TSE: 2855

PRESIDENT SECURITIES CORP.

2026 General Shareholders' Meeting Meeting Agenda

Physical shareholders' meeting
May 27, 2026 at 9:00 a.m.
No.8, Dongxing Road, SongShan District,
Taipei City, Taiwan (R.O.C.)

Translation – In case of any discrepancy between the Chinese and English versions, the Chinese version shall prevail.

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Page

1 Meeting Agenda of 2026 General Shareholders' Meeting 3
2 Report Items 4
3 Items to be Adopted 4
4 Items for Discussion 5
5 Provisional Motions 5
6 Meeting Adjourned 5

Appendixes

I 2025 Business Report 6
II Audit Committee's Review Report 8
III 2025 Consolidated Financial Statements and Financial Statements 9
IV 2025 Earnings Distribution Proposal 35
V Comparison table of Amendments to "procedures for Acquisition and Disposal of Assets" 36
VI Articles of Incorporation of President Securities Corp. (before amendment) 41
VII Rules and Procedures of Shareholders' Meeting of President Securities Corp. 46
VIII Shareholdings of Directors 58

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1. Meeting Agenda of 2026 General Shareholders' Meeting

(1) Meeting convening method: Physical shareholders' meeting
(2) Time: May 27 (Wed.), 2026 at 9:00 a.m.
(3) Venue: No.8, Dongxing Road, SongShan District, Taipei City, Taiwan (R.O.C)
(4) Agenda for the 2026 General Shareholders' Meeting

1) Meeting called to order
2) Opening Remarks from the Chairman
3) Report Items
i. 2025 Business Report
ii. 2025 Audit Committee's Review Report
iii. 2025 Remuneration of Employees and Directors
4) Items to be Adopted
i. Adoption of the 2025 business report, consolidated financial statements and financial statements
ii. Adoption of the Proposal for the 2025 earnings distribution
5) Items for Discussion
i. Amendment to the procedures for Acquisition or Disposal of Assets.
6) Provisional Motions
7) Meeting Adjourned

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2. Report Items

(1) 2025 Business Report

Explanation: The Company’s Business Report for 2025, please see Appendix I (page 6~7)

(2) 2025 Audit Committee's Review Report

Explanation: For 2025 Audit Committee's Review Report, please see Appendix II (page 8)

(3) 2025 Remuneration of Employees and Directors

Explanation:

1) Comply with the Ordinance No. 10402413890 (June 11, 2015) and the Ordinance No. 10402427800 (October 15, 2015) issued by the Ministry of Economic Affair.

2) In accordance with Article 23 of the Company’s bylaws, the Company will distribute compensation to employees and the Directors from pre-tax profits. Where the company has pre-tax profits, the total value of funds to be distributed among employees shall not be less than 1.6% of pre-tax profits; of which no less than 1% shall be allocated to the remuneration of grassroots employees, while the total value of funds to be distributed among the Directors shall not be more than 2% of pre-tax profits. If the company has losses carried forward, compensation should only be paid to employees and Directors after funds have been set aside as reserve for such losses.

3) The proposal of 2025 Remuneration of Employees and Directors has been approved by the 9th meeting of the 6th Remuneration Committee and the 11th meeting of 13th Board of Directors. It is proposed that a total of NT$107,229,543 (2%) to be distributed to employees and NT$107,229,543 (2%) to be distributed to Directors in accordance with the allocation rules of the 2nd meeting of the 13th Board of Directors. The above mentioned compensation will be in cash.

3. Items to be Adopted

Motion 1 (proposed by the Board of Directors)

Topic: Adoption of the 2025 business report, consolidated financial statements and financial statements

Explanation:

(1) The 2025 consolidated financial statements and the financial statements have already been successfully audited by CPA Wang, Fang-Yu and CPA Kuo, Puo-Ju of PricewaterhouseCoopers Taiwan.

(2) The business report, the consolidated financial statements and the financial statements have been reviewed by the Audit Committee and approved by the eleventh Meeting of the thirteen term Board of Directors (March 2, 2026)

(3) For the business report, the consolidated financial statements and the financial statements, please see Appendix I (page 6~7) and Appendix III (page 9~34).

Result:

Motion 2 (Proposed by the Board of Directors)

Topic: Adoption of the Proposal for the 2025 earnings distribution

Explanation:

(1) The proposal for distribution of 2025 earnings is prepared in accordance with regulations and the Company’s Articles of Incorporation. Please refer to the 2025 Earnings Distribution Proposal as Appendix IV (page 35).

(2) The distributable earnings in this period are NT$3,381,650,267. This number is based on the unappropriated earnings of NT$11,613,938 at the beginning of the period, decreasing by $3,097,270 as a result of remeasurement of defined benefit plans, and increased by $8,761,084 as changes in ownership interests in subsidiaries, and increased by $4,247,320 as realized gain from investments in

equity instruments at fair value through other comprehensive income, and plus the after-tax net profit of NT$4,804,426,479 in 2025, and then setting aside legal reserve(10%), special reserve(20%). Proposed cash dividend is $3,378,984,549, which is equivalent to $2.11 per share. Upon the approval of Shareholders' Meeting, it is proposed that the Board of Directors be authorized to resolve the ex-dividend date.

(3) In the event that the shares outstanding changes, it is proposed that the Board of Directors be authorized to adjust the amount per share to be distributed to shareholders based on the number of actual shares outstanding on the record date for distribution. Dividends of less than $1 shall be transferred to the Company's Employee Benefit Council.

Result:

4. Items for Discussion

Item 1 (Proposed by the Board of Directors)

Topic : Amendment to the procedures for Acquisition or Disposal of Assets

Explanation:

(1) Revised in accordance with the Jin-Guan-Zheng-Fa Letter No. 1140383333.
(2) In accordance with the amendments to "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" issued by the FSC, dated July 24, 2025, the procedures for Acquisition and Disposal of Assets should be amended.
(3) For the comparison table of amendments to "procedures for Acquisition and Disposal of Assets", please see Appendix V (page 36~40).

Result:

5. Provisional Motions

6. Meeting Adjourned

2025 Business Report

APPENDIX I

[Macroeconomic Environment and Business Plan]

In 2025, the global financial markets continued to be influenced by major factors such as adjustments in monetary policies of key countries, shifts in U.S. policy directions, heightened geopolitical risks, and supply chain restructuring, resulting in significantly increased market volatility. Taiwan's capital market was primarily driven by the cyclical momentum of the AI industry, foreign capital flows, and exchange rate fluctuations. The Taiwan Weighted Index exhibited a volatile trend, rising by 5,928.5 points over the year to close at 28,963.60 points, representing a 25.74% increase. This reflects that despite intertwined risks and opportunities, the market still possesses structural growth potential. The Company's management team adheres to the core philosophy of "stable operations, controllable risks, and long-term value creation." In response to the ever-changing macroeconomic and financial environment, the team continuously reviews and optimizes overall operational strategies. Each business unit dynamically adjusts operational priorities according to market changes to enhance resource allocation efficiency and operational performance. At the same time, the Company continues to strengthen its overall risk management framework, utilizing real-time monitoring, quantitative analysis, and scenario testing to flexibly adjust investment and portfolio positions. By balancing risk control with capital efficiency, the Company aims to steadily generate long-term value for its shareholders.

[Implementation and Results]

In the brokerage business, the average daily trading volume in 2025 was NT$532.509 billion, slightly up 1.48% from NT$524.721 billion in 2024. Brokerage remains a long-term, stable core profit source for the Company. Guided by customer needs and user experience, the Company continuously promotes service refinement and product diversification, steadily expanding its client base. At the same time, it actively introduces digital financial services and intelligent trading tools to enhance transaction efficiency and client engagement. Combined with social media management and data-driven marketing strategies, these initiatives strengthen brand visibility and precise customer targeting, driving stable growth in market share and brokerage commission revenue, thereby laying a foundation for the long-term development of the brokerage business.

The proprietary investment team focuses on fundamental research and industry trend analysis, integrating data-driven investment decisions with risk management mechanisms. The team targets companies with competitive advantages and medium- to long-term growth potential, employing diversified hedging strategies to effectively manage market volatility risks and maintain portfolio stability and consistent returns. In the financial products business, the Company leverages its proprietary investment expertise and market insights to continuously develop innovative financial products that differentiate in the market and meet investor demand, offering diversified asset allocation options and further enhancing overall product competitiveness and revenue structure.

In 2025, the Company acted as lead or co-manager in a total of 52 underwriting deals, with a total underwriting amount of NT$8.437 billion. The Company focuses on enterprises with growth potential, industry competitiveness, and strong governance, combining forward-looking industry research with rigorous credit risk control to provide comprehensive services for listing and multi-channel fundraising. Through its professional underwriting team, venture platform resources, and data-driven deal selection process, the Company effectively controls underwriting risks while expanding quality deal flow, continuously injecting stable momentum into the Company's operations.

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[Profitability Analysis and Operating Income/Expenditure in Budget Execution]

In 2025, leveraging its experienced management team and rigorous risk control mechanisms, the Company achieved annual revenue of NT$12.515 billion and net income after tax of NT$4.804 billion, with earnings per share of NT$3.00. Return on assets (ROA) was 3.33% and return on equity (ROE) was 12.88%, marking another strong year of profitability. Looking ahead to 2026, the Company will continue to accurately steer its operational direction, flexibly adjust business strategies and capital allocation to respond to market fluctuations, ensure stable growth in profit structure, achieve annual budget and performance targets, and continually enhance corporate value and shareholder returns.

[Future Operations]

Facing the global monetary policy trends, interest rate and inflation changes, geopolitical and trade policy adjustments, as well as opportunities and impacts brought by technological innovation and industry transformation in 2026, the Company will continue to leverage its professional team to seize market opportunities, carefully evaluate investment returns, and strictly enforce risk management to ensure long-term stable profitability. At the same time, the Company will strengthen resource integration and cross-departmental collaboration to enhance organizational efficiency, actively promote digital finance and low-carbon transformation, implement ESG principles and corporate social responsibility, and continuously refine its corporate governance system to create sustainable development value.

Chairman
LIN, KUAN-CHEN

President
YANG, KAI-CHIH

Chief Accounting Officer
AN, CHI-LI

APPENDIX II

PRESIDENT SECURITIES CORPORATION

Audit Committee's Review Report

To: The General Meeting of Shareholders as of year 2026

The Board of Directors has prepared the Company's 2025 Business Report, Financial Statements, and Earnings Distribution Plan. The financial statements have been audited and certified by Fang-Yu, Wang and Puo-Ju Kuo of PricewaterhouseCoopers Certified Public Accountants, who issued an auditors' report. The aforementioned Business Report, Financial Statements, and Earnings Distribution Plan have been reviewed and determined to be fairly presented as stated by the Audit Committee members. According to Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Law, we hereby submit this report.

President Securities Corporation
Convener of Audit Committee:

March 16, 2026

APPENDIX III

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

PWCR25003644

To the Board of Directors and Shareholders of President Securities Corporation

Opinion

We have audited the accompanying parent company only balance sheets of President Securities Corporation (the "Company") as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended and notes to the parent company only financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the report of other auditors (please refer to the Other matter section), the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as at December 31, 2025 and 2024, and its parent company only financial performance and its parent company only cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Firms and Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants.

Basis for opinion

We conducted our audits in accordance with the Regulations Governing Financial Statements Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the parent company only financial statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Company’s 2025 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matter for the Company’s 2025 parent company only financial statements is stated as follows:

Fair value measurement of unlisted stocks without active market

Description

Please refer to Note 4(7) for the accounting policies on unlisted stocks without active market (shown as “financial assets at fair value through other comprehensive income”) and Note 5 for details of significant judgements, estimates and assumption uncertainty. As at December 31, 2025, the unlisted stocks without active market held by the Company totaled 476,383 thousand New Taiwan Dollars and were shown as “financial assets at fair value through other comprehensive income” (Level 3 fair value).

Due to the lack of an active market, the fair value of the unlisted stocks held by the Company was determined using the valuation method. Management commissioned experts to assist in measuring their fair value based on comparable listed companies using the market approach. The main assumption of market approach is calculated based on the latest related parameters of comparable listed companies in similar industries and considering discounts on market liquidity or risk particularity.

Above-mentioned estimation of fair value involves various assumptions and material unobservable inputs, which has high uncertainty and relies on the subjective judgment. Any changes in judgements and estimates may affect the ultimate result of accounting estimates and have an impact on the financial statements of the Company. Thus, we have included the fair value measurement of unlisted stocks without active market as a key audit matter in our audit.

How our audit addressed the matter

We performed the following audit procedures on the above key audit matter:

Obtained an understanding and assessed policy documents, internal control system, fair value measurement models and approval processes that are related to fair value measurement of unlisted stocks;
Ascertained whether the measurement methods used are commonly adopted in the industry;
Assessed the reasonableness of parameters used by similar companies;
Examined inputs and calculation formulas used in valuation methods and agreed such data to supporting documents.

