PSC — Audit Report / Information 2023

Dec 22, 2023

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’

REPORT

JUNE 30, 2023 AND 2022

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For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

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INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE

PWCR23001342

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 of June 30, 2023, December 31, 2022 and June 30, 2022, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the six months ended June 30, 2023 and 2022, and notes to the parent company only financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as of June 30, 2023, December 31, 2022 and June 30, 2022, and its parent company only financial performance and its parent company only cash flows for the six months ended June 30, 2023 and 2022 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 Auditing and Attestation of Financial Statements by 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 parent company only financial statements for the six months ended June 30, 2023. 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.

The key audit matters of the parent company only financial statements for the six months ended June 30, 2023 are 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 of June 30, 2023, the unlisted stocks without active market held by the Company totaled 289,729 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 measured its fair value by using comparable listed companies in 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 of management. 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.

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How our audit addressed the matter

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

• 1.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;

• 2.Ascertained whether the measurement methods used by the management is commonly used by the industry;

• 3.Assessed the reasonableness of parameter of similar companies used by management;

• 4.Examined inputs and calculation formulas used in valuation methods and agreed such data to supporting documents.

Impairment indication assessment of investments accounted for under the equity method

Description

Please refer to Note 4(13) for accounting policies on investments accounted for under the equity method and its impairment, Note 5(2) for the uncertainty of accounting estimates and assumptions applied on asset impairment, and Note 6(10) for details of investments accounted for under the equity method.

The Company held 42.46% of equity of Uni-President Asset Management Corp. which was accounted for under the equity method, and the excess of the carrying amount over the share of the investee company’s net assets is mainly goodwill. As of June 30, 2023, the amount was 679,010 thousand New Taiwan Dollars. Impairment assessment for the interim period was based on the review for indications of whether the investee was significantly impaired after the end of the prior financial year in order to determine whether a detailed calculation is needed.

As the review for indications of significant impairment involved multiple subjective judgements in relation to internal and external information, this significantly affected the result of the review for indications of significant impairment. Thus, we consider the impairment of investments accounted for under the equity method as a key audit matter.

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How our audit addressed the matter

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

• 1.Obtained management’s documents for reviewing indications of asset impairment and understood the approval process;

• 2.Sampled documents in relation to reviewing for indications of significant impairment, in order to understand reasonableness of the evidence.

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 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 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.

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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:

1. 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.

2. 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.

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

4. 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 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.

5. 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.

6. 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.

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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.

Lin, Se-Kai

Independent Auditors

Lo, Chiao-Sen

For and on behalf of PricewaterhouseCoopers, Taiwan August 24, 2023

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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 Standards on Auditing of 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 SECURITIES CORPORATION PARENT COMPANY ONLY BALANCE SHEETS JUNE 30, 2023, DECEMBER 31, 2022 AND JUNE 30, 2022

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	June 30,2023	% 3 41 3 12 - - 6 - 2 - 22 - - - 1 90 - - 7 2 - - - - 1 10 100	December31,2022 AMOUNT % $ 3,192,794 4 24,015,200 33 2,497,782 3 10,533,221 14 94,136 - 72,399 - 4,094,908 6 1,159,577 2 3,377,630 5 763 - 10,129,755 14 4,717 - 33,654 - 16,656 - 1,870,428 2 61,093,620 83 66,383 - 294,855 1 8,085,345 11 2,413,110 3 155,095 - 266,302 - 187,393 - 103,665 - 1,071,888 2 12,644,036 17 $ 73,737,656 100	June 30,2022
		AMOUNT $ 3,381,490 47,838,102 3,172,267 13,683,335 3,226 2,687 6,710,931 382,649 1,557,725 631 25,963,942 4,175 46,941 168,015 1,432,739 104,348,855 56,161 289,729 7,364,607 2,391,948 134,339 265,252 214,426 96,609 1,182,688 11,995,759 $ 116,344,614		AMOUNT $ 3,192,794 24,015,200 2,497,782 10,533,221 94,136 72,399 4,094,908 1,159,577 3,377,630 763 10,129,755 4,717 33,654 16,656 1,870,428 61,093,620 66,383 294,855 8,085,345 2,413,110 155,095 266,302 187,393 103,665 1,071,888 12,644,036 $ 73,737,656	AMOUNT $ 3,305,288 19,705,403 317,492 12,281,420 2,543 2,117 2,877,903 326,981 2,688,313 683 17,745,020 5,664 37,665 301,222 2,685,711 62,283,425 63,459 264,956 7,226,016 2,334,163 183,171 267,352 158,058 131,306 1,063,028 11,691,509 $ 73,974,934	%
110000 Current assets 111100 Cash and cash equivalents 112000 Financial assets at fair value through profit or loss - current 113200 Financial assets at fair value through other comprehensive income - current 114030 Margin loans receivable 114040 Refinancing security deposits 114050 Receivables from refinance guaranty 114060 Receivable of securities business money lending 114090 Receivables from security lending 114100 Security lending deposits 114110 Notes receivable 114130 Accounts receivable 114140 Accounts receivable - related parties 114150 Prepayments 114170 Other receivables 119000 Other current assets 110000 Total current assets 120000 Non-current assets 122000 Financial assets at fair value through profit or loss - non- current 123200 Financial assets at fair value through other comprehensive income - non-current 124100 Investments accounted for under the equity method 125000 Property and equipment, net 125800 Right-of-use assets 126000 Investment property 127000 Intangible assets 128000 Deferred tax assets 129000 Other assets - non-current 120000 Total non-current assets 906001 Total Assets	6(1) 6(2) 6(3) 6(4) 6(5) 6(5) 6(6) 6(7) 6(2) 6(3) 6(10) 6(11) 6(12) 6(14) 6(15) 6(45) 6(16)					4 27 - 17 - - 4 - 4 - 24 - - - 4
						84
						- 1 10 3 - - - - 2
						16
						100

(Continued)

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PRESIDENT SECURITIES CORPORATION PARENT COMPANY ONLY BALANCE SHEETS JUNE 30, 2023, DECEMBER 31, 2022 AND JUNE 30, 2022

(Expressed in thousands of New Taiwan dollars)

Liabilities andEquity	Notes	June 30,2023	% 9 20 6 8 1 1 1 - 21 - 1 2 4 - - - 74 - - - - - 74 13 - 3 8 1 1 26 100	December31,2022 June 30,2022 AMOUNT % AMOUNT $ 275,000 - $ 2,225,000 5,827,431 8 2,899,480 9,156,084 12 6,953,344 6,965,424 10 2,075,715 1,809,356 3 1,001,979 1,809,962 3 1,224,185 1,806,591 2 2,531,448 269,029 - 201,740 10,730,645 15 14,622,433 29 - 1,359 743,518 1 540,171 1,443,038 2 4,395,071 2,784,086 4 6,229,944 128,431 - 66,832 65,653 - 66,588 72,006 - 72,688 43,886,283 60 45,107,977 15,418 - 15,372 82,231 - 107,459 11,317 - 1,569 23,315 - 64,862 132,281 - 189,262 44,018,564 60 45,297,239 14,558,313 20 14,558,313 91,261 - 91,261 3,877,849 5 3,877,849 9,090,989 12 9,090,989 816,933 1 ( 161,611) 1,283,747 2 1,220,894 29,719,092 40 28,677,695 $ 73,737,656 100 $ 73,974,934	June 30,2022
		AMOUNT $ 10,064,854 23,269,671 7,108,202 9,915,036 715,580 911,453 1,014,235 426,518 24,329,203 611 611,576 2,298,820 4,504,843 132,380 62,529 74,163 85,439,674 15,463 65,507 25,461 23,066 129,497 85,569,171 14,558,313 91,261 3,959,127 9,253,546 1,633,347 1,279,849 30,775,443 $ 116,344,614		AMOUNT $ 275,000 5,827,431 9,156,084 6,965,424 1,809,356 1,809,962 1,806,591 269,029 10,730,645 29 743,518 1,443,038 2,784,086 128,431 65,653 72,006 43,886,283 15,418 82,231 11,317 23,315 132,281 44,018,564 14,558,313 91,261 3,877,849 9,090,989 816,933 1,283,747 29,719,092 $ 73,737,656		%
210000 Current liabilities 211100 Short-term loans 211200 Commercial papers payable 212000 Financial liabilities at fair value through profit or loss - current 214010 Bonds sold under repurchase agreements 214040 Deposits on short sales 214050 Short sale proceeds payable 214070 Guarantee deposit received on borrowed securities 214090 Equity for each customer in the account 214130 Accounts payable 214150 Advance receipts 214160 Collections on behalf of third parties 214170 Other payables 214200 Other financial liabilities - current 214600 Current tax liability 216000 Current lease liabilities 219000 Other current liabilities 210000 Total current liabilities 220000 Non-current liabilities 225100 Non-current provisions 226000 Non-current lease liabilities 228000 Deferred tax liability 229000 Other liabilities - non-current 220000 Total non-current liabilities 906003 Total Liabilities 301000 Capital 301010 Common stock 302000 Capital reserve 304000 Retained earnings 304010 Legal reserve 304020 Special reserve 304040 Unappropriated earnings 305000 Other equity interest 906004 Total equity 906002 Total liabilities and equity	6(17) 6(18) 6(19) 6(20) 6(21) 6(22) 6(23) 6(45) 6(45) 6(24) 6(26) 6(26) 6(26)(27)					3 4 9 3 1 2 4 - 20 - 1 6 8 - - -
						61
						- - - -
						-
						61
						20 - 5 12 - 2
						39
						100

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

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PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except earnings (loss) per share)

Items

Six months ended June 30 2023 2022 Notes AMOUNT % AMOUNT % 6(28) $ 1,204,523 28 $ 1,290,983 63 6(29) 49,607 1 26,099 1 17,269 1 21,758 1 6(30) 950,703 22 ( 2,125,779) ( 103 ) 45,534 1 44,335 2 6(31) 595,874 14 504,735 25 2,798,928 65 1,030,323 50 6(32) 525,888 12 ( 2,384,796) ( 116 ) 6(33) ( 39,224 ) ( 1) 26,009 1 6(34) ( 949,571 ) ( 22) 1,671,634 81 ( 221,726 ) ( 5) 523,804 25 4,765 - 6,995 - 6(35) ( 247,773 ) ( 6) 1,265,442 62 15,087 - 22,204 1 6(36) ( 709,409 ) ( 16) ( 131,281) ( 6 ) 6(37) ( 7,401 ) - 16,166 1 6(38) 260,057 6 246,027 12 4,293,131 100 2,054,658 100 6(39) ( 180,118 ) ( 4) ( 199,863) ( 10 ) ( 4,574 ) - ( 4,730) - 6(40) ( 359,047 ) ( 9) ( 32,968) ( 2 ) ( 43 ) - ( 45) - ( 8,866 ) - ( 11,173) - ( 96 ) - ( 2) - 6(41) ( 1,365,087 ) ( 32) ( 1,024,235) ( 50 ) 6(42) ( 133,592 ) ( 3) ( 105,651) ( 5 ) 6(43) ( 811,965 ) ( 19) ( 823,857) ( 40 ) ( 2,863,388 ) ( 67) ( 2,202,524) ( 107 ) 1,429,743 33 ( 147,866) ( 7 ) 6(10) 226,299 5 11,516 1 6(44) 113,670 3 71,214 3 1,769,712 41 ( 65,136) ( 3 ) 6(45) ( 141,689 ) ( 3) ( 100,625) ( 5 ) $ 1,628,023 38 ($ 165,761) ( 8 )

400000 Revenues 401000 Brokerage handling fee revenue 404000 Revenues from underwriting business 406000 Net gain (loss) on wealth management 410000 Net gain (loss) on sale of trading securities 421100 Revenue from providing agency service for stock affairs 421200 Interest revenue 421300 Dividend revenue 421500 Net valuation gain (loss) on operating securities at fair value through profit or loss 421600 Net gain (loss) on covering of borrowed securities and bonds with resale agreements-short sales 421610 Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss 422000 Net gain (loss) on issuance of ETNs 422100 Administrative and handling fee revenues from issuance of ETNs 422200 Net gain (loss) from issuance of call (put) warrants 424100 Future commission revenue 424400 Net gain (loss) from derivatives 425300 Expected credit impairment loss and reversal of impairment gain 428000 Other operating income Total revenue 500000 Expenditures and expenses 501000/ 502000/ 503000 Handling charges 507000 ETNs administrative expenses 521200 Finance costs 524200 Securities commission expense 524300 Expense of clearing and settlement 528000 Other operating expenditure 531000 Employee benefits expense 532000 Depreciation and amortization 533000 Other operating expense Total expenditure and expense Operating profit (loss) 601100 Share of the profit or loss of associates and joint ventures accounted for under the equity method 602000 Other gains and losses 902001Profit (loss) before tax 701000 Income tax (expense) benefit 902005Net income (loss)

(Continued)

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PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except earnings (loss) per share)

Items

Six months ended June 30 2023 2022 Notes AMOUNT % AMOUNT % 6(3) $ 79,915 2 ($ 86,384) ( 4 ) 41,258 1 ( 141,222) ( 7 ) ( 75,481 ) ( 2) 138,999 7 ( 49,590 ) ( 1) - - ( $ 3,898 ) - ($ 88,607) ( 4 ) $ 1,624,125 38 ($ 254,368) ( 12 ) $ 1.12 ($ 0.11) $ 1.12 ($ 0.11)

Other comprehensive income Components of other comprehensive income that will not be reclassified to profit or loss 805540 Net unrealised gain (loss) from investments in equity instruments at fair value through other comprehensive income 805560 Other comprehensive income (loss) of subsidiaries, associates, and joint ventures accounted for under the equity method - not reclassified to profit or loss Items may be reclassified to profit of loss subsequently 805610 Translation gain (loss) on the financial statements of foreign operating entities 805615 Net unrealised gain (loss) from investments in debt instruments at fair value through other comprehensive income 805000 Current other comprehensive income (loss) (post-tax) 902006Total current comprehensive income (loss) 975000 Basic earnings (loss) per share (in dollars) 985000 Diluted earnings (loss)per share (in dollars)

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

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PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

For the six months ended June 30, 2022 Balance at January 1, 2022 Net income (loss) for the six months ended June 30, 2022 Other comprehensive income (loss) for the six months ended June 30, 2022 Total comprehensive income (loss) Appropriations of 2021 earnings Legal reserve Special reserve Cash dividends Balance at June 30, 2022 For the six months ended June 30, 2023 Balance at January 1, 2023 Net income (loss) for the six months ended June 30, 2023 Other comprehensive income (loss) for the six months ended June 30, 2023 Total comprehensive income (loss) Appropriations of 2022 earnings Legal reserve Special reserve Cash dividends Balance at June 30, 2023	Notes		Commonstock		Capital reserve				RetainedEarnings			Otherequityinterest	Otherequityinterest		Totalequity
							Legal reserve		Special reserve		Unappropriated earnings (Accumulated deficit)	Exchange differences on translation of foreign financial statements	Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income
	6(26) 6(26)		$ 14,558,313 - - - - - - $ 14,558,313 $ 14,558,313 - - - - - - $ 14,558,313		$ 91,261 - - - - - - $ 91,261 $ 91,261 - - - - - - $ 91,261		$ 3,487,748 - - - 390,101 - - $ 3,877,849 $ 3,877,849 - - - 81,278 - - $ 3,959,127		$ 8,314,199 - - - - 776,790 - $ 9,090,989 $ 9,090,989 - - - - 162,557 - $ 9,253,546	$ 3,922,562 ( 165,761 ) - ( 165,761 ) ( 390,101 ) ( 776,790 ) ( 2,751,521 ) ($ 161,611 ) $ 816,933 1,628,023 - 1,628,023 ( 81,278 ) ( 162,557 ) ( 567,774 ) $ 1,633,347		($ 65,809 ) - 138,999 138,999 - - - $ 73,190 $ 103,010 - ( 75,481 ) ( 75,481 ) - - - $ 27,529	$ 1,375,310 - ( 227,606 ) ( 227,606 ) - - - $ 1,147,704 $ 1,180,737 - 71,583 71,583 - - - $ 1,252,320	$ 31,683,584 ( 165,761 ) ( 88,607 ) ( 254,368 ) - - ( 2,751,521 ) $ 28,677,695 $ 29,719,092 1,628,023 ( 3,898 ) 1,624,125 - - ( 567,774 ) $ 30,775,443

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

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PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) before tax Adjustments Adjustments to reconcile profit (loss) Net valuation (gain) loss on operating securities at fair value through profit or loss Net valuation (gain) loss on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss Expected credit impairment loss and reversal of impairment gain Depreciation Amortization Financial expense Interest income (include financial income) Dividend income Share of profit of subsidiaries, associates and joint ventures accounted for under the equity method (Gain) loss on disposal of investments (Gain) loss from lease modification (Gain) loss on valuation of non-operating financial instruments Changes in operating assets and liabilities Changes in operating assets Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Bonds purchased under resale agreements Margin loans receivable Refinancing security deposits Receivables from refinance guaranty Receivable of securities business money lending Receivables from security lending Security lending deposits Notes receivable Accounts receivable Accounts receivable - related parties Prepayments Other receivables Other current assets Changes in operating liabilities Financial liabilities at fair value through profit or loss Bonds sold under repurchase agreements Deposits on short sales Short sale proceeds payable Guarantee deposit received on borrowed securities Equity for each customer in the account Accounts payable Advance receipts Collections on behalf of third parties Other payable Other financial liabilities - current Other current liabilities

Six months ended June 30 Notes 2023 2022 $ 1,769,712 ( $ 65,136 ) 6(2)(32) ( 525,888 ) 2,384,796 6(34) 949,571 ( 1,671,634 ) 6(37) 8,139 ( 15,802 ) 6(42) 102,709 85,404 6(42) 30,883 20,247 6(40) 359,047 32,968 6(31)(44) ( 632,960 ) ( 511,126 ) ( 2,807,382 ) ( 1,039,251 ) 6(10) ( 226,299 ) ( 11,516 ) ( 228 ) - 1 ( 92 ) 6(44) 2,795 ( 915 ) ( 23,289,406 ) 11,196,734 ( 592,875 ) - - 27,401 ( 3,158,596 ) 6,077,749 90,910 27,387 69,712 22,816 ( 2,616,023 ) ( 1,295,910 ) 776,928 74,038 1,819,905 ( 1,251,018 ) 132 ( 213 ) ( 12,938,552 ) ( 260,271 ) 542 ( 872 ) ( 13,287 ) ( 16,606 ) ( 2,931 ) ( 6,303 ) 437,689 5,306,609 ( 2,997,453 ) 453,243 2,949,612 ( 7,567,325 ) ( 1,093,776 ) ( 200,608 ) ( 898,509 ) ( 334,977 ) ( 792,356 ) 562,241 157,489 103,744 13,378,764 ( 2,793,970 ) 582 878 ( 131,942 ) ( 5,199,679 ) 284,270 ( 860,417 ) 1,720,757 1,246,805 2,157 ( 406 )

(Continued)

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PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Cash (outflow) inflow generated from operations Interest received Dividends received Income tax paid Net cash flows (used in) from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment Acquisition of intangible assets (Increase) decrease in other non-current assets (Increase) decrease in prepayment for equipment Proceeds from disposal of investments accounted for using equity method Net cash flows used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in short-term loans Increase (decrease) in commercial papers payable Increase (decrease) in other non-current liabilities Payments of lease liabilities Interest paid Net cash flows from (used in) financing activities Effect of exchange rate changes on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period

Six months ended June 30 Notes 2023 2022 ( $ 27,806,157 ) $ 4,519,013 635,398 542,730 803,395 88,326 ( 116,540 ) ( 632,782 ) ( 26,483,904 ) 4,517,287 6(11) ( 19,604 ) ( 38,772 ) 6(15) ( 9,283 ) ( 20,055 ) ( 135,088 ) 45,542 ( 49,666 ) ( 77,029 ) 61,882 - ( 151,759 ) ( 90,314 ) 9,789,854 1,635,000 17,470,000 ( 5,750,000 ) ( 249 ) ( 16,888 ) ( 34,665 ) ( 34,326 ) ( 363,342 ) ( 36,821 ) 26,861,598 ( 4,203,035 ) ( 37,239 ) ( 1,608 ) 188,696 222,330 3,192,794 3,082,958 $ 3,381,490 $ 3,305,288

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

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PRESIDENT SECURITIES CORPORATION

NOTES TO THE PARENT COMPANY ONLY FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

1. HISTORY AND ORGANIZATION

• 1) President Securities Corporation (the “Company”) was incorporated as a company limited by shares under the provisions of the Company Law of the Republic of China (R.O.C.) on December 17, 1988 and was renamed as President Securities Corporation on March 4, 1989. The Company started commercial operations on April 3, 1989. As of June 30, 2023, the Company had 31 operating branches (including the Head Office) and established Offshore Securities Unit in July 2014.

• 2) The Company is primarily engaged in underwriting of securities, dealing or brokerage business of securities at the securities exchange markets and business premises, registration and transfer agency service for securities, margin loans and short sales business of securities, securities lending and borrowing business, futures introducing brokerage services, futures dealing, issuance of call (put) warrants, new financial instrument transactions, wealth management business, and trust business.

• 3) The Company’s shares are listed on the Taiwan Stock Exchange.

• 4) The number of employees of the Company were 1,444 and 1,440, as of June 30, 2023 and 2022, respectively.

• THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE FINANCIAL

STATEMENTS AND PROCEDURES FOR AUTHORIZATION

These parent company only financial statements were authorized for issuance by the Board of Directors on August 24, 2023.

1. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

2. 1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS”) that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments endorsed by FSC and became effective from 2023 are as follows:

from 2023 are as follows:
New Standards,Interpretations and Amendments	Effective Date by International Accounting Standards Board
Amendments to IAS 1, ‘Disclosure of accounting policies’ Amendments to IAS 8, ‘Definition of accounting estimates’ Amendments to IAS 12, ‘ Deferred tax related to assets and liabilities arising from a single transaction’	January 1, 2023 January 1, 2023 January 1, 2023

The above standards and interpretations have no significant impact to the Company’s

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financial condition and financial performance based on the Company’s assessment.

• 2) Effect of new issuances of or amendments to IFRSs as endorsed by the FSC but not yet adopted by the Company

None.

3) IFRSs issued by IASB but not yet endorsed by the FSC

New standards, interpretations and amendments issued by IASB but not yet included in the IFRSs endorsed by the FSC are as follows:

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Effective Date by
International Accounting
New Standards, Interpretations and Amendments Standards Board
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IFRSs endorsed by the FSC are as follows: New Standards, Interpretations and Amendments	Effective Date by International Accounting Standards Board
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets	To be determined by
between an investor and its associate or joint venture’	International Accounting
	Standards Board
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’	January 1, 2024
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17,‘Insurance contracts’	January 1, 2023
Amendment to IFRS 17,‘Initial application of IFRS 17 and IFRS 9 – comparative information’	January 1, 2023
Amendments to IAS 1,‘Classification of liabilities as current or non- current’	January 1, 2024
Amendments to IAS 1, ‘Non-current liabilities with covenants’	January 1, 2024
Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024
Amendments to IAS 12, ‘International tax reform - pillar two model rules’	May 23, 2023

The above standards and interpretations have no significant impact to the Company’s financial condition and financial performance based on the Company’s assessment.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of the Company’s financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

1) Compliance statement

The financial statements of the Company have been prepared 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”.

2) Basis of preparation

• A. Except for the following items, these financial statements have been prepared under the historical cost convention:

• (A) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.

• (B) Financial assets at fair value through other comprehensive income.

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  - (C) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligations.

• B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretation that came into effect as endorsed by the FSC (collectively referred herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 5.

• 3) Classification of current and non-current items

• A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:

  • (A) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle;

  • (B) Assets held mainly for trading purposes;

  • (C) Assets that are expected to be realized within twelve months from the balance sheet date;

  • (D) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to pay off liabilities more than twelve months after the balance sheet date.

• B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:

  • (A) Liabilities that are expected to be paid off within the normal operating cycle;

  • (B) Liabilities arising mainly from trading activities;

  • (C) Liabilities that are to be paid off within twelve months from the balance sheet date;

  • (D) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

• 4) Translation of foreign currency transactions

• A. Foreign currency translation and presentation

  • Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the “functional currency”). Functional currency and bookkeeping currency of the Company is New Taiwan Dollars.

• B. Foreign currency transactions and balances

  • Foreign currency transactions denominated in a foreign currency or required to settle in

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a foreign currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions.

Assets and liabilities denominated in foreign currency are translated by the closing exchange rate at balance sheet date. The closing exchange rate is determined by the market exchange rate. Non-monetary assets and liabilities denominated in foreign currencies which are carried at historical cost are re-translated at the exchange rates prevailing at the original transaction date. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are retranslated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income.

• C. Translation of foreign operations

The operating results and financial position of all the company entities, associates and joint arrangements that have a functional currency different from the presentation currency are translated into the presentation currency as follows:

  - (A) Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;

  - (B) Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and

  - (C) All resulting exchange differences are recognized in other comprehensive income.

• 5) Cash and cash equivalents

• A. In the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with banks, and other short-term highly liquid investments.

• B. Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

• 6) Financial assets at fair value through profit or loss

• A. Financial assets at fair value through profit or loss are financial assets that are not measured at amortized cost or fair value through other comprehensive income.

• B. On a regular way purchase or sale basis, financial assets at fair value through profit or loss are recognized and derecognized using trade date accounting.

• C. At initial recognition, the Company measures the financial assets at fair value and recognizes the transaction costs in profit or loss. The Company subsequently measures the financial assets at fair value and recognizes the gain or loss in profit or loss.

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• D. The Company recognizes the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably.

• 7) Financial assets at fair value through other comprehensive income

• A. Financial assets at fair value through other comprehensive income comprise equity securities which are not held for trading, and for which the Company has made an irrevocable election at initial recognition to recognize changes in fair value in other comprehensive income and debt instruments which meet all of the following criteria:

  • (A)The objective of the Company’s business model is achieved both by collecting contractual cash flows and selling financial assets; and

  • (B)The assets’ contractual cash flows represent solely payments of principal and interest.

• B. On a regular way purchase or sale basis, financial assets at fair value through other comprehensive income are recognized and derecognized using trade date accounting.

• C. At initial recognition, the Company measures the financial assets at fair value plus transaction costs. The Company subsequently measures the financial assets at fair value:

  • (A)The changes in fair value of equity investments that were recognized in other comprehensive income are reclassified to retained earnings and are not reclassified to profit or loss following the derecognition of the investment. Dividends are recognized as revenue when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably.

  • (B)Except for the recognition of impairment loss, interest income and gain or loss on foreign exchange which are recognized in profit or loss, the changes in fair value of debt instruments are taken through other comprehensive income. When the financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss.

• 8) Notes and accounts receivable, other receivables and margin loans receivable

• A. Accounts and notes receivable and margin loans receivables entitle the Company a legal right to receive consideration in exchange for transferred goods or rendered services.

• B. The short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.

• 9) Bonds sold under repurchase agreements and bonds purchased under resale agreements Bond transactions under repurchase or resale agreements are stated at the amount of actual payment or receipt. When transactions of bonds with a condition of resale agreements occur, the actual payment or receipt shall be recognized in ‘bonds purchased under resale agreements’ under current assets. When transactions of bonds with a condition of repurchase agreements occur, the actual payment or receipt shall be recognized in ‘bonds

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sold under repurchase agreements’ under current liabilities. Any difference between the actual payment/receipt and predetermined redemption (repurchase) price is recognized in interest income or interest expense.

10) Impairment of financial assets

For debt instruments measured at fair value through other comprehensive income, at each reporting date, the Company recognizes the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Company recognizes the impairment provision for lifetime ECLs.

11) Derecognition of financial instruments

• A. Derecognition of financial assets

• The Company derecognizes a financial asset when one of the following conditions is met:

• (A) The contractual rights to receive cash flows from the financial asset expire.

• (B) The contractual rights to receive cash flows from the financial asset have been transferred and the Company has transferred substantially all risks and rewards of ownership of the financial asset.

• (C) The contractual rights to receive cash flows of the financial asset have been transferred; however, the Company has not retained control of the financial asset.

• B. Derecognition of financial liabilities

• A financial liability is derecognized when the obligation under the liability specified in the contract is discharged or cancelled or expires.

12) Offsetting financial instruments

Financial assets and liabilities are offset and reported in the net amount in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously.

13) Investments accounted for under the equity method/Subsidiaries and associates

• A. Subsidiaries are all entities (including structured entities) controlled by the Company. The Company controls an entity when the Company is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Investments in subsidiaries are accounted for using the equity method and are initially recognized at cost.

• B. Unrealized gains on transactions between the Company and its subsidiaries are

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eliminated to the extent of the Company’s interest in the subsidiaries. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Company.

• C. The Company’s share of its subsidiaries’ post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income. When the Company’s share of losses in a subsidiary equals or exceeds its interest in the subsidiary, including any other unsecured receivables, the Company does not recognize further losses.

• D. Associates are all entities over which the Company has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for using the equity method and are initially recognized at cost.

• E. The Company’s share of its associates’ post-acquisition profits or losses is recognized in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income. When the Company’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Company does not recognize further losses, unless it has incurred statutory/constructive obligations or made payments on behalf of the associate.

• F. When changes in an associate’s equity that are not recognized in profit or loss or other comprehensive income of the associate and such changes not affecting the Company’s ownership percentage of the associate, the Company recognizes its share of change in equity of the associate in ‘capital surplus’ in proportion to its ownership.

• G. Unrealized gains on transactions between the Company and its associates are eliminated to the extent of the Company’s interest in the associates. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Company.

• H. According to "Regulations Governing the Preparation of Financial Reports by Securities Firms", the profit or loss for the period and other comprehensive income presented in parent company only financial statements shall be the same as the allocations of profit or loss for the period and of other comprehensive income attributable to owners of the parent presented in the consolidated financial statements

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and the owners' equity presented in the parent company only financial statements shall be the same as the equity attributable to owners of the parent presented in the consolidated financial statements.

• I. When there are objective evidences of impairment, at balance sheet date, the Company considers the whole investment carrying amount as single asset, and compares its recoverable amount (value in use or fair value less costs of disposal) with the carrying amount, to test its impairment. Value in use is determined by the present value of the Company’s share of the expected future cash flow from the associates. If the recoverable amount is less than its carrying amount, an impairment loss should be recognized. The loss will not be allocated to any of the components (including goodwill), which comprise the carrying amount of the investment. An impairment loss recognized in prior periods shall be reversed if circumstances of impairment no longer exist or have decreased.

14) Property and equipment

• A. Property and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalized.

• B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.

• C. Land is not depreciated. Other property and equipment are subsequently measured using the cost model and depreciated using the straight-line method to allocate their cost over their estimated useful lives.

• D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each balance sheet date. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property and equipment are as follows:

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Buildings Equipment Leasehold improvements	Useful lives
	5~50 years 3~10 years 5 years

E. When an asset is sold or retired, the cost and accumulated depreciation are removed from the respective accounts and the resulting gain or loss is included in current operations.

15) Leasing arrangements (lessee) － right-of-use assets/ lease liabilities

• A. Leases are recognized as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of low value assets, lease payments are recognized as an expense on a straightline basis over the lease term.

• B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are mainly comprised of fixed payments.

  • The Group subsequently measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.

• C. At the commencement date, the right-of-use asset is stated at cost comprising mainly the amount of the initial measurement of lease liability.

  • The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognized as an adjustment to the right-of-use asset.

• 16) Investment property

• A. Investment property of the Company is the property held either to earn long-term rental income or for capital appreciation or for both.

• B. Part of the property may be held by the Company for self-use purpose and the remaining are used to generate rental income or capital appreciation. If the property held by the Company can be sold individually, then the accounting treatment should be made respectively. If each part of the property cannot be sold individually and the selfuse proportion is not material, then the property is deemed as investment property in its entirety.

• C. When the future economic benefit related to the investment property is highly likely to flow into the Company and the costs can be reliably measured, the investment property

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shall be recognized as assets. When the future economic benefit generated from subsequent costs is highly likely to flow into the entity and the costs can be reliably measured, the subsequent expenses of the assets shall be capitalized. All maintenance costs are recognized in profit or loss as incurred.

• D. Investment property is subsequently measured using the cost model. Depreciated cost is used to calculate amortization expense after initial measurement. The depreciation method, remaining useful life and residual value should apply the same rules as applicable for property and equipment.

• 17) Intangible assets

• A. The cost of computer software is amortized using the straight-line method over the useful lives based on acquisition cost, with an amortization period of 4 years.

• B. In accordance with IFRS 3 ‘Business combinations’ as endorsed by FSC, goodwill arises when the acquisition cost exceeds the fair value of identifiable assets and liabilities of the consolidated subsidiary on the consolidation date. The goodwill arising from the consolidated subsidiary is included in the intangible asset. Goodwill is tested annually for impairment and any impairment loss will be recognized when impairment occurs. Impairment losses on goodwill are not reversed.

• 18) Impairment of non-financial assets

• A. The Company assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. Except for goodwill, when the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized.

• B. The recoverable amounts of goodwill, intangible assets with an indefinite useful life and intangible assets that have not yet been available for use are evaluated periodically. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognized in profit or loss shall not be reversed in the following years.

• C. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of cash-generating units, that is expected to benefit from the synergies of the business combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.

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19) Financial liabilities at fair value through profit or loss

• A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges.

• B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss.

20) Contingent liabilities

Contingent liability is a possible obligation that arises from past event, whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. Or it could be a present obligation as a result of past event but the payment is not probable or the amount cannot be measured reliably. The Company did not recognize any contingent liabilities but made appropriate disclosure in compliance with relevant regulations.

• 21) Employee benefits

• A. Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expenses in that period when the employees render service.

• B. Termination benefits

Termination benefits are employee benefits provided in exchange for the termination of employment as a result from either the Company’s decision to terminate an employee’s employment before the normal retirement date, or an employee’s decision to accept an offer of redundancy benefits in exchange for the termination of employee. The Company recognized expense as it can no longer withdraw an offer of termination benefit or it recognizes relating restructuring costs, whichever is earlier. Benefits that are expected to be due more than 12 months after balance sheet date shall be discounted to their present value.

• C. Pensions

• (A) Defined contribution plans

Effective July 1, 2005, the Company established the defined contribution plan for employees of R.O.C. nationality. The employees have the option to participate in the New Plan. Under the New Plan, the Company contributes monthly an amount equivalent to 6% of employees’ salaries to the employees’ personal pension accounts with the “Bureau of Labor Insurance”. Benefits accrued under the New Plan are portable upon termination of employment. Net defined benefit asset can only be recognized when there is a cash refund or elimination in the future accrued

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pension liabilities.

• (B) Defined benefit plans

• a. In a defined benefit plan, the pension paid is determined based on the amount that an employee shall receive upon retirement, which could vary with age, work seniority and salary compensations. The Company recognizes the accrued pension obligations in the balance sheet based on the net amount of actuarial present value of defined benefit obligation less the fair value of fund, which is adjusted with the net of past service cost recognized as liabilities. Defined benefit obligation is assessed annually using projected unit credit method by the actuary. The present value of the defined benefit obligation is determined using the market yield of government bonds of a currency and term consistent with the currency and term of the employment benefit obligations.

• b. Remeasurement arising on defined benefit plans are recognized in other comprehensive income in the period in which they arise and are recorded as retained earnings.

• c. Pension cost for the interim period is calculated on a year-to-date basis by using the pension cost rate derived from the actuarial valuation at the end of the prior financial year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. Also, the related information is disclosed accordingly.

• D. Employees’ remuneration and directors’ remuneration

• Employees’ and directors’ remuneration are recognized as expenses and liabilities, provided that such recognition is required under legal or constructive obligation and those amounts can be reliably estimated. Any difference between the resolved amounts and the subsequently actual distributed amounts is accounted for as changes in estimates.

22) Revenues and expenses

The Company’s revenues and expenses mainly include:

• A. Gains (losses) on sale of securities, securities brokerage fees, and commissions on brokerage and trading are recognized on the transaction date.

• B. Underwriting fees and related service charges: application fees are recognized upon collection; underwriting fees and service charges are recognized when the contract is completed.

• C. Gains (losses) on futures contracts: The margin of futures transaction is recognized as cost. Costs and expenses are recognized as incurred.

• D. Operating expenses: operating expenses refer to required expenses invested in the Company’s operations, which primarily include employee benefit expense, depreciation and amortization, and other business and administrative expenses.

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23) Income tax

A. Current income tax

Income tax payable (refundable) is calculated on the basis of the tax laws enacted in the countries where a company operates and generates taxable income. Except for the transactions or other matters directly recognized in other comprehensive income or equity, in which cases the related income taxes in the period are recognized in other comprehensive income or directly derecognized from equity, all the others should be recognized as income or expense for the period.

• B. Deferred income tax

Deferred income tax assets and liabilities are measured based on the tax rate of the anticipated period that the future assets realization or the liabilities settlement requires, which is based on the effective or existing tax rate at the balance sheet date. The carrying amounts and temporary differences of assets and liabilities included in the balance sheet are calculated using the liability method and recognized as deferred income tax. However, the deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit (loss). Deferred income tax assets are recognized only to the extent that it is probable that taxable profit will be available against which the deductible temporary differences can be utilized. If the future taxable income is probable to provide unused loss carryforwards or deferred income tax credit which can be realized in the future, the proportion of realization is deemed as deferred income tax asset.

• C. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions for income tax liabilities where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.

• D. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously.

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• E. The interim period income tax expense is recognized based on the estimated average annual effective income tax rate expected for the full financial year applied to the pretax income of the interim period, and the related information is disclosed accordingly.

• F. If a change in tax rate is enacted or substantively enacted in an interim period, the Parent company only recognizes the effect of the change immediately in the interim period in which the change occurs. The effect of the change on items recognized outside profit or loss is recognized in other comprehensive income or equity while the effect of the change on items recognized in profit or loss is recognized in profit or loss.

• 24) Share capital

• A. Incremental costs directly attributable to the issuance of new shares are shown as a deduction, net of tax, from equity. Dividends from common stocks are recognized as equity in the financial period in which they are approved by the Company’s shareholders. If the date of dividends declared is later than the balance sheet date, common stocks are disclosed in the subsequent events.

• B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company’s equity holders. Where such shares are subsequently reissued, the difference between their book value and any consideration received, net of any directly attributable incremental transaction costs and the related income tax effects, is included in equity attributable to the Company’s equity holders.

25) Earnings per share

• A. Earnings per share is calculated by dividing net income by the weighted average number of shares outstanding during the year after taking into consideration the retroactive effect of stock dividends and capital reserve capitalized.

• B. When the Company calculates earnings per share, basic earnings per share and diluted earnings per share for all potential ordinary shares shall all be disclosed in accordance with IAS 33 “Earnings per share”.

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

• 1) As the financial statements of the Company may be affected by the adoption of accounting policy, accounting estimate and assumption, the Company’s management shall properly exercise its professional judgement, estimates, and assumptions on the information of the key risks that is obtained from other resources and could affect the carrying amounts of financial assets and liabilities in the next fiscal year while adopting critical accounting policies as stated in Note 4. Estimates and assumptions of the Company are the best estimates made in compliance with IFRSs that came into effect as endorsed by the FSC. Estimates and assumptions are made based on past experience and other factors deemed

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relevant; however, the actual results may differ from the estimates. The Company evaluates the estimates and assumptions on an ongoing basis and recognizes the adjustment of the estimates only in the period which is affected by the adjustment. If the adjustment simultaneously affects both the current and future periods, it should be recognized in both periods.

• 2) Relevant information on key assumptions to be made in the future, key sources of assumption uncertainty made at balance sheet date, and assumptions and estimates that may cause key risks that could affect the carrying amounts of financial assets and liabilities are as follows:

• A. Fair value of financial instruments

  • Financial instruments with no active market or quoted price use valuation technique to determine the fair value. Under such condition, fair value is assessed through the observable information or models of similar financial instruments. If there is no observable input available in a market, the fair value of financial instrument is assessed through appropriate assumptions. When valuation models are adopted to determine the fair value, all the models should be calibrated to ensure that the output can actually reflect actual information and market price. Models should try to take only observable information as much as possible.

