PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY FINANCIAL

STATEMENTS AND INDEPENDENT AUDITORS’

REPORT

DECEMBER 31, 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.

~1~

INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE

PWCR23003603 To the Board of Directors and Shareholders of President Securities Corporation

Opinion

We have audited the accompanying parent company only balance sheets of President Securities Corporation (the “Company”) as at December 31, 2023 and 2022, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years than ended 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 at December 31, 2023 and 2022, and its parent company only financial performance and its parent company only cash flows for the years than ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Firms and Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants.

Basis for opinion

We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the 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.

~2~

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Company’s 2023 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

The key audit matters of the Company’s 2023 parent company only financial statements 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 at December 31, 2023, the unlisted stocks without active market held by the Company totaled 307,448 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.

~3~

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 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 at December 31, 2023, the amount was 796,561 thousand New Taiwan Dollars. Impairment assessment is based on the expected future cash flow of the investee, discounted at an appropriate discount rate, to measure the recoverable amount of the cash generating unit.

The recoverable amount of the investee is based on its expected future cash flows which involve multiple estimates and assumptions on discount rate and financial forecast. These are subjective judgements, have a high degree of uncertainties, and are material to the recoverable amount. Thus, we consider the impairment assessment of investments accounted for under the equity method as one of the matters of most significance to our audit.

~4~

How our audit addressed the matter

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

1.Obtained the impairment assessment report prepared by an external valuation expert who was commissioned by the management and reviewed the achievement of the past financial forecast to assess its execution;
2.Assessed the reasonableness of expected future cash flows, discount rate and other significant assumptions applied in the cash flow model; and
3.Inspected valuation model parameters, formula setting and the accuracy of calculation.

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 Issuers, 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,

~5~

individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.

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

Identify and assess the risks of material misstatement of the parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the parent company only financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the parent company only audit. We remain solely responsible for our audit opinion.

~6~

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 March 4, 2024

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.

~7~

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

(Expressed in thousands of New Taiwan dollars)

Assets	December31,2023 AMOUNT % `$` `3,057,640` `3` `53,186,728` `44` `3,078,680` `3` `17,395,242` `15` `1,982` `-` `1,476` `-` `9,247,169` `8` `451,397` `-` `475,705` `-` `1,475` `-` `19,083,359` `16` `4,196` `-` `44,247` `-` `14,434` `-` `1,733,992` `1` `107,777,722` `90` `59,780` `-` `307,448` `-` `7,544,462` `7` `2,460,229` `2` `126,293` `-` `184,153` `-` `229,816` `-` `129,269` `-` `1,004,224` `1` `12,045,674` `10` `$` `119,823,396` `100`	December31,2022	December31,2022
	AMOUNT `$` `3,057,640` `53,186,728` `3,078,680` `17,395,242` `1,982` `1,476` `9,247,169` `451,397` `475,705` `1,475` `19,083,359` `4,196` `44,247` `14,434` `1,733,992` `107,777,722` `59,780` `307,448` `7,544,462` `2,460,229` `126,293` `184,153` `229,816` `129,269` `1,004,224` `12,045,674` `$` `119,823,396`	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`	%
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			`4` `33` `3` `14` `-` `-` `6` `2` `5` `-` `14` `-` `-` `-` `2`
			`83`
			`-` `1` `11` `3` `-` `-` `-` `-` `2`
			`17`
			`100`

(Continued)

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

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	December31,2023 AMOUNT % `$` `6,944,759` `6` `21,130,934` `18` `10,463,828` `9` `19,140,506` `16` `921,093` `1` `1,163,504` `1` `1,632,008` `1` `860,210` `1` `17,055,597` `14` `121` `-` `612,897` `-` `2,079,118` `2` `5,224,019` `4` `232,902` `-` `55,596` `-` `76,207` `-` `87,593,299` `73` `15,507` `-` `66,037` `-` `17,915` `-` `81,146` `-` `180,605` `-` `87,773,904` `73` `14,558,313` `12` `91,261` `-` `3,959,127` `4` `9,253,546` `8` `2,752,936` `2` `1,434,309` `1` `32,049,492` `27` `$` `119,823,396` `100`	December31,2022	December31,2022
	AMOUNT `$` `6,944,759` `21,130,934` `10,463,828` `19,140,506` `921,093` `1,163,504` `1,632,008` `860,210` `17,055,597` `121` `612,897` `2,079,118` `5,224,019` `232,902` `55,596` `76,207` `87,593,299` `15,507` `66,037` `17,915` `81,146` `180,605` `87,773,904` `14,558,313` `91,261` `3,959,127` `9,253,546` `2,752,936` `1,434,309` `32,049,492` `$` `119,823,396`	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			`-` `8` `12` `10` `3` `3` `2` `-` `15` `-` `1` `2` `4` `-` `-` `-`
			`60`
			`-` `-` `-` `-`
			`-`
			`60`
			`20` `-` `5` `12` `1` `2`
			`40`
			`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 YEARS ENDED DECEMBER 31, 2023 AND 2022

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

Items YearendedDecember31
2023
2022
Notes
AMOUNT
%
AMOUNT
%
6(28)
$
2,795,316
32
$
2,382,066
45
6(29)
104,284
1
86,465
2
55,919
1
38,150
1
6(30)
2,321,554
27 (
3,250,617) (
62 )
91,731
1
88,788
2
6(31)
1,366,096
16
940,469
18
3,662,012
42
1,274,795
24
6(32)
1,746,344
20 (
916,440) (
17 )
6(33)
(
60,644 ) (
1)
482,271
9
6(34)
(
1,376,328 ) (
16)
1,381,017
26
6(35)
(
143,436 ) (
2)
-
-
(
295,958 ) (
3)
546,571
10
8,683
-
11,799
-
6(36)
(
221,645 ) (
2)
1,473,984
28
34,079
-
43,532
1
6(37)
(
1,816,523 ) (
21)
123,408
2
6(38)
(
17,076 )
-
21,973
1
6(39)
424,309
5
545,860
10
8,678,717
100
5,274,091
100
6(40)
(
410,560 ) (
5) (
364,342) (
7 )
(
8,484 )
- (
9,634)
-
6(41)
(
873,831 ) (
10) (
163,518) (
3 )
(
98 )
- (
84)
-
(
20,873 )
- (
21,420) (
1 )
(
492 )
- (
2)
-
6(42)
(
2,772,591 ) (
32) (
2,141,940) (
41 )
6(43)
(
275,701 ) (
3) (
224,108) (
4 )
6(44)
(
1,877,364 ) (
22) (
1,636,888) (
31 )
(
6,239,994 ) (
72) (
4,561,936) (
87 )
2,438,723
28
712,155
13
6(10)
455,691
5
32,394
1
6(45)
225,358
3
168,133
3
3,119,772
36
912,682
17
6(46)
(
240,821 ) (
3) (
183,314) (
3 )
$
2,878,951
33
$
729,368
14
(Continued)

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
421750
Net realized gain (loss) on financial
liabilities measured at fair value
through other comprehensive
income
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
601100
Share of the profit or loss of
associates and joint ventures
accounted for under the equity
method
602000
Other gains and losses
902001Profit before tax
701000
Income tax (expense) benefit
902005Net income

Items	YearendedDecember31 2023 2022 Notes AMOUNT % AMOUNT % 6(28) `$` `2,795,316` `32` `$` `2,382,066` `45` 6(29) `104,284` `1` `86,465` `2` `55,919` `1` `38,150` `1` 6(30) `2,321,554` `27 (` `3,250,617) (` `62 )` `91,731` `1` `88,788` `2` 6(31) `1,366,096` `16` `940,469` `18` `3,662,012` `42` `1,274,795` `24` 6(32) `1,746,344` `20 (` `916,440) (` `17 )` 6(33) `(` `60,644 ) (` `1)` `482,271` `9` 6(34) `(` `1,376,328 ) (` `16)` `1,381,017` `26` 6(35) `(` `143,436 ) (` `2)` `-` `-` `(` `295,958 ) (` `3)` `546,571` `10` `8,683` `-` `11,799` `-` 6(36) `(` `221,645 ) (` `2)` `1,473,984` `28` `34,079` `-` `43,532` `1` 6(37) `(` `1,816,523 ) (` `21)` `123,408` `2` 6(38) `(` `17,076 )` `-` `21,973` `1` 6(39) `424,309` `5` `545,860` `10` `8,678,717` `100` `5,274,091` `100` 6(40) `(` `410,560 ) (` `5) (` `364,342) (` `7 )` `(` `8,484 )` `- (` `9,634)` `-` 6(41) `(` `873,831 ) (` `10) (` `163,518) (` `3 )` `(` `98 )` `- (` `84)` `-` `(` `20,873 )` `- (` `21,420) (` `1 )` `(` `492 )` `- (` `2)` `-` 6(42) `(` `2,772,591 ) (` `32) (` `2,141,940) (` `41 )` 6(43) `(` `275,701 ) (` `3) (` `224,108) (` `4 )` 6(44) `(` `1,877,364 ) (` `22) (` `1,636,888) (` `31 )` `(` `6,239,994 ) (` `72) (` `4,561,936) (` `87 )` `2,438,723` `28` `712,155` `13` 6(10) `455,691` `5` `32,394` `1` 6(45) `225,358` `3` `168,133` `3` `3,119,772` `36` `912,682` `17` 6(46) `(` `240,821 ) (` `3) (` `183,314) (` `3 )` `$` `2,878,951` `33` `$` `729,368` `14` (Continued)
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 421750 Net realized gain (loss) on financial liabilities measured at fair value through other comprehensive income 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 601100 Share of the profit or loss of associates and joint ventures accounted for under the equity method 602000 Other gains and losses 902001Profit before tax 701000 Income tax (expense) benefit 902005Net income

~10~

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

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

Items YearendedDecember31
2023
2022
Notes
AMOUNT
%
AMOUNT
%
( $
161,720 ) (
2) $
99,796
2
6(3)
108,975
1 (
74,826) (
2 )
(
27,736 )
-
9,882
-
6(46)
32,344
- (
19,959)
-
(
59,037 ) (
1)
168,819
3
126,397
2 (
126,051) (
2)
$
19,223
-
$
57,661
1
$
2,898,174
33
$
787,029
15
6(47)
$
1.98
$
0.50
$
1.97
$
0.50

Other comprehensive income
Components of other comprehensive
income that will not be reclassified to
profit or loss
805510
Gain (loss) on remeasurements of
defined benefit plan
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
805599
Income tax (expense) benefit
relating to components of other
comprehensive income that will not
be 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)
Earnings per share
975000
Basic earnings (loss) per share (in
dollars)
985000
Diluted earnings (loss) per share (in
dollars)

Items	YearendedDecember31 2023 2022 Notes AMOUNT % AMOUNT % `( $` `161,720 ) (` `2) $` `99,796` `2` 6(3) `108,975` `1 (` `74,826) (` `2 )` `(` `27,736 )` `-` `9,882` `-` 6(46) `32,344` `- (` `19,959)` `-` `(` `59,037 ) (` `1)` `168,819` `3` `126,397` `2 (` `126,051) (` `2)` `$` `19,223` `-` `$` `57,661` `1` `$` `2,898,174` `33` `$` `787,029` `15` 6(47) `$` `1.98` `$` `0.50` `$` `1.97` `$` `0.50`
Other comprehensive income Components of other comprehensive income that will not be reclassified to profit or loss 805510 Gain (loss) on remeasurements of defined benefit plan 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 805599 Income tax (expense) benefit relating to components of other comprehensive income that will not be 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) Earnings per share 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.

~11~

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

For the year ended December 31, 2022 Balance at January 1, 2022 Net income for the year ended December 31, 2022 Other comprehensive income (loss) for the year ended December 31, 2022 Total comprehensive income (loss) Appropriations of 2021 earnings: Legal reserve Special reserve Cash dividends Balance at December 31, 2022 For the year ended December 31, 2023 Balance at January 1, 2023 Net income for the year ended December 31, 2023 Other comprehensive income (loss) for the year ended December 31, 2023 Total comprehensive income (loss) Appropriations of 2022 earnings Legal reserve Special reserve Cash dividends Balance at December 31, 2023	Notes		Commonstock		Capital reserve				Retained earnings			Otherequityinterest	Otherequityinterest		Totalequity
							Legal reserve		Special reserve		Unappropriated earnings	Exchange differences on translation of foreign financial statements	Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income
	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`	`$` `3,922,562` `729,368` `83,415` `812,783` `(` `390,101 )` `(` `776,790 )` `(` `2,751,521 )` `$` `816,933` `$` `816,933` `2,878,951` `(` `131,339 )` `2,747,612` `(` `81,278 )` `(` `162,557 )` `(` `567,774 )` `$` `2,752,936`		`($` `65,809 )` `-` `168,819` `168,819` `-` `-` `-` `$` `103,010` `$` `103,010` `-` `(` `59,037 )` `(` `59,037 )` `-` `-` `-` `$` `43,973`	`$` `1,375,310` `-` `(` `194,573 )` `(` `194,573 )` `-` `-` `-` `$` `1,180,737` `$` `1,180,737` `-` `209,599` `209,599` `-` `-` `-` `$` `1,390,336`	`$` `31,683,584` `729,368` `57,661` `787,029` `-` `-` `(` `2,751,521` `)` `$` `29,719,092` `$` `29,719,092` `2,878,951` `19,223` `2,898,174` `-` `-` `(` `567,774` `)` `$` `32,049,492`

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

~12~

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
Adjustments
Income and expenses having no effect on cash flows
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 property and equipment

(Gain) loss on disposal of investments
(Gain) loss from lease modification
(Gain) loss on valuation of non-operating financial
instruments