Other matter – Reference to the audits of other auditors

We did not audit the financial statements of certain investments accounted for under the equity method which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these associates, is based solely on the report of the other auditors. As at December 31, 2025 and 2024, the balance of these investments accounted for under the equity method amounted to 2,638,949 thousand and 2,641,462 thousand New Taiwan Dollars, constituting 1.25% and 1.68% of the parent company only total assets, respectively. For the years ended December 31, 2025 and 2024, the comprehensive income (loss) recognized from associates and joint ventures accounted for under the equity method amounted to (12,642) thousand and (65,206) thousand New Taiwan Dollars, constituting (0.23%) and (1.26%) the parent company only total comprehensive income (loss), respectively.

Responsibilities of management and those charged with governance for the parent company only financial statements

Management is responsible for the preparation and fair presentation of the parent company only financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Firms, Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants, and for such internal control as management determines is necessary to enable the preparation of parent company only financial statement that are free from material misstatement, whether due to fraud or error.

In preparing the parent company only financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless

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management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the audit committee, are responsible for overseeing the Company’s financial reporting process.

Auditors’ responsibilities for the audit of the parent company only financial statements

Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgement and professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the parent

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company only financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the parent company only audit. We remain solely responsible for our audit opinion.

(Blank below)

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We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Wang, Fang-Yu

Independent Auditors

Kuo, Puo-Ju

For and on behalf of PricewaterhouseCoopers, Taiwan

March 2, 2026

The accompanying parent company only financial statements are not intended to present the financial position and financial performance and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying parent company only financial statements and independent auditors’ report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

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PRESIDENT SECRETARY CORPORATION
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of Pets, Taiwan dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
110000	Current assets
111100	Cash and cash equivalents	6(1)	$ 4,724,389	2	$ 5,019,258	3
112000	Financial assets at fair value through profit or loss - current	6(2)	88,010,951	42	60,843,659	39
113200	Financial assets at fair value through other comprehensive income - current	6(3)	9,344,789	5	4,495,890	3
114010	Bonds purchased under resale agreements	6(4)	122,203	-	-	-
114030	Margin loans receivable	6(5)	24,000,905	11	21,935,917	14
114040	Refinancing security deposits		907	-	6,647	-
114050	Receivables from refinance guaranty		748	-	5,513	-
114060	Receivable of securities business money lending	6(6)	21,733,143	10	18,600,130	12
114090	Receivables from security lending		437,369	-	402,885	-
114100	Security lending deposits		405,410	-	374,439	-
114110	Notes receivable		297	-	338	-
114130	Accounts receivable	6(7)	42,658,685	20	29,461,926	19
114140	Accounts receivable - related parties	6(7)	4,071	-	3,311	-
114150	Prepayments		57,067	-	32,810	-
114170	Other receivables	6(8)	16,462	-	18,039	-
114600	Current tax assets	6(49)	104,557	-	-	-
119000	Other current assets	6(9)	5,466,888	3	3,180,519	2
110000	Total current assets		197,088,841	93	144,381,281	92
120000	Non-current assets
122000	Financial assets at fair value through profit or loss - non-current	6(2)	49,841	-	51,171	-
123200	Financial assets at fair value through other comprehensive income - non-current	6(3)	476,383	-	412,862	-
124100	Investments accounted for under the equity method	6(12)	9,232,834	5	8,182,694	5
125000	Property and equipment, net	6(13)	2,499,415	1	2,462,308	2
125800	Right-of-use assets	6(14)	221,767	-	212,777	-
126000	Investment property	6(16)	181,308	-	182,731	-
127000	Intangible assets	6(17)	197,773	-	227,109	-
128000	Deferred tax assets	6(49)	173,020	-	131,659	-
129000	Other assets - non-current	6(18)	1,434,735	1	1,296,191	1
120000	Total non-current assets		14,467,076	7	13,159,502	8
906001	Total Assets		$ 211,555,917	100	$ 157,540,783	100

(Continued)

PRESIDENT SECURITIES CORPORATION
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2023 AND 2024
(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
210000	Current liabilities
211100	Short-term loans	6(19)	$ 8,090,110	4	$ 8,804,220	5
211200	Commercial papers payable	6(20)	42,004,630	20	32,969,815	21
212000	Financial liabilities at fair value through profit or loss - current	6(21)	17,913,603	9	13,535,710	9
214010	Bonds sold under repurchase agreements	6(22)	31,211,042	15	15,589,881	10
214040	Deposits on short sales		996,767	-	1,208,692	1
214050	Short sale proceeds payable		1,498,628	1	1,707,090	1
214070	Guarantee deposit received on borrowed securities		2,843,190	1	973,576	1
214090	Equity for each customer in the account		4,403,289	2	1,982,997	1
214130	Accounts payable	6(23)	41,638,107	20	27,431,166	17
214150	Advance receipts		13	-	1,658	-
214160	Collections on behalf of third parties		688,069	-	955,543	1
214170	Other payables	6(24)	2,951,388	1	2,636,299	2
214200	Other financial liabilities - current	6(25)	11,384,006	5	13,801,583	9
214600	Current tax liability	6(49)	72,259	-	277,983	-
216000	Current lease liabilities		71,705	-	67,716	-
219000	Other current liabilities		76,401	-	74,132	-
210000	Total current liabilities		165,843,207	78	122,018,061	78
220000	Non-current liabilities
221210	Long-term borrowings	6(26)	6,000,000	3	-	-
225100	Non-current provisions		24,033	-	15,585	-
226000	Non-current lease liabilities		143,485	-	143,956	-
228000	Deferred tax liability	6(49)	216,899	-	19,468	-
229000	Other liabilities - non-current	6(27)	25,675	-	54,808	-
220000	Total non-current liabilities		6,410,092	3	233,817	-
906003	Total Liabilities		172,253,299	81	122,251,878	78
301000	Capital
301010	Common stock	6(29)	16,014,145	8	14,558,313	9
302000	Capital reserve	6(29)	91,201	-	91,261	-
304000	Retained earnings	6(29)(30)
304010	Legal reserve		4,671,304	2	4,233,889	3
304020	Special reserve		10,677,898	5	9,803,068	6
304040	Unappropriated earnings		4,825,951	2	4,381,105	3
305000	Other equity interest		3,022,119	2	2,221,269	1
906004	Total equity		39,302,618	19	35,288,905	22
906002	Total liabilities and equity		$ 211,555,917	100	$ 157,540,783	100

Chairman
LIN, KUAN-CHEN
President
YANG, KAI-CHIH
Chief Accounting Officer
AN, CHI-LI
PARK SHEET
The accompanying notes are an integral part of these parent company only financial statements.

PRESIDENT SECURITIES CORPORATION
PARENT COMPANY ONLY STATEMENT FOR COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Tablers dollars, except earnings per share)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
400000	Revenues
401000	Brokerage handling fee revenue	6(31)	$ 4,023,142	32	$ 3,810,592	32
404000	Revenues from underwriting business	6(32)	167,352	1	116,587	1
406000	Net gain (loss) on wealth management		79,338	1	80,191	1
410000	Net gain (loss) on sale of trading securities	6(33)	4,065,326	32	7,977,445	66
421100	Revenue from providing agency service for stock affairs		98,318	1	95,951	1
421200	Interest revenue	6(34)	2,582,824	21	2,221,737	19
421300	Dividend revenue		663,801	5	847,195	7
421500	Net valuation gain (loss) on operating securities at fair value through profit or loss	6(35)
			3,339,701	27 (	944,760) (	8)
421600	Net gain (loss) on covering of borrowed securities and bonds with resale agreements-short sales	6(36)
			(3,895,919) (	31) (	845,728) (	7)
421610	Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss	6(37)
			(538,714) (	4)	149,246	1
421750	Net realized gain (loss) on financial liabilities measured at fair value through other comprehensive income	6(38)
			41,564	- (	63,620)	-
422000	Net gain (loss) on issuance of ETNs		(126,880) (	1) (	82,053) (	1)
422100	Administrative and handling fee revenues from issuance of ETNs		4,316	-	5,517	-
422200	Net gain (loss) from issuance of call (put) warrants	6(39)
			(498,258) (	4) (	65,805) (	1)
424100	Future commission revenue		35,262	-	35,610	-
424400	Net gain (loss) from derivatives	6(40)	2,193,564	18 (	2,306,359) (	19)
425300	Expected credit impairment loss and reversal of impairment gain	6(41)
			17,369	-	22,193	-
428000	Other operating income	6(42)	263,161	2	970,599	8
	Total revenue		12,515,267	100	12,024,538	100
500000	Expenditures and expenses
501000/
502000/
503000	Handling charges	6(43)	(607,712) (	5) (	577,434) (	5)
507000	ETNs administrative expenses		(6,931)	- (	9,030)	-
521200	Financial costs	6(44)	(1,683,159) (	13) (	1,516,836) (	12)
524200	Securities commission expense		(3,530)	- (	109)	-
524300	Expense of clearing and settlement		(22,193)	- (	24,769)	-
528000	Other operating expenditure		(1,614)	- (	6,678)	-
531000	Employee benefits expense	6(45)	(3,861,127) (	31) (	3,616,061) (	30)
532000	Depreciation and amortization	6(46)	(353,831) (	3) (	318,328) (	3)
533000	Other operating expense	6(47)	(2,243,293) (	18) (	2,170,821) (	18)
	Total expenditure and expense		(8,783,390) (	70) (	8,240,066) (	68)
	Operating profit		3,731,877	30	3,784,472	32
601100	Share of the profit or loss of associates and joint ventures accounted for under the equity method	6(12)
			1,145,257	9	772,602	6
602000	Other gains and losses	6(48)	269,884	2	243,115	2
902001	Profit before tax		5,147,018	41	4,800,189	40
701000	Income tax (expense) benefit	6(49)	(342,592) (	3) (	427,135) (	4)
902005	Net income		$ 4,804,426	38	$ 4,373,054	36

(Continued)

PRESIDENT SECRETARY OF OPERATION
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DUE JANUARY 2024 AND 2024
(Expressed in thousands of New Taiwan dollars, except earnings per share)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
805510	Gain (loss) on remeasurements of defined benefit plan		($	4,959)	- ($	7,490)
805540	Net unrealised gain (loss) from investments in equity instruments at fair value through other comprehensive income			520,122	4	443,412
805560	Other comprehensive income (loss) of subsidiaries, associates, and joint ventures accounted for under the equity method - not reclassified to profit or loss			199,271	2	197,476
805599	Income tax (expense) benefit relating to components of other comprehensive income that will not be reclassified to profit or loss			992	-	1,498
	Items may be reclassified to profit or loss subsequently
805610	Translation gain (loss) on the financial statements of foreign operating entities		(	26,417)	-	156,716
805615	Net unrealised gain (loss) from investments in debt instruments at fair value through other comprehensive income			150,016	1 (	3,556)
805699	Income tax related to components of other comprehensive income that will be reclassified to profit or loss		(	28,264)	-	-
805000	Current other comprehensive income (loss) (post-tax)		$	810,761	7	$ 788,056
902006	Total current comprehensive income (loss)		$	5,615,187	45	$ 5,161,110
	Earnings per share	6(50)
975000	Basic earnings (loss) per share (in dollars)		$		3.00	$ 2.73
985000	Diluted earnings (loss) per share (in dollars)		$		2.99	$ 2.72

Chairman
LIN, KUAN-CHEN

President
YANG, KAI-CHIH

Chief Accounting Officer
AN, CHI-LI

The accompanying notes are an integral part of these parent company only financial statements.

PRESIDENT SECURITIES CORPORATION
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of 20,000 as an dollars)

			Retained Earnings			Other equity interest
	Notes	Common stock	Capital reserve	Legal reserve	Special reserve	Unappropriated earnings	Exchange differences on translation of foreign financial statements	Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income
For the year ended December 31, 2024
Balance at January 1, 2024		$ 14,558,313	$ 91,261	$ 3,959,127	$ 9,253,546	$ 2,752,936	$ 43,973	$ 1,390,336
Net income for the year		-	-	-	-	4,373,054	-	-
Other comprehensive income (loss) for the year		-	-	-	-	1,096	156,716	630,244
Total comprehensive income (loss)		-	-	-	-	4,374,150	156,716	630,244
Appropriations of 2023 earnings	6(30)
Legal reserve		-	-	274,762	-	( 274,762 )	-	-
Special reserve		-	-	-	549,522	( 549,522 )	-	-
Cash dividends		-	-	-	-	( 1,921,697 )	-	-
Balance at December 31, 2024		$ 14,558,313	$ 91,261	$ 4,233,889	$ 9,803,068	$ 4,381,105	$ 200,689	$ 2,020,580
For the year ended December 31, 2025
Balance at January 1, 2025		$ 14,558,313	$ 91,261	$ 4,233,889	$ 9,803,068	$ 4,381,105	$ 200,689	$ 2,020,580
Net income for the year		-	-	-	-	4,804,426	-	-
Other comprehensive income (loss) for the year		-	-	-	-	( 3,097 )	( 26,417 )	840,275
Total comprehensive income (loss)		-	-	-	-	4,801,329	( 26,417 )	840,275
Appropriations of 2024 earnings	6(30)
Legal reserve		-	-	437,415	-	( 437,415 )	-	-
Special reserve		-	-	-	874,830	( 874,830 )	-	-
Cash dividends		-	-	-	-	( 1,601,414 )	-	-
Stock dividends		1,455,832	-	-	-	( 1,455,832 )	-	-
Changes in ownership interest in subsidiaries		-	( 60 )	-	-	8,761	-	( 8,761 )
Disposal of equity instruments at fair value through other comprehensive income		-	-	-	-	4,247	-	( 4,247 )
Balance at December 31, 2025		$ 16,014,145	$ 91,201	$ 4,671,304	$ 10,677,898	$ 4,825,951	$ 174,272	$ 2,847,847

Chairman
LIN, KUAN-CHEN

President
YANG, KAI-CHIH

Chief Accounting Officer
AN, CHI-LI

The accompanying notes are an integral part of these parent company only financial statements.