• B. Expected credit losses

For financial assets, the measurement of expected credit losses uses complex models and multiple assumptions. These models and assumptions take into account future macro-economic conditions and credit behaviors of borrowers (e.g. probability of customer default and loss). Please refer to Note 12(2) for detailed information on parameters, assumptions, and estimation methods used in measuring expected credit losses and disclosure of the sensitivity of credit loss to the aforementioned factors. The measurement of expected credit losses according to applicable accounting rules involves significant judgement in several areas, for example:

• (A)The criteria used to judge whether there is significant increase in credit risk.

• (B)The selection of appropriate models and assumptions for measuring expected credit losses.

For judgements and estimations of the above expected credit losses, please refer to Note 12(2).

• C. Impairment assessment on investment accounted for under the equity method When there are impairment indicators that show the investments accounted for under the equity method are impaired and the carrying amount can no longer be recovered, the Company will assess the impairment of the investment. The Company assesses its share of the recoverable amount which is based on the discounted value of expected cash flow, and assess the reasonableness of relevant assumptions, including revenue

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growth rate, operating profit margin, net profit margin, financial forecast, and discount rate.

• D. Impairment assessment of goodwill

The periodic impairment assessment of goodwill includes allocation of assets, liabilities, and goodwill to brokerage segment, and determines the recoverable amount based on brokerage segment’s present value of expected future cash flow. The periodic assessment also analyzes reasonableness of relevant assumptions, including expected future trading volumes, market share, segment’s operating profit margin, and discount rates.

6. DETAILS OF SIGNIFICANT ACCOUNTS

1) Cash and cash equivalents

rates. TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
Petty cash Checking deposits Current deposits: Deposits denominated in NTD Deposits denominated in foreign currencies Time deposits Total	June 30,2023 1,500 $ 501,463 385,382 1,138,665 1,354,480 3,381,490 $	December 31,2022 - $ 497,806 318,771 1,154,652 1,221,565 3,192,794 $	June 30,2022
			1,500 $ 513,652 317,379 1,296,057 1,176,700 3,305,288 $

As of June 30, 2023, December 31, 2022 and June 30, 2022, the annual interest rates of time deposits, including foreign time deposits were 0.555% ~ 5.413%, 0.335% ~ 5.150%, and 0.090% ~ 0.725%, respectively.

2) Financial assets at fair value through profit or loss

Current items: Financial assets mandatorily measured at fair value through profit or loss: Security lending Security lending Adjustment of security lending Subtotal Open-ended funds, money market instruments and securities investment by brokers Open-ended mutual funds beneficiary certificates Adjustment of open-ended funds, money market instruments and securities investment by brokers Total	June 30,2023 December 31,2022 304,587 $ 208 $ 483 45) ( 305,070 163 55,000 106,313 2,838 3,084) ( 57,838 103,229	June 30,2022
		- $ -
		-
		- -
		-

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==> picture [437 x 542] intentionally omitted <==

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

June 30, 2023 December 31, 2022 June 30, 2022
Trading securities - dealer
Listed (TSE and OTC) stocks $ 13,474,182 $ 2,701,353 $ 5,566,108
Government bonds 899,888 850,036 850,369
Corporate bonds 1,953,487 1,575,767 1,406,952
Convertible corporate bonds 880,597 487,753 246,126
Emerging stocks 226,793 140,220 137,357
Overseas stocks 6,605,130 3,760,350 851,562
Exchange-traded funds 2,389,471 2,375,510 1,953,235
Unlisted stocks 2,042 2,042 2,042
Subtotal 26,431,590 11,893,031 11,013,751
Adjustment of trading securities - dealer 145,196 ( 34,500) ( 1,049,654)
Total 26,576,786 11,858,531 9,964,097
Trading securities - underwriter
Listed (TSE and OTC) stocks 47,850 2,122 11,154
Convertible corporate bonds 533,847 728,535 489,554
Subtotal 581,697 730,657 500,708
Adjustment of trading securities - underwriter 171,614 58,520 38,096
Total 753,311 789,177 538,804
-
Trading securities hedging
Listed (TSE and OTC) stocks 8,173,807 2,758,422 3,926,748
Convertible corporate bonds 5,970,110 3,371,436 418,393
Warrants 19,238 24,283 19,600
Overseas stocks 152,124 190,309 193,859
Exchange traded funds 13,812 7,320 15,072
Subtotal 14,329,091 6,351,770 4,573,672
Adjustment of trading securities - hedging ( 48,625) ( 287,674) ( 704,004)
Total 14,280,466 6,064,096 3,869,668
Options bought - futures 582 8,893 56,321
Futures guarantee deposits receivable 5,843,381 5,186,074 5,272,972
Derivative financial instrument assets - OTC 20,668 5,037 3,541
Total $ 47,838,102 $ 24,015,200 $ 19,705,403
June 30, 2023 December 31, 2022 June 30, 2022
Non-current items:
Financial assets mandatorily measured at
fair value through profit or loss:
Trading securities - dealer - government bonds $ 49,804 $ 49,779 $ 49,986
Unlisted stocks 435 2,609 2,609
Subtotal 50,239 52,388 52,595
Adjustment of trading securities 5,922 13,995 10,864
Total $ 56,161 $ 66,383 $ 63,459
----- End of picture text -----

• a. For the six months ended June 30, 2023 and 2022, net realized and unrealized gains (losses) on financial assets and liabilities at fair value through profit or loss amounted to ($686,347) and ($1,147,972), respectively.

• b. Details of the Company’s financial assets at fair value through profit or loss pledged to others as collateral are provided in Note 8.

• c. Information relating to credit risk is provided in Note 12(2).

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3) Financial assets at fair value through other comprehensive income

==> picture [431 x 260] intentionally omitted <==

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

June 30, 2023 December 31, 2022 June 30, 2022
Current items:
Equity instruments
Trading securities - dealer
Listed (TSE and OTC) stocks $ 189,812 $ 189,812 $ 189,812
Adjustment of trading securities - dealer 194,380 109,338 127,680
Subtotal 384,192 299,150 317,492
Debt instruments
Trading securities - dealer
Overseas bonds 2,919,138 2,317,088 -
Adjustment of trading securities - dealer ( 131,063) ( 118,456) -
Subtotal 2,788,075 2,198,632 -
Total $ 3,172,267 $ 2,497,782 $ 317,492
June 30, 2023 December 31, 2022 June 30, 2022
Non-current items:
Equity instruments
Unlisted stocks $ 6,449 $ 6,449 $ 6,449
Adjustment of trading securities 283,280 288,406 258,507
Total $ 289,729 $ 294,855 $ 264,956
----- End of picture text -----

• a. The Company has elected to classify stock investments that are considered to be strategic investments or stably receiving dividends as financial assets at fair value through other comprehensive income. The fair value of such investments amounts to $673,921, $594,005 and $582,448 as of June 30, 2023, December 31, 2022 and June 30, 2022, respectively.

• b. Amounts recognized in profit or loss and other comprehensive income in relation to the financial assets at fair value through other comprehensive income are listed below:

Equity instruments at fair value through other comprehensive income		Six months ended June 30,2023	Six months ended June 30,2022	Six months ended June 30,2022
Fair value change recognized in other comprehensive income Dividend income recognised in profit or loss Held at end of period Debt instruments at fair value through other comprehensive income		79,915 $ 6,253 $ Six months ended June 30,2023	86,384) ($ 10,771 $ Six months ended June 30, 2022
Fair value change recognized in other comprehensive income Cumulative other comprehensive income reclassified to profit or loss Interest income recognized in profit or loss	49,590) ($ 45,701 $			- $ - $

• c. Details of the Company’s financial assets at fair value through other comprehensive income pledged to others as collateral are provided in Note 8.

• d. Information relating to credit risk is provided in Note 12(2).

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4) Margin loans receivable

Margin loans receivable were secured by the securities purchased by customers under margin loans. The annual interest rate was 6.4%.

5) Accounts receivable

Accounts receivable
		June 30,2023	December 31,2022			June 30,2022
Accounts receivable - related parties	$	4,175	$	4,717	$	5,664
Accounts receivable - non related parties
Settlement price receivable-brokers	$	14,583,252	$	8,317,064	$	12,954,414
Settlement price receivable-dealer		965,783		87,067		1,574,530
Settlement price receivable-foreign bonds		4,506,574		757,711		586,807
Spot exchange receivable, foreign currencies		247,707		47,624		-
Interest receivable		303,944		315,061		304,276
Settlement price		2,112,910		438,735		1,186,350
Dividends receivable		2,722,730		16,460		977,152
Others		521,568		150,692		162,254
Subtotal		25,964,468		10,130,414		17,745,783
Less: Allowance for uncollectible accounts	(	526)	(	659)	(	763)
Total	$	25,963,942	$	10,129,755	$	17,745,020

A. The ageing analysis of accounts receivable that were past due but not impaired is as follows:

follows:
Accounts receivable Accounts receivable -related parties Accounts receivable - non related parties Total Accounts receivable Accounts receivable -related parties Accounts receivable - non related parties Total Accounts receivable Accounts receivable - related parties Accounts receivable - non related parties Total						June 30,2023
		Upto 30 days	31 to90 days			91 to 180 days		181 days to 12 months	More than 12 months			Total
		3,572 $ 25,667,309 25,670,881 $		603 $ 60,264 60,867 $		- $ - $ 57,145 95,735 57,145 $ 95,735 $ December 31,2022				- $ 84,015 84,015 $		4,175 $ 25,964,468
												25,968,643 $
		Upto 30 days	31 to90 days			91 to 180 days		181 days to 12 months	More than 12 months			Total
		4,717 $ 9,825,908 9,830,625 $		- $ 46,581 46,581 $		- $ - $ 52,096 95,860 52,096 $ 95,860 $ June 30,2022				- $ 109,969 109,969 $		4,717 $ 10,130,414
												10,135,131 $
		Upto 30 days	31 to90 days			91 to 180 days		181 days to 12 months	More than 12 months			Total
		5,664 $ 17,448,788 17,454,452 $		- $ 24,950 24,950 $		- $ 51,077 51,077 $		- $ 137,924 137,924 $		- $ 83,044 83,044 $		5,664 $ 17,745,783
												17,751,447 $

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Note ： The above ageing analysis was based on invoice date.

B. Information related to credit risk is provided in Note 12(2).

6) Other receivables

Other receivables
Interest receivable Dividends receivable Others Total	June30,2023 14,566 $ 144,897 8,552 168,015 $	December31,2022 11,035 $ - 5,621 16,656 $	June30,2022
			3,214 $ 288,436 9,572
			301,222 $

Information relating to credit risk is provided in Note 12(2).

7) Other current assets

Other current assets
Pending settlements Pledged time deposits Deposits-in for foreign currency securities Underwriting share proceeds collected on behalf of customers Amounts held for each customer in the account Others Total	June 30,2023 December 31, 2022 195,881 $ 113,139 $ 400,000 400,000 385,219 808,290 46 249,404 426,518 269,029 25,075 30,566 1,432,739 $ 1,870,428 $	June 30,2022
		157,325 $ 400,000 1,905,577 9,027 201,741 12,041
		2,685,711 $

8) Transfer of financial assets

• A. During the Company’s activities, the transferred financial assets that do not meet derecognition conditions are mainly debt instruments with purchase agreements or debt instruments lent out in accordance with securities borrowing and lending agreement. The cash flow of the contract has been transferred and related liabilities of transferred financial assets that will be repurchased at a fixed price in the future have been reflected. The Company may not use, sell or pledge the transferred financial assets during the valid period of the transaction. The financial assets were not derecognized as the Company is still exposed to interest rate risk and credit risk.

• B. Financial assets that do not meet the derecognition conditions and related financial

liabilities are analysed below:

iabilities are analysed below:	iabilities are analysed below:
June30,2023		Carrying amount of related financial liabilities
Financial assets category Financial assets measured at fair value through profit or loss Repurchase agreement Financial assets measured at fair value through other comprehensive income Repurchase agreement	Carrying amount of transferred financial assets
	6,342,400 $ 2,788,075	7,094,957 $ 2,820,079

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Financial assets category Carrying amount of transferred financial assets Financial assets measured at fair value through profit or loss Repurchase agreement 4,814,535 $ Financial assets measured at fair value through other comprehensive income Repurchase agreement 2,198,632 Financial assets category Carrying amount of transferred financial assets Financial assets measured at fair value through profit or loss Repurchase agreement 2,022,001 $ December31,2022 June30,2022

Carrying amount of related financial liabilities 4,738,787 $ 2,226,637 Carrying amount of related financial liabilities

2,075,715 $

9) Offsetting financial assets and financial liabilities

• A. The Company has transactions that are or are similar to net settled master netting arrangements but do not meet the offsetting criteria, i.e. derivative financial instruments, resale and repurchase agreements. If one party breaches the contract, the counterparty can choose to use net settlement for the above transactions.

(Blank below)

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• B. The offsetting of financial assets and financial liabilities are set as follows: (1) Financial assets

June 30, 2023

		June 30,2023
Derivative financial instruments Description	Gross amounts of recognised financial assets	- $ 20,668 $ Gross amounts of recognised financial liabilities set off in the balance sheet Net amounts of financial assets presented in the balance sheet		Financial instruments Cash collateral received 1,758 $ - $ Not set off in the balance sheet	Net amount
				Financial instruments
	20,668 $			1,758 $	18,910 $

==> picture [663 x 187] intentionally omitted <==

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

December 31, 2022
Not set off in the balance sheet
Gross amounts Gross amounts of recognised Net amounts of financial
of recognised financial liabilities set off in the assets presented in the Financial Cash collateral
Description financial assets balance sheet balance sheet instruments received Net amount
Derivative financial instruments $ 5,037 $ - $ 5,037 $ 5,037 $ - $ -
June 30, 2022
Not set off in the balance sheet
Gross amounts Gross amounts of recognised Net amounts of financial
of recognised financial liabilities set off in the assets presented in the Financial Cash collateral
Description financial assets balance sheet balance sheet instruments received Net amount
Derivative financial instruments $ 3,419 $ - $ 3,419 $ 761 $ - $ 2,658
----- End of picture text -----

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(2) Financial liabilities

June 30, 2023

Derivative financial instruments Bonds sold under repurchase agreements Total Description		Gross amounts of recognised financial liabilities		Gross amounts of recognised financial assets set off in the balance sheet		Net amounts of financial liabilities presented in the balance sheet		Financial instruments Cash collateral received 1,758 $ - $ 7,189,423 - 7,191,181 $ - $ Not set off in the balance sheet	Financial instruments Cash collateral received 1,758 $ - $ 7,189,423 - 7,191,181 $ - $ Not set off in the balance sheet	Net amount
								Financial instruments
		1,758 $ 7,189,423 7,191,181 $		- $ - - $		1,758 $ 7,189,423 7,191,181 $		1,758 $ 7,189,423 7,191,181 $		- $ -
										- $

				December 31,2022	December 31,2022	December 31,2022
Derivative financial instruments Bonds sold under repurchase agreements Total Description		Gross amounts of recognised financial liabilities		Gross amounts of recognised financial assets set off in the balance sheet		Net amounts of financial liabilities presented in the balance sheet		Financial instruments Cash collateral received 5,037 $ - $ 4,718,843 - 4,723,880 $ - $ Not set off in the balance sheet		Net amount
								Financial instruments
		8,320 $ 4,718,843 4,727,163 $		- $ - - $		8,320 $ 4,718,843 4,727,163 $		5,037 $ 4,718,843 4,723,880 $		3,283 $ -
										3,283 $

				June 30,2022	June 30,2022	June 30,2022
Derivative financial instruments Bonds sold under repurchase agreements Total Description		Gross amounts of recognised financial liabilities		Gross amounts of recognised financial assets set off in the balance sheet		Net amounts of financial liabilities presented in the balance sheet		Financial instruments Cash collateral received 761 $ - $ 390,642 - 391,403 $ - $ Not set off in the balance sheet		Net amount
								Financial instruments
		761 $ 390,642 391,403 $		- $ - - $		761 $ 390,642 391,403 $		761 $ 390,642 391,403 $		- $ -
										- $

~37~

10) Investments accounted for under the equity method

Subsidiaries President Futures Corp. President Securities (HK) Ltd. President Wealth Management (HK) Ltd. President Securities (Nominee) Ltd. President Capital Management Corp. President Insurance Agency Corp. PSC Venture Capital Investment Limited Company Associates Uni-President Asset Management Corp. Jin Yuan President Securities Co., Ltd.	June 30,2023 2,584,262 $ 816,389 - - 306,349 56,744 281,327 4,045,071 679,010 2,640,526 7,364,607 $	December 31,2022 2,547,290 $ 1,334,862 60,574 1,552 304,894 57,181 267,501 4,573,854 747,473 2,764,018 8,085,345 $	June 30,2022
			2,298,307 $ 1,335,640 57,689 1,588 314,981 45,846 254,965 4,309,016
			648,660 2,268,340
			7,226,016 $

• A. The Company’s share of its associates’ profits or losses recognized in long-term equity investment accounted for under the equity method for the six months ended June 30, 2023 and 2022 were $226,299 and $11,516, respectively.

• B. Subsidiary President Securities (HK) Ltd., President Wealth Management (HK) Ltd. and President Securities (Nominee) Ltd. were approved by the board of directors in March 2022 to deal with the dissolution and liquidation matters, and the liquidation process are all currently in progress, of which President Wealth Management (HK) Ltd. and President Securities (Nominee) Ltd. had remitted all funds on account on April 27, 2023 for the subsequent liquidation process.

• C. The Company holds 42.46% of the equity of Uni-President Asset Management Corp., making it the single largest shareholder of the company, while the other equity is mainly held by the other 18 shareholders. Half of the voting rights of the shareholders attending the shareholders’ meeting exceeds the voting rights of the Company, and the Company does not take an active role in the management of the company. This shows that the Company has no actual ability to direct relevant activities. The Company has no control over Uni-President Asset Management Corp., but has significant influence over it.

• D. Details of information of subsidiaries are provided in Note 4(3) of consolidated financial statements.

• E. The financial information of the Company’s principal associates is summarized as follows:

• (a) The basic information of the associate that are material to the Company is as follows:

Principal place Companyname of businesss Uni-President Asset Management Corp. Taipei city Jin Yuan President Securities Co., Ltd. (Note) Xiamen		June 30, 2023 December 31, 2022 June 30, 2022 42.46% 42.46% 42.46% 49% 49% 49% Shareholdingratio	June 30, 2023 December 31, 2022 June 30, 2022 42.46% 42.46% 42.46% 49% 49% 49% Shareholdingratio	Nature of Methods of relationship measurement Associate Equity method Associate Equity method
		June 30, 2023	December 31, 2022
		42.46% 49%	42.46% 49%

Note: The company participated in the cash capital increase of Jin Yuan President Securities Co., Ltd. in proportion to its shareholdings in the third quarter of 2022.

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• (b) The summarized financial information of the associate that are material to the Company is as follows:

Balance sheet

Balance sheet	Balance sheet	Balance sheet	Balance sheet
June 30,2023 December 31,2022 June 30,2022 Current assets 708,053 $ 944,707 $ 735,709 $ Non-current assets 815,147 784,976 752,409 Current liabilities 310,225) ( 334,677) ( 321,906) ( Non-current liabilities 36,342) ( 57,145) ( 61,053) ( Total net assets 1,176,633 $ 1,337,861 $ 1,105,159 $ Share in associate's net assets 499,638 $ 568,101 $ 469,288 $ Goodwill and others 179,372 179,372 179,372 Carrying amount of the associate 679,010 $ 747,473 $ 648,660 $ June 30, 2023 December 31,2022 June 30, 2022 Current assets 7,061,605 $ 6,937,077 $ 8,900,706 $ Non-current assets 256,793 233,398 267,028 Current liabilities 1,878,386) ( 1,491,521) ( 4,471,268) ( Non-current liabilities 51,183) ( 38,100) ( 67,201) ( Total net assets 5,388,829 $ 5,640,854 $ 4,629,265 $ Share in associate's net assets 2,640,526 $ 2,764,018 $ 2,268,340 $ Carrying amount of the associate 2,640,526 $ 2,764,018 $ 2,268,340 $ Uni-President Asset Management Corp. Jin Yuan President Securities Co., Ltd. Statement of comprehensive income Six months ended June 30,2023 Six months ended June 30,2022 Revenue: 670,206 $ 661,771 $ Profit for the period from continuing operations 224,927 $ 238,007 $ Other comprehensive income (loss)- net of tax 8,895 30,449) ( Total comprehensive income (loss) 233,822 $ 207,558 $ Dividends received from associates 167,751 $ 199,648 $ Six months ended June 30,2023 Six months ended June 30,2022 Revenue: 218,632 $ 55,092 $ Loss for the period from continuing operations 103,901) ($ 298,272) ($ Total comprehensive loss 103,901) ($ 298,272) ($ Uni-President Asset Management Corp. Jin Yuan President Securities Co.,Ltd.
		Six months ended June 30,2023
		Six months ended June 30,2023
	218,632 $ 103,901) ($ 103,901) ($		55,092 $ 298,272) ($ 298,272) ($

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11) Property and equipment

) Property and equipment
January1			Six months ended June 30,2023
		Land	Buildings	Equipment	Leasehold improvements	Total
Cost Accumulated depreciation and impairment Total January 1 Additions Reclassifications Depreciation June 30 June 30		1,573,570 $ - 1,573,570 $ 1,573,570 $ - - - 1,573,570 $ Land	1,050,881 $ 478,762) ( 572,119 $ 572,119 $ - 2,228 18,779) ( 555,568 $ Buildings	374,947 $ 115,969) ( 258,978 $ 258,978 $ 18,946 22,413 45,672) ( 254,665 $ Equipment	22,559 $ 14,116) ( 8,443 $ 8,443 $ 658 681 1,637) ( 8,145 $ Leasehold improvements	3,021,957 $ 608,847) ( 2,413,110 $ 2,413,110 $ 19,604 25,322 66,088) ( 2,391,948 $ Total
Cost Accumulated depreciation and impairment Total		1,573,570 $ - 1,573,570 $	1,051,719 $ 496,151) ( 555,568 $	397,988 $ 143,323) ( 254,665 $	15,795 $ 7,650) ( 8,145 $	3,039,072 $ 647,124) ( 2,391,948 $

January1			Six months ended June 30,2022	Six months ended June 30,2022	Six months ended June 30,2022
		Land	Buildings	Equipment	Leasehold improvements	Total
Cost Accumulated depreciation and impairment Total January 1 Additions Reclassification Depreciation June 30 June 30		1,573,570 $ - 1,573,570 $ 1,573,570 $ - - - 1,573,570 $ Land	1,022,169 $ 450,583) ( 571,586 $ 571,586 $ 1,165 14,577 17,207) ( 570,121 $ Buildings	212,540 $ 93,913) ( 118,627 $ 118,627 $ 36,962 58,760 30,195) ( 184,154 $ Equipment	17,818 $ 10,331) ( 7,487 $ 7,487 $ 645 - 1,814) ( 6,318 $ Leasehold improvements	2,826,097 $ 554,827) ( 2,271,270 $ 2,271,270 $ 38,772 73,337 49,216) ( 2,334,163 $ Total
Cost Accumulated depreciation and impairment Total		1,573,570 $ - 1,573,570 $	1,037,911 $ 467,790) ( 570,121 $	286,699 $ 102,545) ( 184,154 $	18,463 $ 12,145) ( 6,318 $	2,916,643 $ 582,480) ( 2,334,163 $

• A. No interest was capitalized for property and equipment for the six months ended June 30, 2023 and 2022.

• B. The information on property and equipment pledged or restricted as of June 30, 2023, December 31, 2022 and June 30, 2022 is described in Note 8.

－ 12) Leasing arrangements lessee

• A. The Company leases various assets including buildings, machinery and equipment, business vehicles and multifunction printers. Rental contracts are typically made for periods of 1 to 10 years. Lease terms are negotiated on an individual basis and contain a wide range of different

~40~

terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes.

• B. The carrying amount of right-of-use assets and the depreciation charge are as follows:

Buildings Transportation equipment (Business vehicles) Office equipment (Photocopiers) Total Buildings Transportation equipment (Business vehicles) Office equipment (Photocopiers) Total	June 30,2023 CarryingAmount 117,683 $ 11,691 4,965 134,339 $	December 31,2022 CarryingAmount 135,919 $ 13,098 6,078 155,095 $ Six months ended June 30, 2023		June 30,2022
				CarryingAmount
				160,990 $ 15,859 6,322 183,171 $ Six months ended June 30, 2022
		charge		charge
		31,696 $ 2,762 1,113 35,571 $		31,353 $ 2,733 1,052
				35,138 $

• C. For the six months ended June 30, 2023 and 2022, the additions to right-of-use assets amounted to $14,887 and $36,752, respectively.

• D. The information on income and expense accounts relating to lease contracts is as follows:

Items affecting profit or loss Interest expense on lease liabilities Expense on short-term lease contracts Expense on variable lease payment	Six months ended June 30,2023	Six months ended June 30,2022
	476 $ 3,460 43	588 $ 900 39

• E. For the six months ended June 30, 2023 and 2022, the Company’s total cash outflow for leases amounted to $38,644 and $35,853, respectively.

• 13) Leasing arrangements – lessor

• A. The Company leases various assets including office and parking space. Rental contracts are typically made for periods of 1 to 5 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.

• B. For the six months ended June 30, 2023 and 2022, the Company recognized rent income in the amount of $12,351 and $12,044, respectively, based on the operating lease agreement, which does not include variable lease payments.

• C. The maturity analysis of the lease payments under the operating leases is as follows:

2022 2023 2024 2025 After 2026 Total		June 30,2023		December 31,2022		June 30,2022
		- $ 12,300 6,097 36 90 18,523 $		24,436 $ 24,585 10,547 - - 59,568 $		12,330 $ 23,601 6,068 - - 41,999 $

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14) Investment property

==> picture [476 x 460] intentionally omitted <==

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

Six months ended June 30, 2023
January 1 Land Buildings Total
Cost $ 198,099 $ 107,076 $ 305,175
Accumulated depreciation and
impairment - ( 38,873) ( 38,873)
Total $ 198,099 $ 68,203 $ 266,302
January 1 $ 198,099 $ 68,203 $ 266,302
Depreciation - ( 1,050) ( 1,050)
June 30 $ 198,099 $ 67,153 $ 265,252
June 30 Land Buildings Total
Cost $ 198,099 $ 107,076 $ 305,175
Accumulated depreciation and
impairment - ( 39,923) ( 39,923)
Total $ 198,099 $ 67,153 $ 265,252
Six months ended June 30, 2022
January 1 Land Buildings Total
Cost $ 198,099 $ 107,076 $ 305,175
Accumulated depreciation and
impairment - ( 36,773) ( 36,773)
Total $ 198,099 $ 70,303 $ 268,402
January 1 $ 198,099 $ 70,303 $ 268,402
-
Depreciation ( 1,050) ( 1,050)
June 30 $ 198,099 $ 69,253 $ 267,352
June 30 Land Buildings Total
Cost $ 198,099 $ 107,076 $ 305,175
Accumulated depreciation and
impairment - ( 37,823) ( 37,823)
Total $ 198,099 $ 69,253 $ 267,352
----- End of picture text -----

A. For the six months ended June 30, 2023 and 2022, rental income from the lease of the investment property were $8,013 and $8,557, respectively, and direct operating expenses arising from the investment property were $1,839 and $1,838, respectively.

• B. Details of fair value of investment property are provided in Note 12(5).

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15) Intangible assets

Six months ended June 30, 2023

January1	Computer software	Computer software		Goodwill	Goodwill
Cost Accumulated amoritization and impairment Total January 1 Additions Reclassifications Amortization June 30 June 30	215,358 $ 70,012) ( 145,346 $ 145,346 $ 9,283 48,633 30,874) ( 172,388 $ Computer software			42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $ Goodwill
Cost Accumulated amoritization and impairment Total January1	266,654 $ 94,266) ( 172,388 $
		Computer software		Goodwill 42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $	Customer relationships and others Total 54,260 $ 243,212 $ 54,199) ( 97,522) ( 61 $ 145,690 $ 61 $ 145,690 $ - 20,055 - 12,560 9) ( 20,247) ( 52 $ 158,058 $
Cost Accumulated amoritization and impairment Total January 1 Additions Reclassifications Amortization June 30	146,948 $ 43,323) ( 103,625 $ 103,625 $ 20,055 12,560 20,238) ( 116,002 $

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June 30	Computer software		Goodwill	Customer relationships and others Total 54,260 $ 274,272 $ 54,208) ( 116,214) ( 52 $ 158,058 $
Cost Accumulated amoritization and impairment Total	178,008 $ 62,006) ( 116,002 $		42,004 $ - 42,004 $

• A. No interest was capitalized for intangible assets for the six months ended June 30, 2023 and 2022.

• B. Goodwill and customer relationships were acquired through acceptance of transfer of the

securities brokerage business of Standard Chartered (Taiwan) Bank's retail banking business and were all allocated to the Company’s brokerage segment.

• C. The recoverable amount of goodwill was periodically determined based on its value in use. Calculations of value in use after-tax cash flow projections are based on financial budgets approved by the management covering a five-year period. Cash flows beyond the five-year period are extrapolated using the estimated growth rates stated below.

The recoverable amount calculated based on the value in use exceeded the carrying amount, thus the goodwill was not impaired. The key assumptions used for calculation of value in use are as follows:

follows:
Growth rate Discount rate		Brokerage Segment 2022
		0.00% 13.26%

Management determined the growth rate based on past performance and its expectations of market development. The discount rates were based on the weighted average financing cost rates determined by the Company’s capital asset pricing model. The discount rates also reflect specific risks related to relevant operating segments.

16) Other non-current assets

Other non-current assets
		June 30, 2023	December 31,2022			June 30,2022
Operation guaranteed deposits	$	505,000	$	505,000	$	505,000
Clearing and settlement fund		207,127		214,883		214,883
Refundable deposits		347,961		216,519		271,240
Net defined benefit assets		87,396		75,993		-
Prepayment for equipment		32,704		56,993		69,405
Overdue receivables		8,013		8,224		11,113
Others		2,500		2,500		2,500
Subtotal		1,190,701		1,080,112		1,074,141
Less: Allowance for uncollectible accounts	(	8,013)	(	8,224)	(	11,113)
Total	$	1,182,688	$	1,071,888	$	1,063,028

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17) Short-term loans

June 30,2023 Unsecured loans 9,880,294 $ Secured loans 60,000 Call loans 124,560 Total 10,064,854 $	December 31,2022 275,000 $ - - 275,000 $	June 30,2022 2,225,000 $ - -
		2,225,000 $

As of June 30, 2023, December 31, 2022 and June 30, 2022, the interest rates of short-term loans, including foreign interest rates were 1.650% ~ 5.850%, 1.700% and 1.130% ~ 1.375%, respectively.

18) Commercial papers payable

Commercial papers payable
			June	30,2023	December 31,2022			June 30,2022
Face value		$		23,300,000	$	5,830,000	$	2,900,000
Less: Discount on commercial papers	payable	(		30,329)	(	2,569)	(	520)
Total		$		23,269,671	$	5,827,431	$	2,899,480

As of June 30, 2023, December 31, 2022 and June 30, 2022, the interest rates of commercial papers, including foreign interest rates were 1.400% ~ 1.680%, 1.250%~1.400% and 0.800% ~ 0.950%, respectively.

19) Financial liabilities at fair value through profit or loss - current

		June 30,2023		December 31,2022	December 31,2022		June 30,2022
Liabilities on sale of borrowed securities
- hedged	$	527,724	$		1,769,451	$	800,807
Valuation adjustment on liabilities on sale
of borrowed securities - hedged		12,535	(		47,847)	(	40,553)
Liabilities on sale of borrowed securities
- non-hedged		3,324,265			6,668,328		5,933,167
Valuation adjustment on liabilities on sale
of borrowed securities - non-hedged	(	22,875)	(		912,064)	(	1,209,975)
Subtotal		3,841,649			7,477,868		5,483,446
Issuance of call ( put ) warrants		11,213,850			8,388,823		13,689,211
Gain on price fluctuation	(	365,489)	(		3,700,001)	(	8,761,889)
Market value (A)		10,848,361			4,688,822		4,927,322
Warrants redeemed	(	10,482,634)	(		6,461,030)	(	11,114,335)
Loss on price fluctuation		605,080			2,084,404		6,560,452
Market value (B)	(	9,877,554)	(		4,376,626)	(	4,553,883)
Warrants - net (A+B)		970,807			312,196		373,439
Options sold - TAIFEX		1,634			2,734		40,424
Outstanding Liability for Issuance of ETNs		780,398			971,128		1,069,569
Valuation adjustment on outstanding
Liability for Issuance of ETNs		15,809	(		198,830)	(	231,192)
Subtotal		796,207			772,298		838,377
Derivative financial liabilities - OTC		1,497,905			590,988		217,658
Total	$	7,108,202	$		9,156,084	$	6,953,344

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Among the warrants issued by the Company, except for contract-based warrants which are Europeanstyle warrants, all other warrants are American-style warrants. Warrants are stated as liabilities for issuance of warrants at issuance price prior to expiration. Upon repurchase of warrants after issuance, the repurchased amounts are recognized as warrants repurchase and charged as a deduction to liabilities for issuance of warrants. The warrants have six to twelve months exercise period from the date of issuance. The issuer has the option to settle either by cash or stock delivery.

20) Bonds sold under repurchase agreements

		June 30, 2023	December 31,2022	December 31,2022		June 30, 2022
Government bonds	$	966,749	$	919,875	$	921,314
Corporate bonds		1,494,142		1,001,131		200,364
Bank debentures		100,000		100,408		300,081
International bonds		164,722		225,167		263,314
Foreign bonds		7,189,423		4,718,843		390,642
Total	$	9,915,036	$	6,965,424	$	2,075,715

The above bonds sold under repurchase agreements as of June 30, 2023, December 31, 2022 and June 30, 2022 were due within one year and were contracted to be repurchased at the agreed-upon price plus interest charge on the specific date after the transaction. The total repurchase amounts were $10,005,853, $7,016,989 and $2,079,109, respectively, and the annual interest rates in every currency were shown as follows:

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Currency June 30, 2023 December 31, 2022 June 30, 2022
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Currency	June 30,2023	December 31, 2022	June 30,2022
NTD	0.85%~1.40%	0.72%~1.22%	0.30%~0.65%
Foreign currencies (Note)	1.80%~5.50%	1.40%~4.80%	0.50%~3.05%
Note: Foreign currencies include AUD, EUR, USD, GBP, RMB and NZD.

21) Accounts payable

Accounts payable
Settlement accounts payable - brokered trading Settlement proceeds Settlement accounts payable - operating Settlement accounts payable - foreign bonds Spot exchange payable, foreign currencies Others Total	June 30,2023 15,508,325 $ 1,277,870 2,807,203 4,308,669 247,874 179,262 24,329,203 $	December 31,2022 7,622,204 $ 1,252,785 935,022 703,424 47,566 169,644 10,730,645 $	June 30,2022
			11,714,058 $ 1,943,901 414,936 399,365 - 150,173
			14,622,433 $

22) Other payables

Other payables
Salary and bonus payable Employees’and directors’remuneration payable Dividends payable Others Total	June 30,2023 933,932 $ 111,766 567,774 685,348 2,298,820 $	December 31,2022 858,972 $ 38,028 - 546,038 1,443,038 $	June 30,2022
			778,380 $ 189,496 2,751,521 675,674
			4,395,071 $

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23) Other financial liabilities - current

June30,2023 Equity-linked notes (ELN) - Options - $ Principal guaranteed notes (PGN) - fixed income 4,504,843 Total 4,504,843 $	December31,2022 June 30, 2022 - $ 5,000 $ 2,784,086 6,224,944 2,784,086 $ 6,229,944 $

The Company deals in equity-linked products and combines fixed income instruments with call or put options. These products are categorized into ELN (Equity-Linked Notes) and PGN (Principal Guaranteed Notes). On trade date, the contracted amounts are collected in full from the counterparties. The payout amount on maturity will depend on the price fluctuation of the instruments linked to these contracts and be calculated as trading price less option strike price on maturity. All the linked products are financial instruments under the supervision of the SFB (Securities and Futures Bureau).

24) Other liabilities-non-current

Other liabilities-non-current
Guarantee deposits received Net defined benefit obligation Total	June30,2023 23,066 $ - 23,066 $	December31,2022 23,315 $ - 23,315 $	June30,2022
			24,292 $ 40,570 64,862 $

25) Pension plan

• A. Defined benefit plans

• (A)The Company has a defined benefit pension plan in accordance with the Labor Standards Law, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Law. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. The Company contributes monthly an amount which ranges 7.2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the supervisory committee of workers' retirement reserve fund, and with Cathay United Bank, under the name of the management committee of employees’ retirement fund. Also, the Company would assess the balance in the aforementioned labor pension reserve account by the end of December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method, to the employees expected to be qualified for retirement next year, the Company will make contributions to cover the deficit by next March.

• (B)Under the defined benefit pension plan, the Company recognized the pension costs for the six months ended June 30, 2023 and 2022 in the statement of comprehensive income in the amount of $111 and $1,814, respectively.

• (C)Expected contributions to the defined benefit pension plans of the Company for the year ending December 31, 2024 amount to $25,656.

• B. Defined contribution plans:

Effective from July 1, 2005, the Company established a defined contribution plan pursuant to the

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“Labor Pension Act”, which covers employees with R.O.C. nationality and those who chose or are required to apply the “Labor Pension Act”. The contributions are made monthly based on not less than 6% of the employees’ monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. The payment of pension benefits is based on the employees’ individual pension fund accounts and the cumulative profit in such accounts. The employees can choose to receive such pension benefits monthly or in lump sum. The pension costs under defined contribution pension plans of the Company for the six months ended June 30, 2023 and 2022 were $34,069 and $36,885, respectively.

26) Equity

A. Common stock

As of June 30, 2023, the Company’s authorized capital was $15,000,000 with a par value of $10 (in dollars) per share. As of June 30, 2023, December 31, 2022 and June 30, 2022, the common stocks issued and the outstanding common stocks were all 1,455,831 thousand shares.

B. Capital reserve

Capital reserve
June 30, 2023 December 31, 2022 June 30, 2022		Sharepremium		Treasury share transactions		Expired stock options		Difference between consideration and carrying amount of subsidiaries acquired or disposed		Total
		24,663 $ 24,663 $ 24,663 $		65,675 $ 65,675 $ 65,675 $		483 $ 483 $ 483 $		440 $ 440 $ 440 $		91,261 $ 91,261 $ 91,261 $

Pursuant to the R.O.C. Company Law, capital reserve arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided it should not exceed 10% of the paid-in capital each year. Capital reserve should not be used to cover accumulated deficit unless the legal reserve is insufficient.

C. Legal reserve

Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall first be used to pay all taxes and offset prior years’ operating losses and then 10% of the remaining amount shall be set aside as legal reserve. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the balance of the reserve exceeds 25% of the Company’s paid-in capital.

D. Special reserve

In accordance with the “Rules Governing the Administration of Securities Firms”, 20% of the current year's earnings, after paying all taxes and offsetting prior years' operating losses and plus the items other than the after-tax net profit for the period, that are included in the unappropriated earnings of the period, if any, shall be set aside as special reserve until the cumulative balance equals the total amount of paid-in capital. The special reserve shall be used exclusively to cover accumulated deficit or to increase capital and shall not be used for any other purpose. Such

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capitalization shall not be permitted unless the Company had already accumulated a special reserve of at least 25% of its paid-in capital stock and only quarter of such special reserve may be capitalized.

In accordance with the regulations, the Company shall set aside an equivalent amount of special reserve from accumulated unappropriated retained earnings of the current year based on the decreased amount of equity. If there is any subsequent reversal of the decrease in equity, the earnings may be distributed based on the reversal proportion.