Changes in assets/liabilities relating to operating activities
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 Year ended December 31
Notes
2023
2022
$
3,119,772 $
912,682
6(2)(32)
(
1,746,344 )
916,440
6(34)
1,376,328 (
1,381,017 )
6(38)
17,996 (
20,627 )
6(43)
209,372
179,026
6(43)
66,329
45,082
6(41)
873,831
163,518
6(31)(45)
(
1,433,328 ) (
976,711 )
(
3,674,590 ) (
1,283,723 )
6(10)
(
455,691 ) (
32,394 )
6(12)
12
-
(
228 )
-
(
1 ) (
98 )
6(45)
(
1,891 ) (
1,575 )
(
27,416,224 )
8,353,180
(
356,049 ) (
2,259,620 )
-
27,401
(
6,880,485 )
7,830,648
92,154 (
64,206 )
70,923 (
47,466 )
(
5,152,261 ) (
2,512,915 )
708,180 (
758,558 )
2,901,925 (
1,940,335 )
(
712 ) (
293 )
(
8,795,235 )
6,452,778
521
75
(
10,593 ) (
12,595 )
(
1,784 ) (
2,352 )
136,436
6,121,892
(
68,584 )
2,365,366
12,175,082 (
2,677,616 )
(
888,263 )
606,769
(
646,458 )
250,800
(
174,583 ) (
162,616 )
591,181
171,033
6,269,564 (
6,753,787 )
92 (
452 )
(
130,621 ) (
4,996,332 )
630,524 (
1,058,011 )
2,439,933 (
2,199,053 )
4,201 (
1,088 )

(Continued)

~13~

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 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
Investments accounted for under the equity method
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
Distribution of cash dividends

Net cash flows from (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year Year ended December 31
Notes
2023
2022
( $
26,149,569 ) $
5,253,250
1,263,762
986,104
4,510,095
1,581,926
(
123,012 ) (
640,299 )
(
20,498,724 )
7,180,981
- (
656,781 )
6(11)
(
62,239 ) (
92,318 )
6(15)
(
23,205 ) (
41,626 )
(
45,245 )
65,734
(
114,974 ) (
179,610 )
61,882
-
(
183,781 ) (
904,601 )
6,669,759 (
315,000 )
15,320,000 (
2,820,000 )
(
2,470 ) (
104 )
(
68,646 ) (
67,984 )
(
812,273 ) (
147,935 )
6(28)
(
567,774 ) (
2,751,521 )
20,538,596 (
6,102,544 )
8,755 (
64,000 )
(
135,154 )
109,836
3,192,794
3,082,958
$
3,057,640 $
3,192,794

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

~14~

PRESIDENT SECURITIES CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 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 December 31, 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 1,439 and 1,463, as of December 31, 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 March 4, 2024.

APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS 1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS[®] ”) Accounting Standards 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:

the Financial Supervisory Commission (“FSC”) New standards, interpretations and amendments that came into effect and became effective from 2023 are as follows:	as endorsed by FSC
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’ Amendments to IAS 12, ‘International tax reform - pillar two model rules’	January 1, 2023 January 1, 2023 January 1, 2023 May 23, 2023

~15~

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

2) Effect of new issuances of or amendments to IFRS Accounting Standards as endorsed by the FSC but not yet adopted by the Group

New standards, interpretations and amendments endorsed by the FSC and will become effective from 2024 are as follows:

effective from 2024 are as follows:
	Effective date by
	International
	Accounting
New Standards, Interpretations and Amendments	Standards Board
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’	January 1, 2024
Amendments to IAS 1,‘Classification of liabilities as current or non-	January 1, 2024
current’
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

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

3) IFRS Accounting Standards issued by IASB but not yet endorsed by the FSC

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

New Standards,Interpretations and Amendments Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ IFRS 17, ‘Insurance contracts’ Amendments to IFRS 17,‘Insurance contracts’ Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 – comparative information’ Amendments to IAS 21, ‘Lack of exchangeability’	Effective date by International Accounting Standards Board
	To be determined by International Accounting Standards Board January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2025

New Standards,Interpretations and Amendments
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets
between an investor and its associate or joint venture’
IFRS 17, ‘Insurance contracts’
Amendments to IFRS 17,‘Insurance contracts’
Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 –
comparative information’
Amendments to IAS 21, ‘Lack of exchangeability’

Effective date by
International
Accounting
Standards Board

To be determined by
International
Accounting Standards Board
January 1, 2023
January 1, 2023
January 1, 2023
January 1, 2025

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

~16~

“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.
- (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.

~17~

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 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 maturing within one year that meet the definition above and are held for the purpose of meeting short-term cash commitments in operations are classified as cash equivalents.

~18~

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.
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.

~19~

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 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.

~20~

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 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 all changes 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

~21~

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 reports 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 financial reports prepared on a consolidated basis, and the owners' equity presented in the parent company only financial reports shall be the same as the equity attributable to owners of the parent presented in the financial reports prepared on a consolidated basis.
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.

~22~

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:

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 Company. 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 Company 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.

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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 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

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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.
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.

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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 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.
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.

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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.
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) and does not give rise to equal taxable and deductible temporary differences. 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

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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.

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 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

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

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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
Checking deposits Current deposits: Deposits denominated in NTD Deposits denominated in foreign currencies Time deposits Total	December 31, 2023 605,453 $ 533,136 657,601 1,261,450 3,057,640 $	December 31,2022
		497,806 $ 318,771 1,154,652 1,221,565 3,192,794 $

As of December 31, 2023 and 2022, the annual interest rates of time deposits, including foreign time deposits were 0.555% ~ 5.500%, and 0.335% ~ 5.150%, respectively.

2) Financial assets at fair value through profit or loss

			December 31,2023		December 31,2022
Current items:
Financial assets mandatorily measured at fair value
through profit or loss:
Security lending
Security lending		$	89,389	$	208
Adjustment of security lending	(		1,613)	(	45)
Subtotal Open-ended funds, money market instruments and			87,776		163
securities investment by brokers
Open-ended mutual funds beneficiary certificates			125,000		106,313
Adjustment of open-ended funds, money
market instruments and securities investment
by brokers			3,836	(	3,084)
Total			128,836		103,229

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Trading securities-dealer
Listed (TSE and OTC) stocks
Government bonds
Corporate bonds
Convertible corporate bonds
Emerging stocks
Overseas stocks
Exchange-traded funds
Unlisted stocks
Subtotal
Adjustment of trading securities - dealer
Total
Trading securities-underwriter
Listed (TSE and OTC) stocks
Convertible corporate bonds
Subtotal
Adjustment of trading securities - underwriter
Total
Trading securities-hedging
Listed (TSE and OTC) stocks
Convertible corporate bonds
Corporate bonds
Warrants
Overseas stocks
Exchange traded funds
Subtotal
Adjustment of trading securities - hedging
Total
Options bought-futures
Futures guarantee deposits receivable
Derivative financial instrument assets-OTC
Total
Non-current items:
Financial assets mandatorily measured at
fair value through profit or loss:
Trading securities - dealer - government bonds
Unlisted stocks
Subtotal
Adjustment of trading securities
Total

December 31,2023
December 31,2022
6,431,803
$ 2,701,353
$ 1,693,534
850,036
4,054,695
1,575,767
1,358,491
487,753
245,069
140,220
12,233,618
3,760,350
2,572,774
2,375,510
2,052
2,042
28,592,036
11,893,031
722,972
34,500)
(
29,315,008
11,858,531
95,604
2,122
602,696
728,535
698,300
730,657
175,242
58,520
873,542
789,177
8,028,344
2,758,422
9,315,389
3,371,436
100,000
-
15,694
24,283
104,122

190,309
15,141

7,320
17,578,690
6,351,770
527,952
287,674)
(
18,106,642

6,064,096
91
8,893
4,674,005
5,186,074
829
5,037
53,186,728
$ 24,015,200
$ December 31,2023
December 31,2022
49,829
$ 49,779
$ 435
2,609
50,264
52,388
9,516
13,995
59,780
$ 66,383
$

a. For the years ended December 31, 2023 and 2022, net realized and unrealized gains (losses) on financial assets and liabilities at fair value through profit or loss amounted to $305,438 and ($148,007), 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.

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

3) Financial assets at fair value through other comprehensive income

Current items: Equity instruments Trading securities-dealer Listed (TSE and OTC) stocks Adjustment of trading securities - dealer Subtotal Debt instruments Trading securities-dealer Overseas bonds Adjustment of trading securities - dealer Subtotal Total Non-current items: Equity instruments Unlisted stocks Adjustment of trading securities Total	December 31,2023 December 31,2022 189,812 $ 189,812 $ 205,719 109,338 395,531 299,150 2,681,326 2,317,088 1,823 118,456) ( 2,683,149 2,198,632 3,078,680 $ 2,497,782 $ December 31,2023 December 31,2022 6,449 $ 6,449 $ 300,999 288,406 307,448 $ 294,855 $

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 $702,979 and $594,005 as at December 31, 2023 and 2022, respectively.

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 $702,979 and $594,005 as at December 31, 2023 and 2022, respectively.	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 $702,979 and $594,005 as at December 31, 2023 and 2022, respectively.	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 $702,979 and $594,005 as at December 31, 2023 and 2022, respectively.	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 $702,979 and $594,005 as at December 31, 2023 and 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 Year ended December 31,2023 Year ended December 31,2022 Fair value change recognized in other comprehensive income 108,975 $ 74,826) ($ Dividend income recognised in profit or loss Held at end of period 14,379 $ 14,439 $ Debt instruments at fair value through other comprehensive income Year ended December 31,2023 Year ended December 31,2022 Fair value change recognized in other comprehensive income 126,397 $ 126,051) ($ Cumulative other comprehensive income reclassified to profit or loss Interest income recognized in profit or loss 95,230 $ 26,163 $
	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	108,975 $ 14,379 $ Year ended December 31,2023	74,826) ($ 14,439 $ Year ended December 31,2022
	Fair value change recognized in other comprehensive income Cumulative other comprehensive income reclassified to profit or loss Interest income recognized in profit or loss	126,397 $ 95,230 $	126,051) ($ 26,163 $

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
	December 31,2023		December 31,2022
Accounts receivable - related parties	$	4,196	$	4,717
Accounts receivable - non related parties
Settlement price receivable-brokers	$	13,698,197	$	8,317,064
Settlement price receivable-dealer		1,473,114		87,067
Settlement price receivable-foreign bonds		916,071		757,711
Spot exchange receivable, foreign currencies		37,393		47,624
Interest receivable		478,227		315,061
Settlement price		1,780,200		438,735
Others		700,798		167,152
Subtotal		19,084,000		10,130,414
Less: Allowance for uncollectible accounts	(	641)	(	659)
Total	$	19,083,359	$	10,129,755

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				December 31,2023				Total
	Upto 30 days	31 to 90 days		91 to 180 days	181 days to 12 months	More than 12 months
	3,767 $ 18,623,460 18,627,227 $		429 $ 119,962 120,391 $	- $ - $ 151,182 122,488 151,182 $ 122,488 $ December 31,2022			- $ 66,908 66,908 $	4,196 $ 19,084,000 19,088,196 $ Total
	Upto 30 days	31 to 90 days		91 to 180 days	181 days to 12 months	More than 12 months
	4,717 $ 9,825,908 9,830,625 $		- $ 46,581 46,581 $	- $ 52,096 52,096 $	- $ 95,860 95,860 $		- $ 109,969 109,969 $	4,717 $ 10,130,414 10,135,131 $

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

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

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6) Other receivables

Interest receivable Others Total	December 31,2023 December 31,2022 7,029 $ 11,035 $ 7,405 5,621 14,434 $ 16,656 $

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	December 31,2023 282,289 $ 400,000 47,264 90,245 860,210 53,984 1,733,992 $	December 31,2022
		113,139 $ 400,000 808,290 249,404 269,029 30,566
		1,870,428 $

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:
December31,2023
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	Carrying amount of related financial liabilities
	17,723,768 $ 2,651,447	16,573,700 $ 2,566,806

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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 December31,2022	Carrying amount of related financial liabilities
	4,738,787 $ 2,226,637

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

==> picture [663 x 174] intentionally omitted <==

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

December 31, 2023
Not set off in the balance sheet
Gross amounts Gross amounts of recognised Net amounts of financial
of recognised financial liabilities assets presented Financial Cash collateral
Description financial assets set off in the balance sheet in the balance sheet instruments received Net amount
Derivative financial instruments $ 829 $ - $ 829 $ 829 $ - $ -
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 $ - $ -
----- End of picture text -----

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(2) Financial liabilities

December 31, 2023

		December 31,2023
Derivative financial instruments Bonds sold under repurchase agreements Total Description	Gross amounts of recognised financial liabilities	- $ 33,039 $ - 13,998,281 - $ 14,031,320 $ 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 829 $ - $ 13,998,281 - 13,999,110 $ - $ Not set off in the balance sheet	Net amount
			Financial instruments
	33,039 $ 13,998,281 14,031,320 $		829 $ 13,998,281 13,999,110 $	32,210 $ -
				32,210 $

		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 $

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10) Investments accounted for under the equity method

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.	December 31,2023 2,699,883 $ 810,334 - - 310,452 65,304 246,211 4,132,184 796,561 2,615,717 7,544,462 $	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 $

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 years ended December 31, 2023 and 2022 were $455,691 and $32,394, 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 19 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	of the associate that are	material to the	Company	is as follows:
	Principal place			Nature of	Methods of
Companyname	of businesss	Shareholdingratio		relationship	measurement
		December 31,	December 31,
		2023	2022
Uni-President Asset Management Corp.	Taipei city	42.46%	42.46%	Associate	Equity method
Jin Yuan President Securities Co., Ltd. (Note)	Xiamen	49%	49%	Associate	Equity method