-20-

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of days, Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		$ 5,147,018	$ 4,800,189
Adjustments
Adjustments to reconcile profit (loss)
Net valuation (gain) loss on operating securities at fair value through profit or loss	6(2)(35)	( 3,339,701 )	944,760
Net valuation (gain) loss on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss	6(37)	538,714	( 149,246 )
Expected credit impairment loss and reversal of impairment gain	6(41)	( 13,916 )	( 15,150 )
Depreciation	6(46)	261,320	233,449
Amortization	6(46)	92,511	84,879
Financial expense	6(44)	1,683,159	1,516,836
Interest income (include financial income)	6(34)(48)	( 2,682,204 )	( 2,301,131 )
Dividend income		( 677,258 )	( 860,463 )
Share of profit of subsidiaries, associates and joint ventures accounted for under the equity method	6(12)	( 1,145,257 )	( 772,602 )
(Gain) loss on disposal of property and equipment	6(13)	322	-
(Gain) loss from lease modification		( 31 )	( 51 )
(Gain) loss on valuation of non-operating financial instruments	6(48)	( 12,934 )	13,669
Changes in operating assets and liabilities
Changes in operating assets
Financial assets at fair value through profit or loss		( 23,810,903 )	( 8,604,183 )
Financial assets at fair value through other comprehensive income		( 4,384,234 )	( 882,770 )
Bonds purchased under resale agreements		( 122,203 )	-
Margin loans receivable		( 2,051,561 )	( 4,521,636 )
Refinancing security deposits		5,740	( 4,665 )
Receivables from refinance guaranty		4,765	( 4,037 )
Receivable of securities business money lending		( 3,133,392 )	( 9,352,961 )
Receivables from security lending		( 34,484 )	48,512
Security lending deposits		( 30,971 )	101,266
Notes receivable		41	1,137
Accounts receivable		( 13,247,453 )	( 9,998,944 )
Accounts receivable - related parties		( 760 )	885
Prepayments		( 24,257 )	11,437
Other receivables		1,050	1,289
Other current assets		( 2,286,369 )	( 1,446,527 )
Changes in operating liabilities
Financial liabilities at fair value through profit or loss		3,839,179	3,221,128
Bonds sold under repurchase agreements		15,621,161	( 3,550,625 )
Deposits on short sales		( 211,925 )	287,599
Short sale proceeds payable		( 208,462 )	543,586
Guarantee deposit received on borrowed securities		1,869,614	( 658,432 )
Equity for each customer in the account		2,420,292	1,122,787
Accounts payable		14,174,282	10,372,715
Advance receipts		( 1,645 )	1,537
Collections on behalf of third parties		( 267,474 )	342,646
Other payable		303,297	557,348
Other financial liabilities - current		( 2,417,577 )	8,577,564
Other current liabilities		2,269	( 2,075 )

(Continued)

PRESIDENT SECRETARY LUBRICATION
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
Cash outflow generated from operations		($ 14,140,237)	($ 10,340,280)
Interest received		2,703,153	1,948,793
Dividends received		1,400,501	1,329,522
Income tax paid		( 524,075)	( 381,393)
Net cash flows used in operating activities		( 10,560,658)	( 7,443,358)
CASH FLOWS FROM INVESTING ACTIVITIES
Investments accounted for under the equity method	6(12)	( 453,706)	-
Acquisition of property and equipment	6(13)	( 101,826)	( 85,410)
Acquisition of intangible assets	6(17)	( 13,444)	( 18,252)
(Increase) decrease in other non-current assets		( 166,659)	( 276,220)
Increase in prepayment for equipment		( 141,454)	( 153,423)
Net cash flows used in investing activities		( 877,089)	( 533,305)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term loans		( 714,110)	1,859,461
Increase (decrease) in commercial papers payable		9,040,000	11,860,000
Proceeds from long-term borrowings		6,000,000	-
Increase (decrease) in other non-current liabilities		( 30,420)	( 33,828)
Payments of lease liabilities		( 76,479)	( 71,334)
Interest paid		( 1,590,648)	( 1,561,249)
Distribution of cash dividends	6(30)	( 1,601,414)	( 1,921,697)
Net cash flows from financing activities		11,026,929	10,131,353
Effect of exchange rate changes		115,949	( 193,072)
Net (decrease) increase in cash and cash equivalents		( 294,869)	1,961,618
Cash and cash equivalents at beginning of year		5,019,258	3,057,640
Cash and cash equivalents at end of year		$ 4,724,389	$ 5,019,258

Chairman
LIN, KUAN-CHEN

President
YANG, KAI-CHIH

Chief Accounting Officer
AN, CHI-LI

The accompanying notes are an integral part of these parent company only financial statements.

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE
PWCR25003646

To the Board of Directors and Shareholders of PRESIDENT SECURITIES CORPORATION

Opinion

We have audited the accompanying consolidated balance sheets of President Securities Corporation and subsidiaries (the "Group") as at December 31, 2025 and 2024, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the report of other auditors (please refer to the Other matter section), the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Firms, and Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants, and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.

Basis for Opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the Group in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

~22~

~23~

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Group’s 2025 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matter for the Group’s 2025 consolidated financial statements is stated as follows:

Fair value measurement of unlisted stocks without active market

Description

Please refer to Note 4(8) for the accounting policies on unlisted equity investments without active market (classified as “financial assets at fair value through other comprehensive income”) and Note 5 for details of critical accounting judgements, estimates and assumption uncertainty. As at December 31, 2025, the unlisted stocks without active market held by the Group totaled 1,704,002 thousand New Taiwan Dollars and were shown as “financial assets at fair value through other comprehensive income” (Level 3 fair value).

Due to the lack of active market for these unlisted stocks held by the Group was determined using the valuation method. Management commissioned experts to assist in measuring their fair value based on comparable listed companies using the market approach. The main assumptions of the market approach are calculated based on the latest related parameters of comparable listed companies in similar industries and considering discounts on market liquidity or assessment of risk.

Above-mentioned estimation of fair value involves various assumptions and material unobservable inputs, which has high uncertainty and subjective judgement. Any changes in judgements and estimates may affect the ultimate result of accounting estimates and have an impact on the financial statements of the Group. Thus, we have included the fair value measurement of unlisted stocks without active market as a key audit matter in our audit.

How our audit addressed the matter

We performed the following audit procedures on the above key audit matter:

Obtained an understanding and assessed policy documents, internal control system, fair

value measurement models and approval processes that are related to fair value measurement of unlisted stocks;

Ascertained whether the measurement methods used are commonly adopted in the industry;
Assessed the reasonableness of parameters used by similar companies;
Examined inputs and calculation formulas used in valuation models and agreed such data to supporting documents.

Other matter – Reference to the audits of other auditors

We did not audit the financial statements of certain investments accounted for under the equity method which were audited by other auditors. Therefore, our opinion expressed herein, insofar as it relates to the amounts included in respect of these associates, is based solely on the report of the other auditors. As at December 31, 2025 and 2024, the balance of these investments accounted for under the equity method amounted to 2,638,949 thousand and 2,641,462 thousand New Taiwan Dollars, constituting 1.06% and 1.37% of consolidated total assets, respectively. For the years ended December 31, 2025 and 2024, the consolidated comprehensive income (loss) recognized from associates and joint ventures accounted for under the equity method amounted to (12,642) thousand and (65,206) thousand New Taiwan Dollars, constituting (0.22%) and (1.26%) of consolidated total comprehensive income (loss), respectively.

Other matter – Parent company only financial reports

We have audited and expressed an unmodified opinion on the parent company only financial statements of President Securities Corporation, as at and for the years ended December 31, 2025 and 2024

Responsibilities of management and those charged with governance for the consolidated financial statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Firms, Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants, and the International Financial Reporting

~24~

Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statement that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance, including the audit committee, are responsible for overseeing the Group’s financial reporting process.

Auditors’ responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from

~25~

fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

~26~

and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Wang, Fang-Yu

Independent Auditors

Kuo, Puo-Ju

For and on behalf of PricewaterhouseCoopers, Taiwan

March 2, 2026

The accompanying consolidated financial statements are not intended to present the financial position and financial performance and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors’ report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

~27~

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

Assets	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
110000	Current assets
111100	Cash and cash equivalents	6(1)	$ 8,164,819	3	$ 7,720,139	4
112000	Financial assets at fair value through profit or loss - current	6(2)	88,638,987	36	61,405,082	32
113200	Financial assets at fair value through other comprehensive income - current	6(3)	9,344,789	4	4,495,890	2
114010	Bonds purchased under resale agreements	6(4)	122,203	-	-	-
114030	Margin loans receivable	6(5)	24,000,905	10	21,935,917	11
114040	Refinancing security deposits		907	-	6,647	-
114050	Receivables from refinance guaranty		748	-	5,513	-
114060	Receivable of securities business money lending	6(6)	21,733,143	9	18,600,130	10
114070	Customer margin account	6(7)	37,689,968	15	35,545,540	19
114090	Receivables from security lending		437,369	-	402,885	-
114100	Security lending deposits		405,410	-	374,439	-
114110	Notes receivable		297	-	338	-
114130	Accounts receivable	6(8)	42,682,413	17	29,482,722	15
114140	Accounts receivable-related parties	6(8)	398	-	944	-
114150	Prepayments		62,032	-	37,168	-
114170	Other receivables	6(9)	114,659	-	100,882	-
114600	Current tax assets		104,790	-	190	-
119000	Other current assets	6(10)	5,464,151	2	3,170,687	2
110000	Total current assets		238,967,988	96	183,285,113	95
120000	Non-current assets
122000	Financial assets at fair value through profit or loss - non-current	6(2)	112,341	-	117,671	-
123200	Financial assets at fair value through other comprehensive income - non-current	6(3)	1,704,002	1	1,452,561	1
124100	Investments accounted for under the equity method	6(13)	3,751,462	1	3,611,621	2
125000	Property and equipment, net	6(14)	2,682,159	1	2,641,569	1
125800	Right-of-use assets	6(15)	227,873	-	222,677	-
126000	Investment property	6(17)	181,308	-	182,731	-
127000	Intangible assets	6(18)	270,736	-	290,626	-
128000	Deferred tax assets	6(50)	175,689	-	132,712	-
129000	Other assets - non-current	6(19)	1,702,073	1	1,535,916	1
120000	Total non-current assets		10,807,643	4	10,188,084	5
906001	Total Assets		$ 249,775,631	100	$ 193,473,197	100

(Continued)

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2024 AND 2024
(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	Notes	December 31, 2025		December 31, 2024
		AMOUNT	%	AMOUNT	%
210000	Current liabilities
211100	Short-term loans	6(20)	$ 8,090,110	3	$ 8,804,220	5
211200	Commercial papers payable	6(21)	42,004,630	17	32,969,815	17
212000	Financial liabilities at fair value through profit or loss - current	6(22)	17,913,603	7	13,536,538	7
214010	Bonds sold under repurchase agreements	6(23)	31,211,042	13	15,589,881	8
214040	Deposits on short sales		996,767	-	1,208,692	1
214050	Short sale proceeds payable		1,498,628	1	1,707,090	1
214070	Guarantee deposit received on borrowed securities		2,843,190	1	973,576	1
214080	Futures traders' equity	6(7)	37,649,807	15	35,522,374	18
214090	Equity for each customer in the account		4,400,185	2	1,973,140	1
214130	Accounts payable	6(24)	41,691,197	17	27,475,583	14
214150	Advance receipts		2,267	-	3,682	-
214160	Collections on behalf of third parties		695,737	-	957,998	1
214170	Other payables	6(25)	3,215,298	1	2,858,854	1
214200	Other financial liabilities - current	6(26)	11,384,006	5	13,801,583	7
214600	Current tax liability		104,860	-	310,465	-
216000	Current lease liabilities		74,163	-	72,104	-
219000	Other current liabilities		120,139	-	89,371	-
210000	Total current liabilities		203,895,629	82	157,854,966	82
220000	Non-current liabilities
221200	Long-term loans	6(27)	6,000,000	2	-	-
225100	Non-current provisions		24,033	-	15,585	-
226000	Non-current lease liabilities		147,228	-	149,590	-
228000	Deferred tax liabilities	6(50)	226,227	-	21,235	-
229000	Other liabilities-non-current	6(28)	8,971	-	38,219	-
220000	Total non-current liabilities		6,406,459	2	224,629	-
906003	Total Liabilities		210,302,088	84	158,079,595	82
300000	Equity attributable to owners of the parent company
301000	Capital
301010	Common stock	6(30)	16,014,145	7	14,558,313	8
302000	Capital reserve	6(30)	91,201	-	91,261	-
304000	Retained earnings	6(30)(31)
304010	Legal reserve		4,671,304	2	4,233,889	2
304020	Special reserve		10,677,898	4	9,803,068	5
304040	Unappropriated earnings		4,825,951	2	4,381,105	2
305000	Other equity interest		3,022,119	1	2,221,269	1
300000	Total		39,302,618	16	35,288,905	18
306000	Non-controlling interests		170,925	-	104,697	-
906004	Total Equity		39,473,543	16	35,393,602	18
906002	Total liabilities and equity		$ 249,775,631	100	$ 193,473,197	100

Chairman
LIN, KUAN-CHEN
President
YANG, KAI-CHIH
Chief Accounting Officer
AN, CHI-LI
The accompanying notes are an integral part of these consolidated financial statements.