In accordance with Jing-Guan-Zheng-Chuan Letter No. 10500278285 dated August 5, 2016, securities firms should set aside 0.5% to 1% of net income after tax as special reserve, upon the distribution of earnings from 2016 to 2018. From fiscal year 2017, special reserve as mentioned above may be reversed based on an amount equal to employees’ transformation training expenditure, employee transfer and settlement expenditure arising from the development of Fintech. Further, according to Jing-Guan-Zheng-Chuan Letter No. 1080321644 dated July 10, 2019, securities firms are no longer required to set aside special reserve starting from 2019. And the special reserve, within the balance of special reserve set aside in the previous years, could be reversed at the same amount for the aforementioned expenditures.

• 27) Unappropriated earnings and dividends policy

• A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall be used to pay all taxes and offset prior years’ operating losses first, and then set aside as legal reserve, accounted for as 10% of the remaining amount, and special reserve, accounted for as 20% of the remaining amount. Upon provision or reversal of special reserve in accordance with the law, any remaining amount together with unappropriated earnings at beginning of the period shall be distributed according to the following resolution adopted at the stockholders’ meeting: Distribution shall not be made if the balance of distributable earnings is less than 5% of paid-in capital.

• B. In addition, the total amount of dividends declared every year shall be at least 70% of distributable earnings, of which stock dividends shall be at least 50% and cash dividends shall be lower than 50%.

• C. The Company may determine a better proportion of cash and stock dividends distribution based on its actual operating conditions and capital utilization plan for the following year.

• D. The earnings distribution for 2022 and 2021 as resolved by the stockholders’ meeting on May 31, 2023 and June 23, 2022. Details are as follows:

Legal reserve Special reserve Reversal of special reserve (Note) Cash dividends Total		Year ended December 31,2022	Year ended December 31,2022	Year ended December 31,2021	Year ended December 31,2021
		Amount	Dividends per share (in dollars)	Amount	Dividends per share (in dollars)
		81,278 $ 162,557 - 567,774 811,609 $	0.39 $	390,101 $ 780,203 3,413) ( 2,751,521 3,918,412 $	1.89 $

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Note ： Special reserve was provided for employees’ transition for financial technology development according to Jing-Guan-Zheng-Chuan Letter No. 1080321644 and can be reversed for employees’ transition.

28) Brokerage handling fee revenue

Revenues from brokered trading - TWSE Revenues from brokered trading - OTC Others

Total

		Six months ended		Six months ended
		June 30,2023		June 30,2022
	$	830,329	$	937,307
		307,328		289,063
		66,866		64,613
	$	1,204,523	$	1,290,983

29) Revenues from underwriting business

Revenues from underwriting securities on a firm commitment basis Others Total

Six months ended June 30,2023 21,838 $ 27,769 49,607 $	Six months ended June 30, 2022
	17,785 $ 8,314 26,099 $

30) Net gain (loss) on sale of trading securities

Net gain (loss) on sale of trading securities
Dealers: -TAIEX -OTC -Overseas trading Subtotal Underwriters: -TAIEX -OTC Subtotal Hedging: -TAIEX -OTC -Overseas trading Subtotal Total	Six months ended June 30,2023	Six months ended June 30,2022
	531,408 $ 243,547 22,952 797,907 4,886 95,856 100,742 Six months ended June 30,2023	701,326) ($ 109,672) ( 302,319) ( 1,113,317) ( 19,299 8,532 27,831 Six months ended June 30,2022
	53,662 $ 1,483) ( 125) ( 52,054 950,703 $	837,396) ($ 204,542) ( 1,645 1,040,293) ( 2,125,779) ($

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31) Interest revenue

nterest revenue
		Six months ended		Six months ended
		June 30, 2023		June 30, 2022
Interest income from margin loans	$	308,540	$	430,182
Interest income from bonds		233,540		53,959
Others		53,794		20,594
Total	$	595,874	$	504,735

32) Net valuation gain (loss) on trading securities at fair value through profit or loss

Gain (loss) on sale of securities - dealer Gain (loss) on sale of securities - underwriting Gain (loss) on sale of securities - hedging Total		Six months ended June 30,2023 Six months ended June 30, 2022 173,734 $ 1,292,892) ($ 113,094 83,375) ( 239,060 1,008,529) ( 525,888 $ 2,384,796) ($

33) 34)	Net gain (loss) on covering of borrowed securities and bonds with resale agreements-short sales Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair Six months ended June 30, 2023 Six months ended June 30, 2022 Gain (loss) from the bond investments under resale agreements $ - $ 56 Gain (loss) from securities borrowing transactions 59,856 ( 47,480) Gain (loss) from covering ( 99,080) 73,433 Total 39,224) ($ 26,009 $	Net gain (loss) on covering of borrowed securities and bonds with resale agreements-short sales Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair Six months ended June 30, 2023 Six months ended June 30, 2022 Gain (loss) from the bond investments under resale agreements $ - $ 56 Gain (loss) from securities borrowing transactions 59,856 ( 47,480) Gain (loss) from covering ( 99,080) 73,433 Total 39,224) ($ 26,009 $	Net gain (loss) on covering of borrowed securities and bonds with resale agreements-short sales Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair Six months ended June 30, 2023 Six months ended June 30, 2022 Gain (loss) from the bond investments under resale agreements $ - $ 56 Gain (loss) from securities borrowing transactions 59,856 ( 47,480) Gain (loss) from covering ( 99,080) 73,433 Total 39,224) ($ 26,009 $
	value through profit or loss Valuation gain (loss) from securities borrowing transactions Valuation gain (loss) from covering Total	Six months ended June 30,2023 895,043) ($ 54,528) ( 949,571) ($	Six months ended June 30, 2022
			1,624,938 $ 46,696 1,671,634 $

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35) Net gain (loss) from issuance of call (put) warrants

		Six months ended		Six months ended
		June 30, 2023		June 30, 2022
Net gain (loss) on changes in fair value of call
(put) warrant liabilities and redemption	($	56,132)	$	1,491,373
Net gain (loss) on exercise of call (put) warrants
before maturity	(	20,531)	(	85,505)
Expenses arising out of issuance of call
(put) warrants	(	171,110)	(	140,426)
Total	($	247,773)	$	1,265,442

36) Net gain (loss) from derivatives

Net gain (loss) from derivatives
Expected credit impairment loss and reversal of impairment gain Other operating income Six months ended June 30,2023 Futures contract gain (loss) 603,443) ($ Option trading gain (loss) 15,159 OTC option trading gain (loss) 25,664) ( Net gain (loss) on foreign exchange derivatives 85,486 Asset SWAP 136,105) ( Others 44,842) ( Total 709,409) ($ Six months ended June 30, 2023 Impairment (loss) and reversal of impairment gain 8,139) ($ Recovery of bad debt 738 Total 7,401) ($ Six months ended June 30,2023 Income from securities lending 197,252 $ Net currency exchange gain (loss) 19,919 Handling fee revenues from funds 38,709 Others 4,177 Total 260,057 $	Six months ended June 30,2023		Six months ended June 30,2022
			332,691) ($ 78,206 68,678 53,327 20,159 18,960) ( 131,281) ($ Six months ended June 30,2022
Other operating income Impairment (loss) and reversal of impairment gain Recovery of bad debt Total Income from securities lending Net currency exchange gain (loss) Handling fee revenues from funds Others Total
	8,139) ($ 738 7,401) ($ Six months ended June 30,2023			15,802 $ 364 16,166 $ Six months ended June 30,2022
		197,252 $ 19,919 38,709 4,177 260,057 $		196,520 $ 17,917 31,220 370 246,027 $

37) Expected credit impairment loss and reversal of impairment gain

38) Other operating income

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39) Handling charges

Handling charges
		Six months ended		Six months ended
		June 30, 2023		June 30, 2022
Brokerage handling fee expense	$	117,388	$	123,429
Dealer handling fee expense		61,852		75,385
Refinancing processing fee expense		878		1,049
Total	$	180,118	$	199,863

40) Financial costs

Financial costs
		Six months ended		Six months ended
		June 30, 2023		June 30, 2022
Interest expense from repurchase agreements	$	183,296	$	10,846
Loans interest expense		148,342		16,609
Other interest expense		27,409		5,513
Total	$	359,047	$	32,968

41) Employee benefits expense

Employee benefits expense
Six months ended June 30,2023 Salaries 1,204,779 $ Labor and health insurance 72,798 Pension 34,180 Other employee benefits 53,330 Total 1,365,087 $	Six months ended June 30,2022
	857,600 $ 64,105 38,699 63,831 1,024,235 $

• A. In accordance to the Company’s Article of Incorporation, the remainder of the year-end income before taxes less income before appropriating employees’ compensation and directors’ remuneration, if any, shall appropriate an employees’ compensation no less than 1.6% and directors’ remuneration no more than 2%. However, when the Company has an accumulated deficit, earnings to cover the deficit shall first be retained before appropriating employees’ compensation and directors’ remuneration.

• B. For the six months ended June 30, 2023 and 2022, employees’ compensation was accrued at $36,869 and $0, respectively; directors’ remuneration was accrued at $36,869 and $0, respectively. The aforementioned amounts were recognized in salary expenses.

• C. For the six months ended June 30, 2023, employees’ compensation was estimated at 2% and directors’ remuneration at 2%, based on the period-end income before taxes less income before appropriating employees’ compensation and directors’ remuneration.

• D. The actual distributed amount of employees’ and directors’ remuneration for 2022 as resolved by the Board of Directors was in agreement with the estimates in the 2022 financial statements.

• E. Information on the appropriation of the Company’s earnings as resolved by the Board of Directors would be posted in the “Market Observation Post System” on the Taiwan Stock Exchange Official website.

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42) Depreciation and amortization

Depreciation Amortization Total	Six months ended June 30,2023 Six months ended June 30,2022 102,709 $ 85,404 $ 30,883 20,247 133,592 $ 105,651 $

43) Other operating expenses

Taxes Security lending expenses Computer information expenses TDCC service fee Postage Others Total	Six months ended June 30, 2023 Six months ended June 30,2022 335,561 $ 391,574 $ 125,811 123,421 73,131 62,199 42,039 43,832 39,019 38,903 196,404 163,928 811,965 $ 823,857 $

44) Other gains and losses

		Six months ended		Six months ended
		June 30, 2023		June 30, 2022
Financial income	$	37,086	$	6,391
Net gain (loss) on disposal of investments	(	973)	(	6,900)
Net gain (loss) on valuation of non-operating
financial instruments	(	2,795)		915
Other non-operating revenues		80,352		70,808
Total	$	113,670	$	71,214

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45) Income tax

A. Income tax expense

(a)Components of income tax expense:

Six months ended June 30,2023 Current tax: Current tax on profits for the periods 127,894 $ Prior year income tax underestimation (overestimation) 7,465) ( Tax on undistributed surplus earnings 59 Total current tax 120,488 Deferred taxes: Origination and reversal of temporary differences 21,201 Total deferred taxes 21,201 Income tax expense 141,689 $	Six months ended June 30,2022 71,032 $ 3,762 - 74,794 25,831 25,831 100,625 $

• B. As of June 30, 2023, the Company’s income tax returns through 2018 have been assessed and approved by the National Tax Authority.

• C. With respect to the income tax returns of the Company for 2018, the Tax Authority assessed to increase income tax payable by $4,581. The Company disagreed with the assessments and had filed for administrative remedy and had recognized the income tax expense based on the assessment.

46) Earnings per share

Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus		Six	Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) months ended June 30,2023	Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) months ended June 30,2023	Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) months ended June 30,2023	Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) months ended June 30,2023
		Amount after tax		Weighted-average outstanding common shares(In thousands)
		1,628,023 $ - 1,628,023 $		1,455,831 2,119 1,457,950		1.12 $ 1.12 $

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Six months ended June 30, 2022 Weighted-average Earnings per Amount outstanding common share after tax shares (In thousands) (In dollars) Basic earnings per share Net income attributable to common shareholders ($ 165,761) 1,455,831 ($ 0.11) Dilutive effect of common stock equivalents - - Employee bonus ($ 165,761) 1,455,831 ($ 0.11)

7. RELATED PARTY TRANSACTIONS

1) Names and relationships of related parties Names of related partiespartiesarties

Names of related partiespartiesarties Relationship with the Company Uni-President Enterprises Corp. Entity having significant influence on the Company President Capital Management Corp. Subsidiary of the Company PSC President Futures Corp. Subsidiary of the Company PSC President Securities (HK) Ltd. Subsidiary of the Company PSC President Insurance Agency Corp. Subsidiary of the Company PSC PSC Venture Capital Investment Subsidiary of the Company PSC Limited Company President Securities (Nominee) Ltd. Subsidiary of the Company PSC President Wealth Management (HK) Ltd. Subsidiary of the Company PSC Uni-President Asset Management Corp. Associate President Tokyo Co., Ltd. Other related party President Tokyo Auto Leasing Co., Ltd. Other related party ScinoPharm Taiwan, Ltd. Other related party Ton Yi Industrial Corp. Other related party President Chain Store Corp. (PCSC) Other related party Presco Netmarking, Inc. Other related party President Professional Baseball Team Co., Ltd. Other related party Qware Systems & Services Corp. Other related party Tung Ho Development Co., Ltd. Other related party Cayman President Holdings, Ltd. Other related party Funds managed by Uni-President Asset Security investment trust fund raised by the Management Corp. Uni-President Asset Management Corp.

Uni-President Enterprises Corp.

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2) Significant related party transactions and balances

A. Futures guarantee deposits receivable

A. Futures guarantee deposits receivable
B. Accounts receivable C. Prepayments D. Other receivables Subsidiary of the Company PSC: President Futures Corp. Entity having significant influence on the company: Uni-President Enterprises Corp. Subsidiary of the Company PSC: President Futures Corp. President Securities (HK) Ltd. Associate: Uni-President Assets Management Corp. Other related party: ScinoPharm Taiwan, Ltd. President Chain Store Corp. (PCSC) Others Total Other related party: Q-WARE Systems & Services Corp. Tung Ho Development Co., Ltd. President Chain Store Corp. (PCSC) Presco Netmarketing Co., Ltd. Others Total Subsidiary of the Company PSC: President Futures Corp. Others Associate: Uni-President Assets Management Corp. Other related party: Others Total		June 30,2023 5,573,993 $ June 30,2023		December 31,2022			June 30,2022
				4,954,584 $		4,948,049 $ June 30,2022 364 $ 4,201 133 - 660 224 82 5,664 $ June 30,2022 1,799 $ 600 246 8 152 2,805 $ June 30,2022 $ 83,765 24 199,648 31 283,468 $
				December 31,2022
			744 $ 2,740 - 10 375 221 85 4,175 $ June 30,2023 7,376 $ 600 243 7 18 8,244 $ June 30,2023 $ 146,053 26 - 23 146,102 $	350 $ 3,522 - - 336 406 103 4,717 $ December 31,2022
				7,663 $ 600 340 8 9 8,620 $ December 31,2022
				$ 300 21 - 14 335 $

－ E. Lease transactions lessee

(A) The Group leases business vehicles and multifunction printers, etc., from President Tokyo Co.,

Ltd. Rental contracts are typically made for periods of 1 to 5 years. Rents are paid monthly.

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(B) Right-of-use assets:

a. Acquisition of right-of-use assets:

(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:	(B) Right-of-use assets: a. Acquisition of right-of-use assets:
b. Disposals of right-of-use assets: (C) Lease liabilities a. Lease liabilities–current b. Lease liabilities–non-current c. Financial costs d. Net gain on lease modification F. Refundable deposits Six months ended June 30, 2023 Year ended December 31,2022 Six months ended June 30, 2022 Other related party: President Tokyo Co., Ltd. 1,427 $ 3,550 $ 2,680 $ Six months ended June 30,2023 Year ended December 31, 2022 Six months ended June 30, 2022 Other related party: President Tokyo Co., Ltd. 1,290 $ 1,018 $ 1,018 $ June 30,2023 December 31,2022 June 30, 2022 Other related party: President Tokyo Co., Ltd. 6,273 $ 6,536 $ 6,789 $ President Tokyo Auto Leasing Co., Ltd. 744 742 739 Total 7,017 $ 7,278 $ 7,528 $ June 30,2023 December 31, 2022 June 30,2022 Other related party: President Tokyo Co., Ltd. 8,087 $ 9,952 $ 12,289 $ President Tokyo Auto Leasing Co., Ltd. 1,819 2,192 2,563 Total 9,906 $ 12,144 $ 14,852 $ Six months ended June 30,2023 Six months ended June 30,2022 Other related party: President Tokyo Co., Ltd. 58 $ 76 $ President Tokyo Auto Leasing Co., Ltd. 9 11 Total 67 $ 87 $ Six months ended June 30,2023 Six months ended June 30,2022 Other related party: President Tokyo Co., Ltd. 1 $ 1 $ June 30,2023 December 31,2022 June 30,2022 Subsidiary of the Company PSC: President Futures Corp. 34,000 $ 34,000 $ 34,000 $												Six months ended June 30, 2022
												2,680 $ Six months ended June 30, 2022
												$	1,018 June 30, 2022
				$
				$
				June 30,
				$
				$
						58 $ 9 67 $ Six months ended June 30,2023				76 $ 11 87 $ Six months ended June 30,2022
						$				$		1 June 30,2022
		34,000 $						34,000 $				34,000 $

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G. Equity for each customer in the account

	June 30,2023	June 30,2023		December 31,2022	December 31,2022	December 31,2022	December 31,2022	June 30,2022	June 30,2022
Subsidiary of the Company PSC:
President Futures Corp.	$	19,564		$		3,104		$	50,000
H. Accounts payable
	June 30,2023			December 31,2022				June 30,2022
Subsidiary of the Company PSC:
President Futures Corp.	$	1,420		$		2,127		$	1,296
Others		-					-		261
Other related party:
President Tokyo Co., Ltd.		412					-		-
Others		63					-		-
Total	$	1,895		$		2,127		$	1,557
I. Guarantee deposit received
		June 30,2023			December 31,		2022		June 30,2022
Subsidiary of the Company PSC:
President Futures Corp.	$	16,137			$	16,137		$	16,137
Others			807				807		811
Associate:
Uni-President Assets Management Corp.		1,044				1,044			1,044
Other related party:
President Tokyo Co., Ltd.		1,418				1,418			1,418
Total	$	19,406			$	19,406		$	19,410
J. Handling fee revenue
			Six		months ended		Six months ended
				June 30,2023				June 30,2022
Entity having significant influence on	the company:
Uni-President Enterprises Corp.		$				-	$		4
Subsidiary of the Company PSC:
Others						5			23
Security investment trust fund raised by the
Uni-President Asset Management Corp.:
Funds managed by Uni-President Asset
Management Corp.						41,644			38,233
Other related party:
Others						756			847
Total		$				42,405	$		39,107

Terms of handling fee revenue mentioned above are similar to those of transactions with third parties.

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K. Futures commission income

K. Futures commission income	K. Futures commission income	K. Futures commission income	K. Futures commission income
L. Net gain (loss) on wealth management-trust income from sales of funds The revenues were collected on a monthly basis in accordance with contract terms. M. Other operating income-handling fee revenues from underwriting fund The revenues were collected on a monthly basis in accordance with contract terms. N. Other income–others Six months ended June30,2023 Six months ended June 30, 2022 Subsidiary of the Company PSC: President Futures Corp. 15,807 $ 22,204 $ Six months ended June 30, 2023 Six months ended June 30,2022 Associates: Uni-President Assets Management Corp. 7,121 $ 4,913 $ Six months ended June 30,2023 Six months ended June 30,2022 Associates: Uni-President Assets Management Corp. 37,676 $ 29,598 $ Six months ended June 30,2023 Six months ended June 30,2022 Associates: Uni-President Assets Management Corp. 240 $ - $
	240 $		- $

O. Rent income

Subsidiary of the Company PSC: President Capital Management Corp. Others Associates: Uni-President Assets Management Corp. Other related party: President Tokyo Co., Ltd. Total	Period Deposit 2020.10.01~2024.03.31 627 $ 317 2016.01.01~2024.03.31 1,044 2019.04.01~2024.03.31 1,418		Six months ended June 30,2023		Six months ended June 30,2022
			$ 1,918 1,256 3,427 4,471 11,072 $		$ 1,822 1,345 3,132 4,471 10,770 $

Rental income mentioned above is derived from leasing part of the Company’s office space and business premises to various related parties and calculated as agreed by both parties. Lease payments are collected on schedule in accordance with the terms of the lease contracts.

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P. Revenues from underwriting business

P. Revenues from underwriting business
	Six		months ended	Six	months ended
	June 30,2023			June 30,2022
Entity having significant influence on the company:
Uni-President Enterprises Corp.	$		2,800	$	-
Q. Stock custodian income
	Six months ended			Six months ended
			June 30,2023		June 30,2022
Entity having significant influence on the company:
Uni-President Enterprises Corp.	$		2,169	$	2,056
Subsidiary of the Company PSC:
Others			38		38
Associate:
Uni-President Assets Management Corp.			75		74
Other related party:
ScinoPharm Taiwan, Ltd.			1,157		1,190
Ton Yi Industrial Corp.			629		628
President Chain Store Corp. (PCSC)			1,285		1,313
Others			343		338
Total	$		5,696	$	5,637
Terms of stock custodian income mentioned above are similar to third parties.
R. Other operating expenses-Other
		Six months ended		Six months ended
			June 30,2023		June 30,2022
Subsidiary of the Company PSC:
President Capital Management Corp.	$		25,200	$	25,286
Other related party:
President Tokyo Co., Ltd.			32		150
Presco Netmarking, Inc.			837		3,814
President Professional Baseball Team Co., Ltd.			2,310		770
Total	$		28,379	$	30,020
S. Clearing charges-futures
	Six months ended			Six months ended
			June 30,2023		June 30,2022
Subsidiary of the Company PSC:
President Futures Corp.	$		8,866	$	11,173

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T. Financial expense

T. Financial expense
U. Purchases of trading securities–dealer Other related party: Cayman President Holdings, Ltd. Entity having significant influence on the company: Uni-President Enterprises Corp. Security investment trust fund raised by the Uni-President Asset Management Corp.: Funds managed by Uni-President Asset Management Corp. Other related parties: President Chain Store Corp. Other Total Entity having significant influence on the company: Uni-President Enterprises Corp. Security investment trust fund raised by the Uni-President Asset Management Corp.: Funds managed by Uni-President Asset Management Corp. Other related parties: President Chain Store Corp. Other Total
			$
		Ending Shares (In thousands)
		Ending Shares (In thousands)
		72 - 21

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Entity having significant influence on the company: Uni-President Enterprises Corp. Security investment trust fund raised by the Uni-President Asset Management Corp.: Funds managed by Uni-President Asset Management Corp. Other related parties: President Chain Store Corp. Other Total	Ending Shares (In thousands) 8 - 2	EndingBalance Gain(loss) 536 $ 280) ($ 472,791 4,306) ( - $ 8) ($ 54 333 473,381 $ 4,261) ($ June 30,2022

V. Compensation of key management personnel

The compensation of key management such as directors, general managers, vice general managers were as follows:

ere as follows:
Salary and short-term employee benefits Retirement benefits Other long-term employee benefits Termination benefits Share-based payment Total	Six months ended June 30, 2023		Six months ended June 30,2022
	65,970 $ 452 - - - 66,422 $		31,174 $ 486 - - - 31,660 $

8. PLEDGED ASSETS

The Company’s assets pledged or restricted for use were as follows:

Assets	June30,2023 1,500,000 $ 900,000 4,680,404 174,969 100,000 3,000,400	December31,2022 1,000,000 $ 848,100 2,661,333 237,302 100,000 2,400,355	June30,2022	Purposes
Trading securities (par value) - Corporate bonds - Government bonds - Overseas bonds - International bonds - Bank debentures Financial assets at fair value through other comprehensive income - current - Overseas bonds (par value) Financial assets at fair value through profit or loss - current:			200,000 $ 847,700 416,000 275,555 300,000 -	Securities for bonds sold under repurchase agreements Securities for bonds sold under repurchase agreements Securities for bonds sold under repurchase agreements Securities for bonds sold under repurchase agreements Securities for bonds sold under repurchase agreements Securities for bonds sold under repurchase agreements

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Assets June 30, 2023 December 31, 2022 June 30, 2022 Purposes
----- End of picture text -----

Assets	Ju	ne30,2023	Dece	mber31,2022	Ju	ne30,2022	Purposes
Other current assets:
- Demand deposits	$	777	$	250,167	$	9,746	Collections on behalf of third parties and
							reimbursement for wages and stocks
- Pledged time deposits		400,000		400,000		400,000	Securities for short-term loans and guarantees
							for issuance of commercial papers
Financial assets at fair value through
profit or loss - non-current:
- Government bonds (par value)		50,000		50,000		50,000	Trust fund deposit-out
Property and equipment
- Land and buildings (book value)		1,088,369		1,091,048		1,101,798	Securities for short-term loans and guarantees
							for issuance of commercial papers
Pledged time deposits (stated as
other non-current asset)
- Operating guarantee deposits		505,000		505,000		505,000	Security deposits

9. SIGNIFICANT COMMITMENTS

None.

10. SIGNIFICANT LOSS FROM NATURAL DISASTER

None.

11. SIGNIFICANT SUBSEQUENT EVENT

None.

12. OTHER

• 1) Management objective and policy of financial risks

• A. Risk management objective

  • The Company continually strengthens risk culture to every employee and makes sure that the Company can actively develop various businesses under a healthy and effective risk management system. At the same time, by creating value of an entity and continually increasing profit, profit maximization may be achieved within appropriate risk tolerance.

• B. Risk management system

  • In order to ensure the completeness of risk management system, run the balancing mechanism of risk management, and improve the division efficiency of risk management, the Company sets up “Risk Management Policy”. Such policy aims to establish internal system compliance and the guiding tools for policies communication within the Company and enable every layer of the Company engaged in different tasks to identify, evaluate, monitor, and control various risks with establishment of consistent compliance rules for risks of each business so that the risks can be controlled within the limits set in advance.

  • The Company’s risk management system covers risks incurred from businesses in and off the balance sheet, such as market risk, credit risk, liquidity risk, operating risk, legal risk, model risk, reputation risk and climate risk, which are all included in the risk management.

• C. Risk management organization

  • Risk management organization: Board of Directors, Risk Management Committee, Risk Control Office, Business units and other related segments (such as Office of Auditing, Office of General Manager, Compliance segment, Legal segment, Finance segment, Settlement segment and General Affair segment) are in charge of planning, supervising and execution.

  • (A) The Board of Directors should ensure the effectiveness of risk management and be responsible for the ultimate result and the following duties:

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• a. To establish proper risk management system, operating process, and risk management culture in the Company with allocation of necessary resource for better execution and operation.

• b. Policy of risk management review.

• c. Review and approval of business application, transaction authorization and risk limit.

• (B) The Risk Management Committee reports to the Board of Directors and is responsible for the following:

• a. Review risk management policy.

• b. Review the highest risk tolerance.

• c.Submit regular reports to the Board of Directors in relation to the risk management status of the whole Company.

• (C) The General Manager supervises daily risk management of the entire Company and is responsible for the following:

• a. Supervise and monitor daily risk management of the entire Company.

• b. Approval of management exceptions.

• (D) Assets and Liabilities Committee reports to the General Manager and is responsible for the following:

• a. Set up the ultimate guidelines for assets and liabilities management of the entire Company.

• b. Analyze and control the entire Company’s assets and liabilities portfolio.

• c. Approval of various businesses’ quotas.

• d. Gather and analyze information on domestic and offshore interest rate, exchange rate, prosperity fluctuation, political and economic environmental changes, and predict the financial trend in the future.

• (E) Risk Control Office implements risk management policy and related regulations and reports to the Risk Management Committee. Risk Control Office also reports daily risk management to the General Manager and is responsible for the following:

• a. Establish Risk Management Policy of the entire Company.

• b. Develop effective method for measurement and risk management in an entity.

• c. Review risk management system of business units.

• d. Generate risk report through information gathering and consolidation.

• e. Analyze various business risks and report to the General Manager.

• f. Report the risk management situation to the Risk Management Committee according to a meeting’s nature and needs.

• g. Carry out duties as designated by the Risk Management Committee and control risks of business units.

• (F) Auditing Office is responsible for the following:

• a. Execute operating risk control.

• b. Include the risk management system into internal audit program and carry out the daily audit schedule.

• c. Assess the effectiveness of internal control and verify the executed result.

• (G) Compliance segment and legal segment under the Office of General Manager are responsible for the following:

• a. Compliance segment should make sure that the business operation and risk management system are in compliance with relevant regulations.

• b. Legal segment is responsible for legal risk control.

• c. Compliance segment also provides services of Anti-Money Laundering and Counter Terrorism Financing, including designs specification and internal control, establishes transaction monitoring, oversees the effective implementation of business units, conducts the employee training and reports any suspicion of money laundering.

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• (H) Finance segment is responsible for the following:

  • a. Verify the correctness of position information and reasonability of profit and loss calculation.

  • b. Control and analyze self-owned capital adequacy ratio.

  • c. Analyze the appropriateness of structures of the assets and liabilities.

• (I) Business units are responsible for the following:

  • a. Set up risk management details of various businesses according to the risk management policy and other related regulations.

  • b. Provide sufficient position information and risk control information to the Risk Control Office.

• (J) Settlement division is responsible for the following:

  • a. Clearing and settlement; risk control and management of margin purchase and short sale of securities.

  • b. Risk control and management of trading middle office and enforcement of rules governing risk management of business segments.

• (K) General Affair segment is responsible for the following:

  • a. Verify and manage greenhouse gas.

  • b. Sustainable resources management, responsible procurement and supplier management.

• D. Risk management policy

In order to ensure the completeness of risk management system, run the balancing mechanism of risk management, and improve the division efficiency of risk management, the Company sets up “Risk Management Policy”. Such policy aims to establish internal system compliance and the guiding tools for policies communication within the Company and enable every layer of the Company engaged in different tasks to identify, evaluate, monitor, and control various risks with establishment of consistent compliance rules for risks of each business so that the risks can be controlled within the limits set in advance.

Risk management processes include risk identification, risk evaluation, risk supervision and various risk control. Each kind of risk evaluations and responding strategies are described as follows:

• (A) Market risk management

The Company has implemented risk management information system (Risk Manager) in relation to market risk control. All trading positions of the Company have been included in the daily risk control system for the calculation of Value at Risk (VaR). Limit exceeding indicators are mainly the nominal principal, stop-loss, sensitivity (Greeks) and VaR. The risk management report is presented on a daily basis for implementation of regular control and limit exceeding handling procedures.

• (B) Credit risk management

In relation to risk control, the quantitative model of default rate adopts KMV model to calculate the default rate of issuers with credit exposure of the issuing company and the trading counterparties, and credit risk of securities disclosed in the report. The credit exposure is mitigated through regular review of credit status.

• (C) Fund liquidity risk

Unit in charge of fund procurement regularly predicts future fund demand and supply, and consolidates company guarantee or endorsement and capital lending businesses to monitor the condition of fund procurement on a daily basis.

• (D)Operating risk

Settlement segment is responsible for confirming the settlement and clearing, accounts opening and the actual disbursement. Finance segment prepares vouchers based on the actual transaction evidence and compares whether the accounts and cash accounts are matched, and

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confirms the operating risks of accuracy of the transaction from an accounting perspective. Auditing segment is responsible for internal audit and internal control, and regularly samples and checks the performance of each unit.

• (E) Legal risk

Legal segment is responsible for reviewing of the Company’s various derivative financial instrument contracts, ISDA and individual account contracts, etc. and handle all legal-related issues.

• (F) Climate risk

The potential climate risk on investment position is estimated based on the two main risk indicators of climate risk, the physical risk and the transition risk. The Company complies with the policy guidelines set by the competent authorities and initiatives or guidelines internationally and generally recognized to enhance the quality and transparency of information disclosure.

• E. Hedging and risk-offsetting strategy

• (A) Policies of hedging and risk mitigating are parts of the Company’s risk management policies, and the hedging position and hedged trading position are supposed to be one portfolio, of which the gain and loss and risk information are measured on a consolidated basis.

• (B) The overall position (hedging position and trading position) is included in the daily risk management system to calculate Value at Risk and other relevant information. Limit exceeding indicators mainly include nominal principal, stop-loss point, price sensitivity and VaR. With the presentation of daily risk management report, routine control and limit exceeding treatment can be executed.

• (C) The continued effectiveness of hedging and risk-offsetting strategy is measured by the gain and loss of overall position (hedging position and trading position), in order to track reasonableness of the profit or loss of hedging position and the offsetting relationship with the profit or loss of trading position, and to control them within a reasonable range.

2) Credit risk

• A. Source and definition of credit risk

The credit risk exposure of the Company as a result of engagement in financial transactions include issuer’s credit risk, credit risk of counterparty and credit risk of underlying assets:

• (A) Credit risk of the issuer refers to the issuers of financial debt instruments held by the Company failing to repay its obligation due to the fact that the issuer breaches the contract resulting in the risk of financial loss to the Company.

• (B) Credit risk of counterparty refers to risk of financial loss to the Company arising from default by the counterparty of financial instruments on the settlement or payment obligation.

• (C) Credit risk of the underlying assets happens when the credit rating of the underlying assets linked to the financial instrument is downgraded by the rating agency or when the losses occur as a result of contract default.

• The financial assets held by the Company which could result in credit risk include bank deposit, debt securities, derivatives transactions in OTC, bonds purchased/sold under resale/repurchase agreements, refundable deposit of securities lending, futures trade margins, other refundable deposits and receivables.

• B. Maximum credit risk exposure and credit risk concentration

• The maximum exposure to credit risk of financial assets in the parent company only balance sheet, without consideration of the collateral or other credit enhancements, is equivalent to the carrying amount. In Taiwan, the sources of credit risk of the Company are primarily resulting from cash deposited with banks or other financial institutions, debt securities issued or guaranteed by a bank, derivative instruments transaction underwritten by the Company, and all

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counterparties of customer margin deposits accounts being financial institutions. Credit risks of various financial assets are as follows:

• (A) Cash and cash equivalents

Cash and cash equivalents include time deposit, demand deposits and checking deposits. Correspondent institutions are mainly domestic financial institutions.

• (B) Financial assets at fair value through profit and loss -current

• a. Fund

The funds held by the Company are bond funds. As the positions held are not significant, credit risk is deemed low.

• b. Commercial papers

The commercial papers held by the Company are repurchase agreements. As all the counterparties are financial institutions with good credit, the credit risk from counterparties is extremely low.

• c. Debt securities

Debt securities are mainly positions like government bonds, corporate bonds, convertible corporate bonds and foreign bonds and the issuers are primarily R.O.C. government, domestic and foreign legal entities. 15% of convertible corporate bond is guaranteed by banks. Details are as follows:

• (a)Government bonds

The bonds held by the Company are mostly government bonds (inclusive of central and local government). As a whole, the credit risk of the bonds held by the Company is low.

• (b) Corporate bonds

The corporate bonds held by the Company are mainly underlying investment with good credit rating and those with rating above (S&P BB).

• (c)Convertible corporate bond

The convertible corporate bonds held by the Company are mostly issued by the domestic legal entities. The Company mitigates highly risky credit exposure of the issuers by control through Taiwan Corporate Credit Risk Index (TCRI).

• (d)Foreign bonds

The foreign bonds held by the Company are mainly underlying investment with good credit rating and those with rating above (S&P BB).

• (C) Financial assets at fair value through other comprehensive income – current

The foreign government bonds held by the Company are classified as debt instruments at fair value through other comprehensive income. In general, the bonds held by the Company are with lower credit risk.

• (D) Derivatives- futures trade margin

When engaging in futures trades in stock exchange market, the Company needs to deposit margin into a margin deposit account of a financial institution designated by the futures merchants as a guarantee to fulfil contractual obligation in the future. As a result, the credit risk is low.

• (E) Derivatives-OTC

The Company signs International Swaps and Derivatives Association (ISDA) agreements with each counterparty when engaging in OTC derivatives as an agreement regarding such transactions for both parties. In the agreement, it provides a fundamental contractual model for OTC derivative transactions. If any party breaches the contract or terminates the transactions early, then all the open interest covered in the agreement should be settled by net amount as bound in the contract. When the ISDA agreement is signed, the Credit Support Annex (CSA) is also signed. According to the CSA, collateral will be transferred from a party

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to the other during transaction process to mitigate the risk of counterparty in open interest. Please refer to Note 6(9).

Types of OTC derivative transactions in which the Company is engaged include swap transaction. The counterparties are all from financial service industry and mainly located in Taiwan and United Kingdom.

• (F) Bonds investment under a resale agreement Bonds sold under a resale agreement are the bonds that the client sold to the Company at a price, interest rate, length of period as agreed by two parties and the client shall repurchase the bonds at the specified price upon maturity. The Company needs to assume credit risk from counterparties when underwriting such business, as the payment being delivered to the other party. With consideration of good collateral obtained, the net of credit risk exposure from counterparties can be effectively reduced. As all the counterparties are financial institutions with good credit rating, the credit risks from counterparties are extremely low. Please refer to Note 6(9).

• (G) Margin loans receivable

• Margin loans receivable are the loans provided to the client in order to process businesses of margin trading and short sale using the securities purchased through financing as collateral. The Company monitors the clients’ margin ratio through information system on a daily basis. As the margin ratio of margin trading is set at 130% according to Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms, the credit risk is extremely low.

• (H) Receivables of securities business money lending Receivables of securities business money lending are the non-restricted purpose loan business and monetary financing business, pursuant to an agreement between a securities firm and a customer, using customer securities and other commodities as collateral. The Group regularly assesses its customer line of credit and implements appropriate credit control. As the margin ratio of margin trading is set at 130% according to Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms, the credit risk is extremely low.

• (I) Guaranteed price for securities lending Guaranteed price for securities lending is the sale price of the Company’s securities sold by other securities firms through margin trading after deduction of securities transactions tax and service fee, which is deposited in other securities firms as collateral. As all the counterparties are financial institutions with good credit rating, the credit risk from counterparties is extremely low.

• (J) Refundable deposits for securities lending

• Refundable deposits for securities lending are the margins deposited in other securities firm as collateral when the Company’s securities are sold. As all the counterparties are financial institutions with good credit, the credit risk from counterparties is extremely low.

• (K) Receivables

• Receivables are the credit rights arising from the securities business including settlement receivables of consignment trading, settlement receivables of operating securities sold, financing interest receivables of self-operating credit transaction, receivables of consignment trading for securities, and receivables from banks’ underwriting on foreign exchange transactions and foreign fund demand. As the majority of the Company’s receivables from the consignment businesses and self-operating businesses are settlement of securities from OCT or TWSE, the credit risk is extremely low. As the foreign exchange transactions are simply the receipt or payment of different currencies and the correspondent banks are of good credit rating, the credit risk is extremely low.

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• (L) Other current assets

  • Other current assets are mainly the collateral deposited in the bank for application for shortterm debt limit and guarantee for application for issuance of commercial papers. As the correspondent banks are all financial institutions with good credit rating, the credit risk is extremely low.

• (M) Financial assets at fair value through profit and loss – non-current In order to underwrite trust business, the Company deposits central government bonds in the Central Bank as collateral. Regardless of the bonds themselves or the financial institutions where the bonds deposited, the credit risk is extremely low.

• (N) Other non-current assets

  • Other non-current assets mainly comprise operating guarantee deposits, settlement funds, and refundable deposits. Operating guarantee deposits are mainly deposited in domestic banks with good credit rating. Settlement funds are deposited in securities exchange. Settlement funds are used as compensation when a party to a marketable securities transaction fails to fulfil the settlement obligation. The credit risks from the institutions where these two assets are deposited are extremely low. The refundable deposits refer to cash or other assets which are deposited externally by the Company and can be used as refundable deposits. Because deposits are placed in various financial institutions and each deposit amount is small, the credit risk is dispersed and the credit exposure of overall refundable deposit is extremely low.