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

follows: Balance sheet
Current assets Non-current assets Current liabilities Non-current liabilities Total net assets Share in associate's net assets Goodwill and others Carrying amount of the associate Current assets Non-current assets Current liabilities Non-current liabilities Total net assets Share in associate's net assets Carrying amount of the associate Statement of comprehensive income Revenue: Profit for the period from continuing operations Other comprehensive income (loss)- net of tax Total comprehensive income (loss) Dividends received from associates Revenue: Loss for the period from continuing operations Total comprehensive loss	December 31,2023 December 31,2022 1,132,776 $ 944,707 $ 822,436 784,976 443,166) ( 334,677) ( 58,583) ( 57,145) ( 1,453,463 $ 1,337,861 $ 617,189 $ 568,101 $ 179,372 179,372 796,561 $ 747,473 $ December 31, 2023 December 31,2022 5,641,883 $ 6,937,077 $ 243,503 233,398 487,824) ( 1,491,521) ( 59,363) ( 38,100) ( 5,338,199 $ 5,640,854 $ 2,615,717 $ 2,764,018 $ 2,615,717 $ 2,764,018 $ Uni-President Asset Management Corp. Jin Yuan President Securities Co.,Ltd. Year ended December 31, 2023 Year ended December 31,2022 1,589,484 $ 1,269,129 $ 526,229 $ 435,683 $ 15,577) ( 4,577 510,652 $ 440,260 $ 167,751 $ 199,648 $ Year ended December 31,2023 Year ended December 31,2022 462,028 $ 119,529 $ 212,561) ($ 577,258) ($ 212,561) ($ 577,258) ($ Uni-President Asset Management Corp. Jin Yuan President Securities Co.,Ltd.
		Year ended December 31,2023
	462,028 $ 212,561) ($ 212,561) ($		119,529 $ 577,258) ($ 577,258) ($

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11) Property and equipment

) Property and equipment
January1		Year ended December 31,2023
	Land	Buildings		Equipment	Leasehold improvements	Total
Cost Accumulated depreciation and impairment Total January 1 Additions Disposal Reclassifications Depreciation December 31, 2023 December 31,2023	1,573,570 $ - 1,573,570 $ 1,573,570 $ - - 57,922 - 1,631,492 $ Land	1,050,881 $ 478,762) ( 572,119 $ 572,119 $ 670 - 25,340 37,701) ( 560,428 $ Buildings		374,947 $ 115,969) ( 258,978 $ 258,978 $ 60,221 12) ( 37,079 95,144) ( 261,122 $ Equipment	22,559 $ 14,116) ( 8,443 $ 8,443 $ 1,348 - 681 3,285) ( 7,187 $ Leasehold improvements	3,021,957 $ 608,847) ( 2,413,110 $ 2,413,110 $ 62,239 12) ( 121,022 136,130) ( 2,460,229 $ Total
Cost Accumulated depreciation and impairment Total January1	1,631,492 $ - 1,631,492 $	1,087,437 $ 442,860 $ 16,486 $ 527,009) ( 181,738) ( 9,299) ( 560,428 $ 261,122 $ 7,187 $ Year ended December 31,2022				3,178,275 $ 718,046) ( 2,460,229 $
	Land		Buildings	Equipment	Leasehold improvements		Total
Cost Accumulated depreciation and impairment Total January 1 Additions Reclassification Depreciation December 31, 2022 December 31,2022	1,573,570 $ - 1,573,570 $ 1,573,570 $ - - - 1,573,570 $ Land	1,022,169 $ 450,583) ( 571,586 $ 571,586 $ 2,015 34,027 35,509) ( 572,119 $ Buildings		212,540 $ 93,913) ( 118,627 $ 118,627 $ 88,922 118,345 66,916) ( 258,978 $ Equipment	17,818 $ 10,331) ( 7,487 $ 7,487 $ 1,381 3,360 3,785) ( 8,443 $ Leasehold improvements	2,826,097 $ 554,827) ( 2,271,270 $ 2,271,270 $ 92,318 155,732 106,210) ( 2,413,110 $ Total
Cost Accumulated depreciation and impairment Total	1,573,570 $ - 1,573,570 $	1,050,881 $ 478,762) ( 572,119 $		374,947 $ 115,969) ( 258,978 $	22,559 $ 14,116) ( 8,443 $	3,021,957 $ 608,847) ( 2,413,110 $

A. No interest was capitalized for property and equipment for the years ended December 31, 2023 and 2022.

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

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`－` 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 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		December 31,2023 CarryingAmount 109,330 $ 12,975 3,988 126,293 $ Year ended December 31,2023		December 31,2022 CarryingAmount 135,919 $ 13,098 6,078 155,095 $ Year ended December 31,2022
		Depreciation charge		Depreciation charge
		63,437 $ 5,535 2,226 71,198 $		63,056 $ 5,495 2,165 70,716 $

C. For the years ended December 31, 2023 and 2022, the additions to right-of-use assets amounted to $42,469 and $44,048, 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	Year ended December 31,2023 Year ended December 31, 2022 990 $ 1,131 $ 7,541 4,241 116 100

E. For the years ended December 31, 2023 and 2022, the Company’s total cash outflow for leases amounted to $77,293 and $73,456, 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 years ended December 31, 2023 and 2022, the Company recognized rent income in the amount of $21,926 and $24,436, respectively, based on the operating lease agreement, which does not include variable lease payments.

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

2023		$	December 31,2023 -	$	December 31,2022 24,585
2024			6,390		10,547
2025			2,564		-
2026			2,528		-
2027			2,420		-
After	2028		1,637		-
Total		$	15,539	$	35,132

14) Investment property

) Investment property
January1		Year ended December 31,2023
	Land Buildings Total 198,099 $ 107,076 $ 305,175 $ - 38,873) ( 38,873) ( 198,099 $ 68,203 $ 266,302 $ 198,099 $ 68,203 $ 266,302 $ 57,923) ( 22,182) ( 80,105) ( - 2,044) ( 2,044) ( 140,176 $ 43,977 $ 184,153 $ Land Buildings Total 140,176 $ 72,533 $ 212,709 $ - 28,556) ( 28,556) ( 140,176 $ 43,977 $ 184,153 $ Year ended December 31,2022
Cost Accumulated depreciation and impairment Total January 1 Reclassifications Depreciation December 31 December 31
Cost Accumulated depreciation and impairment Total January1
		Land Buildings Total 198,099 $ 107,076 $ 305,175 $ - 36,773) ( 36,773) ( 198,099 $ 70,303 $ 268,402 $ 198,099 $ 70,303 $ 268,402 $ - 2,100) ( 2,100) ( 198,099 $ 68,203 $ 266,302 $ Land Buildings Total 198,099 $ 107,076 $ 305,175 $ - 38,873) ( 38,873) ( 198,099 $ 68,203 $ 266,302 $
Cost Accumulated depreciation and impairment Total January 1 Depreciation December 31 December 31
Cost Accumulated depreciation and impairment Total

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A. For the years ended December 31, 2023 and 2022, rental income from the lease of the investment property were $13,189 and $16,661, respectively, and direct operating expenses arising from the investment property were $3,550 and $3,667, respectively.
B. Details of fair value of investment property are provided in Note 12(5).
15) Intangible assets

January1			Year ended December 31,2023	Year ended December 31,2023
	Computer software		Goodwill
Cost Accumulated amoritization and impairment Total January 1 Additions Reclassifications Amortization December 31 December 31	215,358 $ 70,012) ( 145,346 $ 145,346 $ 23,205 85,547 66,311) ( 187,787 $ Computer software		42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $ Goodwill
Cost Accumulated amoritization and impairment Total January1	310,088 $ 122,301) ( 187,787 $
		Computer software	Goodwill	Customer relationships and others Total 54,260 $ 243,212 $ 54,199) ( 97,522) ( 61 $ 145,690 $ 61 $ 145,690 $ - 41,626 - 45,159 18) ( 45,082) ( 43 $ 187,393 $
Cost Accumulated amoritization and impairment Total January 1 Additions Reclassifications Amortization December 31	146,948 $ 43,323) ( 103,625 $ 103,625 $ 41,626 45,159 45,064) ( 145,346 $		42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $

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December 31 Cost Accumulated amoritization and impairment Total	Computer software 215,358 $ 70,012) ( 145,346 $	Goodwill Customer relationships and others Total 42,004 $ 54,260 $ 311,622 $ - 54,217) ( 124,229) ( 42,004 $ 43 $ 187,393 $

A. No interest was capitalized for intangible assets for the years ended December 31, 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:
Brokerage Segment Year ended December 31, 2023 Growth rate 0.00% Discount rate 12.68%		Brokerage Segment Year ended December 31,2022
		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

Operation guaranteed deposits Clearing and settlement fund Refundable deposits Net defined benefit assets Prepayment for equipment Overdue receivables Others Subtotal Less: Allowance for uncollectible accounts Total	December 31,2023 505,000 $ 197,244 253,977 - 45,503 1,965 2,500 1,006,189 1,965) ( 1,004,224 $	December 31,2022 505,000 $ 214,883 216,519 75,993 56,993 8,224 2,500 1,080,112 8,224) ( 1,071,888 $

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17) Short-term loans

17) Short-term loans
		December 31,2023		December 31,2022
Unsecured loans	$	6,944,759	$	275,000
As of December 31, 2023 and 2022, the interest	rates of short-term loans,		including foreign interest
rates were 1.650% ~ 5.910% and 1.700% respectively.
18) Commercial papers payable
		December 31,2023		December 31,2022
Face value	$	21,150,000	$	5,830,000
Less: Discount on commercial papers payable	(	19,066)	(	2,569)
Total	$	21,130,934	$	5,827,431

December 31,2023 December 31,2022 Face value 21,150,000 $ 5,830,000 $ Less: Discount on commercial papers payable 19,066) ( 2,569) ( Total 21,130,934 $ 5,827,431 $	December 31,2023 December 31,2022 Face value 21,150,000 $ 5,830,000 $ Less: Discount on commercial papers payable 19,066) ( 2,569) ( Total 21,130,934 $ 5,827,431 $	December 31,2023 December 31,2022 Face value 21,150,000 $ 5,830,000 $ Less: Discount on commercial papers payable 19,066) ( 2,569) ( Total 21,130,934 $ 5,827,431 $	December 31,2023 December 31,2022 Face value 21,150,000 $ 5,830,000 $ Less: Discount on commercial papers payable 19,066) ( 2,569) ( Total 21,130,934 $ 5,827,431 $	December 31,2023 December 31,2022 Face value 21,150,000 $ 5,830,000 $ Less: Discount on commercial papers payable 19,066) ( 2,569) ( Total 21,130,934 $ 5,827,431 $
As of December 31, 2023 and 2022,the interest rates of commercial papers, including foreign interest
rates were 1.460% ~ 1.580% and 1.250% ~ 1.400%, respectively.
19) Financial liabilities at fair value through profit or loss-current
		December 31,2023		December 31,2022
Liabilities on sale of borrowed securities
- hedged	$	490,037	$	1,769,451
Valuation adjustment on liabilities on sale
of borrowed securities - hedged		27,380	(	47,847)
Liabilities on sale of borrowed securities
- non-hedged		5,270,361		6,668,328
Valuation adjustment on liabilities on sale
of borrowed securities - non-hedged		389,037	(	912,064)
Subtotal		6,176,815		7,477,868
Issuance of call ( put ) warrants		14,926,912		8,388,823
Gain on price fluctuation	(	2,567,109)	(	3,700,001)
Market value (A)		12,359,803		4,688,822
Warrants redeemed	(	13,268,465)	(	6,461,030)
Loss on price fluctuation		1,944,352		2,084,404
Market value (B)	(	11,324,113)	(	4,376,626)
Warrants - net (A+B)		1,035,690		312,196
Options sold - TAIFEX		2,187		2,734
Outstanding Liability for Issuance of ETNs		492,775		971,128
Valuation adjustment on outstanding
Liability for Issuance of ETNs		59,115	(	198,830)
Subtotal		551,890		772,298
Derivative financial liabilities - OTC		2,697,246		590,988
Total	$	10,463,828	$	9,156,084

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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

date of issuance. The issuer has the option to settle either by cash or stock Bonds sold under repurchase agreements	delivery.
December 31, 2023 Government bonds 1,673,927 $ Corporate bonds 3,738,850 Bank debentures 100,000 International bonds 664,516 Foreign bonds 12,963,213 Total 19,140,506 $	December 31, 2022
	919,875 $ 1,001,131 100,408 225,167 4,718,843
	6,965,424 $

The above bonds sold under repurchase agreements as of December 31, 2023 and 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 $19,322,093 and $7,016,989, respectively, and the annual interest rates in every currency were shown as follows:

Currency December 31, 2023 December 31, 2022 NTD 0.97%~1.41% 0.72%~1.22% Foreign currencies (Note) 2.20%~5.80% 1.40%~4.80% 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	December 31,2023 14,683,802 $ 838,340 244,238 977,154 37,386 274,677 17,055,597 $	December 31,2022
		7,622,204 $ 1,252,785 935,022 703,424 47,566 169,644
		10,730,645 $

22) Other payables

Other payables
Salary and bonus payable Employees’and directors’remuneration payable Others Total	December 31,2023 1,270,266 $ 124,740 684,112 2,079,118 $	December 31,2022
		858,972 $ 38,028 546,038
		1,443,038 $

