Consolidated net income	(170) 2,499 1,147 243 410 (46) (90) (18) (42) (29) 746 618 322 (12) 103 50,827 60,249 62,318 59,568 43,408 (6,772) (5,486) (3,852) (4,511) (3,485) (4,560) (11,153) (11,256) (10,707) (6,555) (21,347) (22,906) (23,901) (24,730) (17,759) 18,148 20,703 23,309 19,620 15,610 (2,716) (3,370) (3,940) (2,812) (2,232) 15,432 17,332 19,369 16,808 13,378	812 40 487 47,397 (1,861) (7,220) (18,852) 19,464 (2,943) 16,521
		Other Items Comprehensive Income	(1,038) 417 7,399 (2,248) (3,692) 14,394 17,749 26,768 14,559 9,686	(3,120) 13,401
		Net Income attributed to: Parent Minorityinterests	15,483 17,332 19,369 16,808 13,378 (51) 0 0 0 0	16,521 0
		Comprehensive Income attributed to: Parent Minorityinterests	14,380 17,749 26,768 14,559 9,686 14 0 0 0 0	13,401 0
		EPS1(NT$)
			1.24 1.35 1.51 1.31 1.03	1.27

27

==> picture [181 x 31] intentionally omitted <==

FFHC Non-consolidated Income Statement

FFHC Standalone Income Statement Summary in NT$ million, NT$, or %

	FFH	C Standalone Income Statement Summary	C Standalone Income Statement Summary	C Standalone Income Statement Summary	C Standalone Income Statement Summary	C Standalone Income Statement Summary
i	n N	T$ million, NT$, or %
I I I	Oper Inc Oth Tot Loss Oper Other ncom ncom ncom Net in EPS2	2017 2018 2019 2020 ating revenues ome from long-term investment 15,693 17,904 19,835 17,146 er income1 246 227 190 187 al revenues 15,939 18,131 20,025 17,333 from long-term investment (53) (321) 0 0 ating expenses (334) (356) (389) (378) expenses and losses (118) (110) (202) (201) e from continued op. before tax 15,434 17,344 19,434 16,753 e from continued op. after tax 15,483 17,332 19,369 16,808 e from discontinued op., net of tax 0 0 0 0 come 15,483 17,332 19,369 16,808 (NT$) 1.24 1.35 1.51 1.31 Full Year Results		Year-over-Year Comparison
				3Q20	3Q21	Change
				13,607 185 13,792 (31) (283) (155) 13,324 13,378 0 13,378 1.03	16,806 167 16,973 0 (309) (135) 16,529 16,521 0 16,521 1.27	23.5% -9.7% 23.1% - 9.2% -12.9% 24.1% 23.5% -- 23.5% 23.3%
	1. Inc

1. Including income other than long-term investment

2. EPS is adjusted retroactively for stock dividends

28

==> picture [181 x 31] intentionally omitted <==

FFHC Balance Sheet

FFHC Balance Sheet Summary in NT$ million or million shares

==> picture [588 x 347] intentionally omitted <==

----- Start of picture text -----

Full Years Result Year-over-Year Comparison
2017 2018 2019 2020 3Q20 3Q21 Change
Non-consolidated Balance Sheet Data
Long-term investment 205,970 217,409 232,876 234,703 229,780 239,582 4.3%
Total non-consolidated assets 208,951 224,661 241,223 243,926 238,322 246,953 3.6%
Total liabilities 17,168 19,358 21,490 22,719 21,989 23,897 8.7%
Total shareholders' equity 191,783 205,303 219,733 221,207 216,333 223,056 3.1%
Conolidated Balance Sheet Data
Total consolidated assets 2,634,059 2,935,204 3,206,767 3,550,504 3,366,279 3,625,891 7.7%
Total liabilities 2,442,008 2,729,901 2,987,034 3,329,297 3,149,945 3,402,835 8.0%
Total shareholders' equity 192,051 205,303 219,733 221,207 216,333 223,056 3.1%
Parent's shareholders' equity 191,783 205,303 219,733 221,207 216,333 223,056 3.1%
Minority interests 268 0 0 0 0 0 --
Current shares outstanding 122,164 123,386 124,619 128,358 128,358 124,619 -2.9%
----- End of picture text -----**