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except earnings per share amounts)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
400000	Revenues
401000	Brokerage handling fee revenue	6(32)	$ 4,757,564	35	$ 4,599,154	35
404000	Revenues from underwriting business	6(33)	167,352	1	116,587	1
406000	Net gain (loss) on wealth management		79,338	1	80,191	1
410000	Net gain (loss) on sale of operating securities	6(34)	4,063,663	30	7,977,536	61
421100	Revenue from providing agency service for stock affairs		98,246	1	95,883	1
421200	Interest income	6(35)	2,582,824	19	2,221,739	17
421300	Dividend income		668,447	5	848,754	7
421500	Net valuation gain (loss) on operating securities at fair value through profit or loss	6(36)	3,354,700	25 (	931,859) (	7)
421600	Net gain (loss) on covering of borrowed securities and bonds with resale agreements-short sales	6(37)	(	3,895,919) (	29) (	845,728) (
421610	Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss	6(38)	(	538,714) (	4)	149,246
421750	Net realized gain (loss) on financial liabilities measured at fair value through other comprehensive income	6(39)	41,564	- (	63,620)	-
422000	Net gain (loss) on issuance of ETNs		(	126,880) (	1) (	82,053) (
422100	Administrative and handling fee revenues from issuance of ETNs		4,316	-	5,517	-
422200	Net gain (loss) from issuance of call (put) warrants	6(40)	(	498,258) (	4) (	65,805) (
424400	Net gain (loss) from derivatives	6(41)	2,165,513	16 (	2,289,337) (	18)
425300	Expected credit impairment loss and reversal of impairment gain	6(42)	17,369	-	22,193	-
428000	Other operating income	6(43)	600,180	5	1,191,583	9
	Total revenues		13,541,305	100	13,029,981	100
500000	Expenditures and expenses
501000/
502000/
503000	Handling charges	6(44)	(	756,919) (	6) (	752,215) (
507000	ETNs administrative expenses		(	6,931)	- (	9,030)
521200	Financial costs	6(45)	(	1,802,595) (	13) (	1,605,888) (
524100	Futures commission expense		(	103,922) (	1) (	91,717) (
524300	Expense of clearing and settlement		(	121,672) (	1) (	141,030) (
528000	Other operating expenditure		(	1,614)	- (	6,678)
531000	Employee benefits expense	6(46)	(	4,317,685) (	32) (	4,039,076) (
532000	Depreciation and amortization	6(47)	(	391,024) (	3) (	354,592) (
533000	Other operating expenses	6(48)	(	2,458,826) (	18) (	2,368,317) (
	Total expenditures and expenses		(	9,961,188) (	74) (	9,368,543) (

(Continued)

	Items	Notes	Year ended December 31
			2025		2024
			AMOUNT	%	AMOUNT	%
601000	Operating profit		$ 3,580,117	26	$ 3,661,438	28
601000	Share of the profit or loss of associates and joint ventures accounted for under the equity method	6(13)	488,676	4	305,992	2
602000	Other gains and losses	6(49)	1,251,242	9	962,096	8
902001	Profit before tax		5,320,035	39	4,929,526	38
701000	Income tax (expense) benefit	6(50)	( 494,257)	( 3)	( 542,734)	( 4)
902005	Net income		$ 4,825,778	36	$ 4,386,792	34
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
805510	Gain (loss) on remeasurements of defined benefit plans		($ 673)	-	($ 3,202)	-
805540	Net unrealized gain (loss) from investments in equity instruments at fair value through other comprehensive income		708,041	5	622,271	5
805550	Other comprehensive gain (loss) of associates and joint ventures accounted for under the equity method		15,891	-	21,148	-
805599	Income tax (expense) benefit relating to components of other comprehensive income	6(50)	135	-	641	-
	Items may be reclassified to profit of loss subsequently
805610	Translation gain (loss) on the financial statements of foreign operating entities		( 26,417)	-	156,716	1
805615	Net unrealized gain (loss) from investments in debt instruments at fair value through other comprehensive income		150,016	1	( 3,556)	-
805699	Income tax related to items that may be reclassified subsequently to profit or loss		( 28,264)	-	-	-
805000	Current other comprehensive income (loss) (post-tax)		$ 818,729	6	$ 794,018	6
902006	Total current comprehensive income		$ 5,644,507	42	$ 5,180,810	40
	Income attributable to:
913100	Parent company		$ 4,804,426	36	$ 4,373,054	34
913200	Non-controlling interests		$ 21,352	-	$ 13,738	-
	Current comprehensive income (loss) attributable to:
914100	Parent company		$ 5,615,187	42	$ 5,161,110	40
914200	Non-controlling interests		$ 29,320	-	$ 19,700	-
	Earnings per share	6(51)
975000	Basic earnings per share (in dollars)		$	3.00	$	2.73
985000	Diluted earnings per share (in dollars)		$	2.99	$	2.72

The accompanying notes are an integral part of these consolidated financial statements.

PRESIDENT SECURITIES LABORATORIES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS AND CHANGES IN EQUITY
YEARS ENDED DEC 28TH 10TH 29TH 2024
(Expressed in thousands (millions) for a an dollars)

Equity attributable to owners of the parent

	Notes	Common stock	Capital reserve	Legal reserve	Special reserve	Unappropriated earnings	Exchange differences on translation of foreign financial statements	Unrealised gain or loss on financial assets measured at fair value through other comprehensive income	Total	Non-controlling interests	Total equity
For the year ended December 31, 2024
Balance at January 1, 2024		$ 14,558,313	$ 91,261	$ 3,959,127	$ 9,253,546	$ 2,752,936	$ 43,973	$ 1,390,336	$ 32,049,492	$ 92,616	$ 32,142,108
Net income for the year		-	-	-	-	4,373,054	-	-	4,373,054	13,738	4,386,792
Other comprehensive income (loss) for the year		-	-	-	-	1,096	156,716	630,244	788,056	5,962	794,018
Total comprehensive income (loss)		-	-	-	-	4,374,150	156,716	630,244	5,161,110	19,700	5,180,810
Appropriations of 2023 earnings:	6(31)
Legal reserve		-	-	274,762	-	( 274,762 )	-	-	-	-	-
Special reserve		-	-	-	549,522	( 549,522 )	-	-	-	-	-
Cash dividends		-	-	-	-	( 1,921,697 )	-	-	( 1,921,697 )	-	( 1,921,697 )
Changes in non-controlling interests		-	-	-	-	-	-	-	-	( 7,619 )	( 7,619 )
Balance at December 31, 2024		$ 14,558,313	$ 91,261	$ 4,233,889	$ 9,803,068	$ 4,381,105	$ 200,689	$ 2,020,580	$ 35,288,905	$ 104,697	$ 35,393,602
For the year ended December 31, 2025
Balance at January 1, 2025		$ 14,558,313	$ 91,261	$ 4,233,889	$ 9,803,068	$ 4,381,105	$ 200,689	$ 2,020,580	$ 35,288,905	$ 104,697	$ 35,393,602
Net income for the year		-	-	-	-	4,804,426	-	-	4,804,426	21,352	4,825,778
Other comprehensive income (loss) for the year		-	-	-	-	( 3,097 )	( 26,417 )	840,275	810,761	7,968	818,729
Total comprehensive income (loss)		-	-	-	-	4,801,329	( 26,417 )	840,275	5,615,187	29,320	5,644,507
Appropriations of 2024 earnings:	6(31)
Legal reserve		-	-	437,415	-	( 437,415 )	-	-	-	-	-
Special reserve		-	-	-	874,830	( 874,830 )	-	-	-	-	-
Cash dividends		-	-	-	-	( 1,601,414 )	-	-	( 1,601,414 )	-	( 1,601,414 )
Stock dividends		1,455,832	-	-	-	( 1,455,832 )	-	-	-	-	-
Changes in ownership interests in subsidiaries		-	( 60 )	-	-	8,761	-	( 8,761 )	( 60 )	60	-
Changes in non-controlling interests		-	-	-	-	-	-	-	-	36,848	36,848
Disposal of equity instruments at fair value through other comprehensive income		-	-	-	-	4,247	-	( 4,247 )	-	-	-
Balance at December 31, 2025		$ 16,014,145	$ 91,201	$ 4,671,304	$ 10,677,898	$ 4,825,951	$ 174,272	$ 2,847,847	$ 39,302,618	$ 170,925	$ 39,473,543

Chairman LIN, KUAN-CHEN

President YANG, KAI-CHIH

Chief Accounting Officer AN, CHI-LI

The accompanying notes are an integral part of these consolidated financial statements.

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATE OF STATE CASH FLOWS
YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		$ 5,320,035	$ 4,929,526
Adjustments
Income and expenses having no effect on cash flows
Net valuation (gain) loss on operating securities at fair value through profit or loss	6(2)(36)	( 3,354,700 )	931,859
Net valuation (gain) loss on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss	6(38)
Expected impairment loss and reversal of impairment gain	6(42)	( 13,916 )	( 15,150 )
Depreciation	6(47)	282,505	254,774
Amortization	6(47)	108,519	99,818
Financial expense	6(45)	1,802,595	1,605,888
Interest income (include financial income)	6(35)(49)	( 3,587,010 )	( 2,988,166 )
Dividend income		( 706,891 )	( 878,803 )
Share of the profit of associates and joint ventures accounted for under the equity method	6(13)	( 488,676 )	( 305,992 )
(Gain) loss on disposal of property and equipment	6(14)	328	37
(Gain) loss from lease modification		( 31 )	( 52 )
(Gain) loss on valuation of non-operating financial instrument	6(49)	( 55,426 )	16,261
Changes in assets/liabilities relating to operating activities
Changes in operating assets
Financial assets at fair value through profit or loss		( 23,816,025 )	( 8,651,028 )
Financial assets at fair value through other comprehensive income		( 4,384,234 )	( 882,770 )
Bonds purchased under resale agreements		( 122,203 )	-
Margin loans receivable		( 2,051,561 )	( 4,521,636 )
Refinancing security deposits		5,740	( 4,665 )
Receivables from refinance guaranty		4,765	( 4,037 )
Receivable of securities business money lending		( 3,133,392 )	( 9,352,961 )
Customer margin account		( 2,144,428 )	( 15,019,423 )
Receivables from security lending		( 34,484 )	48,512
Security lending deposits		( 30,971 )	101,266
Notes receivable		41	1,137
Accounts receivable		( 13,250,385 )	( 10,007,998 )
Accounts receivable-related parties		546	247
Prepayments		( 24,864 )	12,378
Other receivables		( 15,773 )	188
Other current assets		( 2,293,464 )	( 1,444,815 )
Net changes in liabilities relating to operating activities
Financial liabilities at fair value through profit or loss		3,838,351	3,214,472
Bonds sold under repurchase agreements		15,621,161	( 3,550,625 )
Deposits on short sales		( 211,925 )	287,599
Short sale proceeds payable		( 208,462 )	543,586
Guarantee deposit received on borrowed securities		1,869,614	( 658,432 )
Futures traders' equity		2,127,433	15,024,480
Equity for each customer in the account		2,427,045	1,121,057
Accounts payable		14,182,955	10,381,314
Advance receipts		( 1,415 )	40
Collections on behalf of third parties		( 262,261 )	343,618
Other payables		345,936	599,628
Other financial liabilities - current		( 2,417,577 )	8,577,564
Other current liabilities		30,768	5,316

(Continued)

PRESIDENT SECURITIES FOR PRELIMINARY AND SUBSIDIARIES

CONSOLIDATED AT HIS NON-CHEF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

	Notes	Year ended December 31
		2025	2024
Cash outflow generated from operations		($ 14,103,023)	($ 10,335,234)
Interest received		3,609,407	2,614,266
Dividends received		1,085,157	1,083,695
Income tax paid		( 670,576)	( 496,993)
Net cash flows used in operating activities		( 10,079,035)	( 7,134,266)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment	6(14)	( 117,566)	( 95,234)
Acquisition of intangible assets	6(18)	( 33,620)	( 27,915)
(Increase) decrease in other non-current assets		( 189,906)	( 269,301)
Increase in prepayment for equipment		( 151,370)	( 161,051)
Net cash flows used in investing activities		( 492,462)	( 553,501)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term loans		( 714,110)	1,859,461
Increase (decrease) in commercial papers payable		9,040,000	11,860,000
Proceeds from long-term borrowings		6,000,000	-
Increase (decrease) in other non-current liabilities		( 30,535)	( 33,760)
Payments of lease liabilities		( 80,879)	( 75,678)
Interest paid		( 1,711,347)	( 1,650,472)
Distribution of cash dividends		( 1,601,414)	( 1,921,697)
Changes in non-controlling interest		36,848	( 7,619)
Net cash flows from financing activities		10,938,563	10,030,235
Effect of exchange rate changes		77,614	( 132,307)
Net increase in cash and cash equivalents		444,680	2,210,161
Cash and cash equivalents at beginning of year		7,720,139	5,509,978
Cash and cash equivalents at end of year		$ 8,164,819	$ 7,720,139

Chairman
LIN, KUAN-CHEN

President
YANG, KAI-CHIH

Chief Accounting Officer
AN, CHI-LI

The accompanying notes are an integral part of these consolidated financial statements.