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23) Other financial liabilities - current

Other financial liabilities-current
	December 31,2023	December 31,2022
Principal guaranteed notes (PGN) - fixed income	5,224,019 $	2,784,086 $

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

Guarantee deposits received Net defined benefit obligation Total	December 31, 2023 December 31, 2022 20,845 $ 23,315 $ 60,301 - 81,146 $ 23,315 $

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 4.8% 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)The amounts recognized in the balance sheet are as follows:

		December 31,2023		December 31,2022
Net present value of defined benefit liabilities	$	829,661	$	691,054
Fair value of plan assets	(	769,360)	(	767,047)
Net defined benefit (assets) liabilities	$	60,301	($	75,993)

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(C)Movements in net defined benefit liabilities (assets) are as follows

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

Present value of Net defined
defined benefit Fair value of benefit
Year ended December 31, 2023 obiligations plan assets liabilities(assets)
Balance at January 1 $ 691,054 ($ 767,047) ($ 75,993)
Current service cost 1,286 - 1,286
Interest expense (income) 9,675 ( 10,738) ( 1,063)
702,015 ( 777,785) ( 75,770)
Remeasurements:
Return on plan assets (excluding amounts -
( 658) ( 658)
included in interest income or expense)
-
Change in financial assumptions 11,155 11,155
Experience adjustments 151,223 - 151,223
162,378 ( 658) 161,720
Pension fund contribution - ( 25,649) ( 25,649)
Paid pension ( 34,732) 34,732 -
( 34,732) 9,083 ( 25,649)
Balance at December 31 $ 829,661 ($ 769,360) $ 60,301
Present value of Net defined
defined benefit Fair value of benefit
Year ended December 31, 2022 obiligations plan assets liabilities(assets)
Balance at January 1 $ 815,551 ($ 757,220) $ 58,331
Current service cost 3,336 - 3,336
Interest expense (income) 4,077 ( 3,786) 291
822,964 ( 761,006) 61,958
Remeasurements:
Return on plan assets (excluding amounts -
( 44,448) ( 44,448)
included in interest income or expense)
-
Change in financial assumptions ( 2,457) ( 2,457)
Experience adjustments ( 52,891) - ( 52,891)
( 55,348) ( 44,448) ( 99,796)
Pension fund contribution - ( 38,155) ( 38,155)
Paid pension ( 76,562) 76,562 -
( 76,562) 38,407 ( 38,155)
Balance at December 31 $ 691,054 ($ 767,047) ($ 75,993)
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(D)The Bank of Taiwan was commissioned to manage the Fund of the Company’s defined benefit pension plan in accordance with the Fund’s annual investment and utilization plan and “Regulations for Revenues, Expenditures, Safeguard and Utilization of the Labor Retirement Fund” (Article 6: The scope of utilization for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products,etc.). With regard to the utilization of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator.The Company has no right to participate in managing and operating that fund and hence the Company is unable to disclose the classification of plan asset fair value in accordance with IAS19 paragraph 142. The composition of fair value of plan assets as of December 31, 2023 and 2022 is given in the Annual Labor Retirement Fund Utilization Report published by the government. In addition, for retirement fund deposits with Cathy United Bank, under the name of the

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management committee of employees’ retirement fund, the fund invests in time deposit accounts under Cathy United Bank.

(E) The principal actuarial assumptions used were as follows:

	Year ended December 31,2023	Year ended December 31,2022
Discount rate	1.2%	1.4%
Future salary increases	3.5%	3.5%

Assumptions regarding future mortality rate are set based on the Taiwan Standard Ordinary Experience Mortality Table (2021) for the years ended December 31, 2023 and 2022. Because the main actuarial assumption changed, the present value of defined benefit obligation is affected. The analysis was as follows:

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Discount rate Future salary increases
December 31, 2023 Increase 0.25% Decrease 0.25% Increase 0.25% Decrease 0.25%
Effect on present value of
($ 13,908) $ 14,277 $ 11,904 ($ 11,676)
defined benefit obligation
December 31, 2022
Effect on present value of
($ 13,027) $ 13,399 $ 11,397 ($ 11,157)
defined benefit obligation
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(F) Pension fund contribution plans to pay $25,307 for the year ended December 31, 2024.
B. Defined contribution plans:

Effective from July 1, 2005, the Company established a defined contribution plan pursuant to the “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 years ended December 31, 2023 and 2022 were $69,759 and $71,705, respectively.

26) Equity

A. Common stock

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

B. Capital reserve

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

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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 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

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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:

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

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.
E. The earnings distribution for 2023 as resolved by the Board of Directors on March 4, 2024 is set forth below:

Set aside statutory surplus reserve Provision of special surplus reserve Cash dividend		Year ended December 31,2023	Year ended December 31,2023
		Amount	Dividends per share (in dollars)
		274,761 $ 549,523 1,921,697 2,745,981 $	1.32 $

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28) Brokerage handling fee revenue

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

	Year ended		Year ended
December 31,2023		December 31, 2022
$	1,954,298	$	1,706,009
	666,523		559,912
	174,495		116,145
$	2,795,316	$	2,382,066

29) Revenues from underwriting business

Revenues from underwriting business
Net gain (loss) on sale of trading securities Revenues from underwriting securities on a firm commitment basis Others Total Dealers: -TAIEX -OTC -Overseas trading Subtotal Underwriters: -TAIEX -OTC Subtotal Hedging: -TAIEX -OTC -Overseas trading Subtotal Total	Year ended December 31, 2023		Year ended December 31, 2022
	49,979 $ 54,305 104,284 $ Year ended December 31,2023		54,137 $ 32,328 86,465 $ Year ended December 31,2022
	1,628,603 $ 313,461 19,264 1,961,328 8,417 126,471 134,888 84,153) ( 300,284 9,207 225,338 2,321,554 $	1,366,791) ($ 158,417) ( 292,703) ( 1,817,911) ( 22,207 36,833 59,040 1,207,720) ( 282,485) ( 1,541) ( 1,491,746) ( 3,250,617) ($

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

~52~

31) Interest revenue

32)

Net valuation gain (loss) on trading securities at fair value through profit or loss
Year ended
December 31,2023
Year ended
December 31, 2022
Interest income from margin loans
712,126
$ 737,137
$ Interest income from bonds
504,694
149,628
Others
149,276

53,704

Total
1,366,096
$
940,469
$ Year ended
December 31, 2023
Year ended
December 31, 2022
Gain (loss) on sale of securities - dealer
813,996
$ 261,290)
($ Gain (loss) on sale of securities - underwriting
116,722

62,951)
(
Gain (loss) on sale of securities - hedging
815,626
592,199)
(
Total
1,746,344
$ 916,440)
($

Gain (loss) on sale of securities - dealer
Gain (loss) on sale of securities - underwriting
Gain (loss) on sale of securities - hedging
Total

33) Net gain (loss) on covering of borrowed securities and bonds with resale agreements - short sales

34) 35)	Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair Year ended December 31, 2023 Year ended December 31,2022 Gain (loss) from the bond investments under resale agreements $ - $ 103 Gain (loss) from securities borrowing transactions ( 53,396) 319,042 Gain (loss) from covering ( 7,248) 163,126 Total 60,644) ($ 482,271 $	Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair Year ended December 31, 2023 Year ended December 31,2022 Gain (loss) from the bond investments under resale agreements $ - $ 103 Gain (loss) from securities borrowing transactions ( 53,396) 319,042 Gain (loss) from covering ( 7,248) 163,126 Total 60,644) ($ 482,271 $		Year ended December 31,2022
	value through profit or loss Net realized gain (loss) on financial liabilities measured at fair value through other comprehensive Year ended December 31,2023 Year ended December 31,2022 Valuation gain (loss) from securities borrowing transactions 1,309,405) ($ 1,324,819 $ Valuation gain (loss) from covering 66,923) ( 56,198 Total 1,376,328) ($ 1,381,017 $	Year ended December 31,2023		Year ended December 31,2022
	income

Foreign bonds

Year ended December 31,2023		Year ended December 31,2022
143,436) ($		- $

~53~

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

Net gain (loss) from issuance of call (put) warrants
Year ended December 31,2023 Net gain (loss) on changes in fair value of call (put) warrant liabilities and redemption 213,817 $ Net gain (loss) on exercise of call (put) warrants before maturity 77,000) ( Expenses arising out of issuance of call (put) warrants 358,462) ( Total 221,645) ($	Year ended December 31,2022
	1,807,278 $ 131,769) ( 201,525) ( 1,473,984 $

37) Net gain (loss) from derivatives

Futures contract gain (loss) Option trading gain (loss) OTC option trading gain (loss) Net gain (loss) on foreign exchange derivatives Asset SWAP Others Total	Year ended December 31,2023 Year ended December 31, 2022 1,406,450) ($ 80,486) ($ 146,970 154,592 411,351) ( 16,713 82,302 25,695 100,497) ( 39,382 127,497) ( 32,488) ( 1,816,523) ($ 123,408 $

38) Expected credit impairment loss and reversal of impairment gain

Impairment (loss) and reversal of impairment gain Recovery of bad debt Total	Year ended December 31,2023		Year ended December 31,2022
	17,996) ($ 920 17,076) ($		20,627 $ 1,346 21,973 $

39) Other operating income

Other operating income
Income from securities lending Net currency exchange gain (loss) Handling fee revenues from funds Others Total	Year ended December 31,2023		Year ended December 31,2022
	389,677 $ 58,047) ( 83,193 9,486 424,309 $		370,505 $ 106,384 67,176 1,795 545,860 $

~54~

40) Handling charges

Handling charges
		Year ended		Year ended
	December 31, 2023		December 31,2022
Brokerage handling fee expense	$	266,901	$	226,837
Dealer handling fee expense		141,739		134,823
Refinancing processing fee expense		1,920		2,682
Total	$	410,560	$	364,342

41) Financial costs

Financial costs
Interest expense from repurchase agreements Loans interest expense Other interest expense Total		Year ended December 31,2023 Year ended December 31,2022 417,306 $ 62,250 $ 407,662 68,421 48,863 32,847 873,831 $ 163,518 $

42) Employee benefits expense

Employee benefits expense
Salaries Labor and health insurance Pension Other employee benefits Total		Year ended December 31,2023 2,458,225 $ 140,343 69,982 104,041 2,772,591 $	Year ended December 31, 2022
			1,802,901 $ 146,112 75,332 117,595 2,141,940 $

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 years ended December 31, 2023 and 2022, employees’ compensation was accrued at $62,370 and $19,014, respectively; directors’ remuneration was accrued at $62,370 and $19,014, respectively. The aforementioned amounts were recognized in salary expenses.
C. For the year ended December 31, 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.

~55~

43) Depreciation and amortization

43)	Depreciation and amortization
44) 45) 46)	Other operating expenses Other gains and losses Income tax A. Income tax expense (a)Components of income tax expense: Depreciation Amortization Total Taxes Security lending expenses Computer information expenses TDCC service fee Professional service fee Postage Others Total Financial income Net gain (loss) on disposal of investments Net gain (loss) on valuation of non-operating financial instruments Other non-operating revenues Total Current tax: Current tax on profits for the periods Prior year income tax underestimation (overestimation) Tax on undistributed surplus earnings Total current tax Deferred taxes: Origination and reversal of temporary differences Total deferred taxes Income tax expense		Year ended December 31,2023 209,372 $ 66,329 275,701 $ Year ended December 31,2023		Year ended December 31, 2022
					179,026 $ 45,082 224,108 $ Year ended December 31, 2022 704,090 $ 243,737 129,866 81,298 84,239 80,012 313,646 1,636,888 $ Year ended December 31,2022
			865,266 $ 225,029 164,216 96,964 85,232 81,175 359,482 1,877,364 $ Year ended December 31,2023
			67,232 $ 3,880 1,891 152,355 225,358 $ Year ended December 31,2023	36,242 $ 8,167) ( 1,575 138,483 168,133 $ Year ended December 31,2022
		252,292 $ 24,868) ( 59 227,483 13,338 13,338 240,821 $			136,292 $ 3,762 - 140,054 43,260 43,260 183,314 $

~56~

(b)The income tax expense relating to components of other comprehensive income is as follows:

he income tax expense relating to components	of other comprehensive	income is as follows:
	Year ended	Year ended
	December 31,2023	December 31,2022
Remeasurement of defined benefit obligations	32,344) ($	19,959 $

B. Reconciliation between income tax expense and accounting profit

		Year ended		Year ended
	December 31,2023		December 31, 2022
Tax calculated based on profit before tax and
statutory tax rate	$	623,954	$	182,538
Expenses disallowed by tax regulation	(	117,780)	(	132,746)
Prior year income tax overestimation	(	24,868)		3,762
Tax exempt income by tax regulation	(	240,544)		129,760
Tax on undistributed surplus		59		-
Income tax expense	$	240,821	$	183,314

C. Amounts of deferred tax assets or liabilities as a result of temporary differences, tax losses and investment tax credits are as follows:

Deffered tax assets: Temporary differences: Valuation loss from financial instruments Pension Other Subtotal Deffered tax liabilities: Temporary differences: Valuation gain from financial instruments Unrealised exchange gain Other Subtotal Total			Year ended December 31,2023	Year ended December 31,2023	Year ended December 31,2023
		January1	Recognized in profit or loss		Recognized in other comprehensive income		December 31
	7,341 $ 92,795 3,529 103,665 $ - $ 9,747) ( 1,570) ( 11,317) ($ 92,348 $		7,341) ($ - 601 6,740) ($ 10,526) ($ 2,358 1,570 6,598) ($ 13,338) ($		- $ 32,344 - 32,344 $ - $ - - - $ 32,344 $	- $ 125,139 4,130 129,269 $ 10,526) ($ 7,389) ( - 17,915) ($ 111,354 $

~57~

Deffered tax assets: Temporary differences: Valuation loss from financial instruments Unrealised exchange loss Pension Other Subtotal Deffered tax liabilities: Temporary differences: Valuation gain from financial instruments Other Subtotal Total		January1 Recognized in profit or loss Recognized in other comprehensive income 8,375 $ 1,034) ($ - $ 30,925 30,925) ( - 112,754 - 19,959) ( 3,513 16 - 155,567 $ 31,943) ($ 19,959) ($ - 9,747) ( - - 1,570) ( - - $ 11,317) ($ - $ 155,567 $ 43,260) ($ 19,959) ($ Year ended December 31,2022		December 31
			7,341 $ - 92,795 3,529 103,665 $ 9,747) ( 1,570) ( 11,317) ($ 92,348 $

D. As of December 31, 2023, the Company’s income tax returns through 2018 have been assessed and approved by the National Tax Authority.