*figures may not match due to rounding

29

==> picture [181 x 31] intentionally omitted <==

FFHC Key Ratios

FFHC Key Ratios

					2017 2018 2019 2020 3Q20 3Q21 Change 0.60% 0.62% 0.63% 0.50% 0.55% 0.61% 10.9% 8.04% 8.58% 9.11% 7.62% 8.19% 9.92% 21.1% 15.70 16.64 17.63 17.23 16.85 17.21 2.1% 122,164 123,386 124,619 128,358 128,358 124,619 -2.9% 107.40% 105.90% 105.98% 106.10% 106.22% 107.41% 1.1% 131.31% 131.70% 118.70% 125.21% 121.27% 125.18% 3.2% 8.24% 8.62% 8.91% 9.31% 9.23% 9.68% 4.9% Year-over-Year Comparison Full Year Results
						3Q20	3Q21	Change
	Aft Aft Bo Ca Do Gr De	e e o p u o b	r- r- k it b u t	tax ROAA (Annualized ratio) tax ROAE (Annualized ratio) Per Share al Stock le leverage1 p CAR2 Ratio3		0.55% 8.19% 16.85 128,358 106.22% 121.27% 9.23%	0.61% 9.92% 17.21 124,619 107.41% 125.18% 9.68%	10.9% 21.1% 2.1% -2.9% 1.1% 3.2% 4.9%
	A

1. Double leverage ratio = Long-term investment / Equity

2. Updated semi-annually.

3. Unconsolidated basis

30

==> picture [181 x 31] intentionally omitted <==

FB Income Statement

FB Comprehensive Income Statement Summary(Standalone) in NT$ million or %

			FB Income Statement
			bject to final Reviewed FB Comprehensive Income Statement Summary(Standalone) in NT$ million or % 2017 2018 2019 2020 3Q20 3Q21 Change Net interest income 28,843 28,669 27,832 28,534 21,032 23,536 11.9% Net fee income 7,457 7,563 7,858 7,328 5,428 5,776 6.4% Net gain on ST invest. 398 98 515 655 632 993 57.1% Net gain on LT invest. 719 834 903 826 748 681 -9.0% Net gain on other fin. products 5,256 8,396 9,932 6,710 5,610 3,778 -32.7% Other net income 241 462 273 81 30 414 1280.0% Net revenue 42,914 46,022 47,313 44,134 33,480 35,178 5.1% Operating expenses (18,466) (19,863) (20,834) (21,350) (15,292) (15,939) 4.2% Pre-provisiion pre-tax profit 24,448 26,159 26,479 22,785 18,188 19,239 5.8% Provision expense (9,621) (8,480) (6,655) (7,900) (5,926) (4,320) -27.1% Adjustment: bad-debt recovery 2,782 3,017 2,898 3,471 2,508 2,501 -0.3% Income before tax 17,609 20,696 22,722 18,356 14,770 17,420 17.9% Income tax (2,467) (3,134) (3,688) (2,673) (2,165) (2,641) 22.0% Net income 15,142 17,562 19,035 15,683 12,605 14,779 17.2% Other items (1,214) 503 6,450 (1,974) (3,055) (2,614) -14.4% Comprehensive income 13,928 18,065 25,485 13,709 9,550 12,164 27.4% EPS 1.70 1.97 2.14 1.76 1.39 1.63 0.17 Year-over-Year Comparison Full Year Results

31

==> picture [181 x 31] intentionally omitted <==

FB Key Ratios

					FB Key Ratios	FB Key Ratios	FB Key Ratios	FB Key Ratios
				FB Key Ratios
					Year-over-Year Comparison Full Year Results
					~~2017~~ ~~2018~~ ~~2019~~ ~~2020~~ ~~3Q20~~ 1.65% 1.64% 1.59% 1.40% 1.41% 1.26% 1.18% 1.06% 1.00% 0.99% 43.03% 43.19% 44.02% 48.38% 45.68% 79.28% 78.71% 74.29% 71.04% 73.14% 0.38% 0.32% 0.24% 0.24% 0.23% 0.46% 0.34% 0.28% 0.24% 0.25% 0.05% 0.23% 0.08% 0.20% 0.12% 1.38% 1.25% 1.27% 1.26% 1.19% 358.56% 389.64% 527.52% 527.32% 515.07%	~~3Q21~~	~~Change~~ -0.71% 1.01% -0.81% -2.02% -8.70% -24.00% 125.00% 5.04% 16.83%
				Loan to deposit spread Net Interest Margin Cost to income ratio3 Loan to deposit ratio1 NPL ratio Domestic NPL ratio Overseas NPL ratio LLR ratio (excluding gov. loan) Coverage ratio		1.40% 1.00% 45.31% 71.66% 0.21% 0.19% 0.27% 1.25% 601.74%
				CAR Tier-1	13.42% 13.57% 13.00% 13.63% 13.17% 11.25% 11.58% 11.11% 11.66% 11.22%	13.87% 12.07%	5.32% 7.58%
				ROAA2 ROAE2 1. Loan to depoist ratio = total loan / 2. Annualized figures.	0.60% 0.65% 0.64% 0.48% 0.53% 7.91% 8.71% 8.97% 7.16% 7.75% total deposit	0.57% 8.92%