~34~

APPENDIX IV

President Securities Corporation

2025 Earnings Distribution Proposal

Unit: NT$

Unappropriated earnings as of January 1, 2025 (Note 1)	$11,613,938
Add(Less) : Due to remeasurement of defined benefits plan	(3,097,270)
Add(Less) : Changes in ownership interests in subsidiaries	8,761,084
Add(Less) : Realized gain from investments in equity instruments at fair value through other comprehensive income of 2025	4,247,320
Add(Less) : Net profit after tax of 2025	4,804,426,479
Subtotal	4,825,951,551

Less : Legal Reserve (Note 2)	(481,433,761)
Special Reserve (Note 3)	(962,867,523)
Unappropriated earnings Available for Distribution	3,381,650,267
Distribution items
– Cash dividend (NT$ 2.11 / per share)	3,378,984,549

Unappropriated earnings as of December 31, 2025	$2,665,718

Note 1: The amount of unappropriated earnings in the earning distributions resolved by the shareholders' meeting of 2025
Note 2: According to Article 237 of the Company Act, Jingshan Letter No.10802432410 and Article 23-1 of the Company's Article of Incorporation, 10% were set aside as legal reserve.
Note 3: According to Article 14 of Regulations Governing Securities Firms, and Article 23-1 of the Company's Article of Incorporation, 20% were set aside as special reserve.
Note 4: Prior years' unappropriated earnings shall not be appropriated unless the current year's unappropriated earnings is insufficient for distribution.
Note 5: Total common shares outstanding as of December 31, 2025 was 1,601,414,478 shares.

Chairman
LIN, KUAN-CHEN
[QR Code]
President
YANG, KAI-CHIH
[QR Code]
Chief Accounting Officer
AN, CHI-LI
[QR Code]
~35~

APPENDIX V

Comparison table of Amendments to “Procedures for Acquisition or Disposal of Assets”

Article	Amendment	Original Articles
Article 8	Article 8
Under any of the following circumstances, the company acquiring or disposing of assets shall publicly announce and report the relevant information on the FSC's designated website in the appropriate format as prescribed by regulations within 2 days counting inclusively from the date of occurrence of the event:
1. Acquisition or disposal of real property or right-of-use assets thereof from or to a related party, or acquisition or disposal of assets other than real property or right-of-use assets thereof from or to a related party where the transaction amount reaches 20 percent or more of paid-in capital, 10 percent or more of the company's total assets, or NT$300 million or more; provided, this shall not apply to trading of domestic government bonds or bonds under repurchase and resale agreements, or subscription or redemption of money market funds issued by domestic securities investment trust enterprises.
2. Merger, demerger, acquisition, or transfer of shares.
3. Losses from derivatives trading reaching the limits on aggregate losses or losses on individual contracts set out in the procedures adopted by the company.
4. Where equipment or right-of-use assets thereof for business use are acquired or disposed of, and furthermore the transaction counterparty is not a related party, and the transaction amount meets any of the following criteria:
1) For the public company whose paid-in capital is less than NT$10 billion, the transaction amount reaches NT$500 million or more.
2) For the public company whose paid-in capital is NT$10 billion or more but less than NT$50 billion,	Article 8
Under any of the following circumstances, the company acquiring or disposing of assets shall publicly announce and report the relevant information on the FSC's designated website in the appropriate format as prescribed by regulations within 2 days counting inclusively from the date of occurrence of the event:
1. Acquisition or disposal of real property or right-of-use assets thereof from or to a related party, or acquisition or disposal of assets other than real property or right-of-use assets thereof from or to a related party where the transaction amount reaches 20 percent or more of paid-in capital, 10 percent or more of the company's total assets, or NT$300 million or more; provided, this shall not apply to trading of domestic government bonds or bonds under repurchase and resale agreements, or subscription or redemption of money market funds issued by domestic securities investment trust enterprises.
2. Merger, demerger, acquisition, or transfer of shares.
3. Losses from derivatives trading reaching the limits on aggregate losses or losses on individual contracts set out in the procedures adopted by the company.
4. Where equipment or right-of-use assets thereof for business use are acquired or disposed of, and furthermore the transaction counterparty is not a related party, and the transaction amount meets any of the following criteria:
1) For the public company whose paid-in capital is less than NT$10 billion, the transaction amount reaches NT$500 million or more.
2) For the public company whose paid-in capital is NT$10 billion or more, the transaction amount reaches NT$1 billion or more.

~37~

| | the transaction amount reaches NT$1 billion or more.
3) For a public company whose paid-in capital is NT$50 billion, the transaction amount reaches 5 percent or more of paid-in capital.
5. Where land is acquired under an arrangement on engaging others to build on the company's own land, engaging others to build on rented land, joint construction and allocation of housing units, joint construction and allocation of ownership percentages, or joint construction and separate sale, and furthermore the transaction counterparty is not a related party, and the amount the company expects to invest in the transaction reaches NT$500 million.
6. In the case of a public company with paid-in capital reaching NT$50 billion or more, transactions in government bonds, ordinary corporate bonds and general bank debentures without equity characteristics (excluding subordinated debt) traded on securities exchanges or OTC markets, which do not fall under any of the circumstances listed in the proviso of subparagraph 7, and where furthermore the transaction counterparty is not a related party, and the transaction amount reaches 5 percent or more of paid-in capital.
7. Where an asset transaction other than any of those referred to in the preceding six subparagraphs, a disposal of receivables by a financial institution, or an investment in the mainland China area reaches 20 percent or more of paid-in capital or NT$300 million; provided, this shall not apply to the following circumstances:
1) Trading of domestic government bonds or foreign government bonds with a sovereign rating not lower than the sovereign rating of the ROC.
2) Where done by professional investors—securities trading on | 5. Where land is acquired under an arrangement on engaging others to build on the company's own land, engaging others to build on rented land, joint construction and allocation of housing units, joint construction and allocation of ownership percentages, or joint construction and separate sale, and furthermore the transaction counterparty is not a related party, and the amount the company expects to invest in the transaction reaches NT$500 million.
6. Where an asset transaction other than any of those referred to in the preceding five subparagraphs, a disposal of receivables by a financial institution, or an investment in the mainland China area reaches 20 percent or more of paid-in capital or NT$300 million; provided, this shall not apply to the following circumstances:
1) Trading of domestic government bonds or foreign government bonds with a sovereign rating not lower than the sovereign rating of the ROC.
2) Where done by professional investors—securities trading on securities exchanges or OTC markets, or subscription of foreign government bonds or ordinary corporate bonds or general bank debentures without equity characteristics (excluding subordinated debt) that are offered and issued in the primary market, or subscription or redemption of securities investment trust funds or futures trust funds, or subscription or sellback of exchange traded notes, or subscription by a securities firm of securities as necessitated by its undertaking business or as an advisory recommending securities firm for an emerging stock company, in accordance with the rules of the Taipei Exchange.
3) Trading of bonds under |
| --- | --- | --- |

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| | securities exchanges or OTC markets, or subscription of foreign government bonds or ordinary corporate bonds or general bank debentures without equity characteristics (excluding subordinated debt) that are offered and issued in the primary market, or subscription or redemption of securities investment trust funds or futures trust funds, or subscription or sellback of exchange traded notes, or subscription by a securities firm of securities as necessitated by its undertaking business or as an advisory recommending securities firm for an emerging stock company, in accordance with the rules of the Taipei Exchange.
3) Trading of bonds under repurchase/resale agreements, or subscription or redemption of money market funds issued by domestic securities investment trust enterprises.
The amount of transactions above shall be calculated as follows:
1. The amount of any individual transaction.
2. The cumulative transaction amount of acquisitions and disposals of the same type of underlying asset with the same trading counterparty within the preceding year.
3. The cumulative transaction amount of acquisitions and disposals (cumulative acquisitions and disposals, respectively) of real property or right-of-use assets thereof within the same development project within the preceding year.
4. The cumulative transaction amount of acquisitions and disposals (cumulative acquisitions and disposals, respectively) of the same security within the preceding year.
"Within the preceding year" as used in the preceding paragraph refers to the year | repurchase/resale agreements, or subscription or redemption of money market funds issued by domestic securities investment trust enterprises.
The amount of transactions above shall be calculated as follows:
1. The amount of any individual transaction.
2. The cumulative transaction amount of acquisitions and disposals of the same type of underlying asset with the same trading counterparty within the preceding year.
3. The cumulative transaction amount of acquisitions and disposals (cumulative acquisitions and disposals, respectively) of real property or right-of-use assets thereof within the same development project within the preceding year.
4. The cumulative transaction amount of acquisitions and disposals (cumulative acquisitions and disposals, respectively) of the same security within the preceding year.
"Within the preceding year" as used in the preceding paragraph refers to the year |
| --- | --- | --- |
~38~

| | preceding the date of occurrence of the current transaction. Items duly announced in accordance with these Regulations need not be counted toward the transaction amount.
A public company shall compile monthly reports on the status of derivatives trading engaged in up to the end of the preceding month by the company and any subsidiaries that are not domestic public companies and enter the information in the prescribed format into the information reporting website designated by the FSC by the 10th day of each month.
When a public company at the time of public announcement makes an error or omission in an item required by regulations to be publicly announced and so is required to correct it, all the items shall be again publicly announced and reported in their entirety within two days counting inclusively from the date of knowing of such error or omission.
A public company acquiring or disposing of assets shall keep all relevant contracts, meeting minutes, log books, appraisal reports and CPA, attorney, and securities underwriter opinions at the company, where they shall be retained for 5 years except where another act provides otherwise. | error or omission.
A public company acquiring or disposing of assets shall keep all relevant contracts, meeting minutes, log books, appraisal reports and CPA, attorney, and securities underwriter opinions at the company, where they shall be retained for 5 years except where another act provides otherwise. |
| --- | --- | --- |
| Article 14 | For the calculation of 10 percent of total assets under these Regulations, the total assets stated in the most recent parent company only financial report or individual financial report prepared under the Regulations Governing the Preparation of Financial Reports by Securities Issuers shall be used.
In the case of a company whose shares have no par value or a par value other than NT$10—for the calculation of transaction amounts of 20 percent of paid-in capital under these Regulations, 10 percent of equity attributable to owners of the parent shall be substituted; for the calculation of transaction amounts of 5 | For the calculation of 10 percent of total assets under these Regulations, the total assets stated in the most recent parent company only financial report or individual financial report prepared under the Regulations Governing the Preparation of Financial Reports by Securities Issuers shall be used.
In the case of a company whose shares have no par value or a par value other than NT$10—for the calculation of transaction amounts of 20 percent of paid-in capital under these Regulations, 10 percent of equity attributable to owners of the parent shall be substituted; for calculations under the provisions of these Regulations |
~39~

	percent of paid-in capital under these Regulations, 2.5 percent of equity attributable to owners of the parent shall be substituted; for calculations under the provisions of these Regulations regarding transaction amounts relative to paid-in capital of NT$10 billion, NT$20 billion of equity attributable to owners of the parent shall be substituted; for calculations under the provisions of these Regulations regarding transaction amounts relative to paid-in capital of NT$50 billion, NT$100 billion of equity attributable to owners of the parent shall be substituted.	regarding transaction amounts relative to paid-in capital of NT$10 billion, NT$20 billion of equity attributable to owners of the parent shall be substituted.

~40~

APPENDIX VI

ARTICLES OF INCORPORATION OF PRESIDENT SECURITIES CORP.

2025.05.28

Chapter I General Provisions

Article 1:

This Company is duly incorporated under the provisions set forth Company Law regarding companies limited by shares in the full name of PRESIDENT SECURITIES CORPORATION (Hereinafter referred to as the Company).

Article 2:

The Company shall engage in the following business:

H301011, a securities dealer.
H408011, an aid on futures transaction
H401011, a futures dealer
H105011, a trustee

Article 2-1:

The scope of business of the Corporation shall be as follows:

To underwriter valuable securities
To buy and sell valuable securities in centralized trading markets as a principal;
To be consigned to buy and sell valuable securities in centralized trading markets;
To buy and sell valuable securities in its own business location;
To be consigned to buy and sell valuable securities in its own business location;
To act as an agent for stock affairs in valuable securities;
To engage in short-buy and margin sales for trading in valuable securities;
To render aid in futures trading;
To be consigned to buy and sell foreign valuable securities;
To engage concurrently in proprietary futures trading.
To engage concurrently in trustee
To be consigned to buy and sell foreign valuable securities;
To operate securities-related business of foreign exchange and permit by the Central Bank of Republic of China. (Taiwan)
To engage in other securities related businesses as approved by the competent authorities.

Article 2-2:

The Company may, within the scope as permitted by law, render guarantee services to subsidiaries.