47) Earnings per share

) Earnings per share
Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus	Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) Year ended December 31,2023
	Amount after tax	Weighted-average outstanding common shares(In thousands)
	2,878,951 $ 1,455,831 1.98 $ - 3,174 2,878,951 $ 1,459,005 1.97 $ Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) Year ended December 31,2022
	Amount after tax	Weighted-average outstanding common shares(In thousands)
	729,368 $ - 729,368 $	1,455,831 1,215 1,457,046	0.50 $ 0.50 $

~58~

7. RELATED PARTY TRANSACTIONS

1) Names and relationships of related parties

Names of related parties

Uni-President Enterprises Corp.

President Capital Management Corp. President Futures Corp. President Securities (HK) Ltd. Associates President Insurance Agency Corp. PSC Venture Capital Investment Limited Company President Securities (Nominee) Ltd. President Wealth Management (HK) Ltd. Uni-President Asset Management Corp. President Tokyo Co., Ltd. President Tokyo Auto Leasing Co., Ltd. ScinoPharm Taiwan, Ltd. Ton Yi Industrial Corp. President Chain Store Corp. (PCSC) Presco Netmarking, Inc. President Professional Baseball Team Co., Ltd. Qware Systems & Services Corp. Tung Ho Development Co., Ltd. Tainan Spinning Retail and Distribution Co., Ltd. President Information Corp Cayman President Holdings, Ltd. Funds managed by Uni-President Asset Management Corp.

Relationship with the Company Entity having significant influence on the Company Subsidiary of the Company PSC Subsidiary of the Company PSC Subsidiary of the Company PSC Subsidiary of the Company PSC Subsidiary of the Company PSC Subsidiary of the Company PSC Subsidiary of the Company PSC Associate Other related party Other related party Other related party Other related party Other related party Other related party Other related party Other related party Other related party Other related party Other related party Other related party Security investment trust fund raised by the Uni-President Asset Management Corp.

(Blank below)

~59~

2) Significant related party transactions and balances

A. Stock trading (shown as Financial assets at fair value through profit or loss)

			Year ended December	Year ended December	Year ended December	Year ended December
			31, 2023			31, 2022
		Transaction content	Purchase Price			Purchase Price
Subsidiary of the Company PSC:
Company PSC Venture Capital Investment Limited Company	Chyunn Environment Corporation		$	-	$	10,500
B. Futures guarantee deposits receivable
		December 31,2023		December 31,2022
Subsidiary of the Company PSC:
President Futures Corp.		$	4,311,941	$		4,954,584
C. Accounts receivable
		December 31,2023		December 31,2022
Entity having significant influence		on the
company:
Uni-President Enterprises Corp.		$	332	$		350
Subsidiary of the Company PSC:
President Futures Corp.			3,005			3,522
Other related party:
ScinoPharm Taiwan, Ltd.			322			336
President Chain Store Corp. (PCSC)			434			406
Others			103			103
Total		$	4,196	$		4,717
D. Prepayments
		December 31,2023		December 31,2022
Other related party:
Qware Systems & Services Corp.		$	4,682	$		7,663
Tung Ho Development Co., Ltd.			600			600
President Chain Store Corp. (PCSC)			157			340
Presco Netmarketing Co., Ltd.			121			8
Others			18			9
Total		$	5,578	$		8,620

~60~

E. Other receivables

ther receivables
		December 31,2023	December 31,2022
Subsidiary of the Company PSC:
President Futures Corp.	$ 334		$	300
Others		16		21
Associate:
Uni-President Assets Management Corp.		4		-
Other related party:
Others		-		14
Total	$	354	$	335

F. Acquisition of property and equipment

Acquisition of property and equipment
Acquisition of other assets Other related party: President Information Corp Account items Other related party: President Information Corp Intangible assets	Year ended December 31,2023 2,472 $ Year ended December 31,2023 Purchaseprice 5,363 $		Year ended December 31,2022 - $ Year ended December 31,2022
		Purchaseprice	Purchase price
		5,363 $	- $

G. Acquisition of other assets

－
H. 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.

(B) Right-of-use assets:
a. Acquisition of right-of-use assets:

ht-of-use assets: cquisition of right-of-use assets:
isposals of right-of-use assets: Other related party: President Tokyo Co., Ltd. Other related party: President Tokyo Co., Ltd.	Year ended December 31,2023 5,619 $ Year ended December 31,2023 1,290 $	Year ended December 31,2022
		3,550 $ Year ended December 31,2022
		1,018 $

b. Disposals of right-of-use assets:

~61~

(C) Lease liabilities

`–` a. Lease liabilities current

Lease liabilities`–`non-current December 31, 2023 Other related party: President Tokyo Co., Ltd. 6,430 $ President Tokyo Auto Leasing Co., Ltd. 747 Total 7,177 $ December 31, 2023 Other related party: President Tokyo Co., Ltd. 8,609 $ President Tokyo Auto Leasing Co., Ltd. 1,445 Total 10,054 $	December 31,2022 6,536 $ 742 7,278 $ December 31, 2022 9,952 $ 2,192 12,144 $

`–` b. Lease liabilities non-current

c. Financial costs

c. Financial costs
d. Net gain on lease modification Refundable deposits Equity for each customer in the account Other related party: President Tokyo Co., Ltd. President Tokyo Auto Leasing Co., Ltd. Total Other related party: President Tokyo Co., Ltd. Subsidiary of the Company PSC: President Futures Corp. Subsidiary of the Company PSC: President Futures Corp.	Year ended December 31,2023 143 $ 16 159 $ Year ended December 31, 2023 1 $ December 31,2023 34,000 $ December 31,2023 8,126 $	Year ended December 31,2022
		145 $ 21 166 $ Year ended December 31, 2022
		1 $ December 31,2022
		34,000 $ December 31,2022
		3,104 $

I. Refundable deposits

J. Equity for each customer in the account

~62~

K. Accounts payable

K. Accounts payable
	December 31,2023				December 31,2022
Subsidiary of the Company PSC:
President Futures Corp.	$		1,728	$		2,127
Other related party:
President Tokyo Co., Ltd.			12			-
Presco Netmarking,Inc.			125			-
Total	$		1,865	$		2,127
L. Guarantee deposit received
	December 31, 2023				December 31, 2022
Subsidiary of the Company PSC:
President Futures Corp.	$		16,137	$		16,137
Others			807			807
Associate:
Uni-President Assets Management Corp.			1,435			1,044
Other related party:
President Tokyo Co., Ltd.			-			1,418
Total	$		18,379	$		19,406
M. Handling fee revenue
			Year ended			Year ended
	December 31,2023				December 31,2022
Entity having significant influence on the company:
Uni-President Enterprises Corp.	$		-		$	4
Subsidiary of the Company PSC:
Others			11			28
Security investment trust fund raised by the
Uni-President Asset Management Corp.:
Funds managed by Uni-President Asset
Management Corp.			114,007			70,846
Other related party:
Others			1,559			1,042
Total	$		115,577		$	71,920
Terms of handling fee revenue mentioned	above are		similar to those of		transactions with third
parties.
N. Futures commission income
			Year ended			Year ended
		December 31,2023			December 31,2022
Subsidiary of the Company PSC:
President Futures Corp.	$		34,079		$	43,532

~63~

O.	Net gain (loss) on wealth management-trust income from sales of funds Year ended December 31,2023 Associates: Uni-President Assets Management Corp. 17,760 $	Year ended December 31,2022 11,157 $

The revenues were collected on a monthly basis in accordance with contract terms.

P. Other operating income - handling fee revenues from underwriting fund

Year ended December 31,2023 Associates: Uni-President Assets Management Corp. 81,139 $	Year ended December 31,2022 64,420 $

The revenues were collected on a monthly basis in accordance with contract terms.

Q. Other income – others

Other income–others
Associates: Uni-President Assets Management Corp.		Year ended December 31,2023		Year ended December 31,2022
		2,210 $		- $

R. 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 2019.04.01~2024.03.31 2016.01.01~2028.08.31 2019.04.01~2023.08.31	Deposit 627 $ 317 1,435 -		Year ended December 31,2023		Year ended December 31,2022
				$ 3,835 2,494 7,050 5,961 19,340 $		$ 3,723 2,732 6,492 8,942
						21,889 $

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.

S. Revenues from underwriting business

Revenues from underwriting business
Entity having significant influence on the company: Uni-President Enterprises Corp.	Year ended December 31,2023 $3,775	Year ended December 31,2022
		$450

~64~

T. Stock custodian income

T. Stock custodian income
			Year ended			Year ended
	December 31,2023			December 31,2022
Entity having significant influence on the company:
Uni-President Enterprises Corp.	$		4,253	$		4,231
Subsidiary of the Company PSC:
Others			68			68
Associate:
Uni-President Assets Management Corp.			136			135
Other related party:
ScinoPharm Taiwan, Ltd.			2,232			2,298
Ton Yi Industrial Corp.			1,253			1,248
President Chain Store Corp. (PCSC)			2,615			2,583
Others			703			669
Total	$		11,260	$		11,232
Terms of stock custodian income mentioned above	are	similar to third parties.
U. Other operating expenses-Other
			Year ended			Year ended
		December 31,2023			December 31,2022
Subsidiary of the Company PSC:
President Capital Management Corp.	$		50,400	$		50,576
Other related party:
President Tokyo Co., Ltd.			118			290
Presco Netmarking, Inc.			1,407			11,584
President Professional Baseball Team Co., Ltd.			2,677			2,310
Tainan Spinning Retail and Distribution Co., Ltd.			2,000			2,000
Qware Systems & Services Corporation			-			1,663
Other			-			12
Total	$		56,602	$		68,435
V. Clearing charges-futures
			Year ended			Year ended
	December 31,2023			December 31,2022
Subsidiary of the Company PSC:
President Futures Corp.	$		20,873	$		21,420
W. Financial expense
			Year ended			Year ended
	December 31,2023			December 31,2022
Other related party:
Cayman President Holdings, Ltd.	$		-	$		58

~65~

X. Purchases of trading securities – dealer

X. Purchases of trading securities–dealer
		December 31,2023
	Ending Shares
	(In thousands)	EndingBalance					Gain(loss)
Entity having significant influence on the
company:
Uni-President Enterprises Corp.	136	$	10,149		$		1,826
Security investment trust fund raised by the
Uni-President Asset Management Corp.:
Funds managed by Uni-President Asset
Management Corp.			42,085				7,376
Other related parties:
President Chain Store Corp.	9		2,426		(		31)
Other	-			-			11
Total		$	54,660		$		9,182
		December 31, 2022
	Ending Shares
	(In thousands)	EndingBalance					Gain (loss)
Entity having significant influence on the
company:
Uni-President Enterprises Corp.	72	$	4,795		($		588)
Security investment trust fund raised by the
Uni-President Asset Management Corp.:
Funds managed by Uni-President Asset
Management Corp.			490,857		(		25,384)
Other related parties:
President Chain Store Corp.	-			-	(		275)
Other	21			358			726
Total		$	496,010		($		25,521)
Y. Compensation of key management personnel
The compensation of key management such as	directors, general managers,			vice general managers
were as follows:
	Year ended December			Year ended December
	31,	2023				31,2022
Salary and short-term employee benefits	$		262,205	$			129,486
Retirement benefits			1,037				972
Other long-term employee benefits			-				-
Termination benefits			-				-
Share-based payment			-				-
Total	$		263,242	$			130,458

~66~

8. PLEDGED ASSETS

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

Assets 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) Other current assets: - Demand deposits - Pledged time deposits - Government bonds (par value) Property and equipment - Land and buildings (book value) Pledged time deposits (stated as other non-current asset) - Operating guarantee deposits Financial assets at fair value through profit or loss - current: Financial assets at fair value through profit or loss - non-current:	December31,2023 December31,2022 3,735,000 $ 1,000,000 $ 1,600,200 848,100 11,159,717 2,661,333 725,479 237,302 100,000 100,000 2,712,153 2,400,355 91,001 250,167 400,000 400,000 50,000 50,000 1,085,689 1,091,048 505,000 505,000	Purposes
		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 Collections on behalf of third parties and reimbursement for wages and stocks Securities for short-term loans and guarantees for issuance of commercial papers Trust fund deposit-out Securities for short-term loans and guarantees for issuance of commercial papers 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

~67~

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:
- 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.

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(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.
(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

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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.

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 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

Based on the two major risk indicators of climate rick, the physical risk and the transition risk,the potantiall climate risk on investment position is estimated by different scenario analyses.The Company regularly discloses implementation of climate risk management annually that complies with the policy guidelines set by the competent authorities and initiatives or guidelines internationally and generally recognised 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.