32

==> picture [181 x 31] intentionally omitted <==

FB Loan Quality

FB NPL Migration in NT$ million or %

		FB NPL Migration in NT$ million or % 2019 2020 Q1 Q2 Q3 3Q20 3Q21 Change NPL- beginning 5,449 4,249 4,500 4,534 4,092 4,249 4,500 5.9% Net new NPL influx 4,132 6,408 1,404 177 565 6,145 2,146 -65.1% Domestic 3,210 4,866 162 462 82 4,863 706 -85.5% Overseas 922 1,542 1,242 (285) 483 1,282 1,440 12.3% Net write-offs (5,332) (6,157) (1,370) (619) (488) (6,137) (2,477) -59.6% NPL- ending balance 4,249 4,500 4,534 4,092 4,169 4,257 4,169 -2.1% Allowance for loan loss- beginning 21,229 22,414 23,728 23,907 24,381 22,414 23,728 7.3% Provisions for loan loss 6,439 7,666 1,483 1,162 1,228 5,792 3,873 -33.1% Net write-offs (5,332) (6,157) (1,370) (619) (488) (6,137) (2,477) -59.6% Others 78 (195) 66 (69) (35) (142) (38) -73.2% Allowance for loan loss- ending 22,414 23,728 23,907 24,381 25,086 21,927 25,086 14.4% Recovery from bad debt 2,897 3,471 691 1,148 662 2,508 2,501 -0.3% Domestic 2,684 3,414 669 1,067 647 2,467 2,383 -3.4% Overseas 164 8 10 72 4 4 86 2050.0% Credit card 49 49 12 9 11 37 32 -13.5% 1. Non-consolidated basis Year-over-Year Comparison 2021 Quarterly Full Year Results

1. Non-consolidated basis

33

==> picture [181 x 31] intentionally omitted <==

First Sec. Operating Report

First Sec Income Statement Summary

in NT$ million or %

34

==> picture [181 x 31] intentionally omitted <==

FSITC Operating Report

FSITC Income Statement Summary in NT$ million or %

	2017 2018 2019 2020 3Q20 3Q21 Change Year-over-Year Comparison Full Yeart Results	2017 2018 2019 2020 3Q20 3Q21 Change Year-over-Year Comparison Full Yeart Results	2017 2018 2019 2020 3Q20 3Q21 Change Year-over-Year Comparison Full Yeart Results	2017 2018 2019 2020 3Q20 3Q21 Change Year-over-Year Comparison Full Yeart Results
			3Q21	Change
Total operating income
Management fee 501 640 615 584 416 Sales service fee 7 13 28 33 27 Total operating income 508 653 643 617 443 Operating expenses (440) (540) (559) (532) (390) Non-operating income 15 12 21 8 4 Income before tax 82 125 105 93 57 Income tax (12) (24) (19) (18) (11) Income after tax 70 101 86 76 46 Cummulative effect of change in accounting principles 0 0 0 0 0			496 20 516 (426) 9 99 (19) 80 0	19.2% -25.9% 16.5% 9.2% 125.0% 73.7% 72.7% 73.9% #DIV/0!
Net income 70 101 86 76 46			80	73.9%
y FSITC Key Ratios
AUM 101,095 85,558 105,042 108,605 112,717 AUM Ranking 8 9 10 11 11			106,942	-5.1%
			12

35

First Life Operating Report

==> picture [181 x 31] intentionally omitted <==

~~First Life Financial Results Summary~~ in NT$ million or %

==> picture [513 x 345] intentionally omitted <==

----- Start of picture text -----

Full Year Result Year-over-Year Comparison
2017 2018 2019 2020 3Q20 3Q21 Change
Income Statement Summary
Operating Revenue 13,298 13,506 14,435 14,865 9,718 11,049 13.7%
Premium Income 11,684 12,698 13,193 13,330 8,529 9,522 11.6%
Other insurance income 277 312 272 256 192 191 -0.5%
Net Investment Income 1,337 496 970 1,279 997 1,336 34.0%
Operating Cost 12,861 13,022 13,565 13,743 8,814 9,932 12.7%
Reinsurance commission 40 49 59 68 50 58 16.0%
Reserves 4,566 11,192 11,304 10,745 6,589 7,242 9.9%
Claims 7,419 851 1,329 2,210 1,643 2,005 22.0%
Commission 711 930 873 720 532 627 17.9%
Others 125 0 0 0 0 0 --
Operating Expenses (566) (638) (655) (730) (535) (547) 2.2%
Profit/Loss of Operation (129) (154) 215 392 369 570 54.5%
Non-Operating Profit 0 0 0 0 0 0 --
Profit/Loss Before Tax (129) (154) 215 392 369 570 54.5%
Income tax 26 13 29 94 66 7 -89.4%
Net Income after tax (103) (141) 244 485 435 577 32.6%
Key Ratios
ROAE(Annualized ratio) -19.39% -13.46% 10.44% 14.02% 17.53% 17.95% 2.4%
ROAA(Annualized ratio) -0.30% -0.34% 0.47% 0.76% 0.95% 1.07% 12.6%
----- End of picture text -----

• FFHC claims 51% of First-Aviva operating results in 2017.

36

==> picture [181 x 31] intentionally omitted <==

Q&A