Article 3:

The Company is headquartered in Taipei and may have branches duly set in appropriate locations elsewhere as approved by the government.

Article 4:

This article was deleted.

Chapter II Shares

Article 5:

The Company has New Taiwan Dollars Eighteen Billion Only, divided into 1.8 billion shares at Ten New Taiwan Dollars par value for which the board of directors is authorized with full powers to issue in installments.

Article 5-1:

When the Company acts as a shareholder of limited liabilities, the total amount of external investment by the Company is free of the maximum limitation at 40% of the paid-in capital as set forth in Article 13 of the Company Law.

Article 6:

The company issuing and printing shares shall assign its share certificates with serial numbers, and the share certificates shall be affixed with the signatures or personal seals of the director representing the company, and shall be duly certified or authenticated by the bank which is competent to certify shares under the laws before issuance thereof.

The company may be exempted from printing any share certificate or it may either print a single share certificate or a consolidated share certificate for the shares issued. The Company shall appoint a centralized securities custody institution to make recordation of the issue of such shares.

Article 7:

For transfer of the Company’s shares, both the shareholder and the transferee shall jointly apply hereto for transfer procedures and entry into roster of shareholders, provided, that no transfer of shares shall be made within one month prior to a shareholders’ regular meeting or fifteen days prior to an extraordinary meeting or within five days prior to allocation of dividend, bonus or other interests.

Article 8:

The share certificates hereof are the registered ones. The shareholders hereof shall have their names and addresses duly registered into roster of shareholders and have their impression cards of registered seals filed herein. The same is required in case of a change. The stock affairs of the Company shall be duly handled according to “Regulations Governing Stock Affairs of Public Offering Companies” promulgated by the competent authorities of the government except as otherwise provided by the laws and securities regulations.

Chapter III Shareholders' meeting

Article 9:

The shareholders’ meeting hereof is in regular and extraordinary ones.

The former is called once per annum within six months from closing of each fiscal year.

The latter may be duly called when considering it is necessary.

Article 9-1:

The shareholders’ meeting can be held by means of visual communication network, partly visual communication network or other methods promulgated by the central competent authority. Under the circumstances of calamities, incidents, or force majeure, the central competent authority may promulgate a ruling that authorizes a company, within a certain period of time can hold its shareholders’ meeting by means of visual communication network or other promulgated methods.

In case a shareholders’ meeting is proceeded via visual communication network or partly visual communication network, the shareholders taking part in such a visual communication meeting shall be deemed to have attended the meeting in person.

For the preceding two paragraphs, the Company shall be subject to prescriptions provided for by the competent authority in charge of securities affairs, including the prerequisites, procedures, and other compliance matters.

Article 10:

The notices to a shareholders’ meeting shall be duly served to shareholders in accordance with Company Law or other laws concerned.

Article 11:

Each share hereof is entitled to one voting power. A shareholder who is unavailable to attend a

shareholders' meeting may duly issue a power of attorney with the Company provided form with scope of authorized power to appoint a proxy for the meeting. In the event a proxy is authorized by two or more shareholders, the voting power exceeding 3% of the total issued shares shall be discarded.

The aforementioned power of attorney shall be served to the Company five days in advance of the Company. In case of multiple authorization, it shall be taken on the first come first served basis unless the preceding authorization is declared withdrawn.

Article 12:

The following issues are subject to resolutions to be adopted in the shareholders' meeting:

Establishment and amendment of the Articles of Incorporation.
Election of directors.
Approval of reports worked out by the board of directors and profit allocation of profit and coverage of loss.
Increase, decrease of capital.
Major affairs otherwise and issues as required by the Company.

Unless otherwise provided for in the Company Law, resolutions in the shareholders' meeting shall be adopted by a majority vote in the meeting attended by shareholders representing a majority of the total issued shares.

Chapter IV Directors

Article 13:

The Company has twelve directors (four independent and eight non-independent directors), to be elected by shareholders' meeting from among the persons with disposing capacity, both having three-year tenure of office and eligible for reelection. The candidates' qualifications shall live up to requirements of Company Law, Securities and Exchange Law and related regulations.

Directors shall be elected from among the nominees listed in the roster of candidates by adopting candidate nomination system.

The election of independent and non-independent shall be held together but the votes shall be calculated separately.

Article 13-1:

The Company according to Article 14-4, Securities and Exchange Law, establish the Audit Committee, composed of the entire number of independent directors.

Audit Committee and among independent directors shall compliance and follow by internal rules in this company and the Government related regulations.

Article 14:

The total registered shares held by all directors shall not be less than specified percentage and the shareholding and auditing shall be subject to requirements promulgated by the competent authorities of the government.

Article 15:

By attendance of two-thirds majority of directors and a majority vote of the attending directors, three ~ five managing directors shall be elected and, in the same manner, one chairman shall be duly elected. In case of no managing directors, one chairman and one vice chairman shall be elected from among directors in the same manner. The chairman shall chair the shareholders' meeting, board of directors meeting and board of managing directors meeting internally, and represent the Company externally.

Article 16:

Meetings of the board of directors shall be convened by the chairman of the board of directors. Unless otherwise provided for in the Company Law, the resolutions in the board of directors meeting shall be adopted by a majority vote in the meeting attended by a majority of directors.

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The Convene Notice of the meeting of board may serve to the directors by writing, E-mail or facsimile. In the chairman’s absence, the vice chairman shall act in the place. In absence of both, the chairman shall appoint a managing director to act in place otherwise one managing director shall be elected from among themselves to act in the place. A director unavailable to the meeting may duly authorize another director to attend a board meeting on his behalf.

Article 17:

The board of directors shall have the following functions:
1. To work out the Company’s business plans;
2. To work out organizational regulations, major articles and contracts;
3. To work out budgeting and account closing;
4. To propose for capital increase, decrease;
5. To propose profit allocation or loss coverage;
6. To appoint, discharge managerial officers and key staff;
7. To resolve establishment and dissolution of a branch;
8. To resolve major business affairs otherwise;
9. To exercise other functions endowed by laws and shareholders’ meeting.

Article 17-1:

The Board of Directors may, complying with the law or taking into account the necessity, set up any functional committees whose functions, responsibilities, qualifications of committee members, process of exercising the power and so forth to be formulated by the board of directors.

Article 18:

This article was deleted.

Article 19:

The board of directors is authorized to determine the remuneration for directors taking into account the extent and value of the participation for the management of the Corporation and the standards of the industry. Independent directors receive fixed monthly compensation and shall not participate in the allocation of remuneration to directors and supervisors set forth in Article 23.

Article 19-1

The Company may act as a policyholder of liability insurance for the benefit of directors, supervisors, and managers. The board of directors is authorized to determine the limit of liability and the related matters.

Chapter V Managerial officers

Article 20:

The Company has one president to enforce issues as resolved in the board of directors and take charge of overall business operation of the Company, to be nominated by the chairman and duly appointed and discharged in the board of directors. The Company has a certain number of vice president, be nominated by the president and duly appointed and discharged in the board of directors.

Chapter VI Accounting

Article 21:

The fiscal year hereof is beginning January 1 until December 31 each calendar year.

Article 22:

Upon closing of each fiscal year, the board of directors shall work out the following documents according to Article 228 of the Company Law to be audited by Audit Committee thirty days in advance of shareholders’ regular meeting and the Audit Committee shall issue a report accordingly to be approved by the shareholders’ meeting:

Business report
Financial statements
Proposals of profit allocation or loss coverage

Article 23:

In an effort to encourage employees and management, the Company will distribute compensation to employees and the Directors from pre-tax profits. Where the company has pre-tax profits, the total value of funds to be distributed among employees shall not be less than 1.6% of pre-tax profits, and the total value of funds to be distributed among non-executive employees shall not be less than 1% of pre-tax profits; while the total value of funds to be distributed among the Directors shall not be more than 2% of pre-tax profits. If the company has losses carried forward, compensation should only be paid to employees and Directors after funds have been set aside as a reserve for such losses.

Employees’ compensation should be paid in the form of cash or company shares. A resolution regarding compensation to be distributed should be passed at a Board of Director’s meeting by a majority vote at a meeting attending by two-thirds or more of the Directors, after which the results should be reported to the shareholders.

Only those individuals meeting the specific criteria of employees shall be considered employees for the purposes of the employees’ compensation distributions.

Article 23-1:

If there are surplus profits after the closing of the books in a given fiscal year, then, after paying applicable taxes and making up losses from previous years, the company should set aside 10% of remaining profits as legal reserve, 20% as special reserve, and any other reserves as required by applicable laws or regulations, and, if any profits still remain, the board of directors shall put forth a motion to the shareholders for distribution of the remaining profits to shareholders.

In the event that the remaining profits represent less than 5% of the value of the company’s paid-in capital, then no such distribution is necessary.

The Company’s dividend policy should be based on the long-term financial structure and stability of the Company so as to allow for continued growth, which creates the best value for shareholders. The dividend distribution in a given year shall not be less than 70% of the surplus profits available for distribution. Stock dividends should not account for less than 50% of the total dividend distributed, and cash shall not account for more than 50% of the total dividend distributed. However, the Company may take into consideration the actual status of the Company’s operations and future capital needs when determining an appropriate ratio of cash and shares for the dividend distribution.

Chapter VII Bylaws

Article 24:

The organizational rules and operational rules shall be separately worked out by the board of directors.

Article 25:

Any matters inadequately provided for herein shall be subject to Company Law and managerial regulations concerned.

Article 26:

These Articles were duly established on November 26, 1988 and the first amendment was approved on December 28, 1988; ————; the thirty-third amendment on May 28, 2025.

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APPENDIX VII

President Securities Corporation

Rules and Procedures of Shareholders’ Meeting

Article 01

These Rules are prescribed in accordance with Article 5 of the Corporate Governance Best-Practice Principles for TSE/GTSM Listed Companies for the purpose of establishing good governance, strengthening the supervisory functions and administration by the shareholders’ meeting.

Article 02

Except as otherwise provided by the laws and regulations or the Articles of Incorporation of the Company, the shareholders’ meetings of the Company shall be in accordance with these Rules.

Article 03

Except as otherwise provided by the laws and regulations, the shareholders’ meeting of the Company shall be convened by the Board of Directors.

Changes to how the Company convenes its shareholders meeting shall be resolved by the board of directors, and shall be made no later than mailing of the shareholders meeting notice.

The Company shall prepare electronic versions of the shareholders meeting notice and proxy forms, and the origins of and explanatory materials relating to all proposals, including proposals for ratification, matters for deliberation, or the election or dismissal of directors or supervisors, and upload them to the Market Observation Post System (MOPS) before 30 days before the date of a regular shareholders meeting or before 15 days before the date of a special shareholders meeting. The Company shall prepare electronic versions of the shareholders meeting agenda and supplemental meeting materials and upload them to the MOPS before 21 days before the date of the regular shareholders meeting or before 15 days before the date of the special shareholders meeting. If, however, the Company has the paid-in capital of NT$10 billion or more as of the last day of the most current fiscal year, or total shareholding of foreign shareholders and PRC shareholders reaches 30% or more as recorded in the register of shareholders of the shareholders meeting held in the immediately preceding year, transmission of these electronic files shall be made by 30 days before the regular shareholders meeting. In addition, before 15 days before the date of the shareholders meeting, the Company shall also have prepared the shareholders meeting agenda and supplemental meeting materials and made them available for review by shareholders at any time. The meeting agenda and supplemental materials shall also be displayed at the Company and the professional shareholder services agent designated thereby.

This Corporate shall make the meeting agenda and supplemental meeting materials in the preceding paragraph available to shareholders for review in the following manner on the date of the shareholders meeting:

For physical shareholders meetings, to be distributed on-site at the meeting.
For hybrid shareholders meetings, to be distributed on-site at the meeting and shared on the virtual meeting platform.
For virtual-only shareholders meetings, electronic files shall be shared on the virtual meeting platform.

The meeting notice and the public announcement of the shareholders meeting shall expressly indicate the reasons for convening the meeting. The meeting notice can be served by means of electricity facilities if agreed by the noticed party.

Election or dismissal of directors, supervisors, proposed amendment to the Articles of Incorporation, proposed dissolution, merger, or split of the Company, event(s) of the conditions provided in the first paragraph of Article 185 of the Company Act, or Article 26-1, or Article 43-6 of the Securities And Exchange Act, or Articles 56-1 and 60-2 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers must be indicated item by item in the reasons for convening the meeting in the meeting notice and none of them can be proposed by way of extempore motion.

Where re-election of all directors and supervisors as well as their inauguration date is stated in the notice of the reasons for convening the shareholders meeting, after the completion of the re-election in said meeting such inauguration date may not be altered by any extraordinary motion or otherwise in the same meeting.

A shareholder who holds 1% or more of the total issued shares of the Company may propose in writing one and only one proposal in advance to be included in the agenda for discussion and resolution at the shareholders meeting. All additional proposals, if any, proposed by the shareholder shall be excluded from the agenda.

A shareholder proposal is provided for urging the corporation to promote public interests or fulfill its social responsibilities may still be included in the agenda by the board of directors. The Board of Directors may decide to exclude from the agenda any proposal proposed by the shareholder which runs into any of the conditions provided in the fourth paragraph of Article 172 -1 of the Company Act.