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(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 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. 14% 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).

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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 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

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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.
(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 or 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

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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 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.

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(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.
- (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

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year will be included in the calculation of future loss rate standard.

D. Table of movements in loss provision of the Company
(A) At December 31, 2023 and 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:

		Year	Year	ended December 31,2023	ended December 31,2023	ended December 31,2023	Total
	Marginal receivable	Accounts receivable		Other receivables		Other non-current assets-overdue receivables
	28,315 $ 18,464 - 46,779 $	659 $ 18) ( - 641 $ Year					37,198 $ 17,996 5,809) ( 49,385 $ 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 $

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.

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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 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 or 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.

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

	December 31,2023	December 31,2023	December 31,2023
Immediately	Less than 3 months	3-12 months	1-5years - $ - - - - - - 29,748 - 86,888 - - 66,037 182,673 $	Total
1,160,000 $ - 6,176,815 4,256,105 - 921,093 1,163,504 - 16,960,308 514,753 7,845 - - 31,160,423 $	5,784,759 $ 21,150,000 - - 19,322,093 - - 1,342,474 95,289 11,256 227,883 4,442,217 18,417 52,394,388 $	- $ - - 30,908 - - - 259,786 - - 1,843,390 781,802 37,179 2,953,065 $		6,944,759 $ 21,150,000 6,176,815 4,287,013 19,322,093 921,093 1,163,504 1,632,008 17,055,597 612,897 2,079,118 5,224,019 121,633
				86,690,549 $

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December 31, 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 - $ - - - - - - 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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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	ximum potential risks of financial instruments	or investment portfolios.	or investment portfolios.
Statistical table		Statistical table
for one-day VaR	of transactions	for one-day VaR	of transactions
Year ended December		Year ended December
31,2023	Amount	31, 2022		Amount
December 31, 2023	90,608 $	December 31, 2022	$	33,198
VaR Maximum	204,472	VaR Maximum		166,546
VaR Average	106,875	VaR Average		50,634
VaR Minimum	33,256	VaR Minimum		17,965

Statistical table for VaR of various risk indicators of transactions Year ended

Year ended
December 31,2023 Foreign exchange December 31, 2023 17,845 $ VaR Maximum 47,965 VaR Average 9,806 VaR Minimum 1,597	Interest 31,112 $ 81,522 36,593 4,778	Share ownership
		86,595 $ 217,781 98,633 28,063

Statistical table for VaR of various risk indicators of transactions Year ended

Year ended
December 31,2022 December 31, 2022 VaR Maximum VaR Average VaR Minimum	Foreign exchange 5,219 $ 17,197 4,329 856	Interest 27,746 $ 34,194 15,077 2,867	Share ownership
			22,573 $ 168,637 48,374 16,070

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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 December 31, 2023 and 2022 ：

Financial assets in foreign currencies Cash and cash equivalents Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income - current Investments under the equity method Others Financial liabilities in foreign currencies Short-term loans Financial liabilities at fair value through profit or loss Bonds sold under repurchase agreements Others	USD 638,134 $ 10,394,426 1,307,681 - 1,232,702 1,034,759 63,591 9,381,587 3,208,910	EUR 5,343 $ 2,117,378 - - 16,990 - 565 1,880,550 7,905	AUD RMB HKD Others 1,562 $ 2,370 $ 54,747 $ 75,195 $ 882,164 47,581 34,235 690,695 1,375,468 - - - - 2,615,717 810,334 - 10,739 2,167 8,767 8,979 - - - - 91 709 4 10,879 2,122,450 34,594 - 208,549 27,812 58,701 33,138 6,576 December 31,2023	Total
				777,351 $ 14,166,480 2,683,149 3,426,051 1,280,345 1,034,759 75,839 13,627,729 3,343,041

Note: As of December 31, 2023, foreign exchange rates of the above currencies to TWD were 1 USD = 30.705 TWD; 1 EUR = 33.980 TWD; 1 AUD = 20.980 TWD; 1 RMB = 4.327 TWD; and 1 HKD = 3.929 TWD, respectively.

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Financial assets in foreign currencies Cash and cash equivalents Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income - current Investments under the equity method Others Financial liabilities in foreign currencies Financial liabilities at fair value through profit or loss Bonds sold under repurchase agreements Others	USD 1,011,332 $ 3,633,380 1,118,655 - 1,469,878 347,447 3,243,659 3,307,436	EUR 3,991 $ 150,892 - - 516 57 89,976 47	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 December 31,2022	Total
				1,200,717 $ 4,642,744 2,198,632 4,161,006 1,678,422 351,369 4,944,009 3,576,650

Note: As of December 31, 2022, foreign exchange rates of the above currencies to TWD were 1 USD = 30.710 TWD; 1 EUR = 32.720 TWD; 1 AUD = 20.830 TWD; 1 RMB = 4.408 TWD; and 1 HKD = 3.938 TWD, respectively.

(Blank below)

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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 years ended December 31, 2023 and 2022, amounted to ($58,407) and $106,384, 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.

Non-financial assets December 31, 2023 Investment property December 31, 2022 Investment property	Total Quoted prices of the same assets in active markets (level 1) 515,813 $ - $ 743,741 -	Other significant observable inputs (level 2)	Significant non-observable inputs(level 3)
		515,813 $ 743,741	- $ -

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 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

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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 years ended December 31, 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.

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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 16,066,218 $ 29,548,975 2,896,610 395,531 2,683,149 10,004 49,776 307,448 6,176,815 4,674,925 4,287,013	Level 1 Level 2 15,988,641 $ 77,577 $ 7,543,011 22,005,964 2,896,610 - 395,531 - 2,683,149 - - - - 49,776 - - 6,176,815 - 4,674,096 829 1,589,767 2,697,246 December31,2023	Level3
			- $ - - - - 10,004 - 307,448 - - -

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

January1	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December 31,2023 Valuation amount Increased	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December 31,2023 Valuation amount Increased	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December 31,2023 Valuation amount Increased	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December 31,2023 Valuation amount Increased	Decreased	Decreased	December 31
	Recorded in profit or loss	Recorded in other comprehensive income(loss)			Sold/ disposed or settled	Transfers out from level 3
16,604 $ 294,855 January1	4,426) ($ - $ - $ - $ - 12,593 - - Year ended December 31, 2022 Valuation amount Increased				2,174) ($ - $ - - Decreased		10,004 $ 307,448 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		- $ -	- $ -	- $ -	- $ -	16,604 $ 294,855

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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:

December 31,2023	Fair value	Valuation technique	Significant unobservable input Not applicable Market price net profit after tax multiplier Price to book ratio multiplier Discount for lack of marketability 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	10,004 $ Fair value 307,448	Net asset value Valuation technique Market approach		Not applicable 22.62~24.52 2.48 25% Range (weighted average)	Not applicable The higher the discount for lack of marketability, the lower the fair value Relationship of inputs to fair value Not applicable The higher the discount for lack of marketability, the lower the fair value The higher the multiplier, the higher the fair value The higher the multiplier, the higher the 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 Market price net profit after tax multiplier Price to book ratio multiplier Discount for lack of marketability	Not applicable 23.03~24.62 2.93~4.92 20%~30%

(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

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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%:

December 31,2023 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 December 31,2022	Changes in the fair value recognised inprofit or loss	Changes in the fair value recognised inprofit or loss	Favourable change Unfavourable change Changes in the fair value recognised in other comprehensive income	Favourable change Unfavourable change Changes in the fair value recognised in other comprehensive income
	Favourable change	Unfavourable change
	Not applicable Not applicable - - Changes in the fair value recognised inprofit or loss		- $ - $ 3,074 3,074) ( Changes in the fair value recognised in other comprehensive income
	Favourable change	Unfavourable change	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 -	- $ 2,949	- $ 2,949) (

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:

(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

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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 December 31, 2023 and 2022, the capital adequacy ratios were 299% and 390%, 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

BALANCE SHEET

Trust assets		December 31,2023	December 31,2023		December	31,2022
Bank savings	$		452,424	$		367,745
Structured notes			1,740,784			896,553
Stock			1,335,438			1,016,810
Bond			1,175,323			636,044
Bonds sold under repurchase agreements			70,050			57,291
Fund			8,855,255			5,138,258
Accounts receivable			150,322			29,112
Total of trust assets	$		13,779,596	$		8,141,813
Trust liabilities and equity		December 31,2023			December	31,2022
Accounts payable	$		8,089	$		321
Trust capital			12,580,097			8,797,747
Net income (loss)			1,405,404	(		631,484)
Accumulated deficit	(		213,994)	(		24,771)
Total of trust liabilities and equity	$		13,779,596	$		8,141,813

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B. Income statement of trust accounts

STATEMENT OF INCOME

C. Property list of trust accounts 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 Trust expenses Management fee Service fee Other expenses 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) Item Bank savings Structured notes Funds Bond Bonds sold under repurchase agreements Stock Others Total	Year ended December 31,2023 88,079 $ 32,077 1,529 8,376 361,042 17,796 30,718 473,232 919,887 5,746 13 1,938,495 1,508) ( 7,339) ( - 2,181) ( 4,553) ( 92,319) ( - 74,359) ( 33,892) ( 301,863) ( 14,697) ( 1,405,784 380) ( 1,405,404 $ December 31,2023 452,424 $ 1,740,784 8,855,255 1,175,323 70,050 1,335,438 150,322 13,779,596 $	Year ended December 31,2022 74,219 $ 95,093 373 713 151,071 8,528 2,390 210,809 112,962 1,075 12 657,245 1,359) ( 664) ( 4) ( 7,017) ( 2,551) ( 95,742) ( 307) ( 133,461) ( 73,750) ( 855,494) ( 118,272) ( 631,376) ( 108) ( 631,484) ($ December 31,2022 367,745 $ 896,553 5,138,258 636,044 57,291 1,016,810 29,112 8,141,813 $	Year ended December 31,2022

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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.

(Blank below)

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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 December 31,2023 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			2,699,883 $ 310,452 810,334 - - 796,561 65,304 246,211 646	770,510 $ 90,814 769 - - 1,589,484 119,372 12,071) ( 1,589,484	326,690 $ 5,705 12,246) ( 180 - 526,229 41,625 21,287) ( 526,299	315,877 $ 5,703 10,853) ( 180 - 223,454 41,624 21,290) ( 180	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 Agency Co., Ltd.

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.

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b) Balance sheets

PRESIDENT WEALTH MANAGEMENT (HK) LTD. BALANCE SHEETS

DECEMBER 31, 2023 AND 2022

Assets		December	December	31,2023		December 31,2022 Expressed in HK dollars	December 31,2022 Expressed in HK dollars	December 31,2022 Expressed in HK dollars
		Amount		%		Amount		%
Current assets Cash and cash equivalents Other receivables 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		15,266,005 $ 115,825 - 15,381,830 15,381,830 $ - $ 23,400,000 8,018,170) ( 15,381,830 15,381,830 $		99 1 - 100 100 - 152 52) ( 100 100
Total liabilities Shareholders’ equity Share capital Retained earnings Accumulated deficit Total shareholders’ equity Total liabilities and shareholders’ equity

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PRESIDENT SECURITIES (NOMINEE) LTD. BALANCE SHEETS

DECEMBER 31, 2023 AND 2022

Assets		December	December	31,2023		December 31,2022 Expressed in HK dollars	December 31,2022 Expressed in HK dollars	December 31,2022 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		394,026 $ - 394,026 394,026 $ - $ 1,000,000 605,974) ( 394,026 394,026 $		100 - 100 100 - 254 154) ( 100 100
Total liabilities Shareholders’ equity Share capital Retained earnings Accumulated deficit Total shareholders’ equity Total liabilities and shareholders’ equity

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c) Statements of comprehensive income

PRESIDENT WEALTH MANAGEMENT (HK) LTD STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

Accounts
			Amount % 54,070) ($ 37) ( 54,070) ( 37) ( 199,722 137 145,652 100 - - 145,652 $ 100 Expressed in HK dollars Year ended December 31,2022
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

		Amount % 809) ($ 1,051 809) ( 1,051 732 951) ( 77) ( 100 - - 77) ($ 100	Amount % 37,226) ($ 101 37,226) ( 101 333 1) ( 36,893) ( 100 - - 36,893) ($ 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

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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

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

Accumulated Amount remitted from Taiwan to Accumulated
amount of Mainland China/ Amount Accumulated amount of
remittance remitted back to Taiwan for the amount of Investment income Book value of investment
from Taiwan year ended December 31, 2023 remittance from Ownership (loss) recognized by investments in income
to Mainland Taiwan to Net income of held by the the Company for the Mainland remitted back
Investee in Paid-in Investment China as of Remitted to Mainland China investee as of Company years ended China as of to Taiwan as
Mainland Main business capital method January 1, Mainland Remitted back to as of December December 31, (direct or December 31, 2023 December 31, of December
China activities (Note 4) (Note 1) 2023 China Taiwan 31, 2023 2023 indirect) (Note 2) 2023 31, 2023
Jin Yuan Securities $6,490,500 Directly $ 3,138,169 $ - $ - $ 3,138,169 ($ 212,561) 49% ($ 99,004) $ 2,615,717 $ -
President brokering, invest in a The financial
Securities securities company in statements that are
Co., Ltd. dealing, Mainland
audited by
securities China
international
underwriting and
accounting firm which
sponsoring
has cooperative
service
relationship with
accounting firm in
R.O.C.
Accumulated amount of remittance Investment amount approved by the Ceiling on investments in Mainland China
Company name from Taiwan to Mainland China as of Investment Commission of the Ministry of imposed by the Investment Commission of
December 31, 2023 Economic Affairs (MOEA) MOEA
Jin Yuan President Securities Co.,Ltd. $ 3,138,169 $ 3,138,169 $ 19,285,264
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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 investment company in the third area.)
(3) Others.