• C. Expected credit loss assessment

In the assessment of impairment and calculation of expected credit losses, the Company considers reasonable and supporting information about past events, current conditions and future economic conditions. The Company determines at the balance sheet date whether there has been a significant increase in credit risk since initial recognition or whether credit impairment has occurred and recognizes expected credit loss according to which stage the asset belongs: no significant increase in credit risk or low credit risk at balance sheet date (Stage 1), significant increase in credit risk (Stage 2), and credit impaired (Stage 3). 12-month expected credit losses are recognized for assets in Stage 1, and lifetime expected credit loses are recognized for assets in Stage 2 and Stage 3.

The definition of and expected credit losses recognized for each stage are as follows:

Item	Stage 1	Stage 2	Stage 3
Definition	No significant deterioration of credit quality of the financial asset since initial recognition, or the financial asset is considered low-risk at the balance sheet date.	Significant deterioration of credit quality of the financial asset since initial recognition, but the asset is not yet credit impaired.	The financial asset is credit impaired at the financial reporting date.
Expected credit losses recognition	12-month expected credit losses	Lifetime expected credit losses	Lifetime expected credit losses

(A) Judgements of the significant increase in credit risk since initial recognition

Judgements and assumptions used to determine whether the credit risk has a significant

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increase since initial recognition when the Company calculates expected credit loss under IFRS 9 are as follows:

• a. If contractual payments are over 30 days past due according to the payment terms, the financial asset is considered to have significant increase in credit risk since initial recognition.

• b. There is significant increase in credit risk at the reporting date if the credit rating of the issuer has been downgraded by more than 2 grades and the final external credit rating at the reporting date is non-investment grade, if the interest payments are over 30 days past due, or if there has been a default in the past.

• (B) Definition of default and credit-impaired financial assets According to the definition of credit impairment set by IFRS 9, a financial asset is creditimpaired when one or more events that have occurred and have a significant impact on the expected future cash flows of the financial asset. The criteria used to judge whether a financial asset is credit-impaired since initial recognition includes but is not limited to the following:

• a. Contractual payments or principal or interest payments on bonds are over 3 months (90 days) past due.

• b. Bond investment is rated as “in default” by external credit rating agencies.

• c. Bond issuer has filed for bankruptcy, restructure, or other debt clearance procedures.

• d. Issuer or counterparty has financial difficulties.

• (C) Writing-off policy

If any of the following condition applies, the Company will write off the non-recoverable portion of the overdue receivables as bad debt.

• a. Debt cannot be fully or partially recovered due to dissolution of, disappearance of, settlement with, bankruptcy declaration by the debtor, or any other reason.

• b. The collateral and the assets of the primary and secondary debtors could not be auctioned off after multiple attempts and multiple price discounts, and the Company has not received any real benefits in assuming the collateral.

• c. Payments are over two years past due and could not be recovered after attempts to collect.

• (D) Measurement of expected credit losses

• The Company considers reasonable supporting information which shows significant increase in credit risk since initial recognition when calculating expected credit losses. Main indexes include: internal/external credit rating, information of past due, credit spread, other market information in relation to the borrower, issuer or counterparty, and significant increase in credit risk of other financial instrument of the same borrower. Investments in bills and bonds

  • (a)Probability of default was based on external credit rating, which include forwardlooking information.

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• (b)Loss given default was based on the average loss given default of external credit rating of investment position and counterparties.

• (c)Exposure at default

Stage 1, Stage 2 and Stage 3: Total carrying amount (including interest receivable).

• (E) Consideration of forward-looking information

  • Historical loss rate (based on the historical experience in the past 3 to 5 years) as obtained and compared with economic environment in the past, nowadays and future (forwardlooking factor) to see whether there is any significant change, and then to properly adjust future loss rate standards. If any significant default event occurs, the loss rate in the current year will be included in the calculation of future loss rate standard.

• D. Table of movements in loss provision of the Company

• (A) At June 30, 2023, December 31, 2022 and June 30, 2022, there were no changes in the loss allowance for investments in debt instruments measured at fair value through other comprehensive income.

• (B) Except for debt investments and its interest receivable, the Company applies the modified approach to measure the loss allowance at an amount equal to lifetime expected credit losses for receivables and overdue receivables. The movements in loss provision of marginal receivables, accounts receivable, other receivables-others and other non-current assetsoverdue receivables of the Company are as follows:

Six months ended June 30, 2023

At January 1 Provision (reversal of provision) for impairment At June 30 At January 1 Provision (reversal of provision) for impairment Derecognised At December 31		Marginal receivable	Accounts receivable	Accounts receivable		Other receivables	Other non-current assets-overdue receivables		Total
		28,315 $ 8,483 36,798 $	659 $ 133) ( 526 $ Year			- $ 8,224 $ - 211) ( - $ 8,013 $ ended December 31,2022			37,198 $ 8,139 45,337 $ Total
		Marginal receivable		Accounts receivable		Other receivables	Other non-current assets-overdue receivables
	47,433 $ 19,118) ( - 28,315 $		742 $ 54) ( 29) ( 659 $			- $ - - - $	12,517 $ 1,455) ( 2,838) ( 8,224 $	60,692 $ 20,627) ( 2,867) ( 37,198 $

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Six months ended June 30, 2022

			Six		onths ended	June 30,2022
At January 1 Provision (reversal of provision) for impairment At June 30	Marginal receivable		Accounts receivable		Other receivables	Other non-current assets-overdue receivables Total 12,517 $ 60,692 $ 1,404) ( 15,802) ( 11,113 $ 44,890 $
	47,433 $ 14,419) ( 33,014 $		742 $ 21 763 $		- $ - - $

3) Liquidity risk

• A. Definition and source of liquidity risk

Liquidity risk refers to possible financial losses arising from the inability to realize the asset or to obtain sufficient fund to fulfil the financial liabilities soon to be matured. Above situations may weaken the sources of cash from the Company’s trading and investment activities.

• B. Liquidity risk management procedure and stimulation test

In order to prevent operational crisis as a result of liquidity risk, the Company has established responding crisis process with regular monitoring over liquidity gap of fund.

• (A) Procedure

In addition to the operating capital for various business and long-term investment, the Company needs to maintain revolving funds at a certain level for daily operation. The use of remaining fund shall avoid high concentration and should be based on the principle of holding sound earning assets with high liquidity and treated in compliance with policies of the Company.

The responsive unit for fund procurement adjusts the liquidity gap to ensure proper liquidity according to the daily volume and movement in the market.

• (B) Stimulation test

• a. The Company reviews fund liquidity risk from a perspective of supply and demand of fund every month with simulation analysis of available fund for emergency including scenario analysis of cash, funding limit of financial institutions, margin loans and short sale, and value of disposal of position in order to compute maximum available fund and fund demand. Finally, safety stock of fund is reviewed to monitor liquidity risk.

• b. Above liquidity risk is generally reviewed monthly. However, if the available limit of increment banking credit risk in financing limit of a financial institution is lower than a certain amount (that is, the amount may be timely adjusted according to the fund liquidity in the market and the actual fund demand and supply in an entity), the safety stock will be reviewed weekly. After the early warning report for fund is submitted, the head of finance segment will call for a fund control meeting.

• c. Other than individual funding liquidity risk of an entity, stress test of minimization funding supply and maximization funding demand in the event of significant crisis is simulated, including:

  • (a)When there is a significant crisis in the market, the financing limit of the financial institutions and the value of disposal of position can be deemed the minimized ratio

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of fund supply which is then adjusted according to actual condition to compute the total fund supply under maximum stress.

  - (b)Except for the operating expense, the stock concept is adopted for the calculation of total fund demand under maximum stress.

  - (c)The Company should conduct a review to see whether the total minimized fund supply is more than maximized total fund demand. The Company should further review how long (by month) the difference may cover the operating expenses so that the safety stock of fund (by month) under stress test can be computed.

  - (d)The minimum safety stock of fund under stress test (by month) may be adjusted according to the crisis itself and only operating expense for at least 6 months under a normal stimulation can be deemed safe.

• C. Maturity analysis for the financial assets and financial liabilities held for liquidity risk management

• (A) The Company holds cash and sound earning assets with high liquidity in order to fulfil the payment obligation and potential emergency fund demand in the market. Financial assets held for liquidity risk management are mainly cash and cash equivalents, among which, all time deposits mature within a year. Financial assets at fair value through profit and loss are mainly listed stocks, convertible bonds and debt securities. As all of them have positions in active market, the liquidity risk is deemed low.

(Blank below)

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(B) Maturity analysis for the financial liabilities is as follows:

Short-term loans Commercial papers payable Non-derivative financial liabilities Derivative financial liabilities Bonds sold under repurchase agreements Deposits on short sales Deposits payable for securities financing Securities lending refundable deposits Accounts payable (includes notes payable) Collections on behalf of third parties Other payables Other financial liabilities -current Lease liability Total Financial liabilities at fair value through profit or loss-current						June 30,2023
		Immediately		Less than 3 months		3-12 months	1-5years - $ - - - - - - 34,094 - 86,600 - - 65,507 186,201 $	Total
		- $ - 3,841,649 3,266,274 - 715,580 911,453 - 24,286,586 516,861 122,134 - - 33,660,537 $		10,064,854 $ 21,800,000 - - 10,005,853 - - 681,731 42,617 8,115 762,442 3,943,224 18,628 47,327,464 $		- $ 1,500,000 - 279 - - - 298,410 - - 1,414,244 561,619 43,901 3,818,523 $		10,064,854 $ 23,300,000 3,841,649 3,266,553 10,005,853 715,580 911,453 1,014,235 24,329,203 611,576 2,298,820 4,504,843 128,036
								84,992,725 $

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Short-term loans Commercial papers payable Non-derivative financial liabilities Derivative financial liabilities Bonds sold under repurchase agreements Deposits on short sales Deposits payable for securities financing Securities lending refundable deposits Accounts payable (includes notes payable) Collections on behalf of third parties Other payables Other financial liabilities -current Lease liability Total Financial liabilities at fair value through profit or loss-current				December 31,2022	December 31,2022	December 31,2022	December 31,2022	December 31,2022
		Immediately		Less than 3 months		3-12 months		1-5years - $ - - - - - - 33,278 - 87,709 - - 82,231 203,218 $	Total
		- $ - 7,477,868 1,678,216 - 1,809,356 1,809,962 - 10,707,683 639,496 9,063 - - 24,131,644 $		275,000 $ 5,830,000 - - 7,016,989 - - 829,410 22,962 16,313 195,889 2,158,151 18,838 16,363,552 $		- $ - - - - - - 943,903 - - 1,238,086 625,935 46,815 2,854,739 $			275,000 $ 5,830,000 7,477,868 1,678,216 7,016,989 1,809,356 1,809,962 1,806,591 10,730,645 743,518 1,443,038 2,784,086 147,884
									43,553,153 $

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June 30, 2022

						June 30,2022
Short-term loans Commercial papers payable Non-derivative financial liabilities Derivative financial liabilities Bonds sold under repurchase agreements Deposits on short sales Deposits payable for securities financing Securities lending refundable deposits Accounts payable (includes notes payable) Collections on behalf of third parties Other payables Other financial liabilities -current Lease liability Total Financial liabilities at fair value through profit or loss-current		Immediately		Less than 3 months		3-12 months		1-5years - $ - - - - - - 107,115 - 87,783 - - 107,459 302,357 $	Total
		2,025,000 $ 400,000 5,483,446 1,469,898 - 1,001,979 1,224,185 - 14,619,933 446,118 189,983 - - 26,860,542 $		200,000 $ 2,500,000 - - 2,079,109 - - 1,952,350 2,500 6,270 2,933,467 4,665,136 18,748 14,357,580 $		- $ - - - - - - 471,983 - - 1,271,621 1,564,808 47,840 3,356,252 $			2,225,000 $ 2,900,000 5,483,446 1,469,898 2,079,109 1,001,979 1,224,185 2,531,448 14,622,433 540,171 4,395,071 6,229,944 174,047
									44,876,731 $

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4) Market risk

A. Definition of market risk

Market risk refers to the risk of decrease in the Company’s revenue or value of investment portfolio as a result of the changes in exchange rate, commodity price, interest rate, and stock price or other market risk factors.

The Company continually exercises risk management tools such as sensitivity analysis, Value at Risk, stress test and so on to completely and effectively measure, monitor and manage market risk.

B. Value at Risk (VaR)

Value at Risk is used to measure the possible maximum potential losses in investment portfolio as a result of movement in market risk factor in a specified period and confidence level. The Company currently uses confidence level of 95% to calculate Value at Risk of one day. A VaR model must reasonably, completely and accurately measure the maximum potential risks of financial instruments or investment portfolio before being adopted as a risk management model by the Company. The VaR model used in risk management is continually certified and retrospectively tested to demonstrate that the model can reasonably and effectively measure the maximum potential risks of financial instruments or investment portfolios.

ximum potential risks of financial instruments	or investment portfolios.	or investment portfolios.
Six months ended June 30,2023 Amount June 30, 2023 166,411 $ VaR Maximum 203,408 VaR Average 95,219 VaR Minimum 33,256 Statistical table for one-dayVaR of transactions	Statistical table for one-dayVaR of transactions
	Six months ended June 30,2022 June 30, 2022 VaR Maximum VaR Average VaR Minimum	Amount 39,049 $ 166,546 56,334 17,965

Statistical table for VaR of various risk indicators of transactions

Six months ended

Six months ended
June 30,2023 June 30, 2023 VaR Maximum VaR Average VaR Minimum	Foreign exchange 6,569 $ 47,965 10,312 1,597	Interest 40,144 $ 81,522 51,148 5,259	Share ownership
			173,902 $ 217,781 79,570 28,063

Statistical table for VaR of various risk indicators of transactions Six months ended

Six months ended
June 30,2022 June 30, 2022 VaR Maximum VaR Average VaR Minimum	Foreign exchange 1,786 $ 16,207 3,001 856	Interest 3,869 $ 25,100 8,354 2,867	Share ownership
			37,998 $ 168,637 56,804 19,455

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C. Information on gap of foreign exchange risk

The following table summarizes financial instruments of foreign assets or liabilities by currency and the foreign exchange exposure presented by book value as of June 30, 2023, December 31,2022 and June 30, 2022 ：

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June 30, 2023
USD EUR AUD RMB HKD Others Total
Financial assets in foreign currencies
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Financial assets in foreign currencies		USD		EUR		AUD		RMB		HKD		Others		Total
Cash and cash equivalents	$	826,482	$	3,152	$	12,534	$	63,754	$	182,545	$	112,478	$	1,200,945
Financial assets at fair value through profit or loss		4,745,434		1,436,943		312,727		207,614		85,820		689,409		7,477,947
Financial assets at fair value through
comprehensive income - current		1,461,852		-		1,326,223		-		-		-		2,788,075
Investments under the equity method		-		-		-		2,640,526		816,389		-		3,456,915
Others		3,970,194		1,189,323		154,936		12,293		11,817		14,418		5,352,981
Financial liabilities in foreign currencies
Short-term loans		1,279,854		-		-		-		-		-		1,279,854
Financial liabilities at fair value through profit or loss		84,755		17		268		999		-		-		86,039
Bonds sold under repurchase agreements		4,798,905		736,799		1,607,621		102,227		-		108,593		7,354,145
Others		5,111,246		1,331,152		22,014		226,607		12,229		80,606		6,783,854

Note: As of June 30, 2023, foreign exchange rates of the above currencies to TWD were 1 USD = 31.140 TWD; 1 EUR = 33.810 TWD; 1 AUD = 20.620 TWD; 1 RMB = 4.282 TWD; and 1 HKD = 3.974 TWD, respectively.

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USD EUR Financial assets in foreign currencies Cash and cash equivalents 1,011,332 $ 3,991 $ Financial assets at fair value through profit or loss 3,633,380 150,892 Financial assets at fair value through comprehensive income - current 1,118,655 - Investments under the equity method - - Others 1,469,878 516 Financial liabilities in foreign currencies Financial liabilities at fair value through profit or loss 347,447 57 Bonds sold under repurchase agreements 3,243,659 89,976 Others 3,307,436 47 USD EUR Financial assets in foreign currencies Cash and cash equivalents 1,093,464 $ 3,774 $ Financial assets at fair value through profit or loss 1,545,093 19,371 Investments under the equity method - - Others 2,654,953 - Financial liabilities in foreign currencies Financial liabilities at fair value through profit or loss 396,377 - Bonds sold under repurchase agreements 463,217 - Others 4,364,643 - 1 AUD = 20.830 TWD; 1 RMB = 4.408 TWD; and 1 HKD = 3.938 TWD, respectively. Note: As of December 31, 2022, foreign exchange rates of the above currencies to TWD w			December 31,2022	December 31,2022	December 31,2022
			AUD RMB HKD Others 1,854 $ 18,623 $ 122,097 $ 42,820 $ 414,575 105,713 59,561 278,623 1,079,977 - - - - 2,764,018 1,396,988 - 157,024 1,536 25,738 23,730 598 1,347 99 1,821 1,459,403 81,148 - 69,823 43,949 204,959 14,531 5,728 June 30, 2022 ere 1 USD = 30.710 TWD; 1 EUR = 32.720 TWD;				Total
							1,200,717 $ 4,642,744 2,198,632 4,161,006 1,678,422 351,369 4,944,009 3,576,650
	USD 1,093,464 $ 1,545,093 - 2,654,953 396,377 463,217 4,364,643	EUR 3,774 $ 19,371 - - - - -	AUD 1,508 $ - - - - - -	RMB 62,139 $ 243,698 2,268,340 4,510 2,402 125,093 358,421	HKD 53,174 $ 79,241 1,394,917 6,852 25 - 4,493	Others 81,998 $ 280,717 - 992 - 65,646 68	Total
							1,296,057 $ 2,168,120 3,663,257 2,667,307 398,804 653,956 4,727,625

Note: As of June 30, 2022, foreign exchange rates of the above currencies to TWD were 1 USD = 29.720 TWD; 1 EUR = 31.050 TWD; 1 AUD = 20.450 TWD; 1 RMB = 4.439 TWD; and 1 HKD = 3.788 TWD, respectively.

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• D. The total exchange gain (loss), including realized and unrealized, arising from significant foreign exchange variation on the monetary items held by the Company for the six months ended June 30, 2023 and 2022, amounted to $19,919 and $17,917, respectively.

5) Fair value and hierarchy information

• A. Financial instruments and non-financial instruments not measured at fair value. Except for those listed in the table below, the carrying amounts of the Company’s financial instruments not measured at fair value (including cash and cash equivalents, bonds purchased under resale agreements, margin loans receivable, refinancing guaranty deposits, guaranteed proceeds receivable from refinancing, guaranteed price deposits for security borrowing, security borrowing deposits, customer margin deposit account, notes and accounts receivable, other receivables, short-term loans, commercial paper payable, bonds sold under repurchase agreements, guarantee deposit received from short sales, guaranteed price deposits received from securities borrowers, security borrowing deposits, equity of futures traders, accounts payable, collection for others, and other payables) approximate their fair values. The fair value information of financial instruments measured at fair value is provided in Note 12(5)3.

Total Non-financial assets June 30, 2023 Investment property 698,655 $ December 31, 2022 Investment property 743,741 June 30, 2022 Investment property 698,655	Quoted prices of the same assets in active markets (level 1)	Other significant observable inputs (level 2)	Significant non-observable inputs(level 3)
	- $ - -	698,655 $ 743,741 698,655	- $ - -

The fair value of investment property held by the Company was assessed by external valuation experts using comparison approach and income approach, or the fair value can be assessed based on the market price of the area adjacent to the location where the Company’s investment property is located.

• B. Valuation techniques

• (A)For financial instruments held for trading purposes which are classified as non-derivative instruments, their fair values are based on their quoted prices in an active market. If there is no quoted market price for reference, a valuation technique will be adopted to measure the fair value. Estimates and assumptions of valuation technique adopted by the Company are in agreement with the information of estimates and assumptions adopted by market users for financial instrument pricing and the said information shall be accessible to the Company. For those classified as derivative instruments, their fair values

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are based on their market prices if their quoted prices are available from an active market. If quoted market prices in an active market are not available, SWAP and IRS are valued at the discounted cash flow method, and options are valued at the Black-Scholes model.

• (B) When available-for-sale financial assets have quoted market prices available in an active market, the fair value is determined using the market price.

• C. Fair value hierarchy of the financial instruments

• (A) Definitions for the hierarchy classifications of financial instruments measured at fair value

  • a. Level 1

    • Level 1, are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. An active market has to satisfy all the following conditions: a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The Company’s investments in listed stocks, beneficiary certificates, on-the-run Taiwan central government bonds and derivative instruments with quoted market prices, are deemed as level 1.

  • b. Level 2

    • Inputs other than quoted market prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Investments of the Company such as off-the-run issue of emerging stock, government bonds, corporate bonds, bank debentures, convertible corporate bonds, currency swaps, interest rate swaps, options, asset swaps, and most derivatives are all classified within level 2. For the six months ended June 30, 2023 and 2022, there was no significant transfer of financial instruments between Level 1 and Level 2.

  • c. Level 3

    • Unobservable inputs for the assets or liability. The fair value of the Company’s investment in unlisted stocks is included in Level 3.

(Blank below)

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(B)Hierarchy of fair value estimation of financial instruments

Recurring fair value Non-derivative financial instruments Assets Financial assets at fair value through profit or loss-current Stock investments Bond investments Others Financial assets at fair value through other comprehensive income-current Stock investments Bond investments Financial assets at fair value through profit or loss - non-current Stock investments Bond investments Financial assets at fair value through other comprehensive income-non-current Stock investments Liabilities Financial liabilities at fair value through profit or loss - current Derivative financial instruments Assets Financial assets at fair value through profit or loss-current Liabilities Financial liabilities at fair value through profit or loss - current	Total 23,422,097 $ 15,759,697 2,791,677 384,192 2,788,075 6,317 49,844 289,729 3,841,649 5,864,631 3,266,553	Level 1 Level 2 23,356,332 $ 65,765 $ 5,401,082 10,358,615 2,791,677 - 384,192 - 2,788,075 - - - - 49,844 - - 3,841,649 - 5,843,963 20,668 1,768,648 1,497,905 June30,2023	Level3
			- $ - - - - 6,317 - 289,729 - - -

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Recurring fair value Non-derivative financial instruments Assets Financial assets at fair value through profit or loss-current Stock investments Bond investments Others Financial assets at fair value through other comprehensive income-current Stock investments Bond investments Financial assets at fair value through profit or loss - non-current Stock investments Bond investments Financial assets at fair value through other comprehensive income-non-current Stock investments Liabilities Financial liabilities at fair value through profit or loss - current Derivative financial instruments Assets Financial assets at fair value through profit or loss-current Liabilities Financial liabilities at fair value through profit or loss - current	Total 5,641,044 $ 10,677,909 2,496,243 299,150 2,198,632 16,604 49,779 294,855 7,477,868 5,200,004 1,678,216	Level 1 Level 2 5,568,337 $ 72,707 $ 2,916,006 7,761,903 2,496,243 - 299,150 - 2,198,632 - - - - 49,779 - - 7,477,868 - 5,194,967 5,037 1,087,228 590,988 December31,2022	Level3
			- $ - - - - 16,604 - 294,855 - - -

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Recurring fair value Non-derivative financial instruments Assets Financial assets at fair value through profit or loss-current Stock investments Bond investments Others Financial assets at fair value through other comprehensive income-current Stock investments Financial assets at fair value through profit or loss - non-current Stock investments Bond investments Financial assets at fair value through other comprehensive income-non-current Stock investments Liabilities Financial liabilities at fair value through profit or loss - current Derivative financial instruments Assets Financial assets at fair value through profit or loss-current Liabilities Financial liabilities at fair value through profit or loss - current	Total 8,158,202 $ 4,211,240 2,003,127 317,492 13,464 49,995 264,956 5,483,446 5,332,834 1,469,898	Level 1 Level 2 8,115,076 $ 43,126 $ 809,418 3,401,822 2,003,127 - 317,492 - - - - 49,995 - - 5,483,446 - 5,329,293 3,541 1,252,240 217,658 June30,2022	Level3
			- $ - - - 13,464 - 264,956 - - -

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(C) The following table is the movement of financial assets at Level 3:

Six months ended June 30, 2023

Financial assets at fair value through profit or loss - non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	January1	Valuation amount	Valuation amount	Increased	Increased	Decreased	Decreased	June 30
		Recorded in profit or loss	Recorded in other comprehensive income(loss)	Acquired/ Issued	Transfers into level 3	Sold/ disposed or settled	Transfers out from level 3
	16,604 $ 294,855	8,113) ($ - $ - $ - $ - (5,126) - - Year ended December 31,2022				2,174) ($ -	- $ -	6,317 $ 289,729
Financial assets at fair value through profit or loss - non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	January1	Valuation amount		Increased		Decreased		December 31
		Recorded in profit or loss	Recorded in other comprehensive income(loss)	Acquired/ Issued	Transfers into level 3	Sold/ disposed or settled	Transfers out from level 3
	12,650 $ 258,627	3,954 $ - $ - $ - $ - 36,228 - - Six months ended June 30,2022				- $ -	- $ -	16,604 $ 294,855
Financial assets at fair value through profit or loss - non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	January1	Valuation amount		Increased		Decreased		June 30
		Recorded in profit or loss	Recorded in other comprehensive income(loss)	Acquired/ Issued	Transfers into level 3	Sold/ disposed or settled	Transfers out from level 3
	12,650 $ 258,627	814 $ -	- $ 6,329	- $ -	- $ -	- $ -	- $ -	13,464 $ 264,956

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• (D) The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:

value measurement:
June 30,2023	Fair value	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
Financial assets at fair value through profit or loss - non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current December 31,2022 Unlisted stocks	6,317 $ Fair value 289,729	Net asset value Valuation technique Market approach	Not applicable Market price net profit after tax multiplier Price to book ratio multiplier Discount for lack of marketability Significant unobservable input Not applicable Market price net profit after tax multiplier Price to book ratio multiple Discount for lack of marketability	Not applicable 21.26~23.36 2.58~2.97 33% Range (weighted average)	Not applicable The higher the multiple,the higher the fair value The higher the discount for lack of marketability, the lower the fair value Relationship of inputs to fair value
Financial assets at fair value through profit or loss - non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	16,604 $ 294,855	Net asset value Market approach		Not applicable 23.03~24.62 2.93~4.92 20%~30%	Not applicable The higher the multiple,the higher the fair value The higher the discount for lack of marketability, the lower the fair value

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Range
Valuation Significant (weighted Relationship of
June 30, 2022 Fair value technique unobservable input average) inputs to fair value
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June 30,2022	F	air value	technique	unobservable input	average)	inputs to fair value
Financial assets at fair value
through profit or loss - non-current
Venture capital shares	$	13,464	Net asset value	Not applicable	Not applicable	Not applicable
Financial assets at fair value
through other comprehensive
income - non-current
				Enterprise Value EBIT Multiplier	11.85
				Market price net		The higher the
				profit after tax	27.23	multiple,the higher
				multiplier		the fair value
Unlisted stocks		264,956	Market approach	Price to book ratio multiplier	2.17
						The higher the
				Discount for lack of marketability	9.20%~35%	discount for lack of marketability, the
						lower the fair value

• (E) Valuation process for fair value at Level 3

• The parent company’s risk management department is responsible for the verification of fair value categorized in Level 3. The department assesses the independence, reliability, consistency and representativeness of the source information, regularly verifies the valuation models and calibrates the parameters to ensure the valuation process and results are in compliance with IFRSs.

• (F) For the fair value measurement of Level 3, the sensitivity analysis of the fair value to the reasonable alternative hypothesis shows that the fair value measurement of the financial assets by the Company is reasonable. However, use of different valuation models or assumptions may result in different measurement. The following is the impact to profit or loss or to other comprehensive income from financial assets and liabilities categorized within Level 3 if the inputs used in valuation models have changed up or down by 1%:

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June 30,2023	Favourable change Unfavourable change Not applicable Not applicable - - Favourable change Unfavourable change Recognised inprofit or loss Recognised inprofit or loss	Favourable change Unfavourable change Not applicable Not applicable - - Favourable change Unfavourable change Recognised inprofit or loss Recognised inprofit or loss	Recognised in other comprehensive income	Recognised in other comprehensive income
			Favourable change	Unfavourable change
Financial assets at fair value through profit or loss -non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks December 31, 2022			- $ - $ 2,897 2,897) ( Recognised in other comprehensive income
			Favourable change	Unfavourable change
Financial assets at fair value through profit or loss -non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks June 30, 2022	Not applicable Not applicable - - Favourable change Unfavourable change Recognised inprofit or loss		- $ - $ 2,949 2,949) ( Recognised in other comprehensive income
			Favourable change	Unfavourable change
Financial assets at fair value through profit or loss -non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	Not applicable -	Not applicable -	- $ 2,650	- $ 2,650) (

6) Capital management

A. Objective of capital management

• (A) The represented capital adequacy ratio basically shall not be lower than 200% in compliance with the warning standard addressed in the “Rules Governing Securities Firms”.

• (B) The Company includes all risks involved in the investment position as a part of risk management, such as market risk, credit risk, liquidity risk, operating risk, legal risk, and model risk and so on. Each risk management responsive unit should identify, evaluate, monitor and control various risks in order to enable the Company to defend impact from financial market, reflect the current operating strategies and make the investment portfolio applied to business planning and development.

• B. Capital management policy and procedure

• In order to secure the long-term and stable development of various businesses and effectively assume risks, the Company manages capital based on the business development, related regulations and financial market environment. Major capital evaluation processes include:

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• (A) Each segment should provide accurate and valid source of information to maintain calculation accuracy of capital adequacy ratio.

• (B) After the reporting at the 10th of each month, capital adequacy ratio should be computed by the end of every month. If the result is close to the legal standard, every unit will be called to attend a meeting for discussion and strategic planning to ensure that the basic objective of capital adequacy ratio is not less than 200%.

• (C) Both the risk limits and economic capital of the Company should be agreed by the Board of Directors. The Company should quarterly report details of risk control with disclosure of investment condition in order to assess whether the risk position exceeds the limit and whether the investment direction is in line with the market trend. Within the authorized risk limits, the Company is actively engaged in development of various businesses and continually increases profit, creates company value, and complies with the capital management objective.

The Company calculates and reports the capital adequacy ratio according to “Rules Governing Securities Firms”. As of June 30, 2023, December 31, 2022 and June 30, 2022, the capital adequacy ratios were 311%, 390% and 394%, respectively, as required by the regulations.

• 7) Assets and liabilities of trust accounts Pursuant to Article 17 of Enforcement Rules of the Trust Enterprise Act, balance sheet, income statement, and property list of trust accounts shall be disclosed in the parent company only financial statements on a semiannual basis.

• A. Balance sheet of trust accounts

Trust assets Bank savings Structured notes Stock Bond Bonds sold under repurchase agreements Fund Accounts receivable Total of trust assets Trust liabilities and equity Accounts payable Trust capital Net income (loss) Retained earnings Total of trust liabilities and equity	June 30,2023 June 30,2022 604,885 $ 483,210 $ 1,014,164 1,824,435 1,358,528 1,035,223 882,526 477,527 43,616 17,074 6,226,308 4,644,202 81,636 28,448 10,211,663 $ 8,510,119 $ June 30,2023 June 30,2022 15,808 $ 8,449 $ 9,525,110 8,578,155 600,720 139,884) ( 70,025 63,399 10,211,663 $ 8,510,119 $

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B. Income statement of trust accounts

STATEMENT OF INCOME

Item Trust income Interest income Cash dividends received Investment realized gains - bond Investment realized gains - stock Investment realized gains - fund Investment realized gains - structured notes Investment unrealized gains - bond Investment unrealized gains - stock Investment unrealized gains - fund Investment unrealized gains - structured notes Other revenue Subtotal Item Trust expenses Management fee Service fee Investment realized loss - bond Investment realized loss - stock Investment realized loss - fund Investment realized loss - structured notes Investment unrealized loss - bond Investment unrealized loss - stock Investment unrealized loss - fund Investment unrealized loss - structured notes Income (Loss) before income tax Income tax expense Net income (loss)		Six months ended June 30,2023		Six months ended June 30,2022
		34,306 $ 20,816 182 6,169 111,683 7,837 5,247 491,484 499,856 1,952 5 1,179,537 Six months ended June 30, 2023		34,220 $ 13,050 213 585 115,866 3,835 1,406 365,324 212,834 1,215 4 748,552 Six months ended June 30,2022
	735) ($ 204) ( 668) ( 2,734) ( 44,392) ( - 108,395) ( 50,561) ( 366,022) ( 4,940) ( 600,886 166) ( 600,720 $		655) ($ 229) ( 4,400) ( 142) ( 50,611) ( 297) ( 109,891) ( 32,666) ( 573,031) ( 116,492) ( 139,862) ( 22) ( 139,884) ($

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C. Property list of trust accounts

PROPERTY LIST OF TRUST ACCOUNTS JUNE 30, 2023 AND 2022

==> picture [460 x 139] intentionally omitted <==

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

Item June 30, 2023 June 30, 2022
Bank savings $ 604,885 $ 483,210
Structured notes 1,014,164 1,824,435
Fund 6,226,308 4,644,202
Bond 882,526 477,527
Bonds under repurchase agreements 43,616 17,074
Stock 1,358,528 1,035,223
Others 81,636 28,448
Total $ 10,211,663 $ 8,510,119
----- End of picture text -----

13. OTHER DISCLOSURE ITEMS

1) Information about significant transactions

• A. Lending to others: Excluding security margin trading and conditional bond trading business, there is no lending of funds to either the shareholders or other parties.

• B. Endorsements and guarantees for others ： None.

• C. Acquisitions of real estate exceeding $300 million or 20 percent of contributed capital ： None.

• D. Disposals of real estate exceeding $300 million or 20 percent of contributed capital ： None.

• E. Purchases or sales transactions discount on brokers’ charges with related parties in excess of $5 million ： None.

• F. Receivables from related parties exceeding $100 million or 20 percent of contributed capital ： None.

• G. Significant transactions between parent company and subsidiaries are provided in Note 7.

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2) Related information of investee companies

A. Related information of investee companies

Name of the investor	Name of the investee company	Location	Date of registration	Reference number and the date of approval letter issued byFSC	Major operatingactivities	Balance on June 30, 2023 Original i	Balance on December 31,2022 nvestment	EndingBalance	EndingBalance		Revenue of investee company	Net income (loss) of investee company	Investment income (loss) recognised by the Company	Cash dividends	Notes
								Shares 63,817,303 30,000,000 192,600,000 23,400,000 1,000,000 14,904,630 1,000,000 30,000,000 12,000	Percentage 96.69% 100.00% 100.00% 100.00% 100.00% 42.46% 100.00% 100.00% 0.03%	Book vlaue
President Securities Corp. President Securities Corp. President Securities Corp. President Securities Corp. President Securities Corp. President Securities Corp. President Securities Corp. President Securities Corp. President Insurance Agency Corp.	President Futures Corp. President Capital Management Corp. President Securities (HK) Ltd. President Wealth Management (HK) Ltd. President Securities (Nominee) Ltd. Uni-President Asset Management Corp. President Insurance Agency Corp. PSC Venture Capital Investment Limited Company Uni-President Asset Management Corp.	Taipei Taipei Hong Kong Hong Kong Hong Kong Taipei Taipei Taipei Taipei	1994.03.01 1997.04.15 1994.07.26 2002.03.31 1999.08.06 1992.09.03 2008.04.29 2013.10.29 1992.09.03	1994.03.01 Jing- Tou-Shen (83) Gong-Shang Letter No.1114 (Note 1) 1997.02.25 (86) Tai-Cai-Zheng (4) Letter No.17769 1993.11.4 (82) Tai- Cai-Zheng (2) Letter No.40913 2001.12.11 (90) Tai-Cai-Zheng (2) Letter No.166728 1997.10.27 (86) Tai-Cai-Zheng (2) Letter No.04840 2000.07.19 (89) Tai-Cai-Zheng (2) Letter No.56407 (Note2) 2013.08.08 Jing- Guan-Zheng- Chuan Letter No.1020028529 2000.07.19 (89) Tai-Cai-Zheng (2) Letter No.56407	Futures brokerage and dealer Securities investment consulting Securities dealer, brokerage, underwriting and consulting Wealth management Nominee Service Investment Trust Insurance Agent Consultation of investment management and venture capital; other unprohibited or unrestricted businesses beyond the permit Investment Trust	644,650 $ 326,000 848,735 92,091 3,403 667,622 10,000 300,000 478	644,650 $ 326,000 848,735 92,091 3,403 667,622 10,000 300,000 478			2,584,262 $ 306,349 816,389 - - 679,010 56,744 281,327 551	359,794 $ 36,550 42) ( - - 670,206 72,607 17,142 670,206	146,661 $ 1,453 15,151) ( 180 - 224,927 33,056 13,828 224,927	141,807 $ 1,455 13,787) ( 180 - 95,511 33,056 13,826 77	142,313 $ - 503,620 - - 167,751 33,496 - 136	Subsidiary of the Company Subsidiary of the Company Subsidiary of the Company Subsidiary of the Company Subsidiary of the Company Associates Subsidiary of the Company Subsidiary of the Company Associates

Note1 ： As FSC was established in July, 2004, President Futures Corp. was approved by the Investment Commission, Ministry of Economic Affairs.

Note2 ： When securities corporations invest in domestic business within FSC's limitation, there is no need to obtain the approval from FSC in advance, according to Tai-Cai-Zheng (2) Letter No.0930000005. Therefore, there was no reference numbers for President Personal Insurance Note3 ： Subsidiary President Securities (HK) Ltd., President Wealth Management (HK) Ltd. and President Securities (Nominee) Ltd. were approved by the board of directors in March 2022 to deal with the dissolution and liquidation matters, and the liquidation process are all currently in progress, of which President Wealth Management (HK) Ltd. and President Securities (Nominee) Ltd. had remitted all funds on account on April 27, 2023 for the subsequent liquidation process.

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• B. Lending to others: Excluding security margin trading and conditional bond trading business, there is no lending of funds to either the shareholders or

• other parties.

• C. Endorsements and guarantees for others ： None.

• D. Acquisitions of real estate exceeding $300 million or 20 percent of contributed capital ： None.

• E. Disposals of real estate exceeding $300 million or 20 percent of contributed capital ： None.

• F. Purchases or sales transactions discount on brokers’ charges with related parties in excess of $5 million ： None.

• G. Receivables from related parties exceeding $100 million or 20 percent of contributed capital ： None.

• H. Accordance with Jing-Guan-Zheng-Quan-Zi Letter No. 10703209011, the Company is required to disclose details of businesses run by foreign enterprises that were incorporated in the countries identified as non-signatories to the IOSCO MMoU or have not obtained securities or futures license of signatories to the IOSCO MMoU ：

• a) Revenue from engagement in consultation on assets management business, service contents and litigation ： None.