The Company shall make public announcement about when and where to submit proposal prior to the commencement date of the suspension of transfer of shares in the Company and the opening period for proposal acceptance shall not less than 10 days.

The proposal proposed by the shareholder shall be written in not more than 300 Chinese characters or shall otherwise be excluded from the agenda. The shareholder who has proposed a proposal shall personally attend the general shareholders meeting and participate in the discussion of his/her proposal or he/she may duly designate a proxy to act on his/her behalf at the meeting.

The Company shall give a notice to the shareholder prior to the meeting date regarding the Company's handling of the proposal he/she has proposed. The Company shall, item by item, indicate in the meeting notice all of the proposals submitted in conformity to this Article and the reasons why the other proposals are excluded from the agenda.

Article 04

The shareholder may designate a proxy to attend the shareholders meeting on his/her behalf by signing and indicating the scope of authority in the proxy form prepared by the Company.

Each shareholder may sign one and only one proxy form to designate one and only one proxy. The signed proxy form must be served to the Company five days prior to the meeting day. In case of multiple signed proxies from the same shareholder, the first one served to the Company shall prevail except when

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the shareholder has expressed to cancel the proxy.

The shareholder who, after his/her signed proxy has been served to the Company, is to attend the meeting in person or to exercise his/her voting power by way of electronic transmission shall notify the Company in writing no later than two days prior to the meeting day of his/her intention to cancel his/her signed proxy or the ballots cast by his/her designated proxy present at the meeting shall govern for the purpose of vote counting.

If, after a proxy form is delivered to the Company, a shareholder wishes to attend the shareholders meeting online, a written notice of proxy cancellation shall be submitted to the Company two business days before the meeting date. If the cancellation notice is submitted after that time, votes cast at the meeting by the proxy shall prevail.

Article05

The shareholders meeting shall be convened at the place where the Company is located or any other appropriate place convenient for shareholders to attend and shall commence no earlier than 9:00AM and no later than 3:00PM on the meeting date. The venue, date and hour of the meeting shall be determined in consideration of the opinion of the independent director.

The restrictions on the place of the meeting shall not apply when the Company convenes a virtual-only shareholders meeting.

Article06

The Company shall specify in its shareholders meeting notices the time during which attendance registrations for shareholders, solicitors and proxies (collectively "shareholders") will be accepted, the place to register for attendance, and other matters for attention.

The time during which shareholder attendance registrations will be accepted, as stated in the preceding paragraph, shall be at least 30 minutes prior to the time the meeting commences. The place at which attendance registrations are accepted shall be clearly marked and a sufficient number of suitable personnel assigned to handle the registrations. For virtual shareholders meetings, shareholders may begin to register on the virtual meeting platform 30 minutes before the meeting starts. Shareholders completing registration will be deemed as attend the shareholders meeting in person.

Shareholders shall attend shareholders meetings based on attendance cards, sign-in cards, or other certificates of attendance. Solicitors soliciting proxy forms shall also bring identification documents for verification.

The shareholder or his/her proxy who attends the meeting may turn in his/her signed attendance card instead of signing in the attendance book.

The Company shall deliver to each shareholder the agenda, annual report, attendance ID, speaking request form, ballots, other meeting materials and, where applicable, the ballots for election of directors and/or Independent Directors.

A government agency shareholder or an institutional shareholder may be represented at the shareholders' meeting by one or more proxies. An institution acting as the proxy for a shareholder may

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appoint one and only one representative to act on behalf of the principal of the proxy at the meeting.

In the event of a virtual shareholders meeting, shareholders wishing to attend the meeting online shall register with the Company two days before the meeting date.

In the event of a virtual shareholders meeting, the Company shall upload the meeting agenda book, annual report and other meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting.

Article 6-1

To convene a virtual shareholders meeting, the Company shall include the follow particulars in the shareholders meeting notice:

How shareholders attend the virtual meeting and exercise their rights.
Actions to be taken if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events, at least covering the following particulars:

A. To what time the meeting is postponed or from what time the meeting will resume if the above obstruction continues and cannot be removed, and the date to which the meeting is postponed or on which the meeting will resume.
B. Shareholders not having registered to attend the affected virtual shareholders meeting shall not attend the postponed or resumed session.
C. In case of a hybrid shareholders meeting, when the virtual meeting cannot be continued, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the virtual shareholders meeting online, meets the minimum legal requirement for a shareholder meeting, then the shareholders meeting shall continue. The shares represented by shareholders attending the virtual meeting online shall be counted towards the total number of shares represented by shareholders present at the meeting, and the shareholders attending the virtual meeting online shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders meeting.
D. Actions to be taken if the outcome of all proposals have been announced and extraordinary motion has not been carried out.

To convene a virtual-only shareholders meeting, appropriate alternative measures available to shareholders with difficulties in attending a virtual shareholders meeting online shall be specified.

Article 07

Where the shareholders meeting is convened by the Board of Directors, the meeting shall be presided by the chairman of the Board of Directors. If the chairman is for whatever reason unable to carry out his/her functions at the meeting, the vice chairman shall act in his/her stand. If the Company has no vice chairman or the vice chairman is for whatever reason unable to carry out the function at the meeting either, the chairman shall appoint a standing director to act in his/her stand at the meeting. If the Company has no standing director, the chairman shall appoint a director to act in his/her stand. If above are not applicable, the directors or standing directors (if any) shall elect one from among themselves to preside the meeting.

If the abovementioned position of chairman be filled by a managing director or director, said managing director or director shall be one who has held office for more than six months and understands the company's financial and business conditions. The same applies if the position of chairman is held by a

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corporate director's representative.

Where the shareholders meeting is convened by any person legally authorized to do so other than the Board of Directors, the meeting shall be presided by the convener.

Where there are two or more conveners, they shall elect one from among themselves to preside the meeting.

The Company may appoint legal counsel(s), certified public accountant(s) and/or the relevant personnel to attend the shareholders' meeting without the right to vote.

Article 08

The company, beginning from the time it accepts shareholder attendance registrations, shall make an uninterrupted audio and video recording of the registration procedure, the proceedings of the shareholders meeting, and the voting and vote counting procedures.

The abovementioned video and audio materials shall be kept for at least one year. However, in the event that a lawsuit has been filed by shareholder(s) in accordance with Article 189 of the Company Act, said video and audio recordings shall be kept until the end of said lawsuit.

Where a shareholders meeting is held online, the Company shall keep records of shareholder registration, sign-in, check-in, questions raised, votes cast and results of votes counted by the Company, and continuously audio and video record, without interruption, the proceedings of the virtual meeting from beginning to end.

The information and audio and video recording in the preceding paragraph shall be properly kept by the Company during the entirety of its existence, and copies of the audio and video recording shall be provided to and kept by the party appointed to handle matters of the virtual meeting.

In case of a virtual shareholders meeting, the Company is advised to audio and video record the back-end operation interface of the virtual meeting platform.

Article 09

Attendance at shareholders meetings shall be calculated based on numbers of shares. The number of shares in attendance shall be calculated according to the shares indicated by the attendance book and sign-in cards handed in, and the shares checked in on the virtual meeting platform, plus the number of shares whose voting rights are exercised by correspondence or electronically.

The chair shall call the meeting to order at the appointed meeting time and disclose information concerning the number of nonvoting shares and number of shares represented by shareholders attending the meeting.

However, when the attending shareholders do not represent a majority of the total number of issued shares, the chair may announce a postponement, provided that no more than two such postponements, for a combined total of no more than one hour, may be made. If the quorum is not met after two postponements and the attending shareholders still represent less than one third of the total number of

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issued shares, the chair shall declare the meeting adjourned. In the event of a virtual shareholders meeting, the Company shall also declare the meeting adjourned at the virtual meeting platform.

If the quorum is not met after two postponements as referred to in the preceding paragraph, but the attending shareholders represent one third or more of the total number of issued shares, a tentative resolution may be adopted pursuant to Article 175, paragraph 1 of the Company Act; all shareholders shall be notified of the tentative resolution and another shareholders meeting shall be convened within one month. In the event of a virtual shareholders meeting, shareholders intending to attend the meeting online shall re-register to the Company in accordance with Article 6.

If, before the meeting ends, the total shares represented at the meeting account for half or more of the total issued shares of the Company, the chairperson may submit the temporary resolution adopted to the meeting for voting pursuant to Article 174 of the Company Act.

Article 10

Where the shareholders' meeting is convened by the Board of Directors, the agenda shall be determined by the Board of Directors and the meeting shall proceed according to the agenda except otherwise changed by the resolution adopted by the shareholders' meeting.

Where the shareholders' meeting is convened by any person legally authorized to do so other than the Board of Director, the preceding paragraph shall apply.

The chairperson shall not forthwith announce to adjourn the meeting before the agenda provided in the two preceding paragraphs (including extempore motions) is duly completed except on the resolution adopted by the shareholders' meeting for him/her to do so. In the event the chairperson announces to adjourn the meeting in contravention to these Rules, the other members of the Board of Directors present shall promptly assist the shareholders present at the meeting to duly elect, by a majority vote, one from among the directors present to preside to continue the meeting.

The chair shall allow ample opportunity during the meeting for explanation and discussion of proposals and of amendments or extraordinary motions put forward by the shareholders; when the chair is of the opinion that a proposal has been discussed sufficiently to put it to a vote, the chair may announce the discussion closed, call for a vote, and schedule sufficient time for voting.

Article 11

The shareholder shall fill out the speaking request form floor before making statement at the meeting and he/she will indicate the gist of his/her statement to make, shareholder account number (or attendance card number) and shareholder name. The chairperson will decide the order for the shareholders to make their statement.

The shareholder who has only filled out the speaking request form floor without actually doing so shall be deemed not having made any statement. In case of any discrepancy between the gist of statement indicated in the shareholder's speaking request and the actual statement made, the actual statement made shall govern.

The shareholder may speak on each proposal twice and only twice for not more than five minutes each except otherwise approved by the chairperson, provided that the chairperson may stop at any time the

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shareholder from taking the floor if such shareholder has acted in contravention of these Rules or is making statement out of the scope of the proposal being discussed.

No shareholder may interrupt the shareholder taking the floor without the consent of both of the chairperson and the shareholder taking the floor. The chairperson shall restrain any shareholder from acting in breach of the above.

An institutional shareholder who is represented by two or more appointed representatives at the meeting will have its statement on the same proposal made (if any) by one and only one of its appointed representatives.

The chairperson may personally respond to the statement made by the shareholder or appoint the relevant personnel to do so.

Where a virtual shareholders meeting is convened, shareholders attending the virtual meeting online may raise questions in writing at the virtual meeting platform from the chair declaring the meeting open until the chair declaring the meeting adjourned. No more than two questions for the same proposal may be raised. Each question shall contain no more than 200 words. The regulations in paragraphs 1 to 5 do not apply.

As long as questions so raised in accordance with the preceding paragraph are not in violation of the regulations or beyond the scope of a proposal, it is advisable the questions be disclosed to the public at the virtual meeting platform.

Article 12

The votes at the shareholders' meeting will be counted based on the number of shares.

The non-voting shares represented at the meeting shall be disregarded for the purpose of counting votes for adopting the resolution.

Shareholders who have personal conflict of interests against the Company on certain proposal shall not vote on that proposal, either for himself/herself or for another shareholder by proxy.

The non-voting shares provided in the preceding paragraph shall be excluded from the calculation of voting shares represented at the meeting.

Except trust businesses or stock affair agency approved by the competent securities authority, a proxy acting on behalf of two or more shareholders at the meeting will have the voting right by proxy representing not exceeding 3% of the total issued shares of the Company. Any vote cast by the proxy in excess of the said representation limit will be ignored.

Article 13

The shareholder will have one vote for each share held except where there is limitation on the voting right or the voting right is denied by operation of the second paragraph of Article 179 of the Company Act.

The voting power at a shareholders' meeting may be exercised by way of electronic transmission

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described in the shareholders' meeting notice. A shareholder who exercises his/her voting power at a shareholders meeting by way of electronic transmission shall be deemed to have attended the said shareholders' meeting in person, but shall be deemed to have waived his/her voting power in respective of any extemporary motion(s) and/or the amendment(s) to the contents of the original proposal(s) at the said shareholders' meeting.

In case a shareholder elects to exercise his/her/its voting power by way of electronic transmission, his/her declaration of intention shall be served to the company two days prior to the scheduled meeting date of the shareholders' meeting, whereas if two or more declarations of the same intention are served to the company, the first declaration of such intention received shall prevail; unless an explicit statement to revoke the previous declaration is made in the declaration which comes later.

After a shareholder has exercised voting rights by correspondence or electronic means, in the event the shareholder intends to attend the shareholders meeting in person or online, a written declaration of intent to retract the voting rights already exercised under the preceding paragraph shall be made known to the Company, by the same means by which the voting rights were exercised, before two business days before the date of the shareholders meeting. If the notice of retraction is submitted after that time, the voting rights already exercised by correspondence or electronic means shall prevail. When a shareholder has exercised voting rights both by correspondence or electronic means and by appointing a proxy to attend a shareholders meeting, the voting rights exercised by the proxy in the meeting shall prevail.