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Note 2: In the ‘Investment income (loss) recognized by the Company for the year ended December 31, 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

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

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

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PRESIDENT SECURITIES CORPORATION

STATEMENT OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item	Description	Amount
		$ 605,453 533,136 657,601 1,141,700 119,750
		$ 3,057,640

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PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Security lending Stocks`：` Yuanta U.S. Treasury 20+ Year 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 Japan Leaders Equity 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) Fuh-Hwa Global Bond Fund Fuh Hwa Global Short-Term Income Fund-TWD Subtotal Valuation adjustment Total Trading securities-dealer Stocks: TSE Stocks Formosa Plastics Corporation ECLAT TEXTILE CO., LTD. Makalot Industrial Co., Ltd.	Description	Units, shares or certificates 2,000,000 27,000 820,000 5,120,545 1,468,722 1,493,993 1,526,549 1,034,583 1,225,761 139,621 179,891 791,896	Par value (dollar) $ 10 10 10	Total amount	Interest rate (%) (	Cost $ 63,159 984 25,246 89,389 1,613 ) $ 87,776 $ 50,000 15,000 15,000 15,000 15,000 15,000 125,000 3,836 $ 128,836 $ 11,213 98,737 261,744	Unit price (dollars) $ 30.85 36.74 30.59 $ 10.03 10.35 10.31 10.35 15.22 12.50 $ 79.20 562.00 354.50	Totalamount $ 61,700 992 25,084 $ 87,776 $ 51,359 15,196 15,411 15,796 15,750 15,324 $ 128,836 $ 11,058 101,099 280,727	Changes in the fair value attributable to changes in creditrisk $ - - - $ - $ - - - - - - $ - $ - - -	Remark

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PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument CHUNG-HSIN ELECTRIC & MACHINERY MFG. CORP. KINIK COMPANY Lotus Pharmaceutical Co., Ltd. LITE-ON TECHNOLOGY CORP. UNITED MICROELECTRONICS CORP. DELTA ELECTRONICS, INC. HON HAI PRECISION IND. CO., LTD. Compal Electronics, Inc. YAGEO CORPORATION Taiwan Semiconductor Manufacturing Co., Ltd. Winbond Electronics Corporation Accton Technology Corp. ACER INCORPORATED 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. VIA TECHNOLOGIES, INC. NANYA TECHNOLOGY CORPORATION AUO Corporation Chunghwa Telecom Co., Ltd SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LT MERRY ELECTRONICS CO.,LTD. MediaTek Inc. ELAN MICROELECTRONICS CORP.	Description	Units, shares or certificates 99,959 87,689 55,436 157,628 690,022 88,993 1,067,121 369,412 51,128 547,599 513,823 120,472 393,736 513,678 400,446 98,642 2,278,504 75,470 58,457 94,242 2,250,573 317,827 111,143 355,416 191,660 594,610 258,274 105,000 121,523 859,658 82,824	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 $ 11,779 15,759 14,538 18,745 33,341 28,651 111,340 13,386 30,365 309,550 14,918 61,581 18,557 24,076 176,513 21,528 104,632 18,512 10,889 39,765 482,486 123,299 17,345 56,151 13,677 9,955 30,370 11,242 13,961 730,219 13,099	Unit price (dollars) $ 116.50 192.00 272.00 117.00 52.60 313.50 104.50 39.85 597.00 593.00 30.45 523.00 53.80 52.80 489.50 218.00 42.00 266.00 204.00 471.50 224.50 382.00 175.00 156.50 78.00 18.15 120.00 107.50 109.50 1,015.00 162.50	Totalamount $ 11,645 16,836 15,079 18,442 36,295 27,899 111,514 14,721 30,523 324,726 15,646 63,007 21,183 27,122 196,018 21,504 95,697 20,075 11,925 44,435 505,254 121,410 19,450 55,623 14,949 10,792 30,993 11,288 13,307 872,553 13,459	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~102~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument CATCHER TECHNOLOGY CO., LTD. BES Engineering Co. EVERGREEN MARINE CORP. (TAIWAN) LTD. Yang Ming Marine Transport Corp. Lion Travel Service Co., Ltd. CATHAY FINANCIAL HOLDING CO., 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. WT MICROELECTRONICS CO., LTD. Unimicron Technology Corp. Tripod Technology Corporation Wistron Corporation GENIUS ELECTRONIC OPTICAL CO.,LTD. Global Unichip Corp. JENTECH PRECISION INDUSTRIAL CO., LTD Alchip Technologies, Limited WPG HOLDINGS LIMITED ASE Technology Holding Co., Ltd. Far EasTone Telecommunications Co., Ltd. Pegatron Corporation ASMEDIA TECHNOLOGY INC. Chailease Holding Company Limited Waffer Technology Corporation Powertech Technology Inc. Silergy Corp. Wiwynn Corporation	Description	Units, shares or certificates 73,801 1,970,000 1,680,761 254,977 146,502 868,493 1,066,000 947,000 382,151 76,362 499,207 39,302 276,840 179,213 62,587 92,477 376,413 32,309 61,492 72,376 32,341 167,821 212,951 200,228 303,705 7,711 65,147 149,558 97,711 22,000 27,610	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 $ 13,900 25,841 242,906 13,107 20,616 39,219 37,162 33,110 9,745 187,002 155,818 19,456 100,436 20,398 10,578 17,755 36,206 13,573 101,318 48,527 102,016 12,524 24,993 16,149 24,587 12,848 12,044 18,690 12,132 10,030 47,779	Unit price (dollars) $ 194.00 13.30 143.50 51.30 140.00 45.75 28.65 28.65 28.35 2,870.00 336.50 517.00 357.00 112.50 176.00 195.00 98.60 420.50 1,740.00 769.00 3,275.00 81.60 135.00 79.80 87.30 1,815.00 193.00 114.50 141.00 500.00 1,825.00	Totalamount $ 14,317 26,201 241,189 13,080 20,510 39,734 30,541 27,132 10,834 219,159 167,983 20,319 98,832 20,161 11,015 18,033 37,114 13,586 106,996 55,657 105,917 13,694 28,748 15,978 26,513 13,995 12,573 17,124 13,777 11,000 50,388	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~103~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument YANKEY ENGINEERING Co., LTD. FOSITEK CORP. FENG TAY ENTERPRISES CO., LTD. Taiwan Hon Chuan Enterprise Co., Ltd. Century Iron And Steel Industrial Co.,Lt Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal OTC stocks GRAND PROCESS TECHNOLOGY CORPORATION ADATA Technology Co., Ltd. INTERNATIONAL GAMES SYSTEM CO.,LTD. AURAS Technology Co.,Ltd. eMemory Technology Inc. JARLLYTEC CO. , LTD. Gudeng Precision Industrial Co., LTD Sino-American Silicon Products Inc. POYA International Co., Ltd. Anpec Electronics Corporation TAIWAN UNION TECHNOLOGY CORPORATION GlobalWafers Co., Ltd AMPAK Technology, Inc. ZILLTEK TECHNOLOGY CORP. KEYSTONE MICROTECH CO. E INK HOLDINGS INC. Phison Electronics Corp. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal	Description	Units, shares or certificates 187,000 28,000 80,546 178,081 74,612 17,360,523 60,000 125,032 29,061 74,662 59,109 285,000 628,863 107,195 50,380 250,999 529,318 43,968 301,000 27,000 57,000 139,316 114,507 3,306,630	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	Total amount	Interest rate (%)	Cost $ 57,409 10,824 14,635 20,214 13,024 839,568 5,348,062 34,959 12,659 20,824 25,393 128,775 58,880 226,511 19,427 28,066 53,140 66,420 25,639 36,535 11,874 16,988 26,289 56,037 235,325 1,083,741	Unit price (dollars) $ 316.00 382.50 175.00 125.00 174.50 596.00 103.00 724.00 352.50 2450.00 189.50 370.50 196.00 552.00 221.50 126.00 587.00 120.00 455.00 312.00 197.00 520.00	Totalamount $ 59,092 10,710 14,096 22,260 13,020 860,131 5,667,663 35,760 12,878 21,040 26,318 144,817 54,008 232,994 21,010 27,810 55,596 66,694 25,809 36,120 12,285 17,784 27,445 59,544 242,064 1,119,976	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~104~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Emerging stocks KANPAI CO., LTD Tung Mung Development Co., Ltd Kingza International CO.,LTD. GoldKey Technology Corporation HENGS TECHNOLOGY CO., LTD. UHT Unitech Company Ltd. 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 Fubon FTSE TWSE Taiwan 50 ETF Yuanta Daily Taiwan 50 Bear -1X ETF Yuanta S&P GSCI Crude Oil ER Futures ETF Yuanta S&P GSCI Crude Oil 1x Inverse 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 Cathay U.S. Treasury 20+ Year Daily Leveraged 2X ETF Cathay U.S. Treasury 20+ Year Daily Inverse 1X ETF Mega Taiwan Blue Chip 30 ETF Fubon TWSE Corporate Governance 100 ETF Fubon 1-3 Years US Treasury Bond ETF Fubon 7-10 Years US Treasury Bond ETF Yuanta Taiwan High Dividend Low Volatility ETF Yuanta US 20+ Year BBB Corporate Bond ETF Yuanta China Treasury + Policy Bank 3-5 Year Bond ETF	Description	Units, shares or certificates 164,314 757,258 135,267 396,843 461,378 650,965 87,263 582,612 3,088,536 772,000 10,000,000 1,403,000 12,069,000 11,224,000 997,769 5,499,395 9,000,000 9,072,000 950,000 893,000 728,000 504,000 369,000 604,000 1,348,512 250,880	Par value (dollar) $ 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 21,448 9,435 16,688 12,539 14,179 13,781 13,451 18,175 125,373 245,069 57,159 50,478 22,530 98,403 341,212 29,391 19,442 283,409 88,360 20,239 25,649 22,956 20,100 12,750 30,031 47,058 11,526	Unit price (dollars) $ 122.08 14.31 128.27 34.14 28.41 20.22 157.51 30.66 77.15 4.48 15.74 8.33 30.85 54.45 3.01 31.81 10.05 19.55 29.32 32.54 39.33 34.70 50.40 36.00 44.50	Totalamount $ 20,059 10,836 17,351 13,548 13,108 13,163 13,745 17,863 123,200 242,873 59,560 44,800 22,083 100,535 346,260 54,329 16,553 286,290 91,174 18,573 26,183 23,689 19,822 12,804 30,442 48,546 11,164	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~105~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument CAPITAL ICE BofA 15+ YEAR US TELECOMMUNICATIONS INDEX EXCHANGE TRADED FUND CAPITAL ICE BofA 10+ YEAR US BANKING AND BROKERAGE INDEX EXCHANGE TRADED FUND Cathay BBB Corporate bond ex China Coupon 4.5% 10Yr+ 20% Sector Capped ETF Cathay Korea/Taiwan IT Premier ETF Cathay FTSE Emerging Markets ETF Fubon 10+ Years US Corporate Bond BBB Ex China Fubon 1-5 Years US High Yeild Bond Ex China Yuanta US 20+ Year AAA-A Corporate Bond ETF UPAMC NYSE FANG+ ETF CAPITAL ICE 25+ YEAR US TREASURY EXCHANGE TRADED FUND 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 10plus Investment Grade Healthcare Bond ETF CTBC U.S. Treasury 20+ Year Bond ETF Fubon 7-15 Years Europe USD Banking ETF UPAMC 10Y+ Aa-A USD Senior Corporate Bond ETF CTBC US 10+ Year Telecommunications Bond ETF CTBC 0-1 Year US Treasury Bond ETF Yuanta Global 5G & NexGen Telecommunication Components ETF Cathay MSCI Taiwan ESG Sustainability High Dividend Yield ETF Cathay Taiwan 5G Plus ETF CTBC Hang Seng China High Dividend Yield ETF	Description	Units, shares or certificates 686,362 585,420 1,311,000 958,000 519,000 276,000 533,000 1,433,790 644,000 390,571 1,343,000 1,240,000 710,000 662,000 943,000 327,000 395,000 500,000 896,000 305,161 10,734,000 1,050,000 1,000,000	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 26,773 20,302 47,867 28,644 10,429 11,234 19,893 49,879 41,074 12,439 47,005 43,963 26,202 26,606 28,163 11,231 11,830 16,483 38,215 9,184 217,866 18,618 10,224	Unit price (dollars) $ 39.02 34.45 38.13 31.20 20.35 40.75 37.15 35.33 65.35 31.83 36.31 36.74 36.64 35.02 31.14 34.40 29.92 33.81 42.48 33.40 21.80 18.52 10.36	Totalamount $ 26,782 20,168 49,988 29,890 10,562 11,247 19,801 50,656 42,085 12,432 48,764 45,558 26,014 23,183 29,365 11,249 11,818 16,905 38,062 10,192 234,001 19,446 10,360	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - -	Remark

~106~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023 (Expressed in thousands of New Taiwan dollars)