(Blank below)

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b) Balance sheets

PRESIDENT WEALTH MANAGEMENT (HK) LTD. BALANCE SHEETS

JUNE 30, 2023 AND 2022

		BALANCE SHEETS JUNE 30, 2023 AND 2022	BALANCE SHEETS JUNE 30, 2023 AND 2022	BALANCE SHEETS JUNE 30, 2023 AND 2022
Assets		June 30,2023				June 30,2022 Expressed in HK dollars
		Amount		%		Amount		%
Current assets Cash and cash equivalents Other receivables Prepayments Stockholders’ current account Total current assets Total assets Liabilities and shareholders’equity		- $ - - 15,428,111 15,428,111 15,428,111 $ - $ - 23,400,000 (7,971,889) 15,428,111 15,428,111 $		- - - 100 100 100 - - 152 (52) 100 100		15,222,355 $ 10,150 6,996 - 15,239,501 15,239,501 $ 10,200 $ 10,200 23,400,000 (8,170,699) 15,229,301 15,239,501 $		100 - - - 100 100 - - 154 (54) 100 100
Current liabilities Other payables Total liabilities Shareholders’ equity Share capital Retained earnings Accumulated deficit Total shareholders’ equity Total liabilities and shareholders’ equity

~95~

PRESIDENT SECURITIES (NOMINEE) LTD. BALANCE SHEETS

JUNE 30, 2023 AND 2022

		BALANCE SHEETS JUNE 30, 2023 AND 2022	BALANCE SHEETS JUNE 30, 2023 AND 2022	BALANCE SHEETS JUNE 30, 2023 AND 2022
Assets		June 30,2023				June 30,2022 Expressed in HK dollars
		Amount		%		Amount		%
Current assets Cash and cash equivalents Stockholders’ current account Total current assets Total assets Liabilities and shareholders’equity	- $ 393,949 393,949 393,949 $ - $ - 1,000,000 606,051) ( 393,949 393,949 $		- 100 100 100 - - 254 154) ( 100 100		427,542 $ - 427,542 427,542 $ 8,400 $ 8,400 1,000,000 580,858) ( 419,142 427,542 $		100 - 100 100 2 2 234 136) ( 98 100
Current liabilities Other payables Total liabilities Shareholders’ equity Share capital Retained earnings Accumulated deficit Total shareholders’ equity Total liabilities and shareholders’ equity

~96~

c) Statements of comprehensive income

PRESIDENT WEALTH MANAGEMENT (HK) LTD STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022

Accounts	Accounts			Six months ended June 30,2023	Six months ended June 30,2023		Expressed in HK dollars Six months ended June 30,2022	Expressed in HK dollars Six months ended June 30,2022
						Amount % 24,504) ($ 356 24,504) ( 356 17,627 256) ( 6,877) ( 100 - - 6,877) ($ 100 Expressed in HK dollars Six months ended June 30,2022
Expenditures and expenses Other operating expenses Total expenditures and expenses Non-operating gains and losses Other gains and losses Profit (Loss) before tax Income tax expense Net income (loss) Accounts FOR	FOR
			Amount 809) ($ 809) ( 732 77) ( - 77) ($		% 1,051 1,051 951) ( 100 - 100	Amount 11,820) ($ 11,820) ( 43 11,777) ( - 11,777) ($		% 100 100 - 100 - 100
Expenditures and expenses Other operating expenses Total expenditures and expenses Non-operating gains and losses Other gains and losses Loss before tax Income tax expense Net loss

~97~

d) Transactions between related parties and foreign business ： None.

3) Information of overseas branches and representative office: None

4) Disclosure of investment in Mainland China

Investee in Mainland China	Main business activities	Paid-in capital (Note 4)	Investment method (Note 1)	Investment method (Note 1)	Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2023	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the six months ended June 30,2023	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the six months ended June 30,2023	Amount remitted from Taiwan to Mainland China/ Amount remitted back to Taiwan for the six months ended June 30,2023	Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2023	Net income of investee as of June 30,2023	Ownership held by the Company (direct or indirect)	Investment income (loss) recognized by the Company for the six month ended June 30, 2023 (Note 2)	Book value of investments in Mainland China as of June 30,2023	Accumulated amount of investment income remitted back to Taiwan as of June 30, 2023
						Remitted to Mainland China	Remitted back to Taiwan
Jin Yuan President Securities Co., Ltd.	Securities brokering, securities dealing, securities underwriting and sponsoring service	$6,423,000	Directly invest in a company in Mainland China		3,138,169 $	- $	- $		3,138,169 $	103,901) ($	49%	45,749) ($ The financial statements that are audited by international accounting firm which has cooperative relationship with accounting firm in R.O.C.	2,640,526 $	- $
Company name Jin Yuan President Securities Co.,Ltd.				Accumulated amount of remittance from Taiwan to Mainland China as of June 30, 2023 $ 3,138,169				Investment amount approved by the Investment Commission of the Ministry of Economic Affairs (MOEA) $ 3,138,169				Ceiling on investments in Mainland China imposed by the Investment Commission of MOEA $ 18,518,462

Note 1: Investment methods are classified into the following three categories; fill in the number of category each case belongs to:

• (1) Directly invest in a company in Mainland China.

• (2) Through investing in an existing company in the third area, which then invested in the investee in Mainland. (Please indicate investmentcompany in the third area.)

• (3) Others.

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Note 2: In the ‘Investment income (loss) recognized by the Company for the six months ended June 30, 2023’ column:

• (1) It should be indicated if the investee was still in the incorporation arrangements and had not yet any profit during this period.

• (2) Indicate the basis for investment income (loss) recognition in the number of one of the following three categories:.

• a. The financial statements that are audited and attested by international accounting firm which has cooperative relationship with accounting firm in R.O.C.

• b. The financial statements that are audited and attested by R.O.C. parent company's CPA.

• c. Others.

Note 3: The numbers in this table are expressed in New Taiwan Dollars.

Note 4: The paid-in capital of Jin Yuan President Securities Co., Ltd. is CNY 1.5 billion.

5) Major shareholder information

==> picture [745 x 43] intentionally omitted <==

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

Major shareholder Number of shares held (thousands) Shareholding ratio
Uni-President Enterprises Corp. 417,517 28.67%
----- End of picture text -----

Note 1: The information of major shareholders in this table is based on the last business day of the end of each quarter by Taiwan Depository and Clearing Corp., which determines shareholders holding more than 5% of ordinary shares and special shares of securities firms that have completed unregistered delivery (including treasury shares). As for the share capital recorded in the financial report of the securities firm and the actual number of shares delivered by the securities firm without physical registration, there may be differences due to different calculation bases.

Note 2: In the case of the above information, if a shareholder delivers shares to the trust, it is disclosed in individual accounts by the trustee who opened the trust account by the trustee. As for the shareholders’ declaration of insider’s shareholding in accordance with the Securities and Exchange Act, their shareholding includes their own shareholding plus the shares delivered to the trust and the right to use the trust property. For information on insider’s equity declaration, please refer to the Market Observation Post System.

~99~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CASH AND CASH EQUIVALENTS

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item	Description	Amount
		$ 1,500 501,463 385,382 1,138,665 1,292,200 62,280
		$ 3,381,490

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PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Security lending Stocks： Yuanta U.S. Treasury 20+ Year Bond ETF Yuanta US 20+ Year BBB Corporate Bond ETF Yuanta US 20+ Year AAA-A Corporate Bond ETF CTBC USD Corporate 10+ Year High Grade Capped Bond ETF CTBC Banking Senior 10+ Year Bond ETF Yuanta U.S. Treasury 1-3 Year Bond ETF Subtotal Valuation adjustment Total Open-ended funds, money market instrument: Domestic Funds Yuanta Global Leaders Balanced Fund-TWD(A) Yuanta 0-2 Year Investment Grade Corporate Bond Fund- TWD(A) Yuanta 2-10 Year Investment Grade Corporate Bond Fund- TWD(A) Yuanta 10 plus Year Investment Grade Corporate Bond Fund- TWD(A) Subtotal Valuation adjustment Total Trading securities-dealer Stocks: TSE Stocks Taiwan Cement Corp. 2nd Preferred Shares	Description	Units, shares or certificates 620,000 590,000 382,000 3,718,000 3,251,000 121,000 2,431,907 1,000,000 1,000,000 1,000,000 1,029,000	Par value (dollar) $ 10	Total amount	Interest rate (%)	Cost $ 19,774 20,486 13,439 130,848 116,420 3,620 304,587 483 $ 305,070 $ 25,000 10,000 10,000 10,000 55,000 2,838 $ 57,838 $ 48,809	Unit price (dollars) $ 31.59 34.73 34.66 35.52 35.67 30.80 $ 11.37 10.1785 10.042 9.967 $ 49.20	Totalamount $ 19,586 20,491 13,240 132,063 115,963 3,727 $ 305,070 $ 27,651 10,179 10,042 9,966 $ 57,838 $ 50,627	Changes in the fair value attributable to changes in credit risk $ - - - - - - $ - $ - - - - $ - $ -	Remark

~101~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument FORMOSA TECHNOLOGIES CORPORATION NAN YA PLASTICS CORPORATION Makalot Industrial Co., Ltd. TECO ELECTRIC & MACHINERY CO., LTD. CHUNG-HSIN ELECTRIC & MACHINERY MFG. CORP. AIRTAC INTERNATIONAL GROUP China Steel Corporation TA CHEN STAINLESS PIPE CO., LTD. China Motor Corporation LITE-ON TECHNOLOGY CORPORATION UNITED MICROELECTRONICS CORP. DELTA ELECTRONICS, INC. HON HAI PRECISION IND. CO., LTD. CMC Magnetics Corporation YAGEO CORPORATION Taiwan Semiconductor Manufacturing Co., Ltd. Accton Technology Corp. INVENTEC CORPORATION ASUSTEK COMPUTER INC. GOLD CIRCUIT ELECTRONICS LTD TATUNG COMPANY GIGA-BYTE TECHNOLOGY CO., LTD. MICRO-STAR INTERNATIONAL CO.,LTD. Realtek Semiconductor Corporation QUANTA COMPUTER INC. ELITE MATERIAL CO., LTD. CHICONY ELECTRONICS CO., LTD. NANYA TECHNOLOGY CORPORATION AUO Corporation SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LT	Description	Units, shares or certificates 153,168 213,453 1,593,129 931,182 249,830 11,153 590,920 242,470 141,448 466,931 10,759,934 1,261,803 988,593 1,122,000 92,377 2,590,414 41,817 965,281 47,033 341,367 4,816,416 175,085 62,067 117,787 5,561,261 2,286,995 162,856 1,505,308 662,304 420,986	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 13,871 16,329 394,640 46,885 29,211 11,812 17,587 11,029 12,568 47,182 572,720 433,369 108,374 14,421 46,170 1,373,322 14,327 40,981 14,922 44,525 194,926 37,956 10,290 45,718 634,298 484,323 15,836 106,300 12,166 37,915	Unit price (dollars) $ 85.70 72.50 302.00 53.30 137.00 1,025.00 29.40 47.40 93.00 103.50 48.50 344.50 113.00 14.10 491.50 576.00 349.00 43.20 314.50 146.00 54.30 243.50 176.50 387.50 152.00 243.50 98.00 70.80 18.60 93.00	Totalamount $ 13,126 15,475 481,125 49,632 34,227 11,432 17,373 11,493 13,155 48,327 521,857 434,691 111,711 15,820 45,403 1,492,078 14,594 41,700 14,792 49,840 261,531 42,633 10,955 45,642 845,312 556,883 15,960 106,576 12,319 39,152	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~102~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument MediaTek Inc. PHIHONG TECHNOLOGY CO., LTD. CATCHER TECHNOLOGY CO., LTD. EVERGREEN MARINE CORP. (TAIWAN) LTD. Yang Ming Marine Transport Corp. WAN HAI LINES LTD. EVA AIRWAYS CORPORATION WOWPRIME CORP. Lion Travel Service Co., Ltd. CATHAY FINANCIAL HOLDING CO., LTD. CHINA DEVELOPMENT FINANCIAL HOLDING CORP. Preferred B Share Yuanta Financial Holding Co., Ltd Mega Financial Holding Company Ltd. Shin Kong Financial Holding Co., Ltd. Preferred Shares A Shin Kong Financial Holding Co.,Ltd. Preferred Shares B CTBC FINANCIAL HOLDING CO., LTD. LARGAN Precision Co.,Ltd Asia Vital Components Co., Ltd. Novatek Microelectronics Corporation FARADAY TECHNOLOGY CORP. Unimicron Technology Corp. Tripod Technology Corporation Wistron Corporation GENIUS ELECTRONIC OPTICAL CO.,LTD. Global Unichip Corporation INNOLUX CORPORATION LOTES CO., LTD JENTECH PRECISION INDUSTRIAL CO., LTD Alchip Technologies, Limited BizLink Holding Inc.	Description	Units, shares or certificates 1,153,088 159,865 67,690 13,856,604 7,925,831 181,486 14,000,950 107,000 2,012,902 310,588 8,356,556 434,031 436,999 1,199,000 1,401,000 467,603 32,061 706,855 190,484 85,059 216,073 228,231 8,921,917 43,423 51,960 968,430 16,814 99,660 9,935 58,437	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 852,537 12,544 12,500 2,177,539 490,794 10,693 483,638 34,758 346,050 13,713 62,533 10,076 16,128 41,799 48,982 11,216 70,668 142,427 85,463 17,200 36,573 28,054 699,442 17,122 79,225 14,579 14,905 59,641 16,461 18,009	Unit price (dollars) $ 688.00 78.00 175.50 93.50 63.00 59.00 39.80 318.50 174.50 43.15 7.03 23.10 38.20 32.10 32.10 24.85 2,130.00 271.00 426.50 211.00 176.00 123.50 90.80 396.00 1,605.00 15.25 860.00 645.00 1,795.00 322.00	Totalamount $ 793,325 12,469 11,880 1,295,592 499,327 10,708 557,238 34,080 351,251 13,402 58,747 10,026 16,693 38,488 44,972 11,620 68,290 191,558 81,241 17,947 38,029 $ 28,187 810,110 17,196 83,396 14,769 14,460 64,281 17,833 18,817	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~103~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument ASE Technology Holding Co., Ltd. Pegatron Corporation TEAM GROUP INC. CHONG HONG CONSTRUCTION CO., LTD. Chailease Holding Company Limited Waffer Technology Corporation Wistron NeWeb Corporation ENNOCONN CORPORATION Andes Technology Corporation Wiwynn Corporation YANKEY ENGINEERING Co., LTD. FENG TAY ENTERPRISES CO., LTD. GIANT MANUFACTURING CO., LTD. NAK SEALING TECHNOLOGIES CORPORATION Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal OTC stocks Tofu Restaurant Group Channel Well Technolory Co., Ltd. United Alloy-Tech.Company Universal Vision Biotechnology Co., Ltd. AURAS Technology Co., Ltd. eMemory Technology Inc Materials Analysis Technology Inc. Gudeng Precision Industrial Co., LTD AIC Inc. Parade Technologies, Ltd. LuxNet Corporation ASPEED TECHNOLOGY INC.	Description	Units, shares or certificates 380,728 291,116 183,576 140,000 87,557 1,053,000 272,783 51,081 26,000 40,945 197,000 182,219 48,727 95,000 15,963,824 63,067 192,952 214,000 60,050 97,972 54,000 155,231 895,000 77,127 17,000 201,847 30,000	~104~ Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 44,866 20,857 12,096 10,794 18,745 104,572 25,689 13,782 12,543 47,545 54,574 36,154 10,814 13,853 759,794 12,004,729 13,878 14,283 11,779 23,391 27,776 105,327 35,271 316,352 23,304 19,354 17,917 81,494	Unit price (dollars) $ 110.50 74.80 71.80 79.70 204.00 155.00 95.30 273.00 $ 475.50 1,420.00 340.00 196.50 230.00 149.50 266.50 76.80 52.30 424.00 297.00 2210.00 232.00 428.50 326.00 1075.00 104.50 2850.00	Totalamount $ 42,070 21,775 13,181 11,158 17,862 163,215 25,996 13,945 12,363 58,142 66,980 35,806 11,207 14,203 776,401 11,935,677 $ 16,807 14,819 11,192 25,461 29,098 119,340 36,014 383,508 25,143 18,275 21,093 85,500	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Sino-American Silicon Products Inc. Lanner Electronics Inc. HU LANE ASSOCIATE INC. Bora Pharmaceuticals Co., LTD. GlobalWafers Co., Ltd E Ink Holdings Incorporated Nextronics. Engineering Corp. ALLIED CIRCUIT CO., LTD. Phison Electronics Corp. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Emerging stocks Kanpai Co., Ltd Kingza International CO.,LTD. GoldKey Technology Corporation HENGS TECHNOLOGY CO., LTD. Gongwin Biopharm Holdings Co., Ltd. Pharmosa Biopharm Inc. Integrated Solutions Technology, Inc. Argo Yachts Development Co.,Ltd. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Exchange Traded Fund Yuanta/P-shares Taiwan Top 50 ETF Fubon Taiwan Technology Tracker Fund Fubon FTSE TWSE Taiwan 50 ETF Yuanta Daily Taiwan 50 Bear -1X ETF	Description	Units, shares or certificates 187,237 105,749 448,000 14,591 441,179 621,526 559,000 147,000 63,948 3,590,926 167,450 82,829 478,442 457,944 62,081 128,894 85,208 581,267 3,054,273 374,000 213,000 424,000 66,400,000	~105~ Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 29,441 12,270 73,774 11,018 215,175 130,830 42,995 20,425 26,660 216,740 1,469,454 23,360 7,592 14,365 13,719 16,127 15,584 11,273 22,512 102,261 226,793 48,200 21,659 28,354 359,507	Unit price (dollars) $ 161.50 112.00 166.50 779.00 497.00 225.00 71.60 138.50 411.50 140.60 132.85 34.55 28.12 257.89 114.94 132.74 38.78 129.10 116.10 74.75 4.82	Totalamount $ 30,239 11,844 74,592 11,366 219,266 139,843 40,024 20,360 26,315 218,624 1,578,723 23,543 11,004 16,530 12,877 16,010 14,815 11,311 22,542 100,650 229,282 48,283 24,729 31,694 320,048	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Yuanta S&P GSCI Crude Oil ER Futures ETF Yuanta S&P GSCI Crude Oil ER Futures ETF Yuanta U.S. Treasury 20+ Year Bond ETF CAPITAL TAIEX DAILY LEVERAGED 2X ETF CAPITAL TAIEX DAILY INVERSED -1X ETF Cathay U.S. Treasury 20+ Year Bond ETF Fubon 1-3 Years US Treasury Bond ETF Fubon 7-10 Years US Treasury Bond ETF Fubon 20+ Years US Treasury Bond ETF Cathay TIP TAIEX+ Low Volatility Select 30 ETF JKO S&P GSCI Brent Crude 2X Leveraged ER Futures ETF Yuanta U.S. Treasury 1-3 Year Bond ETF Yuanta US 20+ Year BBB Corporate Bond ETF Yuanta China Treasury + Policy Bank 3-5 Year Bond ETF Cathay Korea/Taiwan IT Premier ETF Cathay FTSE Emerging Markets ETF Yuanta US 20+ Year AAA-A Corporate Bond ETF UPAMC NYSE FANG+ ETF CTBC USD Corporate 10+ Year High Grade Capped Bond ETF CTBC Banking Senior 10+ Year Bond ETF Fubon FTSE Asian Broad Bond Index-China Investment-Grade ETF Yuanta US 10+ Investment Grade Bank Bond ETF CAPITAL ICE 7+ YEAR CHINA POLICY BANK EXCHANGE TRADED FUND. ETF CTBC U.S. Treasury 20+ Year Bond ETF Cathay U.S. PHLX Semiconductor Sector ETF. Fubon 7-15 Years Europe USD Banking ETF UPAMC 10Y+ Aa-A USD Senior Corporate Bond ETF ICE BofAML 0-1 Year US Treasury Index Cathay MSCI Taiwan ESG Sustainability High Dividend Yield	Description	Units, shares or certificates 1,533,000 13,934,000 5,045,000 997,769 5,499,395 4,359,000 578,000 455,000 390,000 465,000 11,737,000 1,035,000 1,057,512 254,880 821,000 989,000 1,677,790 332,000 4,573,000 2,227,000 489,000 489,000 331,838 706,000 640,000 304,000 2,440,000 665,000 12,018,000	Par value (dollar) $	Total amount	Interest rate (%)	Cost $ 22,650 131,997 157,408 29,391 19,442 139,742 22,440 15,623 13,111 11,414 138,841 31,672 35,951 11,710 23,668 19,541 57,496 15,732 160,864 79,650 17,686 21,279 13,083 22,251 20,933 10,062 70,880 27,492 230,652	Unit price (dollars) $ 14.76 9.43 31.59 48.22 3.24 33.02 39.07 34.76 33.51 24.99 11.83 30.80 34.73 44.54 29.49 19.97 34.66 57.50 35.52 35.67 36.30 34.65 38.88 32.09 32.76 33.24 28.96 41.88 19.25	Totalamount $ 22,627 131,398 159,372 48,112 17,818 143,934 22,582 15,816 13,069 11,620 138,849 31,878 36,727 11,352 24,211 19,750 58,152 19,090 162,433 79,437 17,751 16,944 12,902 22,656 20,966 10,105 70,662 27,850 231,347	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~106~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument ETF Cathay Taiwan 5G Plus ETF Fubon FTSE Vietnam ETF CTBC Taiwan ESG Leading Semiconductor ETF. CTBC Battery and Energy Storage Technology ETF Mega ICE Semiconductor ETF. CAPITAL TIP CUSTOMIZED TAIWAN ESG LOW CARBON 50 EXCHANGE TRADED FUND Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Unlisted stocks Others (the balance of each security does not exceed $10,000, collectively presented) Bonds: Government bonds A07107 A07111 A08101 A10109 A12201 HB0701 Subtotal Ordinary Corporate Bonds B618DA B618D7 B903YD B903YX	Description	Units, shares or certificates 1,784,000 3,150,000 2,036,000 1,418,000 500,000 997,188 11,228,314 29,046	Par value (dollar)	Total amount	Interest rate (%) 0.625% 0.750% 0.625% 0.250% 1.000% 0.780% 1.750% 1.650% 1.490% 1.530%	Cost 29,943 34,886 28,443 20,348 7,338 15,182 222,950 2,389,471 2,042 200,000 100,005 250,125 99,914 49,844 200,000 899,888 200,000 200,000 200,000 200,000	Unit price (dollars) 16.82 12.20 13.80 12.06 20.44 16.23	Totalamount 30,007 38,430 28,097 17,101 10,220 16,184 223,890 2,388,093 - 199,957 99,899 249,487 99,883 49,820 199,777 898,823 201,590 200,679 200,514 199,897	Changes in the fair value attributable to changes in credit risk - - - - - - - - - - - - - - - - - - - -	Remark

~107~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument P19APICO1 BNP FLOAT 06/06/28 B903YP B903YU B718A4 B903YH B903YS B618DG G13111 B903YE B618D1 P21QNBF2 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Convertible corporate bonds 15893 22013 23835 26034 26107 28887 30103 30336 32094 33233 36172 41235 44163 45401	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 5.804% 6.380% 1.900% 1.800% 1.650% 1.650% 1.600% 1.600% 0.400% 1.590% 1.500% 3.500%	Cost $ 155,804 155,700 100,000 100,000 100,135 100,000 100,000 100,001 100,012 50,000 50,000 34,256 7,579 1,953,487 13,340 49,812 11,557 28,755 12,781 34,433 26,487 25,890 23,100 22,939 14,656 9,931 12,670 26,108	Unit price (dollars)	Totalamount $ 156,343 155,479 101,210 101,087 100,596 100,588 100,488 100,207 97,578 50,087 50,017 34,326 7,552 1,958,238 13,467 49,084 12,150 28,964 14,825 35,070 26,651 26,433 23,472 22,890 15,013 10,500 12,650 25,596	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~108~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 49124 54342 58711 61965 62822 62853 64143 66131 66162 80705 84661 99211 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Overseas securities: Overseas stocks NVIDIA CORP MICROSOFT C ADV MICRO D TESLA MOTOR SUPER MICRO GOOGLE INC- MICRON TECH APPLE INC AMAZON.COM ELI LILLY & AVAGO TECHN ORACLE CORP	Description	Units, shares or certificates 23,328 12,701 19,375 7,267 7,474 10,280 19,288 3,733 4,510 1,036 420 2,869	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 16,315 19,263 67,350 17,184 64,115 32,224 23,401 11,719 10,565 35,047 16,453 25,410 229,092 880,597 276,917 116,005 69,486 51,308 48,145 37,730 40,087 19,627 16,595 13,966 9,041 9,907	Unit price (dollars) 13,172.84 10,604.42 3,547.16 8,151.52 7,761.64 3,727.46 1,965.25 6,040.23 4,059.41 14,604.04 27,011.77 3,708.46	Totalamount $ 16,573 19,375 66,201 17,172 64,944 33,856 23,936 11,795 10,802 34,570 16,725 26,410 236,270 895,394 307,296 134,687 68,726 59,237 58,011 38,318 37,906 22,548 18,308 15,130 11,345 10,640	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~109~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Overseas bonds CHGRID4.125 05/07/24 T 3.375 05/15/33 STANLN6.187 07/06/27 BAYNGR4.625 05/26/33 HYNMTR 5.8 06/26/25 KSA 4.875 07/18/33 MQGAU 5.208 06/15/26 ACGB 4.5 04/21/33 INDKOR5.125 10/25/24 T 4 06/30/28 EDF 5.7 05/23/28 ALPERI5.701 07/05/28 DBR 2.3 02/15/33 ACAFP 5.589 07/05/26 SKONKR5.375 05/11/26 BAC 4.134 06/12/28 MIZUHO FLOAT07/19/23 NAB FLOAT 05/12/26 NAB 4.9 06/13/28 CMPCCI6.125 06/23/33 STLA 4.25 06/16/31 GASBCM 5.78 08/23/32 MIZUHO5.778 07/06/29 NDAQ 5.55 02/15/34 NDAQ 5.35 06/26/28 GM 5.8 06/23/28	Description	Units, shares or certificates 95,710	Par value (dollar)	Total amount	Interest rate (%) 4.125% 3.375% 6.187% 4.625% 5.800% 4.875% 5.208% 4.500% 5.125% 4.000% 5.700% 5.701% 2.300% 5.589% 5.375% 4.134% 4.705% 4.663% 4.900% 6.125% 4.250% 5.780% 5.778% 5.550% 5.350% 5.800%	Cost $ 158,560 867,374 310,115 214,197 137,232 129,500 116,722 110,325 108,788 95,055 93,505 93,340 88,008 84,560 82,163 77,870 78,246 75,911 74,306 72,192 69,995 68,858 67,132 64,535 62,323 62,591 62,457 62,297	Unit price (dollars)	Totalamount $ 172,773 954,925 307,386 212,717 137,152 130,642 116,557 108,956 107,996 94,193 92,767 92,767 87,243 84,273 82,191 77,796 77,245 75,418 74,235 72,252 69,269 69,059 66,676 64,098 62,484 62,432 62,357 61,974	Changes in the fair value attributable to changes in credit risk - $ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~110~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument CDEP 5.75 05/05/26 BNP 5.335 06/12/29 PHILIP 5 07/17/33 FLOEPT4.875 07/03/28 UKT 4.25 06/07/32 ANZ 5.375 07/03/25 KSA 4.75 01/18/28 BPCEGP4.125 07/10/28 HKINTL 3.3 06/07/33 RTEFRA 3.75 07/04/35 HKINTL 2.95 06/07/28 KOMRMR5.375 05/11/28 VLVY 6.125 06/22/28 HYNMTR 5.6 03/30/28 SUMIBK4.492 06/12/30 T 4.3 11/18/34 CESSPO5.943 06/26/27 CAABNK4.375 06/08/26 BKIR 5 07/04/31 RENAUL4.875 06/14/28 SEB 4.125 06/29/27 EDPPL 3.875 06/26/28 DANBNK 4.75 06/21/30 MADRID3.362 10/31/28 RY 4.125 07/05/28 ABNANV 5.5 09/21/33 PORSCH4.125 09/27/27 DPWGR 3.375 07/03/33 PORSCH 4.25 09/27/30 KOMATS5.499 10/06/27 ACAFP 5.514 07/05/33	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 5.750% 5.335% 5.000% 4.875% 4.250% 5.375% 4.750% 4.125% 3.300% 3.750% 2.950% 5.375% 6.125% 5.600% 4.492% 4.300% 5.943% 4.375% 5.000% 4.875% 4.125% 3.875% 4.750% 3.362% 4.125% 5.500% 4.125% 3.375% 4.250% 5.499% 5.514%	Cost $ 62,544 55,828 54,548 50,639 47,424 46,721 47,034 43,767 43,090 43,746 42,910 42,175 39,391 39,075 33,818 33,808 33,820 33,743 33,719 33,804 33,806 33,736 33,756 33,827 33,697 33,744 33,701 33,767 33,585 31,307 31,140	Unit price (dollars)	Totalamount $ 61,497 55,318 53,661 50,749 47,032 46,638 46,327 43,963 43,932 43,854 43,206 41,435 39,210 38,596 34,013 33,948 33,841 33,818 33,804 33,802 33,789 33,779 33,731 33,699 33,622 33,620 33,603 33,408 33,239 31,690 31,283	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~111~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument MVMHU 7.5 06/09/28 HPE 5.9 10/01/24 T 5.4 02/15/34 CVS 5.3 06/01/33 POHANG5.625 01/17/26 TPNZ 5.233 06/30/30 CHILE 5.33 01/05/54 HYNMTR 5.7 06/26/30 NACF 4.875 07/03/28 MS 4.754 04/21/26 POLAND4.875 10/04/33 KOROIL 4.75 04/03/26 HOFP 3.625 06/14/29 MUFG 5.541 04/17/26 DTRGR 3.875 06/19/29 IGIM 4.125 06/08/32 ARQIVA 7.21 06/30/28 HSBC 4.856 05/23/33 EDF 6.25 05/23/33 HYNMTR 5.8 04/01/30 ABESM 4.125 01/31/28 KNBZMK4.687 06/01/28 KSA 4.274 05/22/29 STANLN6.296 07/06/34 PFE 4.75 05/19/33 T 3.625 05/15/53 ANZ FLOAT 03/31/26 ANVAU 6.134 05/31/33 EDENFP3.625 06/13/31 INCHLN 6.5 06/09/28 UKT 4.125 01/29/27	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 7.500% 5.900% 5.400% 5.300% 5.625% 5.233% 5.330% 5.700% 4.875% 4.754% 4.875% 4.750% 3.625% 5.541% 3.875% 4.125% 7.210% 4.856% 6.250% 5.800% 4.125% 4.687% 4.270% 6.296% 4.750% 3.625% 4.531% 6.134% 3.625% 6.500% 4.125%	Cost $ 31,147 31,198 31,168 31,066 31,406 30,941 31,124 31,103 31,024 31,149 31,258 30,934 30,197 28,059 26,910 26,518 25,601 25,389 25,302 23,742 23,607 23,346 22,839 21,899 21,747 20,743 20,620 20,648 20,144 19,601 19,477	Unit price (dollars)	Totalamount $ 31,106 31,098 31,097 31,062 31,027 30,962 30,936 30,918 30,746 30,657 30,620 30,533 29,996 27,790 26,816 26,536 25,538 25,522 25,320 23,515 23,506 23,072 22,660 21,830 21,591 20,887 20,681 20,396 20,065 19,143 19,003	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~112~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument BASGR 4 03/08/29 SPGB 3.55 10/31/33 HSBC 4.752 03/10/28 UNIMUS 4 06/13/31 DTRGR 3.875 06/19/26 MELAIR4.375 05/24/33 SYDAU 4.375 05/03/33 ABNANV4.375 10/20/28 SOCGEN4.125 06/02/27 INTNED 4.5 05/23/29 MQGAU FLOAT 06/15/26 NDAQ 5.65 06/26/25 NAB FLOAT 05/13/25 AMGN 5.15 03/02/28 BACR 7.119 06/27/34 LOW 5.15 07/01/33 INTC 4.875 02/10/26 NAB 5.2 05/13/25 MUFG 5.719 02/20/26 KORGAS4.875 07/05/28 HYNMTR 5.5 03/30/26 BNS 5.25 06/12/28 HYNMTR 5.68 06/26/28 HPE 5.25 07/01/28 CVS 5 01/30/29 BACR 5.829 05/09/27 KHFC 4.625 02/24/28 PIFKSA 4.75 02/14/30 T 3.625 05/31/28 MQGAU 5.887 06/15/34 ADMLN 8.5 01/06/34	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 4.000% 3.550% 4.752% 4.000% 3.875% 4.375% 4.375% 4.375% 4.125% 4.500% 6.322% 5.650% 5.841% 5.150% 7.119% 5.150% 4.875% 5.200% 5.719% 4.875% 5.500% 5.250% 5.680% 5.250% 5.000% 5.829% 4.625% 4.750% 3.625% 5.887% 8.500%	Cost $ 17,243 16,899 16,954 16,811 16,879 16,698 16,828 16,928 16,780 16,757 15,570 15,561 15,570 15,574 15,546 15,636 15,572 15,567 15,606 15,566 15,545 15,544 15,505 15,552 15,571 15,538 15,519 15,406 15,380 12,426 11,820	Unit price (dollars)	Totalamount $ 17,155 17,063 16,917 16,874 16,841 16,841 16,832 16,797 16,759 16,746 15,643 15,613 15,609 15,547 15,544 15,529 15,524 15,511 15,474 15,470 15,450 15,444 15,427 15,422 15,396 15,374 15,308 15,300 15,208 12,228 11,946	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~113~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Hong Kong stocks Tencent Holdings Ltd. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Shanghai stocks Foxconn Industrial Internet Co., ltd. Zhongxing Telecommunication Equipment Corporation Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Japan stocks Advantest Taiwan Inc. Socionext I Renesas Electronics Taiwan Co., Ltd. APPIER GROU Tazmo Co Lt IBIDEN CO L Marubeni Taiwan Co., Ltd. Mitsubishi Corporation LT Taiwan Co.,Ltd. ITOCHU CORP SUMITOMO SHOJI KAISHA, LTD. Mitsui & Co. Plastics Ltd. Nidec Corporation	Description	Units, shares or certificates 10,100 1,500,050 275,000 80,000 50,800 5,900 5,400 40,500 55,600 37,500 9,500 30,450 10,485 12,350 22,328 12,538 8,000	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 68,944 5,167,095 13,231 49,821 63,052 21,791 14,951 19,183 55,925 $ 23,342 23,260 18,397 21,281 20,943 16,002 14,600 14,188 14,068 13,869 13,727 13,934	Unit price (dollars) 1,317.78 107.91 195.00 $ 4,117.25 4,487.05 580.82 376.04 522.45 1,741.50 524.60 1,489.95 1,222.70 653.81 1,163.36 1,686.68	Totalamount $ 68,643 5,144,306 13,310 47,834 61,144 29,674 15,600 18,289 63,563 $ 24,292 24,230 23,523 20,908 19,592 16,544 15,974 15,622 15,100 14,598 14,586 13,493	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - $ - - - - - - - - - - - -	Remark

~114~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Depository Receipt Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Foreign index funds ISHARES-IBO ISHARES-LEH ISHARES 7-1 STREET-GOLD SPDR S&P 50 WISDOMTREE Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Total Valuation adjustment Total market price Trading securities-underwriter Stocks: TSE Stocks Others (the balance of each security does not exceed $10,000, collectively presented)	Description	Units, shares or certificates 96,790 1,950 8,945 8,215 7,932 3,000 1,034 4,654 33,698 250,000	Par value (dollar) $ 10	Total amount	Interest rate (%)	Cost $ 76,817 284,428 6,118 6,118 29,587 26,007 23,920 17,064 13,702 11,388 39,469 161,137 26,431,590 145,196 $26,576,786 $ 8,250	Unit price (dollars) 3,367.48 3,205.55 3,008.12 5,551.33 13,803.74 2,592.40 $	Totalamount $ 79,500 297,962 6,128 6,128 30,122 26,334 23,860 16,654 14,273 12,065 41,220 164,528 $ 26,576,786 $ 9,763	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - $ - $ -	Remark

~115~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument OTC Stocks Gudeng Precision Industrial Co., LTD Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Bonds: Convertible corporate bonds 17862 24393 30477 31412 32903 44163 47471 49163 49164 59055 62821 64323 64692 66033 67271 74021 80506 99061 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Total Valuation adjustment	Description	Units, shares or certificates 158,596 65,000	Par value (dollar) $ 10 10	Total amount	Interest rate (%)	Cost $ 35,700 3,900 39,600 25,500 18,593 10,504 43,531 25,644 17,387 38,000 19,500 26,000 48,000 12,864 15,000 82,847 31,500 13,566 14,000 40,000 22,550 28,861 533,847 581,697 171,614	Unit price (dollars) $ 428.5	Totalamount $ 67,958 6,227 74,185 47,175 19,601 12,418 42,281 31,224 19,030 62,320 28,958 31,226 55,920 16,064 16,350 99,773 32,256 18,022 31,500 47,880 24,395 32,970 669,363 $ 753,311	Changes in the fair value attributable to changes in credit risk - - - - - - - - - - - - - - - - - - - - - - - $ -	Remark