In case a shareholder has exercised his/her voting power by way of electronic transmission, and has also authorized a proxy to attend the shareholders' meeting in his/her behalf, then the voting power exercised by the authorized proxy for the said shareholder shall prevail.

Except as otherwise provided by the Company Act or the Articles of Incorporation of the Company, the resolution of a shareholders meeting shall be adopted by the majority vote represented at the meeting. For the purpose of voting, the chairperson shall announce the total number of votes represented and currently present at the meeting or appoint a personnel to do so each time before calling for voting on each proposal. The resolutions, whether agreement/disagreement/waiver, shall be uploaded to the MOPS website on the day which shareholder's meeting was held.

Upon voting for resolution on a proposal, if no opposition is expressed by shareholders present at the meeting, and shareholders either through electronic or written form, in response to the chairperson's invitation for opinion on that proposal, the resolution shall be deemed adopted unanimously and operate as one adopted by voting. In case an opposition is expressed, the proposal shall be voted in accordance with the preceding paragraph.

Where there is revision or substitute proposal on the same proposal, the chairperson shall combine them with that proposal for the purpose of determining their order of voting. If one of the proposals is adopted, the other proposals shall be deemed vetoed and no voting on them will be necessary.

The chairperson shall appoint vote supervisor and vote counter during the voting and the vote supervisor shall also be a shareholder. The vote counting for voting or election motions at the shareholders' meeting shall be conducted publicly at the meeting venue, after vote counting has been completed, the voting results shall be announced on the spot (including the tallied number of votes) and recorded accordingly.

When the Company convenes a virtual shareholders meeting, after the chair declares the meeting open,

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shareholders attending the meeting online shall cast votes on proposals and elections on the virtual meeting platform before the chair announces the voting session ends or will be deemed abstained from voting.

In the event of a virtual shareholders meeting, votes shall be counted at once after the chair announces the voting session ends, and results of votes and elections shall be announced immediately.

When the Company convenes a hybrid shareholders meeting, if shareholders who have registered to attend the meeting online in accordance with Article 6 decide to attend the physical shareholders meeting in person, they shall revoke their registration two days before the shareholders meeting in the same manner as they registered. If their registration is not revoked within the time limit, they may only attend the shareholders meeting online.

When shareholders exercise voting rights by correspondence or electronic means, unless they have withdrawn the declaration of intent and attended the shareholders meeting online, except for extraordinary motions, they will not exercise voting rights on the original proposals or make any amendments to the original proposals or exercise voting rights on amendments to the original proposal.

Article 14

The election of a director and or supervisor shall be in accordance with the relevant bylaw of the Company and the result of the election, including list of elected directors and Independent Directors and the number of votes they received, shall be announced on site.

The ballots of the election provided in the preceding paragraph shall be sealed and signed by the personnel supervising the voting and properly kept for at least one year or up through the conclusion of the shareholder action (if any) initiated under Article 189 of the Company Act.

Article 15

Each resolution adopted by the shareholders' meeting must be taken down in the meeting minutes which must be signed or impressed with the seal of the chairperson with a copy thereof sent to the shareholders each within twenty (20) after the end of the meeting.

The Company may publish the meeting minutes provided in the preceding paragraph on the MOPS website.

The meeting minutes shall accurately record the year, month, day, and place of the meeting, the chair's full name, the methods by which resolutions were adopted, and a summary of the deliberations and their voting results (including the number of voting rights), and disclose the number of voting rights won by each candidate in the event of an election of directors or supervisors.

Where a virtual shareholders meeting is convened, in addition to the particulars to be included in the meeting minutes as described in the preceding paragraph, the start time and end time of the shareholders meeting, how the meeting is convened, the chair's and secretary's name, and actions to be taken in the event of disruption to the virtual meeting platform or participation in the meeting online due to natural disasters, accidents or other force majeure events, and how issues are dealt with shall also be included in the minutes.

When convening a virtual-only shareholder meeting, other than compliance with the requirements in

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the preceding paragraph, the Company shall specify in the meeting minutes alternative measures available to shareholders with difficulties in attending a virtual-only shareholders meeting online.

Article 16

On the day of a shareholders meeting, the Company shall compile in the prescribed format a statistical statement of the number of shares obtained by solicitors through solicitation, the number of shares represented by proxies and the number of shares represented by shareholders attending the meeting by correspondence or electronic means, and shall make an express disclosure of the same at the place of the shareholders meeting. In the event a virtual shareholders meeting, the Company shall upload the above meeting materials to the virtual meeting platform at least 30 minutes before the meeting starts, and keep this information disclosed until the end of the meeting.

During the Company's virtual shareholders meeting, when the meeting is called to order, the total number of shares represented at the meeting shall be disclosed on the virtual meeting platform. The same shall apply whenever the total number of shares represented at the meeting and a new tally of votes is released during the meeting.

For each resolution adopted the publication of which is required by law or which belongs to the TWSE-required material information, the Company shall, within the applicable time limit, transmit it to the MOPS.

Article 17

The working staff of the meeting shall each wear an ID tag or badge.

The chairperson may direct the order-maintaining personnel or security guard to maintain the order of the meeting. The order-maintaining personnel or security guard shall each wear a badge or ID tag bearing their designation when performing their functions at the meeting.

The chairperson may stop the shareholder from making statements by using any equipment other than those readily facilitated by the meeting (if any).

If the shareholder ignores the chairperson's request for him/her to retrain himself/herself from acting in contravention of these Rules at the cost of the proceeding of the meeting, the chairperson may direct the order-maintaining personnel or security guard at the meeting to escort such shareholder out of the venue of the meeting.

Article 18

The chairperson may call the meeting to a break as he/she sees fit. In the event of force majeure. The chairperson may suspend the meeting and announce the appropriate date and hour to resume the meeting. In the event that the venue of the shareholders' meeting is kept from being available for use before the agenda (including extempore motions) is discussed in full, the shareholders' meeting may adopt the resolution for continuing the meeting elsewhere. The shareholders' meeting may adopt the resolution pursuant to Article 182 of the Company Act to re-schedule or resume the meeting within five days.

Article 19

In the event of a virtual shareholders meeting, the Company shall disclose real-time results of votes and

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election immediately after the end of the voting session on the virtual meeting platform according to the regulations, and this disclosure shall continue at least 15 minutes after the chair has announced the meeting adjourned.

Article 20

When the Company convenes a virtual-only shareholders meeting, both the chair and secretary shall be in the same location, and the chair shall declare the address of their location when the meeting is called to order.

Article 21

In the event of a virtual shareholders meeting, the Company may offer a simple connection test to shareholders prior to the meeting, and provide relevant real-time services before and during the meeting to help resolve communication technical issues.

In the event of a virtual shareholders meeting, when declaring the meeting open, the chair shall also declare, unless under a circumstance where a meeting is not required to be postponed to or resumed at another time under Article 44-20, paragraph 4 of the Regulations Governing the Administration of Shareholder Services of Public Companies, if the virtual meeting platform or participation in the virtual meeting is obstructed due to natural disasters, accidents or other force majeure events before the chair has announced the meeting adjourned, and the obstruction continues for more than 30 minutes, the meeting shall be postponed to or resumed on another date within five days, in which case Article 182 of the Company Act shall not apply.

For a meeting to be postponed or resumed as described in the preceding paragraph, shareholders who have not registered to participate in the affected shareholders meeting online shall not attend the postponed or resumed session.

For a meeting to be postponed or resumed under the second paragraph, the number of shares represented by, and voting rights and election rights exercised by the shareholders who have registered to participate in the affected shareholders meeting and have successfully signed in the meeting, but do not attend the postpone or resumed session, at the affected shareholders meeting, shall be counted towards the total number of shares, number of voting rights and number of election rights represented at the postponed or resumed session.

During a postponed or resumed session of a shareholders meeting held under the second paragraph, no further discussion or resolution is required for proposals for which votes have been cast and counted and results have been announced, or list of elected directors and supervisors.

When the Company convenes a hybrid shareholders meeting, and the virtual meeting cannot continue as described in second paragraph, if the total number of shares represented at the meeting, after deducting those represented by shareholders attending the virtual shareholders meeting online, still meets the minimum legal requirement for a shareholder meeting, then the shareholders meeting shall continue, and not postponement or resumption thereof under the second paragraph is required.

Under the circumstances where a meeting should continue as in the preceding paragraph, the shares represented by shareholders attending the virtual meeting online shall be counted towards the total number of shares represented by shareholders present at the meeting, provided these shareholders shall be deemed abstaining from voting on all proposals on meeting agenda of that shareholders

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meeting.

When postponing or resuming a meeting according to the second paragraph, the Company shall handle the preparatory work based on the date of the original shareholders meeting in accordance with the requirements listed under Article 44-20, paragraph 7 of the Regulations Governing the Administration of Shareholder Services of Public Companies.

For dates or period set forth under Article 12, second half, and Article 13, paragraph 3 of Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies, and Article 44-5, paragraph 2, Article 44-15, and Article 44-17, paragraph 1 of the Regulations Governing the Administration of Shareholder Services of Public Companies, the Company shall handle the matter based on the date of the shareholders meeting that is postponed or resumed under the second paragraph.

Article 22

When convening a virtual-only shareholders meeting, the Company shall provide appropriate alternative measures available to shareholders with difficulties in attending a virtual shareholders meeting online.

Article 23

These Rules and all subsequent amendments shall come into force after being adopted by the shareholders' meeting.

These Rules were duly established on April 16th, 1998 and the first amendment was approved on June 25th, 2010. The second amendment was approved on June 24th, 2011. The third amendment was approved on June 22th, 2012. The fourth amendment was approved on June 19th, 2013.

The fifth amendment was approved on June 18th, 2014. The sixth amendment was approved on June 22nd, 2017. The seventh amendment was approved on July 20th, 2021. The eighth amendment was approved on June 23rd, 2022.

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APPENDIX VIII

Shareholdings of Directors

In accordance with Article 26 of the Securities and Exchange Act: The aggregate minimum shareholding for all directors is 34,939,952 shares.
As of the date of record for the General Shareholder Meeting, i.e., March 29, 2026, the total shareholdings of directors were as follows:

Title	Name	Shares Held	Shares Ratio%
Director	KAI NAN INVESTMENT CO.,LTD	46,478,533	2.902
Director	KAO CHUAN INVESTMENT CO.,LTD	36,287,710	2.265
Director	CANKING INVESTMENT CO.,LTD	19,742,268	1.232
Director	HUI TUNG INVESTMENT CO.,LTD	11,901,642	0.743
Director	LEE,SHU-FEN	5,000	0
Director	JUANG,JING-YAU	3,500	0
Independent Director	PAI , CHUN-NAN	0	0
Independent Director	SONG, YUNG-FONG	0	0
Independent Director	HORNG , YUAN-CHUAN	0	0
Independent Director	YANG,HUI-CHU	0	0
TOTAL		114,419,153	7.142

AI assistant

President Securities Corporation — AGM Information 2026

52209_rns_2026-04-23_cd415168-bd66-4ab1-8234-4cb599fbcf4a.pdf

2026 General Shareholders' Meeting Meeting Agenda

Table of Contents

Appendixes

1. Meeting Agenda of 2026 General Shareholders' Meeting

2. Report Items

3. Items to be Adopted

Motion 1 (proposed by the Board of Directors)

Motion 2 (Proposed by the Board of Directors)

4. Items for Discussion

5. Provisional Motions

6. Meeting Adjourned

[Macroeconomic Environment and Business Plan]

[Implementation and Results]

[Profitability Analysis and Operating Income/Expenditure in Budget Execution]

[Future Operations]

PRESIDENT SECURITIES CORPORATION

Audit Committee's Review Report

INDEPENDENT AUDITORS' REPORT TRANSLATED FROM CHINESE

Opinion

Basis for opinion

Key audit matters

Fair value measurement of unlisted stocks without active market

Description

Auditors’ responsibilities for the audit of the parent company only financial statements

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

Opinion

Basis for Opinion

Key audit matters

Fair value measurement of unlisted stocks without active market

Description

How our audit addressed the matter

Other matter – Reference to the audits of other auditors

Other matter – Parent company only financial reports

Responsibilities of management and those charged with governance for the consolidated financial statements

Auditors’ responsibilities for the audit of the consolidated financial statements

PRESIDENT SECURITIES FOR PRELIMINARY AND SUBSIDIARIES

CONSOLIDATED AT HIS NON-CHEF CASH FLOWS

YEARS ENDED DECEMBER 31, 2025 AND 2024

President Securities Corporation

2025 Earnings Distribution Proposal

ARTICLES OF INCORPORATION OF PRESIDENT SECURITIES CORP.

Chapter I General Provisions

Article 1:

Article 2:

Article 2-1:

Article 2-2:

Article 3:

Article 4:

Chapter II Shares

Article 5:

Article 12:

Chapter IV Directors

Article 13:

Article 13-1:

Article 14:

Article 15:

Article 16:

Article 17:

Article 17-1:

Article 18:

Article 19:

Article 19-1

Chapter V Managerial officers

Article 20:

Chapter VI Accounting

Article 21:

Article 22:

President Securities Corporation

Rules and Procedures of Shareholders’ Meeting

Article 04

Article05

Article06

Article 6-1

Article 07

Article 08

President Securities Corporation AGM Information 2026