~116~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Total market price Trading securities-hedging Stocks: TSE Stocks Shihlin Electric & Engineering Corp. TECO ELECTRIC & MACHINERY CO., LTD. CHUNG-HSIN ELECTRIC & MACHINERY MFG. CORP. HOTA INDUSTRIAL MFG. CO., LTD. Yeong Guan Energy Technology Group Co., Ltd. WALSIN LIHWA CORPORATION TA YA ELECTRIC WIRE & CABLE Lotus Pharmaceutical Co., Ltd. HIWIN TECHNOLOGIES CORP. KING SLIDE WORKS CO.,LTD YULON MOTOR CO.,LTD SANYANG MOTOR CO., LTD. LITE-ON TECHNOLOGY CORPORATION UNITED MICROELECTRONICS CORP. DELTA ELECTRONICS, INC. HON HAI PRECISION IND. CO., LTD. YAGEO CORPORATION Taiwan Semiconductor Manufacturing Co., Ltd. Elitegroup Computer Systems Co.,Ltd. Taiwan-Asia Semiconductor Corporation Winbond Electronics Corporation Accton Technology Corp. SDI CORPORATION ACER INCORPORATED INVENTEC CORPORATION CHROMA ATE INC. GOLD CIRCUIT ELECTRONICS LTD	Description	Units, shares or certificates 96,000 435,000 371,990 171,000 163,025 651,479 1,328,102 106,000 169,934 36,000 483,998 293,000 139,000 2,607,000 169,400 3,591,852 106,501 1,058,206 346,000 338,000 1,124,000 46,000 98,000 334,000 1,679,000 67,490 341,400	~117~ Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 753,311 $ 14,333 23,856 48,417 12,763 11,538 27,643 50,230 34,624 41,229 20,183 38,187 22,418 14,265 139,776 51,816 392,777 53,992 568,344 10,705 15,306 31,731 16,402 12,567 11,148 74,161 16,598 47,792	Unit price (dollars) $ 149.50 53.30 137.00 71.90 71.80 41.00 38.60 325.50 237.50 663.00 82.60 89.50 103.50 48.50 344.50 113.00 491.50 576.00 31.70 44.25 27.45 349.00 130.00 31.35 43.20 250.50 146.00	Totalamount $ 14,352 23,186 50,963 12,295 11,705 26,711 51,265 34,503 40,359 23,868 39,978 26,224 14,387 126,440 58,358 405,879 52,345 609,527 10,968 14,957 30,854 16,054 12,740 10,471 72,533 16,906 49,844	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument GIGA-BYTE TECHNOLOGY CO., LTD. MICRO-STAR INTERNATIONAL CO.,LTD. Realtek Semiconductor Corporation ELITE MATERIAL CO., LTD. VIA TECHNOLOGIES, INC. NANYA TECHNOLOGY CORPORATION AUO Corporation MediaTek Inc. PHIHONG TECHNOLOGY CO., LTD. WALSIN TECHNOLOGY CORPORATION HTC Corporation EVERGREEN MARINE CORP. (TAIWAN) LTD. Yang Ming Marine Transport Corp. China Airlines Ltd. WAN HAI LINES LTD. EVA AIRWAYS CORPORATION Aerospace Industrial Development Corporation Getac Holdings Corporation LARGAN Precision Co.,Ltd Asia Vital Components Co., Ltd. IEI Integration Corp. Novatek Microelectronics Corporation FARADAY TECHNOLOGY CORP. Unimicron Technology Corp. Wistron Corporatio GENIUS ELECTRONIC OPTICAL CO.,LTD. Global Unichip Corporation INNOLUX CORPORATION FORMOSA SUMCO TECHNOLOGY CORPORATION LOTES CO., LTD Cyber Power Systems, Inc.	Description	Units, shares or certificates 331,000 83,000 63,403 221,400 175,000 294,000 714,200 580,578 435,000 147,627 197,000 7,033,180 1,654,000 2,899,000 576,560 7,736,000 1,111,000 239,000 43,317 235,000 137,000 290,144 266,000 688,800 6,558,000 79,000 75,991 1,677,365 161,000 30,297 53,000	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 77,058 14,736 24,714 52,524 14,500 21,700 13,961 446,146 34,602 14,999 12,095 1,091,169 103,974 77,674 35,399 304,574 65,058 17,092 92,838 54,219 12,865 123,204 52,597 122,216 488,900 31,724 106,732 26,131 26,814 26,379 11,479	Unit price (dollars) $ 243.50 176.50 387.50 243.50 81.00 70.80 18.60 688.00 78.00 95.40 57.10 93.50 63.00 26.20 59.00 39.80 60.00 66.90 2,130.00 271.00 90.10 426.50 211.00 176.00 90.80 396.00 1,605.00 15.25 167.50 860.00 223.50	Totalamount $ 80,599 14,650 24,569 53,911 14,175 20,815 13,284 399,438 33,930 14,084 11,249 657,602 104,202 75,954 34,017 307,893 66,660 15,989 92,265 63,685 12,344 123,746 56,126 121,229 595,466 31,284 121,966 25,580 26,968 26,055 11,846	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~118~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument JENTECH PRECISION INDUSTRIAL CO., LTD Alchip Technologies, Limited TPK Holding Co., Ltd. ASE Technology Holding Co., Ltd. Far EasTone Telecommunications Co., Ltd. Nuvoton Technology Corporation CHENG MEI MATERIALS TECHNOLOGY CORPORATION RichWave Technology Corporation Waffer Technology Corporation TONG HSING ELECTRONIC INDUSTRIES ,LTD. AcBel Polytech Inc. ENNOCONN CORPORATION Silergy Corp. Symtek Automation Asia Co., Ltd. AP Memory Technology Corporation Andes Technology Corporation Wiwynn Corporation YANKEY ENGINEERING Co., LTD. Powerchip Semiconductor Manufacturing Corp. NAN YA PRINTED CIRCUIT BOARD CORPORATION CHENBRO MICOM CO., LTD. Alexander Marine Co., Ltd. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal OTC Stocks C.T.I.TRAFFIC INDUSTRIES CO.,LTD. RICHMOND INTERNATIONAL TRAVEL & TOURS CO., LTD Channel Well Technolory Co., Lt WIN SEMICONDUCTORS CORP.	Description	Units, shares or certificates 25,100 24,895 387,000 364,300 233,000 103,000 16,409,384 112,029 151,000 60,978 714,000 44,000 81,590 768,000 83,000 25,000 29,000 41,000 504,000 108,450 75,000 57,000 5,737,344 800,000 458,000 567,000 356,700	~119~ Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 15,933 39,126 17,045 43,013 18,084 13,783 203,589 19,928 22,971 11,318 32,466 12,235 53,038 88,486 26,640 12,396 34,397 13,611 23,677 35,802 11,322 33,081 424,991 6,607,806 66,042 77,406 41,097 61,543	Unit price (dollars) $ 645.00 1,795.00 44.30 110.50 78.60 128.50 11.85 177.00 155.00 183.00 46.45 273.00 385.00 115.50 304.00 475.50 1,420.00 340.00 30.95 264.00 168.00 586.00 110.50 176.00 76.80 164.00	Totalamount $ 16,190 44,687 17,144 40,255 18,314 13,236 194,451 19,829 23,405 11,159 33,165 12,012 31,412 88,704 25,232 11,888 41,180 13,940 15,599 28,631 12,600 33,402 420,683 6,276,371 88,400 80,608 43,546 58,499	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Grand Process Technology Corporation. JETWELL COMPUTER CO.,LTD. ADATA Technology Co., Ltd. Ardentec Technology Inc. INTEGRATED SERVICE TECHNOLOGY INC International Games System Co., Ltd. CHIALIN Precision Industrial Co., Ltd. AURAS Technology Co., Ltd. Forcecon Technology Co., Ltd. eMemory Technology Inc Gudeng Precision Industrial Co., LTD AIC Inc. SHIEH YIH MACHINERY INDUSTRY CO., LTD. Sunmax Biotechnology Co., Ltd. ONENESS BIOTECH CO., LTD. Feature Integration Technology Inc. LuxNet Corporation GLORIA MATERIAL TECHNOLOGY CORP TAIWAN SEMICONDUCTOR CO., LTD. Sino-American Silicon Products Inc. GENESYS LOGIC, INC KENMEC MECHANICAL ENGINEERING CO.,LTD. Quanta Storage Inc. Lanner Electronics Inc. Taiwan Union Technology Corporation. Bora Pharmaceuticals Co., LTD. GlobalWafers Co., Ltd M31 Technology Corporation KEYSTONE MICROTECH CORPORATION BRIGHTEN OPTIX CORPORATION E Ink Holdings Incorporated	Description	Units, shares or certificates 37,000 338,000 243,000 298,000 125,000 37,000 944,000 165,000 130,000 8,764 25,000 34,000 991,000 108,000 353,156 130,000 261,000 915,000 318,880 341,500 120,000 293,000 219,000 147,000 488,000 30,000 101,000 25,936 58,000 50,000 248,000	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 19,916 23,992 21,954 18,630 11,859 22,980 73,586 47,920 11,239 14,656 10,554 9,758 26,584 29,019 75,661 11,171 23,231 53,255 31,734 54,174 13,683 17,668 15,998 17,455 36,941 23,411 52,192 23,755 13,114 12,006 54,026	Unit price (dollars) $ 543.00 74.70 89.00 60.90 97.20 618.00 85.00 297.00 88.30 2,210.00 428.50 326.00 31.00 230.50 216.00 77.60 104.50 57.60 97.10 161.50 112.00 68.80 74.20 112.00 75.50 779.00 497.00 969.00 225.50 233.00 225.00	Totalamount $ 20,091 25,249 21,627 18,148 12,150 22,866 80,240 49,005 11,479 19,368 10,713 11,084 30,721 24,894 76,282 10,088 27,275 52,704 30,963 55,152 13,440 20,158 16,250 16,464 36,844 23,370 50,197 25,132 13,079 11,650 55,800	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~120~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Formosa Electronic Industries Inc. Progate Group Corporation Phison Electronics Corp. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Warrants Others (the balance of each security does not exceed $10,000, collectively presented) Exchange traded fund JKO S&P GSCI Brent Crude 2X Leveraged ER Futures ETF Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Bonds: Convertible corporate bonds 15894 15991 20652 22013 22081 22313 22393 23383 23835 24213 24393 24972 26034	Description	Units, shares or certificates 284,111 324,000 113,122 3,439,994 12,579,000 882,000 134,000	Par value (dollar) $ 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 14,421 60,484 47,253 325,633 1,566,001 19,238 10,139 3,673 13,812 37,286 39,564 10,751 443,681 19,003 98,913 12,630 32,177 47,019 44,358 84,789 21,145 121,881	Unit price (dollars) $ 51.00 189.00 411.50 11.83	Totalamount $ 14,490 61,236 46,550 317,474 1,603,286 26,631 10,434 3,610 14,044 40,044 39,208 11,737 438,553 19,048 101,748 12,630 31,928 52,088 46,818 86,985 21,037 126,328	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - -	Remark

~121~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 26415 288701 28886 28887 30103 30238 30336 32903 33224 33233 33881 34132 34843 35332 35481 35763 36172 36451 36633 36871 37012 37074 41235 41236 41237 41294 41683 41902 44163 44382 45401	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 19,252 156,390 165,318 726,480 11,621 96,519 53,780 64,762 10,574 19,919 57,012 36,478 32,206 106,457 19,620 23,657 83,244 11,532 44,225 25,173 39,563 48,300 15,392 69,531 47,682 14,235 26,580 36,887 31,459 135,221 16,699	Unit price (dollars)	Totalamount $ 19,032 153,929 162,683 750,530 11,761 104,780 58,618 65,050 10,890 19,620 58,960 37,046 31,610 112,693 20,891 22,630 85,033 10,764 44,196 25,281 39,406 43,055 15,540 71,466 49,994 14,399 26,443 35,351 33,880 138,810 16,740	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~122~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 45553 45801 47393 47471 49066 49681 50096 50114 52881 53886 54501 56086 58711 61041 61564 61754 61791 61906 62031 62574 62791 62821 62822 62853 62882 64143 64144 64692 64774 64862 65095	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 9,908 12,289 23,961 12,122 48,314 29,207 13,476 15,793 21,445 143,818 13,935 11,228 86,960 21,491 15,542 25,773 36,901 66,795 12,033 14,556 125,072 145,549 138,686 49,534 17,623 14,979 12,304 123,734 17,092 21,487 10,465	Unit price (dollars)	Totalamount $ 10,080 13,224 23,762 15,088 51,750 34,580 17,700 15,825 21,625 156,233 13,122 11,230 85,771 22,939 15,300 25,620 35,700 71,909 12,535 14,749 124,820 159,009 140,237 53,032 17,986 15,744 14,008 130,395 17,449 24,638 10,300	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~123~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 65931 66033 66131 66701 67611 68041 80506 80705 81034 81713 82991 84221 84331 84421 89383 99211 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Overseas bonds MO 5.95 02/14/49 Overseas securities: Japan Stocks TOKYO ELECTRON TAIWAN LIMITED Renesas Electronics Taiwan Co., Ltd. Advantest Taiwan Inc.	Description	Units, shares or certificates 9,400 27,500 4,000	Par value (dollar)	Total amount	Interest rate (%) 5.95%	Cost $ 105,216 33,111 33,283 77,427 20,661 14,600 95,917 104,049 20,977 13,714 15,033 121,457 11,076 14,552 24,687 379,812 313,501 5,970,110 597 37,236 8,368 9,522	Unit price (dollars) $ 4,420.40 580.82 4,117.25	Totalamount $ 148,200 32,051 36,723 78,957 21,200 14,441 105,216 101,382 20,924 12,938 15,696 141,875 10,990 15,250 23,184 395,306 323,056 6,192,982 590 41,552 15,972 16,469	Changes in the fair value attributable to changes in credit risk - - - - - - - - - - - - - - - - - $ - - -	Remark

~124~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Korea Stocks SK HYNIX IN SAMSUNG ELE Subtotal Total Valuation adjustment Total market price Total	Description	Units, shares or certificates 8,900 11,090 31,600	Par value (dollar)	Total amount	Interest rate (%) (	Cost $ 8,374 63,500 31,769 56,258 88,027 14,329,091 48,625 ) $14,280,466 $41,973,471	Unit price (dollars) 2,718.72 1,703.92	Totalamount $ 8,575 82,568 30,150 53,844 83,994 $ 14,280,466 $ 41,973,471	Changes in the fair value attributable to changes in credit risk $ - - - - - $ - $ -	Remark

~125~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - CURRENT

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Stocks: TSE Stocks Taiwan Semiconductor Manufacturing Co., Ltd. Total Valuation adjustment Total Overseas bonds: ACGB 2.5 05/21/30 ACGB 3.25 04/21/29 T 2.875 05/15/32 T 4.125 10/31/27 Total market price Valuation adjustment Total Total	Description	Shares or certificates 667,000	Par value $ 10	Total amount	Interest rate (%) Cost Accumulated impairment $ 189,812 189,812 194,380 384,192 2.500% 1,170,146 3.250% 203,157 2.875% 1,230,323 4.125% 315,512 2,919,138 ( 131,063 ) 2,788,075 $ 3,172,267	Fair value	Fair value
						Unit price (dollars) $ 576.00	Total amount
							$ 384,192
							384,192
							1,127,584 198,638 1,152,472 309,381
							2,788,075
							$ 3,172,267

~126~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF DERIVATIVES INSTRUMENTS

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of derivatives instruments Derivatives assets Derivative financial instrument assets - OTC Currency derivative instruments Future Options bought - futures Futures guarantee deposits receivable Total Total derivatives assets Derivative liabilities Derivative financial instrument liabilities - OTC Options sold Currency derivative instruments Structured products Subtotal Call ( put ) warrants Issuance of call ( put ) warrants Future Options sold - futures ETNs Issuance of ETNs Total derivative liabilities	Description President Futures Corp. Capital Securities Corp. Yuanta Futures Co. Ltd. KGI Securities Co. Ltd.	Fair value $ 20,668 582 5,573,993 40,211 133,216 95,961 5,843,963 $ 5,864,631 $ 1,479,111 1,758 17,036 1,497,905 970,807 1,634 796,207 $ 3,266,553	Remark
			Note 1 Note 1 Note 1 Note 1 Note 1 Note 1 Note 2 Note 2 Note 2 Note 2 Note 2 Note 2

Note 1 ： shown as “Financial assets at fair value through profit or loss – current”. Note 2 ： shown as “Financial liabilities at fair value through profit or loss – current”.

~127~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF MARGIN LOANS RECEIVABLE

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of securities MediaTek Inc. Taiwan Semiconductor Manufacturing Co., Ltd. Alchip Technologies, Limited Wistron Corporation Global Unichip Corporation AURAS Technology Co., Ltd. LITE-ON TECHNOLOGY CORPORATION EVA AIRWAYS CORPORATION Realtek Semiconductor Corporation Makalot Industrial Co., Ltd. Others Less: Allowance for uncollectible accounts Total	Shares 995,000 1,327,000 444,000 6,599,000 455,000 1,255,000 3,163,000 7,397,000 840,000 874,000 361,783,000 (	Amount $ 400,021 386,749 349,479 245,936 214,852 208,932 196,174 168,975 151,185 147,086 11,250,744 36,798 ) $ 13,683,335	Remark

~128~

PRESIDENT SECURITIES CORPORATION STATEMENT OF ACCOUNTS RECEIVABLE

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Client Related party: President Futures Corp. Others Non-related party: Settlement price receivable-brokers Others Settlement price Taiwan Stock Exchange Corporation Taiwan Depository & Clearing Corporation Settlement price receivable-dealer Others Spot exchange receivable, foreign currencies Others Settlement price receivable-Foreign Bonds Others Interest receivable Others Dividend receivable Others Others Less: Allowance for uncollectible accounts Total	Description (	Amount $ 2,739 1,436 $ 4,175 $ 14,583,252 2,065,525 47,385 2,112,910 965,783 247,707 4,506,574 303,944 2,722,730 521,568 526 ) $ 25,963,942	Remark

Note: The balance of single client does not exceed 5% of the balance of account is listed as others.

~129~

PRESIDENT SECURITIES CORPORATION STATEMENT OF OTHER CURRENT ASSETS

JUNE 30, 2023

	JUNE 30, 2023	JUNE 30, 2023
Item Pending settlements Pledged time deposits Deposits-in for foreign currency securities Underwriting share proceeds collected on behalf of customers Amounts held for each customer in the account Others Total	(Expressed in thousands of New Taiwan dollars) Description Amount Remark $ 195,881 400,000 385,219 46 426,518 25,075 $ 1,432,739

~130~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - NON-CURRENT

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Stocks: Unlisted stocks HUA VI VENTURE CAPITAL CORPORATION Bonds: Government bonds Name of financial instrument A11106 Total	Beginningbalance	Beginningbalance	Increased	Increased
	Shares or certificates	Fair value	Shares or certificates -	Amount	Shares or certificates ( 217,392 ) ( (
	260,870	$ 16,604 49,779		$ - 65
		$ 66,383		$ 65

Note: Applying for guarabtee for trust fund.

~131~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Stocks: Unlisted stocks Taiwan Depository & Clearing Corporation Taiwan Futures Exchange Corporation Total	Beginningbalance	Beginningbalance	Increased	Increased	Decreased Shares or certificates Amount - ( $ 10,210 ) - - ( $ 10,210 )	Ending	balance	Collateral	Remark
	Shares or certificates	Fair value	Shares or certificates - -	Amount	Shares or certificates - ( - (	Shares or certificates	Fair value
	1,421,975 957,281	$ 178,785 116,070		$ - 5,084		1,421,975 957,281	$ 168,575 121,154	No No
		$ 294,855		$ 5,084			$ 289,729

~132~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN INVESTMENTS ACCOUNTED FOR UNDER THE EQUITY METHOD FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name President Futures Corp. President Capital Management Corp. President Securities (HK) Ltd. President Wealth Management (HK) Ltd. President Securities (Nominee) Ltd. Uni-President Asset Management Corp. PSC Venture Capital Investment Limited Company President Insurance Agency Corp. Jin Yuan President Securities Co., Ltd. Total	Beginningbalance	Beginningbalance	Increased Shares Amount (Note 1) - $ 179,285 - 1,455 - - - 180 - - - 99,288 - 13,826 - 33,059 - - $ 327,093	Decreased Shares Amount (Note 2) - ( $ 142,313 ) - - - ( 518,473 ) - ( 60,754 ) - ( 1,552 ) - ( 167,751 ) - - - ( 33,496 ) - ( 123,492 ) ($1,047,831 )	Endingbalance Shares Sharehold -ingratio Amount 63,817,303 96.69% $ 2,584,262 30,000,000 100.00% 306,349 192,600,000 100.00% 816,389 23,400,000 100.00% - 1,000,000 100.00% - 14,904,630 42.46% 679,010 30,000,000 100.00% 281,327 1,000,000 100.00% 56,744 - 49.00% 2,640,526 $7,364,607	Endingbalance Shares Sharehold -ingratio Amount 63,817,303 96.69% $ 2,584,262 30,000,000 100.00% 306,349 192,600,000 100.00% 816,389 23,400,000 100.00% - 1,000,000 100.00% - 14,904,630 42.46% 679,010 30,000,000 100.00% 281,327 1,000,000 100.00% 56,744 - 49.00% 2,640,526 $7,364,607	Market value or net equityvalue	Market value or net equityvalue	Collateral	Remark
	Shares 63,817,303 30,000,000 192,600,000 23,400,000 1,000,000 14,904,630 30,000,000 1,000,000 -	Amount	Shares - - - - - - - - -		Shares 63,817,303 30,000,000 192,600,000 23,400,000 1,000,000 14,904,630 30,000,000 1,000,000 -	Sharehold -ingratio 96.69% 100.00% 100.00% 100.00% 100.00% 42.46% 100.00% 100.00% 49.00%	Unit price (dollars) $ 40.49 10.21 4.24 - - 33.52 9.38 56.74 -	Total amount
		$ 2,547,290 304,894 1,334,862 60,574 1,552 747,473 267,501 57,181 2,764,018						$ 2,584,262 306,349 816,389 - - 499,638 281,327 56,744 2,640,526	No No No No No No No No No
		$8,085,345						$7,185,235

Note 1: These are shares of the profit accounted for under the equity method, investments in accounted for under the equity method and other comprehensive gain of subsidiaries, associates, and joint ventures accounted for under the equity method.

Note 2: These are shares of the loss accounted for under the equity method, dividends received and other comprehensive loss of subsidiaries, associates, and joint ventures accounted for under the equity method.

~133~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN PROPERTY, PLANT AND EQUIPMENT FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Land Buildings Equipment Leasehold improvements Total	Beginning balance $ 1,573,570 1,050,881 374,947 22,559 $ 3,021,957	Increased $ - 2,228 41,359 1,339 $ 44,926	Decreased $ - ( 1,390) ( 18,318) ( 8,103) ( $ 27,811)	Ending balance $ 1,573,570 1,051,719 397,988 15,795 $ 3,039,072	Collateral Note 1 Note 2 No No	Remark

Note 1: The amount of land pledged as security for short-term loans and guarantees for issuance of commercial papers is $959,788. Note 2: The amount of buildings pledged as security for short-term loans and guarantees for issuance of commercial papers is $128,581.

~134~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Buildings Equipment Leasehold improvements Total	Beginningbalance ( $ 478,762) ( 115,969) ( 14,116) ( $ 608,847)	Increased ( $ 18,779) ( 45,672) ( 1,637) ( $ 66,088)	Decreased $ 1,390 18,318 8,103 $ 27,811	Endingbalance ( $ 496,151) ( 143,323) ( 7,650) ( $ 647,124)	Remark
					Notes 1 and 2 Notes 1 and 3 Notes 1 and 4

Note 1: Property and equipment are depreciated using the straight-line method to allocate their cost over their estimated useful lives. Note 2: The useful lives of buildings are 5 to 50 years.

Note 3: The useful lives of equipment are 3 to 10 years. Note 4: The useful lives of leasehold improvements are 5 years.

~135~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN RIGHT-OF-USE ASSETS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

Item Buildings Transportation equipment (Business vehicles) Office equipment (Photocopiers) Total	(Expressed in thousands of New Beginning balance Increased $ 261,772 $ 13,460 27,154 1,427 11,273 - $ 300,199$ 14,887	Taiwan dollars) Decreased ( $ 15,209) ( 1,291) - ( $ 16,500)	Ending balance $ 260,023 27,290 11,273 $ 298,586	Remark

~136~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF RIGHT-OF-USE ASSETS FOR THE SIX MONTHS ENDED JUNE 30, 2023

FOR THE SIX MONTHS ENDED JUNE 30, 2023
(Expressed in thousands of New Taiwan dollars) Item Beginning balance Increased Decreased Accumulated depreciation - Buildings ( $ 125,853) ( $ 31,696) $ 15,209 Accumulated depreciation - Transportation equipment (Business vehicles) ( 14,056) ( 2,762) 1,219 Accumulated depreciation - Office equipment (Photocopiers) ( 5,195) ( 1,113) - Total ( $ 145,104) ( $ 35,571) $ 16,428	Endingbalance
	( $ 142,340) ( 15,599) ( 6,308)
	( $ 164,247)

~137~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF LEASE LIABILITIES

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Current lease liabilities Buildings Business vehicles Equipment Subtotal Non-current lease liabilities Buildings Business vehicles Equipment Subtotal Total	Description Office and parking space Business vehicles Office equipment Office and parking space Business vehicles Office equipment	Leaseperiod 2015/01-2028/06 2018/07-2028/04 2018/08-2027/07 2015/01-2028/06 2018/07-2028/04 2019/08-2027/07	Discount rate 0.571%~1.7082% 0.571%~1.7082% 0.571%~0.8920% 0.571%~1.7082% 0.571%~1.7082% 0.571%~0.8920%	Endingbalance $ 55,464 4,823 2,242 62,529 55,447 7,098 2,962 65,507 $ 128,036	Remark

~138~

PRESIDENT SECURITIES CORPORATION STATEMENT OF SHORT-TERM LOANS

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Type of loan Unsecured loans Secured loans Call loan Total	Description	Ending balance $ 9,880,294 60,000 124,560 $ 10,064,854	Contract term Due within one year Due within one year Due within one year	Interest rate 1.65%~5.85% 2.00% 5.36%	Loan Commitment $ 16,296,020 3,500,000 3,643,380 $ 23,439,400	Collateral Time deposits, real estate	Remark

~139~

PRESIDENT SECURITIES CORPORATION STATEMENT OF ACCOUNTS PAYABLE

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of client Non-related parties: Settlement accounts payable - brokered trading Others Settlement proceeds Taiwan Stock Exchange Corporation Taiwan Depository & Clearing Corporation Settlement accounts payable - operating Taiwan Stock Exchange Corporation Others Spot exchange payable, foreign currencies Others Settlement accounts payable - foreign bonds Others Others Total	Description	Amount $ 15,508,325 1,247,940 29,930 1,277,870 2,482,955 324,248 2,807,203 247,874 4,308,669 179,262 $ 24,329,203	Remark

Note: The balance of single client does not exceed 5% of the balance of account is listed as others.

~140~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
A07107 A07107 A07107 A07111 A08101 A08101 A08101 A10109 A12201 B618DA B618DG B618D1 B618D7 B718A4 B903YD B903YE B903YH B903YP B903YS B903YU B903YX G13111 HB0701 P19APICO1 P21QNBF2 P21QNBF2 P21QNBF2 ACGB 2.5 05/21/30 MIZUHO FLOAT07/19/23 ANZ FLOAT 03/31/26	20230627 20230608 20230612 20230613 20230608 20230612 20230613 20230626 20230627 20230608 20230605 20230605 20230608 20230608 20230609 20230609 20230602 20230608 20230609 20230602 20230612 20230626 20230626 20230504 20230515 20230602 20230518 20221207 20230330 20230412	20230706 20230710 20230712 20230713 20230710 20230712 20230713 20230714 20230706 20230706 20230706 20230711 20230706 20230711 20230707 20230707 20230705 20230706 20230710 20230705 20230712 20230714 20230703 20240403 20230815 20230705 20230719 20231107 20230717 20240312	0.95% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 1.20% 0.95% 1.31% 1.24% 1.29% 1.31% 1.24% 1.31% 1.31% 1.23% 1.31% 1.28% 1.23% 1.24% 1.40% 1.38% 5.30% 1.80% 1.90% 2.00% 4.25% 4.19% 4.23%	Central Government Bonds Central Government Bonds Central Government Bonds Central Government Bonds Central Government Bonds Central Government Bonds Central Government Bonds Central Government Bonds Central Government Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Financial Bonds Municipal bonds International Bonds (USD) International Bonds (RMB) International Bonds (RMB) International Bonds (RMB) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD)	$ 49,400 149,500 1,100 100,000 200 224,900 24,900 100,000 50,000 200,000 100,000 50,000 200,000 100,000 200,000 50,000 100,000 100,000 100,000 100,000 200,000 100,000 200,000 155,700 6,423 8,564 4,282 30,930 74,232 20,620	$ 54,862 166,077 1,227 111,111 222 249,889 27,805 100,000 55,556 200,000 100,115 50,027 200,000 100,000 200,000 50,000 100,000 100,000 94,000 100,000 200,000 100,000 200,000 145,508 6,534 8,365 4,315 28,735 64,905 17,997

~141~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
ACGB 2.5 05/21/30 ACGB 3.25 04/21/29 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 3.25 04/21/29 NAB FLOAT 05/12/26 NAB FLOAT 05/12/26 ACGB 3.25 04/21/29 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ACGB 3.25 04/21/29 ACGB 4.5 04/21/33 ACGB 4.5 04/21/33 ANVAU 6.134 05/31/33 ACGB 4.5 04/21/33 WSTP 6.934 06/23/38 ACGB 4.5 04/21/33 HKINTL 3.3 06/07/33 HKINTL 2.95 06/07/28 ABNANV4.375 10/20/28 DBR 2.3 02/15/33 SPGB 3.55 10/31/33 RENAUL4.875 06/14/28 UNIMUS 4 06/13/31 BAC 4.134 06/12/28	20230428 20230428 20230523 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230607 20230614 20230619 20230620 20230619 20230627 20230630 20230609 20230612 20230608 20230615 20230615 20230615 20230615 20230615	20240328 20240328 20240423 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240507 20240514 20240520 20240520 20240520 20240527 20240530 20240509 20240513 20240508 20240515 20240515 20240515 20240515 20240515	4.18% 4.18% 4.25% 4.25% 4.25% 4.25% 4.25% 4.25% 4.15% 4.25% 4.25% 4.15% 4.15% 4.15% 4.15% 4.15% 4.20% 4.15% 4.23% 4.17% 4.33% 4.18% 3.10% 2.50% 3.56% 3.57% 3.57% 3.57% 3.57% 3.57%	Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (RMB) Foreign Bonds (RMB) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR)	$ 309,300 103,100 61,860 247,440 30,930 61,860 61,860 20,620 20,620 41,240 30,930 20,620 30,930 360,850 20,620 61,860 41,240 20,620 20,620 20,620 20,620 20,620 42,820 42,820 16,905 33,810 16,905 33,810 16,905 33,810	$ 287,673 99,983 56,770 224,736 28,092 56,184 56,184 18,728 20,062 38,076 28,557 19,236 27,209 317,440 18,139 57,709 43,075 20,510 17,850 20,471 18,614 20,686 41,624 41,389 16,082 32,091 16,214 32,103 16,049 31,997

~142~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
STLA 4.25 06/16/31 SYDAU 4.375 05/03/33 T 4.3 11/18/34 CAABNK4.375 06/08/26 BAYNGR4.625 05/26/33 MELAIR4.375 05/24/33 BAYNGR4.625 05/26/33 SUMIBK4.492 06/12/30 HSBC 4.856 05/23/33 ABNANV 5.5 09/21/33 DTRGR 3.875 06/19/26 BAYNGR4.625 05/26/33 EDENFP3.625 06/13/31 DTRGR 3.875 06/19/29 SOCGEN4.125 06/02/27 BAC 4.134 06/12/28 INTNED 4.5 05/23/29 IGIM 4.125 06/08/32 DBR 2.3 02/15/33 EDPPL 3.875 06/26/28 DANBNK 4.75 06/21/30 STLA 4.25 06/16/31 INCHLN 6.5 06/09/28 UKT 4.25 06/07/32 UKT 4.125 01/29/27 VLVY 6.125 06/22/28 INDKOR5.125 10/25/24 KSA 4.875 07/18/33 KSA 4.875 07/18/33 KSA 4.75 01/18/28	20230619 20230621 20230621 20230621 20230621 20230621 20230621 20230621 20230622 20230627 20230627 20230627 20230627 20230627 20230628 20230628 20230628 20230628 20230628 20230703 20230703 20230703 20230621 20230627 20230627 20230630 20221216 20230213 20230307 20230309	20240520 20240521 20240521 20240521 20240521 20240521 20240521 20240521 20240522 20240527 20240527 20240527 20240527 20240527 20240528 20240528 20240528 20240528 20240528 20240603 20240603 20240603 20240521 20240527 20240527 20240530 20231116 20240115 20240207 20240209	3.57% 3.60% 3.55% 3.57% 3.55% 3.55% 3.55% 3.57% 3.53% 3.63% 3.63% 3.63% 3.63% 3.63% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.63% 3.63% 5.10% 5.01% 5.03% 5.15% 5.25% 5.25% 5.24% 5.24%	Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD)	$ 54,096 16,905 33,810 33,810 33,810 16,905 43,953 33,810 16,905 33,810 16,905 50,715 20,286 27,048 16,905 25,357 16,905 27,048 37,191 33,810 33,810 20,286 19,690 39,380 19,690 39,380 46,710 63,837 45,153 46,710	$ 50,641 15,554 31,151 32,119 31,677 15,502 41,180 32,248 14,794 30,307 15,184 46,739 18,111 24,221 15,499 23,237 15,518 24,568 34,543 31,225 30,277 17,965 17,313 37,448 18,425 35,407 42,973 58,131 41,934 44,208

~143~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
KOMATS5.499 10/06/27 INDKOR5.125 10/25/24 INDKOR5.125 10/25/24 GASBCM 5.78 08/23/32 INTC 4.875 02/10/26 HPE 5.9 10/01/24 T 4.125 10/31/27 T 2.875 05/15/32 MS 4.754 04/21/26 LOW 5.15 07/01/33 CDEP 5.75 05/05/26 PHILIP 5 07/17/33 CDEP 5.75 05/05/26 SKONKR5.375 05/11/26 POLAND4.875 10/04/33 KOMRMR5.375 05/11/28 T 2.875 05/15/32 PHILIP 5 07/17/33 GASBCM 5.78 08/23/32 GASBCM 5.78 08/23/32 KOROIL 4.75 04/03/26 KHFC 4.625 02/24/28 EDF 5.7 05/23/28 KSA 4.274 05/22/29 HYNMTR 5.6 03/30/28 T 5.4 02/15/34 EDF 5.7 05/23/28 BACR 5.829 05/09/27 KNBZMK4.687 06/01/28 EDF 5.7 05/23/28	20230323 20230323 20230324 20230324 20230324 20230327 20230331 20230411 20230425 20230505 20230509 20230512 20230515 20230515 20230517 20230518 20230517 20230523 20230525 20230530 20230606 20230606 20230606 20230606 20230606 20230608 20230608 20230608 20230609 20230609	20240223 20240223 20240226 20240226 20240226 20240227 20240229 20240311 20240325 20240405 20240409 20240412 20240415 20240415 20240417 20240418 20240417 20240423 20240425 20240430 20240506 20240506 20240506 20240506 20240506 20240508 20240508 20240508 20240509 20240509	5.25% 5.25% 5.25% 5.25% 5.25% 5.24% 5.20% 5.25% 5.29% 5.30% 5.25% 5.25% 5.27% 5.25% 5.30% 5.25% 5.20% 5.20% 5.30% 5.29% 5.27% 5.27% 5.27% 5.27% 5.27% 5.32% 5.32% 5.32% 5.27% 5.30%	Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD)	$ 31,140 31,140 15,570 31,140 15,570 31,140 311,400 622,800 31,140 15,570 31,140 24,912 31,140 101,205 31,140 31,140 622,800 28,026 21,798 9,342 31,140 31,140 21,798 40,482 31,140 31,140 24,912 15,570 15,570 24,912	$ 31,396 30,397 15,208 30,253 15,933 31,696 318,305 604,988 29,694 13,736 28,334 24,216 28,975 97,600 29,376 29,953 579,905 26,619 21,371 8,615 27,889 28,172 19,756 35,742 28,292 28,983 23,316 14,435 13,957 22,564

~144~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
POHANG5.625 01/17/26 BNS 5.25 06/12/28 HPE 5.9 10/01/24 KOMRMR5.375 05/11/28 FABUH 4.774 06/06/28 NAB 5.2 05/13/25 EDF 5.7 05/23/28 NAB 4.9 06/13/28 BNP 5.335 06/12/29 MUFG 5.719 02/20/26 MQGAU FLOAT 06/15/26 MQGAU 5.208 06/15/26 BGOSK 5.375 05/22/33 NAB FLOAT 05/13/25 KSA 4.274 05/22/29 FABUH 4.774 06/06/28 NAB 5.2 05/13/25 MQGAU 5.208 06/15/26 MUFG 5.541 04/17/26 HPE 5.25 07/01/28 ASBBNK5.346 06/15/26 BOCAVI4.875 05/03/33 CVS 5 01/30/29 CVS 5.3 06/01/33 MVMHU 7.5 06/09/28 BOCAVI 4.5 05/23/28 MQGAU 5.208 06/15/26 AMGN 5.15 03/02/28 EDF 6.25 05/23/33 CMPCCI6.125 06/23/33	20230609 20230614 20230614 20230614 20230614 20230615 20230615 20230615 20230615 20230621 20230621 20230621 20230621 20230621 20230621 20230621 20230621 20230621 20230621 20230622 20230622 20230622 20230622 20230622 20230622 20230622 20230627 20230627 20230627 20230627	20240509 20240514 20240514 20240514 20240514 20240515 20240515 20240515 20240515 20240521 20240521 20240521 20240521 20240521 20240521 20240521 20240521 20240521 20240521 20240522 20240522 20240522 20240522 20240522 20240522 20240522 20240527 20240527 20240527 20240527	5.30% 5.30% 5.30% 5.27% 5.32% 5.30% 5.30% 5.30% 5.30% 5.32% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30%	Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD)	$ 31,140 15,570 31,140 40,482 40,482 80,964 21,798 62,280 31,140 15,570 15,570 77,850 37,368 15,570 37,368 31,140 43,596 62,280 28,026 15,570 31,140 37,368 15,570 31,140 31,140 31,140 31,140 15,570 28,026 31,140	$ 28,729 14,252 29,089 36,434 39,150 77,626 20,815 58,830 28,709 15,344 14,393 71,263 34,275 14,376 33,531 28,567 40,052 57,010 25,858 14,436 28,568 37,116 14,293 28,710 28,646 29,999 27,934 14,236 25,811 28,242

~145~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
GM 5.8 06/23/28 HYNMTR 5.7 06/26/30 HYNMTR 5.8 06/26/25 HYNMTR 5.65 06/26/26 GM 5.8 06/23/28 MQGAU 5.887 06/15/34 NAB 5.2 05/13/25 DE 4.7 06/10/30 BACR 7.119 06/27/34 HATELE4.875 06/28/28 NDAQ 5.65 06/26/25 HYNMTR 5.8 06/26/25 HYNMTR 5.68 06/26/28 HYNMTR 5.7 06/26/30 HYNMTR 5.5 03/30/26 PIFKSA 4.75 02/14/30 NDAQ 5.35 06/26/28 T 4 06/30/28 HYNMTR 5.8 04/01/30 PFE 4.75 05/19/33 T 3.625 05/31/28 T 3.625 05/15/53 T 4 06/30/28 T 3.375 05/15/33 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24	20230627 20230628 20230628 20230628 20230628 20230628 20230630 20230629 20230629 20230630 20230630 20230630 20230630 20230630 20230630 20230630 20230630 20230630 20230703 20230703 20230703 20230703 20230703 20230703 20230421 20230509 20230509 20230517 20230606 20230608	20240527 20240528 20240528 20240528 20240528 20240528 20240530 20240529 20240529 20240530 20240530 20240530 20240530 20240530 20240530 20240530 20240530 20240530 20240603 20240603 20230705 20230705 20230705 20230705 20230721 20230707 20230707 20230714 20230705 20230908	5.30% 5.33% 5.33% 5.33% 5.33% 5.33% 5.30% 5.30% 5.25% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.30% 5.25% 5.33% 5.30% 5.17% 5.22% 5.23% 5.17% 4.95% 5.00% 5.00% 5.10% 5.10% 5.25%	Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD)	$ 62,280 62,280 62,280 62,280 31,140 31,140 15,570 15,570 15,570 52,938 15,570 38,925 46,710 31,140 15,570 15,570 31,140 140,130 23,355 21,798 15,570 21,798 108,990 216,423 3,425 6,228 7,785 3,114 5,917 3,114	$ 56,002 57,085 57,367 57,124 28,627 28,363 14,324 14,285 14,023 47,311 14,055 35,033 41,871 27,970 14,139 14,069 28,166 133,196 22,049 19,661 15,106 20,609 107,145 206,760 3,494 6,526 7,996 3,199 5,952 3,114

~146~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date(Note)	MaturityDate	Interest rate	Type	Par value
CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24 CHGRID4.125 2005/7/24	20230620 20230620 20230620 20230628 20230629	20230720 20230720 20230720 20230705 20230706	5.50% 5.25% 5.25% 4.90% 4.90%	Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD)	$ 168,156 6,228 3,737 3,114 3,737	$ 158,630 6,384 3,595 3,185 3,769
					$ 10,355,773	$ 9,915,036

Note: It’s settlement date.

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PRESIDENT SECURITIES CORPORATION STATEMENT OF BROKERAGE HANDLING FEE REVENUE

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Revenues from brokered trading

Month 1 2 3 4 5 6 Total	Brokerage business of securities at the TWSE markets $ 69,255 123,635 161,587 119,433 164,199 192,220 $ 830,329	Brokerage business of securities at the OTC markets $ 23,855 48,671 66,006 48,892 58,401 61,503 $ 307,328	Commission revenue from short sales $ 381 564 930 941 1,138 943 $ 4,897	Other commission revenue $ 5,710 8,445 15,053 8,427 8,609 15,725 $ 61,969	Total $ 99,201 181,315 243,576 177,693 232,347 270,391 $ 1,204,523	Remark

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PRESIDENT SECURITIES CORPORATION STATEMENT OF REVENUES FROM UNDERWRITING BUSINESS FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Month 1 2 3 4 5 6 Total	Revenues from underwriting securities on a firm commitment basis	Revenue from underwriting processingfees $ 1,578 1,763 1,181 356 565 4,957 $ 10,400	Revenue from underwriting advisoryfees	Other revenue $ 1,440 145 1,030 6,085 1,635 3,744 $ 14,079	Total $ 8,589 3,108 2,775 7,041 7,015 21,079 $ 49,607	Remark
	$ 5,091 700 14 - 4,235 11,798		$ 480 500 550 600 580 580
	$ 21,838		$ 3,290

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PRESIDENT SECURITIES CORPORATION

STATEMENT OF NET GAIN (LOSS) ON SALE OF TRADING SECURITIES FOR THE SIX MONTHS ENDED JUNE 30, 2023

	FOR THE SIX MONTHS ENDED JUNE 30, 2023
Item Dealers: Trading at TAIEX -Stocks -Others Subtotal Trading at OTC -Stocks -Bonds -Others Subtotal Trading at foreign market Total Underwriters: Trading at TAIEX -Stocks Subtotal Trading at OTC -Stocks -Bonds Subtotal Total Hedging: Trading at TAIEX -Stocks -Others Subtotal Trading at OTC -Bonds -Warrants -Others Subtotal Trading at foreign market Total Total	(Expressed in thousands of New Taiwan dollars) Revenue from sale of trading securities Cost from sale of trading securities Gain (loss) on sale of trading securities $ 34,143,407 ( $ 33,747,935 ) $ 395,472 9,918,792 ( 9,782,856 ) 135,936 44,062,199 ( 43,530,791 ) 531,408 8,902,763 ( 8,708,042 ) 194,721 21,855,502 ( 21,819,097 ) 36,405 20,470,725 ( 20,458,304 ) 12,421 51,228,990 ( 50,985,443 ) 243,547 91,750,074 ( 91,727,122 ) 22,952 187,041,263 ( 186,243,356 ) 797,907 14,788 ( 9,902 ) 4,886 14,788 ( 9,902 ) 4,886 12,953 ( 6,860 ) 6,093 394,668 ( 304,905 ) 89,763 407,621 ( 311,765 ) 95,856 422,409 ( 321,667 ) 100,742 28,229,618 ( 28,181,671 ) 47,947 213,922 ( 208,207 ) 5,715 28,443,540 ( 28,389,878 ) 53,662 3,512,119 ( 3,568,072 ) ( 55,953 ) 10,645,416 ( 10,605,424 ) 39,992 623,875 ( 609,397 ) 14,478 14,781,410 ( 14,782,893 ) ( 1,483 ) 66,520 ( 66,645 ) ( 125 ) 43,291,470 ( 43,239,416 ) 52,054 $ 230,755,142 ( $ 229,804,439 ) $ 950,703	Remark

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PRESIDENT SECURITIES CORPORATION STATEMENT OF INTEREST REVENUE

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Interest income from margin loans Interest income from bonds Others interest income Total	Description	Amount $ 308,540 233,540 53,794 $ 595,874	Remark

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PRESIDENT SECURITIES CORPORATION STATEMENT OF FINANCIAL COSTS FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Interest expense from repurchase agreements Loans interest expense Other interest expense Total	Description	Amount $ 183,296 148,342 27,409 $ 359,047	Remark

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PRESIDENT SECURITIES CORPORATION

STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION, AMORTIZATION, AND OTHER OPERATING EXPENSES

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Employee benefits expense Salaries Labor and health insurance Pension Director’ remuneration Other employee benefits Depreciation expenses Amortization expenses Other operating expenses	Six months ended June 30,2023 $ 1,147,729 72,798 34,180 57,050 53,330 102,709 30,883 811,965	Six months ended June 30,2022 $ 856,553 64,105 38,699 1,047 63,831 85,404 20,247 823,857	Remark

Note ：

In 2023 and 2022, the Company had 1,451 and 1,452 employees, respectively, in which directors not concurrently serving as employees were both 19.

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PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

FINANCIAL STATEMENTS AND INDEPENDENT

AUDITOR’S REPORT

JUNE 30, 2023 AND 2022

---

For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

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PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

BALANCE SHEETS

JUNE 30, 2023, DECEMBER 31, 2022 AND JUNE 30, 2022

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	June 30,2023 AMOUNT % $ 1,224,149 19 5,315,536 81 757 - 6,540,442 100 4,564 - 9,283 - 13,360 - 27,207 - $ 6,567,649 100 $ 1,634 - 67 - 32,496 - 34,197 - 4,242,597 65 4,242,597 65 4,276,794 65 1,300,000 20 65,591 1 925,264 14 2,290,855 35 $ 6,567,649 100	December31,2022 AMOUNT % $ 1,138,311 20 4,583,867 80 564 - 5,722,742 100 4,146 - 9,643 - 13,360 - 27,149 - $ 5,749,891 100 $ 2,734 - 32 - 36,570 1 39,336 1 3,426,106 59 3,426,106 59 3,465,442 60 1,300,000 23 65,591 1 918,858 16 2,284,449 40 $ 5,749,891 100	June 30,2022	June 30,2022
		AMOUNT $ 1,224,149 5,315,536 757 6,540,442 4,564 9,283 13,360 27,207 $ 6,567,649 $ 1,634 67 32,496 34,197 4,242,597 4,242,597 4,276,794 1,300,000 65,591 925,264 2,290,855 $ 6,567,649	AMOUNT $ 1,138,311 4,583,867 564 5,722,742 4,146 9,643 13,360 27,149 $ 5,749,891 $ 2,734 32 36,570 39,336 3,426,106 3,426,106 3,465,442 1,300,000 65,591 918,858 2,284,449 $ 5,749,891	AMOUNT $ 1,106,236 4,650,305 463 5,757,004 4,832 4,318 13,360 22,510 $ 5,779,514 $ 17,771 124 13,702 31,597 3,505,782 3,505,782 3,537,379 1,300,000 65,591 876,544 2,242,135 $ 5,779,514	%
110000 Current assets 111100 Cash and cash equivalents 112000 Financial assets at fair value through profit or loss - current 114170 Other receivables 110000 Total 120000 Non-current assets 125000 Property and equipment, net 127000 Intangible assets 129000 Other assets - non-current 120000 Total 906001 Total Assets Liabilities and Equity	6(1) 6(2), 7 and 12 8 12 6(3) 6(4)				19 81 -
					100
					- - -
					-
					100
					- - -
210000 Current liabilities 212000 Financial liabilities at fair value through profit or loss - current 214130 Accounts payable 214170 Other payables 210000 Total 220000 Non-current liabilities 229110 Inter-department accounts, credit 220000 Total 906003 Total Liabilities Assigned working capital 301110 Assigned working capital 304000 Retained earnings 304020 Special reserve 304040 Unappropriated earnings 906004 Total Stockholders' Equity 906002 Total liabilities and equity
					-
					61
					61
					61
					23 1 15
					39
					100

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

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PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENTS OF COMPREHENSIVE INCOME

SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Items

Six months ended June 30 2023 2022 Notes AMOUNT % AMOUNT % 12 $ 62,887 100 $ 28,988 100 62,887 100 28,988 100 ( 3,449 ) ( 6) ( 7,230) ( 25 ) 7 882 1 ( 720) ( 3 ) ( 41,583 ) ( 66) ( 21,881) ( 75 ) ( 3,166 ) ( 5) ( 2,175) ( 8 ) ( 27,836 ) ( 44) ( 29,044) ( 100 ) ( 75,152 ) ( 120) ( 61,050) ( 211 ) ( 12,265 ) ( 20) ( 32,062) ( 111 ) 18,672 30 23,731 82 6,407 10 ( 8,331) ( 29 ) $ 6,407 10 ($ 8,331) ( 29 ) $ 6,407 10 ($ 8,331) ( 29 )

400000 Revenues 424400 Net gain (loss) from derivatives Total revenues 500000 Expenditures and expenses 502000 Proprietary handling fee expense 524300 Expense of clearing and settlement 531000 Employee benefits expense 532000 Depreciation and amortization 533000 Other operating expenses Total expenditures and expenses Operating loss 602000 Other gains and losses 902001Profit (loss) from continuing operations before tax 902005Net income (loss) 902006Total current comprehensive income (loss)

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

~156~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

NOTES TO THE FINANCIAL STATEMENTS

SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

1. HISTORY AND ORGANIZATION

The Segment started to operate future contract dealing business in June 2003.

1. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORISATION

These parent company only financial statements were authorized for issuance by the Board of Directors on August 24, 2023.

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS”) that came into effect as endorsed by the Financial Supervisory Commission (“FSC”)

New standards, interpretations and amendments that came into effect as endorsed by FSC and became effective from 2023 are as follows:

ecame effective from 2023 are as follows:
New Standards, Interpretations and Amendments	Effective Date by International Accounting Standards Board
Amendments to IAS 1,‘Disclosure of accounting policies’ Amendments to IAS 8,‘Denfinition of accounting estimates’ Amendments to IAS 12,‘Deferred tax related to assets and liabilities arising from a single transaction’	January 1, 2023 January 1, 2023 January 1, 2023

The above standards and interpretations have no significant impact to the Segment’s financial condition and financial performance based on the Company’s assessment.

(2) Effect of new issuances of or amendments to IFRSs that came into effect as endorsed by the FSC but not yet adopted by the Segment

None.

(3) IFRSs issued by IASB but not yet endorsed by the FSC

New standards, interpretations and amendments issued by IASB but not yet included in the IFRSs endorsed by the FSC are as follows:

endorsed by the FSC are as follows:
New Standards,Interpretations and Amendments	Effective Date by International Accounting Standards Board
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’	To be determined by International Accounting

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==> picture [466 x 49] intentionally omitted <==

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Effective Date by
International Accounting
New Standards, Interpretations and Amendments Standards Board
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New Standards,Interpretations and Amendments	Standards Board
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’	January 1, 2024
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, 'Insurance contracts'	January 1, 2023
Amendment to IFRS 17, 'Initial application of IFRS 17 and IFRS 9 - comparative information'	January 1, 2023
Amendments to IAS 1, ‘Classification of liabilities as current or non- current’	January 1, 2024
Amendments to IAS 1, ‘Non-current liabilities with covenants’	January 1, 2024
Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024
Amendments to IAS 12, ‘International tax reform - pillar two model rules’	May 23, 2023

The above standards and interpretations have no significant impact to the Segment’s financial condition and financial performance based on the Company’s assessment.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of the Segment’s financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

The financial statements of the Segment has been prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants.

• (2) Basis of preparation

• A. Except for the following items, these financial statements have been prepared under the historical cost convention:

  • (A) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.

  • (B) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligations.

• B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretation that came into effect as endorsed by the FSC (collectively referred herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 5.

(3) Classification of current and non-current items

• A. Assets that meet one of the following criteria are classified as current assets:

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• (A) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle;

• (B) Assets held mainly for trading purposes;

• (C) Assets that are expected to be realized within twelve months from the balance sheet date;

• (D) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to pay off liabilities more than twelve months after the balance sheet date.

The Segment classifies assets that do not meet the above criteria as non-current assets.

• B. Liabilities that meet one of the following criteria are classified as current liabilities:

• (A) Liabilities that are expected to be paid off within the normal operating cycle;

• (B) Liabilities arising mainly from trading activities;

• (C) Liabilities that are to be paid off within twelve months from the balance sheet date;

• (D) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

The Segment classifies liabilities that do not meet the above criteria as non-current liabilities.

• (4) Translation of foreign currency transactions

• A. Foreign currency translation and presentation

  • Items included in the financial statements of the Segment are measured using the currency of the primary economic environment in which the Segment operates (the “functional currency”). Functional currency and bookkeeping currency of the Segment is New Taiwan Dollars.

• B. Foreign currency transactions and balances

  • Foreign currency transactions denominated in a foreign currency or required to settle in a foreign currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions.

  • Assets and liabilities denominated in foreign currency are translated by the closing exchange rate at balance sheet date. The closing exchange rate is determined by the market exchange rate. Nonmonetary assets and liabilities denominated in foreign currencies which are carried at historical cost are re-translated at the exchange rates prevailing at the original transaction date. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet

(5) Cash and cash equivalents

• A. Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other shortterm highly liquid investments.

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• B. Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

• (6) Financial assets at fair value through profit or loss

• A. Financial assets at fair value through profit or loss are financial assets that are not measured at amortized cost or fair value through other comprehensive income.

• B. On a regular way purchase or sale basis, financial assets at fair value through profit or loss are recognized and derecognized using trade date accounting.

• C. At initial recognition, the Segment measures the financial assets at fair value and recognizes the transaction costs in profit or loss. The Segment subsequently measures the financial assets at fair value and recognizes the gain or loss in profit or loss.

• D. The Segment recognizes the dividend income when the right to receive payment is established, future economic benefits associated with the dividend will flow to the Segment and the amount of the dividend can be measured reliably.

• (7) Financial liabilities at fair value through profit or loss

• A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges.

• B. At initial recognition, the Segment measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Segment subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss.

• (8) Income tax

• A. Current income tax

  • Income tax payable (refundable) is calculated on the basis of the tax laws enacted in the countries where a company operates and generates taxable income. Except for the transactions or other matters directly recognized in other comprehensive income or equity, in which cases the related income taxes in the period are recognized in other comprehensive income or directly derecognized from equity, all the others should be recognized as income or expense for the period.

• B. Deferred income tax

  • Deferred income tax assets and liabilities are measured based on the tax rate of the anticipated period that the future assets realization or the liabilities settlement requires, which is based on the effective or existing tax rate at the balance sheet date. The carrying amounts and temporary differences of assets and liabilities included in the balance sheet are calculated using the liability method and recognized as deferred income tax. However, the deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor

~160~

taxable profit (loss). Deferred income tax assets are recognized only to the extent that it is probable that taxable profit will be available against which the deductible temporary differences can be utilized. If the future taxable income is probable to provide unused loss carryforwards or deferred income tax credit which can be realized in the future, the proportion of realization is deemed as deferred income tax asset.

• C. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Segment operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions for income tax liabilities where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.

• D. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously.

• E. The interim period income tax expense is recognized based on the estimated average annual effective income tax rate expected for the full financial year applied to the pretax income of the interim period, and the related information is disclosed accordingly.

• F. If a change in tax rate is enacted or substantively enacted in an interim period, the Segment recognizes the effect of the change immediately in the interim period in which the change occurs. The effect of the change on items recognized outside profit or loss is recognized in other comprehensive income or equity while the effect of the change on items recognized in profit or loss is recognized in profit or loss.

• Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty

• The preparation of these Segment financial statements requires management to make critical judgements in applying the Segment’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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6. Details of Significant Accounts

(1) Cash and cash equivalents

tails of Significant Accounts Cash and cash equivalents
Financial assets at fair value through profit or loss-current June30,2023 December31,2022 Current deposits 46,669 $ 76,746 $ Time deposits 1,177,480 1,061,565 1,224,149 $ 1,138,311 $ June 30,2023 December 31,2022 Investment securities 27 $ 27 $ Valuation adjustment 27) ( 27) ( Subtotal - - Futures guarantee deposits receivable 5,314,954 4,574,974 Options bought 582 8,893 5,315,536 $ 4,583,867 $		June30,2023		December31,2022		June30,2022
						69,536 $ 1,036,700 1,106,236 $ June 30,2022
					27 $ 27) ( - 4,613,928 36,377 4,650,305 $

(2) Financial assets at fair value through profit or loss-current

Futures guarantee deposits receivable is guarantee deposit for future contract of the Segment.

(3) Inter-department account

It’s money transfer among other segments.

(4) Operating capital

As of June 30, 2023, the operating capital of the Segment is $1,300,000.

7. Related Party Transactions

(1) Names of related parties and relationship

Names of related parties Relationship with the Company President Futures Corp. Subsidiary of the Company PSC

(2) Significant related party transactions

A. Futures guarantee deposits receivable

Settlement fund Clearing charges Subsidiary of the Company PSC: President Futures Corp. Subsidiary of the Company PSC: President Futures Corp. Subsidiary of the Company PSC: President Futures Corp.		June 30,2023	June 30,2023	December 31,2022	December 31,2022		June 30,2022
		5,168,683 $ June 30,2023		4,438,786 $ December 31,2022			4,458,894 $ June 30,2022
			882) ($

B. Settlement fund

• C. Clearing charges

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8. Pledged Assets

Assets June 30, 2023 December 31, 2022 June 30, 2022 Purposes Pledged time deposits (stated as other non-current asset) - Operating guarantee deposits $ 10,000 $ 10,000 $ 10,000 Security deposits

9. SIGNIFICANT COMMITMENTS

None.

1. SIGNIFICANT LOSS FROM NATURAL DISASTER None.

11. SIGNIFICANT SUBSEQUENT EVENT

None.

(Blank below)

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12. DERIVATIVE INSTRUMENT TRANSACTION

(1) Derivative instrument

A. Nominal principal or contract size and credit risk:

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Futures contract	FICCF FICDF FICHF FICSF FICUF FICXF FICYF FICZF FIDAF FIDBF FIDHF FIDKF FIDLF FIDQF FIDSF FIDXF FIEMF FIFQF FIFTF FIFVF FIFY1 FIFZF FIGHF FIGRF FIHCF FIHSF FIIIF FIIPF FIIRF FIJZF FIKFF FIKGF FIKSF FILQF FIMTX FINDF FINJF FINVF FIOZF FIPTF FIPUF FIQJF FIQKF FIQSF	Long Long Long Long Long Long Long Short Short Long Long Long Long Long Long Long Long Long Long Long Long Long Long Short Long Long Long Long Long Long Long Long Long Long Short Long Long Long Long Long Long Short Short Long	6 19 16 8 15 8 4 669 177 12 2 4 135 21 13 25 3 1 5 5 2 9 9 1 6 8 4 2 2 6 3 8 3 9 317 3 6 3 2 3 8 7 4 11	586 $ 22,273 603 652 409 874 583 200,094 22,340 638 461 1,192 34,135 651 845 4,477 318 206 451 318 176 517 4,294 116 688 651 663 833 701 310 265 1,538 1,779 777 265,906 551 693 1,320 494 1,733 561 282 302 290	583 $ 21,926 597 661 423 874 565 127,702 22,479 631 454 1,232 31,590 643 819 4,580 322 210 445 318 179 496 4,419 114 686 643 658 846 708 323 279 1,533 1,818 783 265,904 536 698 1,353 444 1,791 553 277 298 291	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~164~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIQWF FIQXF FIRAF FIRBF FIRCF FIRKF RTF FITE FITF FITX FIXI FIZE FICZF FIDAF FIGD FIGD FIPBF FIQEF FIQGF FIQHF FIQJF FIQMF FIQNF FIQRF FIQSF FIRFF FITG FICCF FICDF FICHF FICSF FICYF FICZF FIDAF FIDBF FIDBF FIDDF FIDFF FIDHF FIDQF FIDSF FIDVF FIDXF FIEHF FIEMF FIFFF FIFGF FIFNF FIFNF	Long Short Long Long Long Long Long Long Long Short Long Long Short Short Long Short Short Short Short Short Short Short Long Short Long Long Long Short Short Short Long Short Short Short Long Short Short Short Short Short Short Short Short Short Short Short Short Short Short	4 11 8 3 4 4 9 99 36 42 93 72 1,149 220 10 10 2 5 5 2 10 5 4 3 11 7 1 641 424 131 52 124 974 162 201 231 65 3 1,380 312 41 193 1,135 8 162 31 14 82 6	640 $ 1,298 4,045 632 488 1,136 1,301 322,328 58,505 140,577 144,588 29,260 357,167 27,774 194 195 101 252 195 92 399 124 171 95 296 616 723 66,458 490,324 5,104 4,745 18,359 290,875 20,021 10,792 12,205 1,175 231 315,060 9,762 2,698 283,036 183,195 850 18,293 15,386 17,970 13,477 1,010	647 $ 1,309 4,336 639 485 1,180 1,304 321,041 58,200 140,691 143,315 29,196 219,229 27,940 194 192 100 247 194 86 396 119 165 94 291 603 724 62,305 489,680 4,886 4,295 17,515 185,956 20,574 10,553 12,151 1,165 229 313,260 9,547 2,584 266,840 207,945 848 17,399 14,753 18,592 13,579 1,002	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge

~165~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIFQF FIFRF FIFVF FIFWF FIFY1 FIFZF FIGHF FIGIF FIGJF FIGOF FIGUF FIGXF FIGYF FIHBF FIHCF FIHSF FIIIF FIIOF FIIPF FIIRF FIITF FIIXF FIIZF FIJBF FIJFF FIJMF FIJNF FIKBF FIKDF FIKFF FIKFF FIKPF FILEF FILIF FILQF FILUF FILXF FILYF FILYF FIMJF FINAF FINDF FINEF FINIF FINJF FINMF FINOF FINVF FINWF	Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Long Long Short Short Short Short Short Short Long Short Short Short Short Short Long Short Short Short Long Short	44 14 74 39 17 396 113 19 9 3 6 18 5 28 9 1,992 6 75 63 205 20 9 5 28 3 1 108 6 3 133 135 5 5 4 78 1 17 1 16 12 141 77 72 3 289 11 118 24 37	8,939 $ 10,067 4,540 1,653 1,493 22,671 57,085 6,664 7,020 1,318 1,450 6,818 687 5,443 1,052 158,057 1,005 66,694 25,093 74,041 3,825 2,076 395 93,340 5,340 1,230 9,490 852 1,119 12,164 12,725 358 3,980 735 6,742 232 16,898 550 9,055 6,142 48,464 14,009 8,886 317 33,822 1,580 37,589 10,467 30,801	9,240 $ 9,660 4,708 1,712 1,518 21,820 55,483 6,775 6,984 1,320 1,404 6,372 692 5,366 1,030 160,115 988 64,572 26,649 72,570 3,768 2,115 410 90,440 5,172 1,292 9,623 832 1,107 12,351 13,149 362 3,960 743 6,786 211 16,763 529 8,464 5,988 46,661 13,774 8,704 331 33,606 1,610 38,350 10,824 30,599	Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge

~166~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIODF FIOHF FIOLF FIOPF FIOQF FIORF FIOVF FIOWF FIOYF FIOZF FIPBF FIPEF FIPEF FIPJF FIPLF FIPMF FIPNF FIPQF FIPRF FIPTF FIPUF FIPVF FIPWF FIPXF FIPYF FIQAF FIQBF FIQCF FIQDF FIQEF FIQFF FIQGF FIQHF FIQIF FIQJF FIQLF FIQMF FIQNF FIQQF FIQSF FIQWF FIQXF FIRAF FIRBF FIRCF FIREF FIRFF FIRGF FIRGF	Short Short Short Short Short Short Short Short Long Short Short Long Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Short Long Long Short Short Short Short Short Short Long Short	7 12 188 8 5 19 97 34 1 75 39 1 21 55 21 14 43 22 5 18 352 2 137 1 137 7 11 27 51 83 161 35 159 26 36 10 90 110 155 2 8 21 81 2 399 36 57 1 4	2,336 $ 4,100 40,467 5,670 2,934 2,746 14,433 34,249 55 18,729 1,985 191 4,270 26,451 1,974 4,974 5,021 2,766 882 10,523 25,048 4,770 16,621 1,226 8,286 1,990 1,176 2,640 16,854 4,153 9,207 1,371 6,845 453 1,436 2,536 2,250 4,616 25,418 53 1,251 2,451 39,802 430 51,065 9,291 5,028 62 249	2,310 $ 4,008 40,293 5,600 2,745 2,747 14,702 34,068 59 16,700 1,954 194 4,074 27,115 1,997 4,998 4,580 2,727 906 10,743 24,335 5,680 19,457 1,246 8,537 1,999 1,151 2,565 17,186 4,092 9,293 1,358 6,844 430 1,426 2,580 2,139 4,549 24,025 53 1,288 2,499 43,899 426 48,356 9,292 4,915 65 258	Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge

~167~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIRJF FIRKF FIRLF FIRNF FIRNF FIROF FIRQF FIRSF FITX FICAF FICBF FICCF FICCF FICDF FICEF FICFF FICGF FICHF FICJF FICKF FICLF FICMF FICNF FICQF FICRF FICSF FICUF FICUF FICWF FICXF FICYF FICZF FICZF FIDAF FIDAF FIDBF FIDCF FIDDF FIDEF FIDFF FIDGF FIDHF FIDHF FIDIF FIDIF FIDJF FIDKF FIDLF FIDNF	Short Short Short Short Short Short Short Short Short Short Long Long Short Short Long Short Short Long Short Long Short Long Long Long Long Long Long Short Short Short Short Long Short Long Short Short Long Short Long Long Short Long Short Long Short Short Long Short Short	115 101 42 17 23 34 12 9 150 9 600 257 80 766 14 16 6 341 16 317 44 17 69 9 9 206 30 529 15 2,423 29 79 4,725 64 3,180 147 60 154 29 54 37 14 81 20 55 12 62 4 43	8,808 $ 28,419 3,014 7,243 10,788 7,529 816 2,035 503,255 1,410 35,820 26,183 7,905 881,981 1,721 2,887 349 13,396 715 28,430 3,277 645 3,479 1,364 589 18,311 917 15,109 1,393 233,383 4,287 14,931 1,385,763 8,091 395,440 8,089 2,246 2,799 1,006 4,154 5,025 3,224 18,830 1,295 3,783 7,626 18,716 1,004 2,251	8,944 $ 29,795 3,016 7,379 11,357 7,714 826 1,994 503,610 1,309 35,463 25,056 7,776 884,044 1,712 2,762 351 12,719 710 27,565 3,375 644 3,450 1,375 603 17,016 849 14,918 1,386 264,597 4,095 15,089 902,195 8,128 403,860 7,732 2,244 2,760 1,006 4,125 4,988 3,178 18,387 1,310 3,603 7,548 19,096 936 2,245	Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~168~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIDOF FIDPF FIDQF FIDSF FIDVF FIDWF FIDXF FIDYF FIDZF FIEEF FIEGF FIEKF FIEMF FIEPF FIEYF FIFBF FIFCF FIFEF FIFFF FIFGF FIFKF FIFNF FIFQF FIFRF FIFRF FIFTF FIFVF FIFWF FIFY1 FIFZF FIGAF FIGCF FIGHF FIGIF FIGJF FIGLF FIGMF FIGNF FIGOF FIGRF FIGUF FIGWF FIGXF FIGYF FIGZF FIHAF FIHBF FIHCF FIHHF	Short Short Short Short Short Short Short Short Short Long Short Short Short Short Long Long Short Long Short Short Short Long Short Long Short Short Long Short Long Long Long Short Short Long Long Short Long Long Short Short Short Short Short Short Long Short Short Short Long	3 6 310 33 469 26 3,219 1 6 26 8 39 265 8 140 10 52 293 13 9 7 98 141 14 257 19 14 18 21 45 8 6 58 4 50 30 5 40 13 7 8 28 2 10 2 4 14 67 8	148 $ 333 9,859 2,214 698,866 3,112 524,113 89 641 1,004 158 1,301 30,028 16,442 2,324 1,169 2,600 27,406 6,309 10,195 573 15,767 29,842 9,844 183,319 1,666 871 753 1,882 2,451 953 682 26,417 1,398 38,824 2,526 496 2,405 5,723 792 2,008 5,928 730 1,369 84 121 2,696 7,866 179	139 $ 332 9,486 2,079 648,158 3,151 589,721 89 642 1,014 157 1,283 28,461 16,490 2,302 1,184 2,558 27,800 6,188 11,952 564 16,229 29,604 9,660 177,330 1,691 890 792 1,877 2,480 931 671 28,478 1,428 38,798 2,544 518 2,288 5,720 799 1,872 5,656 708 1,384 85 118 2,682 7,669 179	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~169~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIHIF FIHLF FIHQF FIHSF FIIAF FIIHF FIIIF FIIJF FIIMF FIIOF FIIPF FIIQF FIIRF FIITF FIIXF FIIZF FIJBF FIJFF FIJMF FIJNF FIJPF FIJSF FIJWF FIJZF FIKAF FIKAF FIKBF FIKCF FIKDF FIKEF FIKFF FIKFF FIKGF FIKIF FIKKF FIKLF FIKOF FIKPF FIKSF FIKSF FIKUF FIKWF FILBF FILCF FILEF FILIF FILMF FILOF FILQF	Long Long Long Short Long Short Short Short Short Short Long Long Short Long Short Short Short Short Short Long Long Long Short Short Long Short Short Long Long Long Long Short Short Short Long Short Short Long Long Short Long Short Short Short Long Short Short Short Long	3 9 94 1,598 36 18 9 8 5 75 35 2 101 20 2 7 17 8 9 13 21 11 9 13 19 1 16 25 3 10 88 48 256 3 24 3 11 39 2 2 87 17 93 6 6 3 7 35 202	180 $ 762 3,965 129,819 1,021 823 1,557 34,960 691 68,706 14,251 270 37,151 3,812 466 550 54,489 14,030 11,605 1,112 2,294 1,665 1,468 663 4,659 223 2,318 5,182 1,102 2,001 8,000 4,518 48,554 263 2,268 192 2,287 2,825 1,203 1,217 3,404 1,391 22,831 1,167 4,770 565 2,905 1,967 17,667	180 $ 770 3,807 128,479 1,022 823 1,481 34,400 642 64,575 14,805 270 35,754 3,768 470 573 54,910 13,798 11,626 1,158 2,306 1,657 1,443 699 4,199 221 2,218 5,250 1,107 2,020 8,157 4,675 49,050 263 2,242 191 2,343 2,824 1,212 1,216 3,393 1,372 23,157 1,153 4,752 557 3,108 1,967 17,575	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~170~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FILRF FILTF FILUF FILVF FILVF FILWF FILXF FILYF FIMAF FIMJF FIMKF FIMQF FIMTX FIMTX FIMTX2 FIMVF FINAF FINBF FINDF FINEF FINGF FINJF FINJF FINLF FINMF FINOF FINQF FINSF FINUF FINVF FINVF FINWF FINYF FIODF FIOEF FIOHF FIOKF FIOLF FIOPF FIOQF FIORF FIOSF FIOTF FIOUF FIOUF FIOVF FIOWF FIOXF FIOYF	Long Short Short Long Short Short Short Short Short Short Long Long Long Short Long Short Short Short Short Short Long Long Short Short Short Short Long Long Short Long Short Short Short Long Long Short Short Short Short Short Short Short Long Long Short Short Short Short Short	16 3 8 2 10 1 3 7 2 2 1 34 441 542 1 8 25 2 19 14 8 21 37 9 4 83 6 15 5 8 4 13 19 10 202 10 2 10 11 21 10 6 1 48 1 29 218 1 28	408 $ 486 1,723 806 4,106 982 2,961 4,002 704 968 187 3,815 367,394 451,304 840 889 8,706 906 3,290 1,786 1,634 2,364 4,197 1,621 591 26,799 3,941 1,892 529 3,474 1,620 10,921 24,623 3,474 5,436 3,405 245 2,157 7,774 11,890 1,443 201 203 14,250 292 4,474 223,733 1,182 1,637	400 $ 473 1,688 822 4,100 998 2,958 3,703 678 998 191 3,794 367,947 451,653 840 872 8,275 864 3,397 1,694 1,554 2,432 4,307 1,589 586 26,975 3,954 1,908 515 3,608 1,804 10,751 24,577 3,300 5,294 3,340 238 2,150 7,700 11,529 1,446 208 205 14,112 292 4,396 218,436 1,184 1,660	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~171~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIOZF FIOZF FIPAF FIPCF FIPDF FIPEF FIPGF FIPIF FIPJF FIPLF FIPMF FIPNF FIPPF FIPQF FIPRF FIPSF FIPTF FIPUF FIPVF FIPWF FIPWF FIPXF FIPZF FIQAF FIQBF FIQCF FIQDF FIQIF FIQKF FIQLF FIQNF FIQOF FIQPF FIQQF FIQRF FIQTF FIQUF FIQVF FIQWF FIQXF FIQYF FIQZF FIRAF FIRBF FIRCF FIRDF FIRDF FIREF FIRFF	Long Short Short Short Long Short Long Short Long Short Short Short Short Short Short Short Short Long Short Long Short Short Short Long Short Short Short Short Short Short Short Short Short Short Short Long Short Short Long Short Short Short Short Long Short Short Short Short Short	22 54 1 6 2 2 3 3 81 23 5 7 21 7 28 142 40 26 16 30 31 1 1 14 6 19 23 30 56 18 13 12 1 52 31 1 1 21 233 67 12 104 25 1 53 45 5 17 1	5,333 $ 13,254 225 1,140 728 399 194 12,941 38,110 2,139 1,787 830 2,249 864 4,962 10,281 23,065 1,810 44,222 4,264 4,402 1,214 5,096 3,632 639 1,883 7,746 531 3,974 4,100 551 793 69 8,612 968 113 80 3,459 37,396 7,911 1,457 6,655 12,833 193 6,580 5,190 614 4,541 90	4,914 $ 11,988 217 1,176 750 388 193 13,290 39,933 2,187 1,785 746 2,205 868 5,074 9,997 23,877 1,797 45,520 4,290 4,402 1,246 5,710 3,997 628 1,805 7,751 497 4,172 4,644 538 782 69 8,060 975 114 73 3,511 37,678 7,973 1,488 6,490 13,550 213 6,424 5,238 638 4,386 86	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~172~

		June30,2023	June30,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIRJF FIRKF FIRLF FIRNF FIRNF FIROF FIRQF FITE FITE FITF FITX FITX FIZE FIZE CUS JY FIRT MES MGC CEO put TGO put TXO call TXO put TX1 call TX1 call TX1 put TX1 put TXO call TXO put TXO put	Short Short Short Short Short Short Short Long Short Short Long Short Long Short Short Long Short Long Long Short Long Short Long Long Short Long Short Short Long Short	19 120 2 4 1 43 9 64 27 35 197 289 22 22 1 1 4 4 5 1 9 1 2 211 161 191 179 40 128 70	1,445 $ 34,034 142 1,688 483 9,628 620 207,439 87,149 56,909 660,246 967,915 8,853 8,844 3,090 2,731 2,471 2,800 3,003 3) ( 23 7) ( 61 466 837) ( 281 683) ( 102) ( 178 243) (	1,478 $ 35,400 144 1,736 494 9,761 620 207,616 87,491 56,686 655,966 965,625 8,921 8,911 3,100 2,730 2,478 2,795 3,004 4) ( 20 5) ( 1 298 909) ( 183 553) ( 15) ( 80 148) (	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~173~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Futures contract	FICDF FIDLF FIDQF FIHQF FIHSF FIMTX FINYF FIPPF FITE FITF FITX FIUD FIUN FIXI FICAF FICFF FIDCF FIDLF FIDLF FIDOF FIDXF FIEGF FIFVF FIFY1 FIGAF FIGLF FIGNF FIGWF FIGWF FIGXF FIGXF FIGZF FIHBF FIIQF FIIZF FIKFF FIKUF FIKUF FIKWF FILCF FIMBF FIMKF FINDF FINUF FIOAF FIOJF FIOKF FIOKF FIOLF	Long Long Short Long Long Short Long Long Short Short Long Long Short Short Long Long Long Long Short Short Short Long Long Long Long Long Long Long Short Long Short Long Long Long Long Long Long Short Long Long Long Long Long Long Short Short Long Short Long	22 144 4 2 3 3 138 3 91 50 114 443 518 38 1 1 5 1 1 6 2 8 1 5 6 6 5 3 3 1 1 1 1 2 1 8 3 3 5 4 1 2 5 3 8 4 18 19 25	20,700 $ 32,181 91 84 172 2,120 153,810 305 233,601 74,610 322,668 297,014 298,277 53,704 141 171 172 223 225 262 116 156 44 363 725 443 242 516 523 349 336 35 161 253 58 481 137 130 388 757 61 317 588 336 2,460 838 2,245 2,370 5,279	19,756 $ 32,688 88 80 168 2,120 152,214 290 234,325 74,720 322,278 294,808 285,237 54,066 143 174 172 227 226 262 118 158 41 338 712 441 225 516 516 338 337 34 157 244 57 479 127 127 374 762 58 320 572 316 2,496 854 2,264 2,379 5,113	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~174~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIOOF FIOQF FIOSF FIOYF FIPBF FIPNF FIPRF FIPWF FIPYF FIQBF FIQGF FIQHF FIQJF FIQKF FIQMF FIQNF FIQSF FIQUF FICCF FICDF FICDF FICEF FICKF FICSF FICYF FICZF FIDAF FIDHF FIDQF FIDVF FIEHF FIFEF FIFNF FIFRF FIHCF FIHSF FIIOF FIIPF FIIRF FIIXF FIJBF FILEF FILXF FILYF FIMKF FIMTX FINAF FINLF FINLF	Short Long Short Long Long Long Long Long Long Long Long Long Long Long Long Short Long Short Long Long Short Short Short Long Short Short Long Short Short Short Short Long Long Long Long Long Short Long Long Long Long Long Long Long Short Short Long Long Short	6 1 4 16 7 13 2 2 5 8 9 8 1 4 10 3 2 1 244 6 42 10 75 68 8 407 146 693 23 4 1 9 4 6 118 733 1 75 19 9 10 3 1 61 2 2 3 4 2	871 $ 415 128 766 303 923 288 160 212 767 262 253 34 203 182 95 47 66 20,540 5,386 37,609 1,121 6,036 6,477 807 132,776 19,206 140,010 506 5,154 85 768 492 3,492 12,965 41,482 635 22,803 4,595 1,917 13,024 2,224 946 28,670 317 1,417 826 655 311	877 $ 407 130 744 301 863 272 159 217 717 254 252 33 196 183 95 45 67 19,904 5,382 37,716 1,134 6,045 6,434 818 132,275 19,109 138,499 508 5,000 86 760 494 3,444 13,118 41,038 631 21,300 4,541 1,872 12,756 2,004 902 27,572 320 1,414 816 622 311	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge

~175~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FINOF FINOF FINVF FINWF FIOLF FIOUF FIOWF FIOYF FIOZF FIPBF FIPCF FIPDF FIPEF FIPLF FIPUF FIPUF FIPWF FIPYF FIQAF FIQEF FIQFF FIQHF FIQJF FIQNF FIQSF FIQWF FIQXF FIQZF FITX FICAF FICBF FICCF FICDF FICEF FICFF FICGF FICHF FICJF FICKF FICKF FICKF FICLF FICMF FICNF FICNF FICQF FICRF FICSF FICSF	Long Short Long Long Short Long Short Long Long Short Long Long Long Long Long Short Long Long Short Long Short Long Long Short Long Long Long Long Short Long Long Long Long Long Long Short Long Short Long Short Long Long Long Long Short Long Long Long Short	1 3 1 1 57 4 2 2 3 10 4 1 23 1 5 13 5 3 1 6 64 25 239 10 42 38 127 6 305 66 820 3,580 1,056 415 27 58 1,591 18 189 113 213 195 33 30 38 53 100 588 23	278 $ 838 326 626 12,364 1,113 1,736 111 564 432 1,011 378 3,459 84 317 818 419 129 183 278 2,928 782 8,640 310 1,000 5,300 21,276 398 868,371 9,678 47,485 315,128 1,000,484 47,100 4,752 2,571 47,493 811 15,359 9,072 17,555 11,950 991 1,326 1,680 6,942 6,515 56,060 2,163	279 $ 837 323 630 11,657 1,092 1,718 93 563 430 1,002 370 3,404 81 312 813 398 131 170 271 2,874 788 7,983 315 949 5,092 20,314 379 862,235 9,438 48,954 292,128 948,170 47,049 4,693 2,668 47,730 810 15,233 9,108 17,338 11,869 1,003 1,326 1,680 7,081 6,400 55,625 2,178	Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~176~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FICUF FICWF FICYF FICZF FICZF FIDAF FIDBF FIDCF FIDDF FIDDF FIDEF FIDFF FIDGF FIDHF FIDIF FIDJF FIDKF FIDLF FIDNF FIDOF FIDPF FIDQF FIDSF FIDVF FIDWF FIDXF FIDYF FIEEF FIEGF FIEHF FIEMF FIEPF FIEYF FIEZF FIFBF FIFCF FIFEF FIFFF FIFGF FIFKF FIFNF FIFQF FIFRF FIFTF FIFVF FIFWF FIFY1 FIFZF FIGAF	Short Long Long Long Short Long Long Short Long Short Long Short Short Long Long Long Long Short Short Long Short Short Short Long Short Long Long Long Short Short Short Short Long Short Long Long Long Short Long Short Short Long Long Short Short Long Long Long Long	87 33 31 311 24 383 172 12 11 275 38 9 7 561 92 53 11 20 42 132 23 194 7 610 12 7 73 32 33 22 6 2 42 7 40 93 351 6 1 8 61 21 93 10 14 9 15 30 21	1,286 $ 1,785 3,180 101,724 7,923 49,725 6,479 417 192 4,808 1,317 619 978 114,760 6,251 28,254 1,533 4,460 2,053 5,833 1,206 4,673 325 864,039 1,603 417 5,929 1,185 649 1,927 335 3,672 691 751 4,131 4,970 29,255 2,185 782 549 7,750 2,674 53,312 958 610 266 1,082 1,252 2,508	1,262 $ 1,861 3,168 101,075 7,800 50,100 6,492 412 194 4,840 1,272 608 983 112,179 6,201 28,355 1,591 4,540 2,020 5,755 1,224 4,288 329 762,428 1,570 412 5,993 1,206 653 1,899 332 3,696 718 750 4,216 4,984 29,634 2,190 770 542 7,540 2,692 53,382 891 580 267 1,014 1,173 2,491	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~177~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIGCF FIGHF FIGIF FIGIF FIGJF FIGLF FIGMF FIGNF FIGOF FIGUF FIGWF FIGYF FIGZF FIHAF FIHBF FIHCF FIHHF FIHIF FIHLF FIHOF FIHQF FIHSF FIIAF FIIHF FIIIF FIIJF FIIOF FIIOF FIIPF FIIRF FIITF FIIXF FIIZF FIJBF FIJMF FIJNF FIJPF FIJSF FIJWF FIJZF FIKAF FIKBF FIKCF FIKDF FIKDF FIKEF FIKFF FIKGF FIKGF	Long Long Long Short Long Short Short Long Long Long Short Short Long Long Short Long Long Long Long Short Long Long Short Short Short Long Long Short Long Long Long Long Short Short Short Short Short Short Short Short Long Short Long Long Short Long Short Long Short	1 81 69 5 285 1 1 32 4 3 12 4 39 142 5 359 127 8 47 11 9 309 50 15 14 2 43 3 152 9 2 21 1 6 5 1 28 5 12 21 2 16 14 2 5 10 2 10 95	104 $ 16,610 16,414 1,160 171,005 76 77 1,554 1,473 410 2,011 494 1,338 2,756 821 40,686 2,108 460 3,700 1,927 370 17,432 1,287 671 1,822 8,780 26,363 1,851 49,968 2,229 343 4,443 62 7,618 3,842 61 2,652 632 1,719 1,040 420 2,366 2,304 764 1,909 1,873 122 1,610 16,075	104 $ 17,172 16,560 1,195 160,740 74 74 1,440 1,448 412 2,064 463 1,334 2,854 785 39,920 2,068 467 3,779 1,947 362 17,293 1,295 641 1,813 8,180 27,133 1,890 43,168 2,151 328 4,368 57 7,656 3,740 59 2,705 634 1,771 983 422 2,314 2,234 766 1,905 1,782 120 1,560 14,877	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~178~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIKIF FIKKF FIKLF FIKOF FIKPF FIKSF FIKUF FIKUF FIKWF FILBF FILCF FILEF FILIF FILMF FILOF FILQF FILRF FILTF FILUF FILVF FILWF FILXF FILYF FIMAF FIMBF FIMJF FIMKF FIMQF FIMTX FIMTX FIMTX1 FIMTX2 FIMVF FINAF FINBF FINCF FINDF FINEF FINGF FINIF FINJF FINJF FINLF FINMF FINOF FINQF FINSF FINUF FINVF	Long Long Long Long Long Long Long Short Long Short Short Long Long Short Short Long Short Short Short Long Short Long Short Short Long Long Long Long Long Short Long Long Short Long Long Short Long Short Short Short Long Short Short Short Long Short Long Short Long	51 22 16 2 438 5 10 11 22 1 10 89 5 4 29 127 70 11 4 18 13 125 5 1 31 1 1 2 932 1,085 35 5 22 23 3 2 98 3 2 8 20 12 13 2 28 4 8 13 6	4,244 $ 1,654 1,062 347 38,193 2,417 421 497 1,630 196 1,880 66,223 991 1,347 1,512 6,418 1,780 1,459 911 7,587 12,746 117,064 2,284 333 1,804 363 161 192 658,054 763,592 24,858 3,557 2,517 6,496 1,095 300 11,994 308 450 785 1,488 883 2,061 215 8,273 2,334 942 1,379 1,975	4,182 $ 1,672 1,102 347 38,018 2,325 424 466 1,643 187 1,904 59,451 982 1,343 1,508 6,655 1,764 1,456 840 7,830 12,831 112,760 2,260 337 1,786 364 160 193 655,837 763,815 24,771 3,539 2,490 6,256 1,092 290 11,211 296 399 755 1,470 884 2,020 228 7,812 2,272 931 1,368 1,932	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~179~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FINVF FINWF FINXF FINYF FIODF FIOEF FIOHF FIOLF FIOPF FIOQF FIOQF FIORF FIOSF FIOTF FIOUF FIOVF FIOWF FIOYF FIOZF FIPCF FIPCF FIPDF FIPEF FIPGF FIPJF FIPLF FIPMF FIPNF FIPOF FIPPF FIPQF FIPRF FIPTF FIPUF FIPWF FIPXF FIPXF FIPZF FIPZF FIQAF FIQBF FIQCF FIQCF FIQDF FIQHF FIQIF FIQLF FIQNF FIQOF	Short Long Long Long Short Long Short Short Long Long Short Long Short Short Long Long Short Short Long Long Short Short Short Short Short Long Short Short Long Long Short Long Long Short Long Long Short Long Short Short Short Long Short Short Long Short Long Short Short	29 16 15 239 21 654 4 1 14 10 1 5 57 12 157 11 53 4 401 10 18 10 2 32 3 305 7 4 1 8 22 46 4 65 2 1 1 1 1 9 32 52 18 11 1 30 10 6 5	9,593 $ 9,925 1,788 264,942 6,147 14,367 1,167 207 7,021 3,945 396 695 1,767 2,720 44,791 1,235 46,107 207 78,407 2,430 4,402 3,734 297 1,853 1,028 26,652 2,444 282 127 816 2,229 6,538 1,176 4,475 174 850 878 3,420 3,430 1,827 3,118 5,131 1,760 3,057 31 454 1,956 185 315	9,367 $ 10,080 1,773 263,631 5,817 14,584 1,156 205 6,552 4,060 407 671 1,858 2,556 42,861 1,131 45,527 186 75,308 2,500 4,518 3,700 296 1,840 1,020 24,827 2,380 266 121 774 2,200 6,256 1,176 4,063 159 872 868 3,400 3,400 1,530 2,867 5,054 1,750 3,003 32 408 1,928 189 313	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~180~

		December31,2022	December31,2022	December31,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Options contract	FIQPF FIQRF FIQTF FIQUF FIQVF FIQWF FIQXF FIQYF FIQZF FIRAF FIRBF FITE FITE FITF FITX FITX FIZE FT JY FIRT MNQ MYM TWN TX1 put OJO put TGO call TXO call TXO call TXO put TXO put TX1 call TX1 call TX1 put TX1 put TX2 call TX2 call TX2 put TX1 call TX1 put TXO call TXO put TXO put TX1 call	Long Long Short Short Long Short Long Short Long Short Short Long Short Short Long Short Long Short Short Long Long Short Long Long Long Long Long Short Long Short Long Short Long Short Long Short Short Long Long Short Long Short Short	3 1 3 3 52 33 19 11 108 115 9 24 12 8 196 336 8 1 1 1 418 571 5 20 2 1 253 135 512 14 69 200 31 144 154 36 1 17 95 157 70 94 200	164 $ 27 288 199 9,083 4,603 3,096 1,467 6,961 25,857 1,398 61,742 30,789 11,965 551,252 948,077 2,578 2,767 2,962 608 294,017 294,950 7,588 17 - 2 2,734 520) ( 4,503 321) ( 192 691) ( 132 776) ( 1,065 86) ( 17) ( 17 203 380) ( 262 302) ( 489) (	164 $ 27 288 200 8,879 4,422 3,044 1,503 6,815 25,737 1,379 61,800 30,828 11,955 550,155 945,950 2,572 2,769 2,959 607 282,977 291,828 7,627 16 - 2 2,479 477) ( 4,725 330) ( 173 643) ( 143 458) ( 981 74) ( 15) ( 1 230 208) ( 144 194) ( 335) (	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Hedge Hedge Trade Trade Trade Trade

~181~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Futures contract	FICCF FICDF FICLF FICZF FICZF FIDSF FIDVF FIDYF FIDYF FIEEF FIEYF FIEYF FIFFF FIFNF FIF1 FIF1 FIGUF FIIQF FILEF FILIF FILQF FIMKF FIMTX FINZF FIOVF FIOVF FIPUF FIPUF FIQAF FIQCF FIQGF FIQMF FIQNF FIQSF FITE FITF FITX FITX FIXI FICBF FICCF FICLF FIDSF FIDVF FIDWF FIDYF FIEEF FIEYF FIFEF FIFNF FIFZF FIGCF	Long Long Short Long Short Long Short Long Short Short Long Short Short Short Long Short Long Short Short Long Short Short Short Short Long Short Long Short Short Long Long Long Long Long Long Long Long Short Long Long Long Long Long Long Long Long Long Long Long Long Long Long	419 1 1 13 265 1 3 1 2 1 4 5 1 1 16 2 1 1 1 1 2 5 608 12 4 11 20 5 5 5 5 6 7 5 46 40 79 89 53 4 35 1 8 2 2 1 1 1 8 1 7 1	41,833 $ 983 73 2,606 71,555 55 3,972 85 170 46 64 80 509 91 5,758 718 170 143 772 180 99 781 446,617 2,362 492 1,331 1,348 418 1,072 469 192 152 214 167 126,436 63,297 241,172 268,607 79,512 229 3,547 70 451 3,100 338 85 47 16 629 92 341 109	32,473 $ 953 71 2,184 44,520 43 3,894 88 176 45 63 79 473 94 5,758 718 142 133 726 173 101 768 444,538 2,556 448 1,234 1,298 325 950 408 181 142 188 130 122,488 62,252 227,631 255,630 77,830 227 2,713 71 346 2,596 310 88 45 16 537 94 302 98	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~182~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIGD FIGD FIGUF FIIQF FILIF FILIF FILQF FILRF FIMKF FINUF FIOJF FIOVF FIOVF FIOYF FIPBF FIPUF FIQAF FIQCF FIQJF FIQMF FIQNF FIQNF FIQSF FICBF FICCF FICDF FICDF FICEF FICHF FICKF FICMF FICNF FICSF FICSF FICSF FICZF FICZF FIDAF FIDHF FIDIF FIDQF FIDVF FIEZF FIFBF FIFEF FIFEF FIFFF FIFRF FIFTF FIFY1 FIFZF FIGHF FIGRF	Long Short Long Long Long Short Long Long Long Long Long Long Short Long Long Long Long Long Long Long Long Short Long Short Long Long Short Short Long Short Short Short Long Long Short Long Short Long Short Short Long Short Long Short Long Short Short Short Short Long Short Long Short	1 2 4 1 1 2 2 8 5 2 1 12 5 10 2 5 5 6 20 14 1 8 33 60 118 6 26 1 15 50 16 21 775 5 77 121 2,701 296 625 1 5 60 1 8 86 1 6 13 14 19 12 3 4	547 $ 1,097 683 159 180 358 100 242 788 284 227 1,478 616 442 101 425 1,174 641 775 336 35 256 1,144 3,753 10,612 5,954 25,297 122 505 5,324 534 1,084 59,720 426 5,630 32,426 552,668 54,165 139,993 73 127 89,542 132 1,066 6,288 70 3,004 6,069 1,289 1,801 559 596 364	542 $ 1,078 570 133 173 346 101 233 767 272 245 1,344 561 408 90 325 1,045 491 726 331 27 216 858 3,408 9,145 5,712 24,778 119 488 5,100 523 1,048 55,877 362 5,583 20,328 453,768 48,417 136,976 70 121 77,880 128 826 5,771 67 2,838 5,746 1,210 1,596 518 530 320	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge

~183~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIGXF FIHBF FIHCF FIHSF FIIIF FIIJF FIIOF FIIRF FIITF FIIXF FIKFF FILEF FILRF FILUF FIMTX FINAF FINJF FINOF FINUF FINVF FINYF FIOHF FIOLF FIOUF FIOZF FIPBF FIPCF FIPDF FIPJF FIPLF FIPMF FIPNF FIPTF FIPUF FIPYF FIQBF FIQDF FIQDF FIQEF FIQFF FIQJF FIQNF FIQSF FIQXF FITX FICAF FICAF FICBF FICCF FICCF FICDF FICEF FICEF	Long Long Long Long Long Short Short Long Long Long Long Long Short Short Long Short Short Short Long Long Short Short Short Long Short Long Short Short Short Long Long Short Long Long Short Long Long Short Long Short Long Short Long Long Short Long Short Long Long Short Long Long Short	1 1 56 956 4 2 7 34 3 9 8 2 50 5 1 4 3 10 3 18 1 1 191 7 31 9 4 4 1 14 5 4 6 18 14 17 61 1 4 94 27 15 3 43 155 8 32 609 3,561 145 1,238 243 6	340 $ 204 5,909 59,680 861 7,050 4,955 11,145 599 2,663 468 1,428 1,501 1,115 756 1,545 174 2,895 440 7,364 1,226 258 32,256 2,318 5,983 453 674 1,575 393 1,589 1,610 447 2,058 1,293 999 1,815 25,674 395 138 4,617 998 500 97 10,739 460,111 1,332 5,371 36,665 341,096 14,846 1,253,295 30,494 734	329 $ 178 5,404 60,029 699 6,860 4,207 10,778 541 2,564 460 1,452 1,455 1,025 731 1,520 152 2,830 409 6,732 1,156 254 32,757 2,121 4,743 406 695 1,552 355 1,330 1,520 442 1,878 1,168 1,040 1,710 20,679 338 122 4,479 980 406 78 10,147 453,344 1,333 5,325 34,579 275,976 11,209 1,179,554 28,868 715	Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Hedge Trade Trade Trade Trade Trade Trade Trade Trade

~184~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FICGF FICHF FICJF FICKF FICKF FICLF FICLF FICMF FICNF FICQF FICRF FICSF FICSF FICUF FICWF FICYF FICZF FIDAF FIDCF FIDCF FIDDF FIDEF FIDFF FIDGF FIDHF FIDIF FIDJF FIDKF FIDLF FIDNF FIDNF FIDOF FIDPF FIDQF FIDQF FIDSF FIDVF FIDVF FIDWF FIDXF FIDYF FIDZF FIEEF FIEGF FIEHF FIEKF FIEMF FIEPF FIEYF FIEZF FIFBF FIFCF FIFEF	Long Long Short Long Short Long Short Short Short Long Long Long Long Long Short Long Short Long Long Short Short Short Long Short Short Long Short Long Short Long Short Short Short Long Short Long Long Short Short Long Short Short Long Short Short Short Short Short Long Long Long Long Long	78 6,021 67 201 47 60 53 83 162 69 7 177 537 64 41 19 8,264 200 20 15 207 38 4 12 1,256 168 52 54 25 40 110 168 51 642 327 316 59 118 29 25 14 15 221 211 2 1 8 7 52 15 74 76 245	3,580 $ 203,368 3,122 21,464 4,998 4,256 3,763 2,808 8,446 8,930 436 12,835 46,615 1,079 2,408 2,337 1,736,158 33,054 706 531 3,836 1,294 316 1,953 283,876 12,276 34,149 8,381 6,272 2,359 6,455 7,731 2,686 16,118 10,003 17,263 79,354 157,738 4,779 1,331 1,212 1,455 10,172 4,409 189 41 478 14,192 850 2,027 7,833 4,489 18,682	3,533 $ 195,664 3,035 20,422 4,794 4,230 3,742 2,714 8,084 9,232 444 12,762 38,933 978 2,325 1,860 1,388,352 32,693 698 525 3,610 1,265 316 1,795 275,190 11,760 32,292 8,629 6,075 2,324 6,402 6,598 2,667 15,536 7,939 13,651 76,582 153,164 4,495 1,323 1,231 1,428 10,009 4,026 198 38 479 14,000 825 1,917 7,633 4,052 16,440	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~185~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIFFF FIFGF FIFKF FIFNF FIFQF FIFRF FIFTF FIFVF FIFWF FIFY1 FIFY1 FIFZF FIGAF FIGAF FIGCF FIGHF FIGIF FIGJF FIGLF FIGMF FIGNF FIGNF FIGOF FIGRF FIGUF FIGWF FIGXF FIGZF FIHAF FIHBF FIHCF FIHCF FIHHF FIHIF FIHIF FIHLF FIHOF FIHQF FIHSF FIIAF FIIHF FIIIF FIIIF FIIMF FIIOF FIIOF FIIPF FIIQF FIIRF FIIRF FIITF FIIXF FIIZF	Short Long Short Short Short Long Long Long Long Long Short Long Long Short Short Long Long Long Short Short Long Short Short Long Short Short Short Long Long Short Long Short Long Long Short Short Long Short Short Short Long Long Short Short Long Short Short Long Long Short Short Long Short	1 1 14 23 23 59 62 99 35 19 10 118 5 14 43 354 61 160 1 5 10 29 2 5 2 5 12 5 92 15 10 70 121 4 3 42 13 16 751 126 21 16 23 23 56 5 19 20 63 8 4 43 99	516 $ 860 995 2,136 2,814 26,480 5,917 4,090 1,061 1,653 890 6,019 546 1,581 4,747 69,389 15,160 131,220 67 440 609 1,786 704 456 310 1,386 4,044 168 2,421 3,443 907 7,576 2,149 264 196 3,730 2,390 779 47,525 2,998 817 2,999 5,384 3,144 35,724 3,295 7,312 2,809 20,018 2,516 734 12,304 5,193	473 $ 816 991 2,167 2,677 26,078 5,357 4,208 1,022 1,596 834 5,103 532 1,490 4,236 62,516 13,664 115,840 66 413 616 1,792 578 400 285 1,395 3,960 167 2,309 2,667 964 6,755 2,096 260 196 3,767 2,304 653 47,159 2,911 806 2,797 4,006 2,852 33,656 3,000 7,182 2,668 19,971 2,528 722 12,255 5,079	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~186~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIJBF FIJFF FIJMF FIJNF FIJPF FIJSF FIJWF FIJZF FIKAF FIKBF FIKCF FIKDF FIKEF FIKFF FIKGF FIKIF FIKKF FIKLF FIKOF FIKPF FIKSF FIKUF FIKWF FILBF FILCF FILEF FILIF FILMF FILOF FILQF FILRF FILRF FILTF FILUF FILVF FILWF FILXF FILYF FIMBF FIMJF FIMKF FIMQF FIMTX FIMTX FIMT1 FIMVF FIMYF FINAF FINAF FINBF FINCF FINDF FINEF	Long Long Short Long Short Long Short Long Short Short Long Short Long Long Short Long Long Short Short Short Long Short Long Short Short Long Long Long Short Long Long Short Long Short Long Long Long Short Long Short Short Long Long Short Long Short Long Long Short Short Short Long Short	14 23 5 10 28 35 3 17 14 12 50 9 9 281 5 46 40 6 8 22 2 40 118 1 18 52 31 1 70 112 296 115 10 44 3 35 61 15 10 2 2 12 1,316 2,372 4 23 4 2 1 4 7 28 5	13,862 $ 33,103 3,625 684 3,161 4,762 429 792 2,480 2,325 9,227 3,778 1,664 16,176 653 4,247 3,393 370 1,246 3,360 644 1,744 9,223 240 3,813 41,577 5,455 524 3,791 5,609 8,844 3,450 1,689 9,267 1,263 32,884 42,361 8,578 648 636 326 1,266 965,352 1,752,395 2,952 3,149 2,165 841 421 1,798 1,091 4,052 441	13,328 $ 30,524 3,355 685 3,080 4,007 437 755 2,439 1,721 8,800 3,609 1,609 16,106 687 4,094 3,228 354 1,216 3,234 566 1,412 8,776 220 3,906 37,752 5,367 511 3,759 5,645 8,614 3,347 1,674 9,020 1,245 29,120 37,321 7,800 587 600 307 1,243 958,592 1,702,729 2,945 3,128 2,096 766 380 1,480 998 3,345 361	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~187~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FINGF FINIF FINJF FINLF FINMF FINOF FINOF FINQF FINSF FINUF FINVF FINVF FINWF FINXF FINYF FINZF FIOAF FIOBF FIOCF FIODF FIOEF FIOEF FIOHF FIOJF FIOLF FIOOF FIOPF FIOQF FIORF FIOSF FIOTF FIOUF FIOVF FIOWF FIOZF FIPAF FIPBF FIPCF FIPDF FIPEF FIPFF FIPGF FIPHF FIPIF FIPJF FIPKF FIPLF FIPMF FIPNF FIPOF FIPPF FIPQF FIPRF	Long Short Long Short Long Long Short Long Long Short Long Short Long Long Short Short Short Short Long Short Long Short Long Short Short Short Long Long Short Long Short Long Short Short Short Short Short Short Short Long Short Short Short Long Long Short Short Short Short Short Short Long Long	9 6 193 15 17 11 5 1 13 18 12 10 56 13 9 4 16 1 3 5 40 82 12 7 5 1 96 23 25 21 10 279 5 11 50 9 6 4 18 84 43 69 1 4 12 1 13 6 44 2 2 54 115	2,566 $ 744 10,258 2,443 1,879 3,219 1,417 547 1,757 2,601 4,732 4,028 34,001 1,687 10,896 834 5,305 318 815 1,402 848 1,819 3,066 1,711 903 173 46,215 9,687 3,615 734 2,524 93,423 603 11,123 8,938 1,805 352 684 7,198 13,366 13,112 3,809 2,420 8,920 4,441 94 1,289 1,913 5,791 393 238 5,610 19,067	2,803 $ 713 9,744 2,307 1,693 3,124 1,415 508 1,537 2,452 4,488 3,740 30,173 1,646 10,404 852 5,675 346 846 1,300 800 1,640 3,048 1,716 858 177 45,408 9,757 3,060 705 2,300 84,537 561 9,922 7,657 1,735 271 695 6,984 11,827 11,843 3,885 2,210 8,360 4,260 79 1,234 1,824 4,862 362 212 4,928 19,171	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~188~

		June30,2022	June30,2022
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Options contract	FIPSF FIPUF FIPWF FIPXF FIQAF FIQAF FIQBF FIQCF FIQDF FIQFF FIQIF FIQKF FIQLF FIQNF FIQOF FIQPF FIQTF FIQUF FIQVF FIQWF FIQXF FITE FITF FITX FITX FIZE FIZE AD CN FIRXF HSI MGC MHI MNQ NQ TWN FIRXF NZO put OCO put OJO put OJO put TXO call TXO call TXO put TXO put TX1 call TX1 call TX1 put TX1 put TXO call TXO put TXO put TX1 put	Short Short Short Short Short Short Long Long Short Short Short Short Long Short Short Short Short Short Short Short Long Long Long Long Short Long Short Short Long Long Short Short Short Long Short Long Short Short Short Long Short Long Short Long Short Long Short Long Short Short Long Short Long	14 57 7 4 2 8 151 8 20 120 23 37 7 8 4 8 1 4 11 9 9 23 8 719 696 60 44 1 62 76 3 13 13 10 2 7 90 20 20 5 39 51 1,181 927 79 110 329 306 265 200 98 164 25	791 $ 5,000 583 5,828 396 1,754 15,497 707 7,517 6,000 514 2,037 1,747 296 276 477 143 363 1,989 892 2,209 62,018 12,481 2,149,056 2,106,932 20,327 14,697 2,053 27,116 23,692 12,411 6,999 10,699 6,894 13,677 10,850 14,471 2) ( 2) ( 54 4) ( 121 5,534) ( 15,035 1,046) ( 250 1,305) ( 2,476 2,202) ( 1,309) ( 524 828) ( 14	766 $ 3,699 489 5,956 380 1,672 15,191 653 6,780 5,718 437 1,880 1,792 216 260 411 125 296 1,586 849 2,124 61,267 12,456 2,071,307 1,998,073 19,979 14,523 2,054 27,424 23,366 12,355 6,983 10,708 6,853 13,706 10,552 14,252 2) ( 2) ( 3 4) ( 20 2,501) ( 30,156 2,352) ( 110 788) ( 4,733 3,741) ( 840) ( 1,341 1,521) ( 14	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Hedge Hedge Hedge Hedge

~189~

Item Trading category TXO put	Long/ Short Number of contracts Short 700 June30,2022 Openpositions	Fair value Contract size or paid for (received from) premium	Note
		3,242) ($ 6,020) ($	Trade

Note: Futures contracts are contract value when trading future contracts; Options contracts are premium received or paid when buying or selling options. Losses are borne by the future merchants of trading counterparties when transaction of stock index futures default, so the credit risk of the Segment is low.

(Blank below)

~190~

B. Market price risk

• (A) The Company deals in index options, stock options stock index futures, treasury bond future and commercial paper rate futures. Market risk is influenced by the changes of the products mentioned above. Each contract has its fair value. The Segment has set up stop-loss point during operations and the losses should be within the expected range, so there is no significant market price risk.

• (B) The foreign exchange exposure of the Futures Segment was as follows:

==> picture [418 x 24] intentionally omitted <==

Financial assets in foreign currencies Futures guarantee deposits receivable $ 80,004 ($ 702) $ 23,262 $ 1,701 $12,225 $29,506 $145,996 Note: As of June 30, 2023, foreign exchange rates of the above currencies to TWD were 1 USD = 31.140 TWD; 1 EUR= 33.810 TWD; 1 HKD= 3.974 TWD; 1 JPY= 0.215 TWD; and 1 RMB= 4.282 TWD, respectively.

==> picture [418 x 24] intentionally omitted <==

Financial assets in foreign currencies

Futures guarantee deposits receivable $ 45,558 ($ 680) $ 22,037 ($ 2,607) $ 13,312 $ 28,297 $ 105,917 Note: As of Decemberer 31, 2022, foreign exchange rates of the above currencies to TWD were 1 USD = 30.710 TWD; 1 EUR= 32.720 TWD; 1 HKD= 3.938 TWD; 1 JPY= 0.232 TWD; and 1 RMB= 4.408 TWD, respectively.

June 30, 2022

==> picture [382 x 9] intentionally omitted <==

Financial assets in foreign currencies Futures guarantee deposits receivable $ 75,910 ($ 969) $ 43,502 $ 1,687 $10,845 $15,021 $145,995 Note: As of June 30, 2022, foreign exchange rates of the above currencies to TWD were 1 USD = 29.720 TWD; 1 EUR= 31.050 TWD; 1 HKD= 3.788 TWD; 1 JPY= 0.218TWD; and 1 RMB= 4.439 TWD, respectively.

~191~

• C. The amount, period and uncertainty of liquidity risk, cash flow risk and future cash demand: As of June 30, 2023, the option and futures open positions held by the Segment can be closed at a reasonable price in the market, so the risk of liquidity is extremely low. Future trading of the Segment is margin trading. The Segment paid guarantee deposits before transactions. It is evaluated on a daily basis based on the open positions of futures contract established by the company. If the margin calls are required, operating capital of the Company is sufficient to pay. Therefore, there is no financing risk, and the cash flow risk is extremely low.

• The Segment engages in option trading. The premium has been paid (received) before transactions. If the counterparties exercise the call option, operating capital of the Company is sufficient to pay. Therefore, there is no financing risk and cash flow risk.

• D. Types of derivatives, purpose and strategy for achieving the purpose: The Company is concurrent operation of futures business. Futures and options are for the purpose of trading. the Segment mainly operates spread trading and combined strategy transactions. It uses the correlation between futures, options and spot prices to operates simultaneously, and establish a hedge position when the market changes greatly to increase the profit stability of the overall position. The futures and options for the purpose of hedging, the hedging strategy of the Segment is to achieve the purpose of avoiding most of the market price risk. They are highly negatively related to the fair value of the hedged items and the hedging instrument are regularly evaluated.

• E. Derivatives in financial statements:

• (A) Margin deposits for the futures contract

Margin deposits for the futures	contract
Futures guarantee deposits receivable Excess margin	June 30, 2023	December 31,2022			June 30,2022
	5,314,954 $ 3,748,637 $		4,574,974 $ 3,622,064 $		4,613,928 $ 3,331,887 $

• (B) Net gain (loss) from derivatives-future

Net gain (loss) from derivatives-future
Futures contract gain Option trading gain Futures contract loss Option trading loss Total	Six months ended June 30,2023	Six months ended June 30,2022
	329,080 $ 97,125 297,052) ( 66,266) ( 62,887 $	390,137 $ 201,047 429,032) ( 133,164) ( 28,988 $

(2) Fair values and hierarchy information

• A. Financial instruments measured at fair value

Except for those listed in the table below, the carrying amounts of the Segment’s financial instruments not measured at fair value (including cash and cash equivalents, accounts

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receivable, other receivable, operation guaranteed deposits, accounts payables and other payables) approximate their fair values. The fair value information of financial instruments measured at fair value is provided in Note 12(2)2.

• B. Fair value hierarchy of the financial instruments

• (A) Definitions for the hierarchy classifications of financial instruments measured at fair value a. Level 1

Level 1, are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Segment can access at the measurement date. An active market has to satisfy all the following conditions: a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.

• b. Level 2

Inputs other than quoted market prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. For the years ended June 30, 2023 and 2022, there was no significant transfer of financial instruments between Level 1 and Level 2.

• c. Level 3

Unobservable inputs for the assets or liability. The Segment has no unlisted stocks.

• (C) For financial instruments held for trading purposes which are classified as non-derivative instruments, their fair values are based on their quoted prices in an active market. For those classified as derivative instruments, their fair values are based on their market prices if their quoted prices are available from an active market. If quoted market prices in an active market are not available, the Segment presumes the expected return or payment if contracts are terminated at balance sheet date.

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(C) Hierarchy of fair value estimation of financial instruments

Hierarchy of fair value estimation of financial	instruments
Financial instruments measured at fairvalue		June 30,2023
Recurringfairvalue	Total	Level 1	Level 2	Level3
	$ 5,315,536 1,634	$ 5,315,536 $ - 1,634 - December 31,2022		$ - -
Derivative instruments
Assets Financial assets at fair value through profit or loss - current Liabilities Financial liabilities at fair value through profit or loss - current Financial instruments measured at fairvalue
Recurringfairvalue	Total	Level 1	Level 2	Level3
	$ 4,583,867 2,734	$ 4,583,867 $ - 2,734 - June 30,2022		$ - -
Derivative instruments
Assets Financial assets at fair value through profit or loss - current Liabilities Financial liabilities at fair value through profit or loss - current Financial instruments measured at fairvalue
Recurringfairvalue	Total	Level 1	Level 2	Level3
	$ 4,650,305 17,771	$ 4,650,305 17,771	$ - -	$ - -
Derivative instruments
Assets Financial assets at fair value through profit or loss - current Liabilities Financial liabilities at fair value through profit or loss - current

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13. STATUS OF IN THE LIMITATIONS ON FINANCIAL RATIOS IMPOSED BY FUTURES TRADING ACT, AND THE RELATED

IMPLEMENTATION

==> picture [674 x 207] intentionally omitted <==

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

June 30, 2023 June 30, 2022
Article Calculation formula Standard Enforcement
Calculation Ratio Calculation Ratio
Stockholders’ equity 2,290,855 2,242,135 Met the
17 66.99 70.96 ≧1
－
(Total liability futures trader’s equity) 34,197 31,597 requirement
Current assets 6,540,442 5,757,005 Met the
17 191.26 182.20 ≧1
Current liabilities 34,197 31,597 requirement
Stockholders’ equity 2,290,855 2,242,135 ≧60% Met the
22 572.71% 560.53%
Minimum paid-in capital 400,000 400,000 ≧40% requirement
Adjusted net capital 1,434,090 1,521,213 ≧20%
Met the
22 Total amount of customer margins required 91.56% 118.66%
1,566,316 1,282,040 ≧15% requirement
for the open positions of futures traders
----- End of picture text -----

14. PROSPECTIVE RISK FOR FUTURES TRADING

The main risk faced by the Company while engaging in self-operating businesses is market price risk- that is risk of changes in market prices of futures or options contracts as a result of fluctuation in underlying investment index. Losses may occur if the market index price and underlying investment move adversely. However, the Company has set up stop-loss point to control such risk for reasons of risk management. 15. OTHER

None.

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16. OTHER DISCLOSURE ITEMS

1) Information about significant transactions

• A. Lending to others: None.

• B. Endorsements and guarantees for others: None.

• C. Acquisitions of real estate exceeding $300 million or 20 percent of contributed capital: None.

• D. Disposals of real estate exceeding $300 million or 20 percent of contributed capital: None.

• E. Purchases or sales transactions discount on brokers’ charges with related parties in excess of $5 million: None.

• F. Receivables from related parties exceeding $100 million or 20 percent of contributed capital: None.

• G. Significant transactions between parent company and subsidiaries are provided in Note 7.

• 2) Related information of investee companies

• None.

3) Disclosure of investment in Mainland China

• None.

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT

STATEMENT OF CASH AND CASH EQUIVALENTS

JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Item Current deposits Deposits denominated in NTD Deposits denominated in foreign currencies Time deposits Deposits denominated in NTD Deposits denominated in foreign currencies Total Current deposits	Description USD 437 thousands, exchange rate: 31.140 HKD 6 thousands, exchange rate: 3.974 Maturity Date: July 1, 2023 to September 20, 2023 interest rates:0.605%~1.18% USD 2,000 thousands, exchange rate: 31.140 Maturity Date: December 6, 2023 interest rates:5.413%	Amount $ 33,052 13,617 1,115,200 62,280 $ 1,224,149	Remark

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Name of financial instrument	Description	shares or certificates 9 2 211 191 128	Par value (dollar)	Total amount	Interest rate (%)	Cost ＄ 27 5,314,954 23 61 466 281 178 1,009 ＄ 5,315,990	Fair value Unit price (dollars) Total amount ＄ - 5,314,954 20 1 298 183 80 582 ＄ 5,315,536	Changes in the fair value attributable to changes in credit risk ＄ - - - - - - - - ＄ -	Remark
							Unit price (dollars)
Financial assets mandatorily measured at fair value through profit or loss: Securities invested by securities broker Futures margin-own funds Buy options TGO Put TXO Put TX1 Call TX1 Put TXO Put Total	Long Long Long Long Long								Trade Trade Trade Trade Trade

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF FUTURES GUARANTEE DEPOSITS RECEIVABLE

JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Clearing house (Other futures commission merchants) President Futures Corp. Capital Futures Corp. Yuanta Futures Co., Ltd. KGI FUTURES CO., LTD.	Description	Currency	Foreign amount	Exchange rate (dollars)	New Taiwan dollar ＄ 5,078,697 69,495 1,701 7,010 459 ( 702 ) 12,023 5,168,683 40,211 20,052 20,309 5,900 8,738 16,252 202 71,453 29,998 4,609 34,607 ＄ 5,314,954	Remark
	Futures guarantee deposits receivable Futures guarantee deposits receivable Futures guarantee deposits receivable Futures guarantee deposits receivable	TWD USD JPY HKD GBP EUR RMB TWD TWD VND USD THB HKD RMB TWD USD	＄ 2,232 7,912 1,764 12 ( 21 ) 2,807 15,527,000 189 9,911 4,090 47 148	31.140 0.215 3.974 39.380 33.810 4.282 0.001 31.140 0.882 3.974 4.282 31.14

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF OTHER RECEIVABLES JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Name of Client	Description Time deposit interest Monetary incentives	Amount $ 743 14 $ 757	Remark
Interest receivable Other receivable Total

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF CHANGES IN PROPERTY, PLANT AND EQUIPMENT FOR THE SIX MONTHS ENDED JUNE 30, 2023

	FOR THE SIX MONTHS ENDED JUNE 30, 2023	FOR THE SIX MONTHS ENDED JUNE 30, 2023	FOR THE SIX MONTHS ENDED JUNE 30, 2023	FOR THE SIX MONTHS ENDED JUNE 30, 2023
Item	(Expressed in thousands of New Taiwan dollars) Beginning balance Increased Decreased Ending balance $ 8,731$ 1,494( $ 430) $ 9,795				Collateral	Remark
Computer equipment	$ 8,731	$ 1,494	( $ 430)	$ 9,795	No

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	FOR THE SIX MONTHS ENDED JUNE 30, 2023	FOR THE SIX MONTHS ENDED JUNE 30, 2023	FOR THE SIX MONTHS ENDED JUNE 30, 2023
Item	(Expressed in thousands of New Taiwan dollars) Beginningbalance Increased Decreased ($ 4,585) ($ 1,076)$ 430			Endingbalance ($ 5,231)	Remark
Computer equipment	($ 4,585)	($ 1,076)	$ 430		Note

Note: The useful lives of computer equipment are 3 to 5 years.

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF CHANGES IN INTANGIBLE ASSETS FOR THE SIX MONTHS ENDED JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Item	Beginning balance	Increased	Decreased	Ending balance	Remark
Computer software	$ 9,643	$ 1,730	( $ 2,090)	$ 9,283	Note

Note: The useful lives of Computer software are 4 years.

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF OTHER NON-CURRENT ASSETS

JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Item Operation guaranteed deposits Refundable deposits President Futures Corp. - Clearing and settlement funds Futures association Subtotal Total	Description	Amount $ 10,000 3,000 360 3,360 $ 13,360	Remark

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT JUNE 30, 2023

			JUNE 30, 2023	JUNE 30, 2023	JUNE 30, 2023	JUNE 30, 2023	JUNE 30, 2023
Name of financial instrument	Description Short Short Short Short Short Short	Shares or certificates	(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) Fair value Par value (dollar) Total amount Interest rate (%) Cost Unit price (dollars) Total amount ＄ 3 ＄ 4 7 5 837 909 683 553 102 15 243 148 ＄ 1,875 ＄ 1,634					Changes in the fair value attributable to changes in credit risk ＄ - - - - - -	Remark
							Unit price (dollars)
Options sold AJ Put TXO Call TX1 Call TX1 Put TXO Call TXO Put Total		1 1 161 179 40 70				＄ 3 7 837 683 102 243			Trade Trade Trade Trade Trade Trade
						＄ 1,875		＄ -

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF ACCOUNTS PAYABLE

JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Name of client Description Amount Remark Non-related parties: National Taxation Bureau Futures exchange tax $ 67

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF OTHER PAYABLES

JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Name of client Service charge payable Clearance fee Salaries payable Bonuses payable Others Total	Description	Amount $ 2,931 1,412 2,349 25,320 484 $ 32,496	Remark

Note: The items which amount exceed 5% of the total account amount shall be individually presented, while the others that do not meet aforementioned threshold can be collectively presented.

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF NON-CURRENT LIABILITIES

JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Item Inter-department account Total	Description Futures margin - hedged ( Futures margin – non-hedged Others	Amount $ 566,030 ) 4,807,191 1,435 $ 4,242,597	Remark

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF NET GAIN FROM DERIVATIVES FOR THE SIX MONTHS ENDED JUNE 30, 2023

(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)

Item Gain from derivatives Futures contract gain - non-hedged Futures contract gain - non-hedged Subtotal Option trading gain - non-hedged Option trading gain - non-hedged Subtotal Total Loss from derivatives Futures contract loss - non-hedged Futures contract loss - non-hedged Subtotal Option trading loss - non-hedged Option trading loss - non-hedged Subtotal Total Total	Description Realised Unrealised Realised Unrealised Realised Unrealised Realised Unrealised	Amount	Amount	Remark
		＄ 335,758 ( 6,678 ) 329,080
		97,480 ( 355 ) 97,125
			426,205
		( 270,298 ) ( 26,754)
		( 297,052)
		( 66,061 ) ( 205)
		( 66,266)
		( 363,318)
		＄ 62,887

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION, AMORTIZATION, AND OTHER OPERATING EXPENSES

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Employee benefits expense Salaries Labor and health insurance Pension Other employee benefits Depreciation expense Amortization expense Other operating expenses	Six months ended June 30,2023 $ 37,898 2,181 839 665 1,076 2,090 27,836 $ 72,585	Six months ended June 30,2022 $ 19,442 1,103 672 664 1,118 1,057 29,044 $ 53,100	Remark

Note ：

For the six months ended June 30, 2023 and 2022, the Segment had 24 and 22 employees, respectively, in which directors not concurrently serving as employees were both 0.

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES - FUTURES SEGMENT STATEMENT OF OTHER GAINS AND LOSSES

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Expressed in thousands of New Taiwan dollars)

Item Financial income Net currency exchange gain Monetary incentives from TAIFEX Others Total	Description	Amount $ 6,904 549 11,170 49 $ 18,672	Remark

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