Name of financial instrument Fubon FTSE Vietnam ETF CTBC Taiwan ESG Leading Semiconductor ETF. Fubon ICE FactSet Taiwan Core Semiconductor ETF Cathay Global Autonomous and Electric Vehicles ETF Fubon Taiwan Index high dividend 30 ETF CTBC Battery and Energy Storage Technology ETF Cathay Global Digital Payment Services ETF Mega ICE Semiconductor ETF CAPITAL TIP CUSTOMIZED TAIWAN SELECT HIGH DIVIDEND EXCHANGE TRADED FUND UPAMC US Treasury 20 Plus Year ETF Cathay US Corporate 10+ Years Banking ETF NEXT FUNDS – Nomura Taiwan Innovative Technology 50 ETF Taishin TIP Customized Taiwan ESG High Dividend Small/Mid- Cap 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 A08101 A08103 A08106 A12101	Description	Units, shares or certificates 1,890,000 1,240,000 764,000 1,034,000 746,000 1,318,000 637,000 502,000 3,500,036 2,632,800 2,100,000 2,085,000 700,000 2,650,000 11,439,357 29,746	Par value (dollar)	Total amount	Interest rate (%) 0.625% 0.750% 0.625% 1.000%	Cost $ 25,134 18,879 10,146 18,429 9,921 18,913 12,256 7,829 77,707 39,846 33,609 34,695 10,623 41,565 258,405 2,572,774 2,052 250,008 97,954 194,306 49,857	Unit price (dollars) $ 11.76 16.39 13.99 17.93 13.78 9.96 23.28 23.47 22.26 15.21 16.67 17.19 16.20 16.01	Totalamount $ 22,226 20,324 10,688 18,540 10,280 13,127 14,829 11,782 77,911 40,045 35,007 35,841 11,340 42,427 267,054 2,642,756 - 249,956 97,948 194,290 49,722	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - -	Remark

~107~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument A12107 A12108 A12110 A12111 A13103 A99107 Subtotal Ordinary Corporate Bonds B618DA B618DG B618DR B618D1 B618D7 B644CZ B718AF B718AG B718A4 B86910 B903XD B903YD B903YE B903YH B903YP B903YS B903YU B903YX B903Z2 B903Z6 F01020 F06805	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 1.125% 1.125% 1.250% 1.750% 1.125% 1.750% 1.750% 1.600% 1.620% 1.500% 1.650% 1.650% 1.530% 1.590% 1.650% 1.490% 0.600% 1.490% 1.590% 1.650% 1.900% 1.600% 1.800% 1.530% 1.570% 1.570% 6.237% 6.337%	Cost $ 99,025 149,807 449,816 249,170 49,940 103,651 1,693,534 200,000 100,001 100,000 50,000 399,960 99,363 100,000 100,000 100,118 200,000 193,062 200,000 49,933 100,000 100,000 100,000 100,000 199,787 99,542 100,000 307,050 307,050	Unit price (dollars)	Totalamount $ 99,244 149,820 451,601 256,394 49,940 103,669 1,702,584 201,557 100,164 100,117 49,977 399,847 99,362 99,841 99,542 100,459 199,997 192,998 199,565 50,138 100,445 100,956 100,383 100,836 199,697 99,979 99,933 307,274 307,934	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~108~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument F10321 F11203 F16202 F18710 G13111 Subtotal Convertible corporate bonds 20632 21043 23682 24393 24921 26107 28887 30336 36804 44382 50097 53064 53887 54342 61894 61965 62822 64145 68061 80705 84221 89964 99211	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 3.500% 6.583% 6.436% 6.556% 0.400%	Cost $ 34,616 153,627 307,050 153,525 100,011 4,054,695 17,570 47,422 37,258 19,564 12,555 46,336 15,571 63,889 10,541 11,546 58,177 45,650 37,937 21,078 31,302 41,688 16,034 91,717 82,385 17,264 29,788 19,453 37,895	Unit price (dollars)	Totalamount $ 34,623 153,637 308,576 152,143 98,053 4,058,033 17,990 47,415 38,874 19,794 12,638 46,125 15,570 64,386 10,771 11,489 60,257 45,632 39,929 21,275 31,745 42,488 15,954 91,761 82,579 17,396 30,276 18,926 38,265	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~109~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 99412 99585 99586 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Overseas securities: Overseas stocks NVIDIA CORP MICROSOFT CP FIRST SOLAR INC MICRON TECH GOOGLE INC DELL TECHNO ADV MICRO D AMAZON.COM Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Overseas bonds HYNMTR 6.25 11/03/25 KOLAHO 5.75 10/06/25 CHGRID4.125 05/07/24 DFHOLD6.875 11/06/26 MQGAU 5.391 12/07/26 MQGAU 6.255 12/07/34 FUKOKU FLOAT PERP ACGB 4.5 04/21/33 NBNAUS 5.75 10/06/28	Description	Units, shares or certificates 3,796 4,154 8,582 10,900 6,299 9,549 4,000 3,219 24,003	Par value (dollar)	Total amount	Interest rate (%) 6.250% 5.750% 4.125% 6.875% 5.391% 6.255% 6.800% 4.500% 5.750%	Cost 68,780 120,970 116,445 239,676 1,358,491 $ 51,006 42,484 44,463 24,920 26,623 21,106 17,821 13,918 71,201 313,542 346,217 307,051 305,783 291,956 246,100 181,150 174,680 159,612 154,669	Unit price (dollars) $ 15,205.73 11,546.31 5,289.86 2,620.36 4,289.18 2,348.93 4,526.22 4,665.32	Totalamount 68,953 121,068 128,071 243,252 1,382,879 $ 57,721 47,963 45,398 28,562 27,018 22,430 18,105 15,018 76,564 338,779 350,616 310,719 305,874 297,549 248,878 185,238 179,260 161,961 160,299	Changes in the fair value attributable to changes in creditrisk - - - - - $ - - - - - - - - - - - - - - - - - - -	Remark

~110~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument STANLN 6.75 02/08/28 LGENSO5.625 09/25/26 JPM FLOAT 12/08/26 TPR 7 11/27/26 BOCAVI 5.75 11/09/28 VW 6 11/16/26 KOROIL 5.25 11/14/26 PHILIP5.045 06/06/29 NIPLIF 6.25 09/13/53 UKT 4.5 06/07/28 SOCGEN4.875 11/21/31 UBS 5.808 11/24/28 ULFP 4.125 12/11/30 TPR 7.85 11/27/33 ADIBUH5.695 11/15/28 QIBKQD5.581 11/22/28 UBS 5.57 11/24/26 INDOIS 5.6 11/15/33 UBS 9.25 PERP GS 6.484 10/24/29 STANLN7.018 02/08/30 BGOSK 6.25 10/31/28 T 4.875 10/31/28 INDOIS 5.4 11/15/28 TPR 5.375 11/27/27 TOYOTA 5.4 11/20/26 C 5.488 12/04/26 SUMITR 5.65 09/14/26 HYNMTR 5.8 06/26/25 KOROIL FLOAT11/14/26 INDKOR5.125 10/25/24	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 6.750% 5.625% 6.406% 7.000% 5.750% 6.000% 5.250% 5.045% 6.250% 4.500% 4.875% 5.808% 4.125% 7.850% 5.695% 5.581% 5.570% 5.600% 9.250% 6.484% 7.018% 6.250% 4.875% 5.400% 5.375% 5.400% 5.488% 5.650% 5.800% 6.436% 5.125%	Cost $ 156,551 153,431 153,525 140,060 139,747 138,209 131,934 130,049 128,431 126,845 118,756 115,499 112,413 113,955 108,531 109,260 105,636 98,724 97,905 97,845 96,604 93,173 93,820 93,420 92,066 92,607 92,139 92,173 91,981 92,186 92,198	Unit price (dollars)	Totalamount $ 158,387 155,145 154,061 143,445 142,225 141,554 133,121 131,429 129,568 128,583 124,564 119,423 115,434 114,796 110,609 110,082 106,607 101,354 99,352 97,792 97,525 97,440 96,167 95,152 95,131 94,354 93,849 93,642 92,675 92,258 92,121	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~111~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument TPR 5.875 11/27/31 BKIR 4.625 11/13/29 NAB 5.4 11/16/28 MQGAU4.7471 01/23/30 GASBCM 6.51 02/23/42 WSTP 5.535 11/17/28 CINDBK 6 12/05/33 ADCBUH 5.5 01/12/29 AXP 6.338 10/30/26 UBS 9.016 11/15/33 NAB FLOAT 11/16/26 VW 4.5 03/25/26 VW 4.75 09/25/31 TPR 7.35 11/27/28 HEIGR 4.875 11/21/33 DBR 2.6 08/15/33 KSA 5 01/18/53 SUMIBK 5.88 07/13/26 IHGLN 4.375 11/28/29 DANBNK 4.5 11/09/28 CARR 4.125 05/29/28 SANTAN4.625 10/18/27 WSTP 7.199 11/15/38 HKLSP 5.25 07/14/33 PIFKSA4.875 02/14/35 BAYNGR6.125 11/21/26 DB 6.819 11/20/29 AUSEMO5.354 12/06/28 HNDA 5.65 11/15/28 DB 7.146 07/13/27 COF 7.149 10/29/27	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 5.875% 4.625% 5.400% 4.747% 6.510% 5.535% 6.000% 5.500% 6.338% 9.016% 5.275% 4.500% 4.750% 7.350% 4.875% 2.600% 5.000% 5.880% 4.375% 4.500% 4.125% 4.625% 7.199% 5.250% 4.875% 6.125% 6.819% 5.354% 5.650% 7.146% 7.149%	Cost $ 87,435 84,754 85,160 81,814 82,103 77,126 78,090 76,444 76,918 73,690 73,452 71,422 69,062 69,826 70,189 70,991 70,254 69,776 67,956 68,194 67,774 67,919 63,356 67,199 64,230 64,454 63,346 63,047 61,453 62,182 62,321	Unit price (dollars)	Totalamount $ 89,362 88,379 86,841 86,122 84,241 79,855 78,756 78,379 78,333 75,647 73,644 72,844 72,587 72,511 72,495 71,358 70,854 70,513 70,478 70,205 70,069 69,673 68,092 67,442 66,037 65,546 64,700 64,548 64,325 63,858 63,822	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~112~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument HSBC 8 PERP BAYNGR 4.25 08/26/29 MS 5.882 10/30/26 TPR 7.05 11/27/25 GM 5.8 01/07/29 ALDFP 4.375 11/23/26 C 5.864 09/29/25 ADCBUH5.375 07/18/28 WFC 5.254 12/11/26 SUNOTG 5.95 07/17/26 T 4.125 07/31/28 EIBKOR5.375 09/18/25 JPM 5.11 12/08/26 SUMIBK5.464 01/13/26 PIFKSA 6 10/25/28 SANTAN4.875 10/18/31 LEASYS 4.5 07/26/26 T 4.375 11/30/28 TOYOTA 5.55 11/20/30 MEX 6.35 02/09/35 NSANY 6.95 09/15/26 UBS 6.327 12/22/27 PLNIJ 5.45 05/21/28 HNDA 5.8 10/03/25 BNS 5.35 12/07/26 KSA 4.75 01/18/28 MQGAU FLOAT 12/07/26 CI 5.685 03/15/26 NWIDE 6.557 10/18/27 SANTAN6.527 11/07/27 CARR 4.375 05/29/25	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 8.000% 4.250% 5.882% 7.050% 5.800% 4.375% 5.864% 5.375% 5.254% 5.950% 4.125% 5.375% 5.110% 5.464% 6.000% 4.850% 4.500% 4.375% 5.550% 6.350% 6.950% 6.327% 5.450% 5.800% 5.350% 4.750% 6.551% 5.685% 6.557% 6.527% 4.375%	Cost $ 63,030 61,609 61,586 61,722 61,497 61,177 61,428 60,546 61,453 62,023 60,719 61,442 61,428 61,815 57,133 53,304 50,735 50,145 46,684 48,126 46,817 46,940 46,694 46,200 46,050 46,377 46,068 45,973 42,994 43,550 42,433	Unit price (dollars)	Totalamount $ 63,672 63,447 63,164 62,891 62,878 62,683 62,477 62,378 62,191 62,175 62,055 62,043 62,025 61,907 58,480 54,353 51,904 50,283 48,550 48,347 47,556 47,535 46,914 46,894 46,831 46,619 46,246 46,069 44,478 44,462 42,848	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~113~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument NAB 5.2 11/16/26 T 4.5 11/15/33 CARR 4.5 11/29/32 CAABNK 6 12/06/26 KHFC 5.375 11/15/26 ROMANI6.625 09/27/29 MAEXIM 6 05/16/29 BNP 4.75 11/13/32 BAMIIM4.625 11/29/27 TOYOTA 4 04/02/27 POLAND3.625 11/29/30 LSELN 4.125 09/29/26 SOCGEN 4.25 09/28/26 SWEDA 4.625 05/30/26 NBNAUS 6 10/06/33 ISPIM 7.2 11/28/33 HYUELE 6.5 01/17/33 KEBHNB 5.75 10/24/28 USB 6.787 10/26/27 T 4.625 09/30/28 GM 6.1 01/07/34 NAB FLOAT 11/16/28 BACR 6.496 09/13/27 BPCEGP6.612 10/19/27 JPM 6.07 10/22/27 KOMATS5.499 10/06/27 DPWDU 5.5 09/13/33 RSG 5 12/15/33 TOYOTA 5.6 09/11/25 BBLTB 5.3 09/21/28 SUMITR 5.65 03/09/26	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 5.200% 4.500% 4.500% 6.000% 5.375% 6.625% 6.000% 4.750% 4.625% 4.000% 3.625% 4.125% 4.250% 4.625% 6.000% 7.200% 6.500% 5.750% 6.787% 4.625% 6.100% 5.455% 6.496% 6.612% 6.070% 5.499% 5.500% 5.000% 5.600% 5.300% 5.650%	Cost $ 41,933 40,119 37,196 39,062 36,759 36,092 33,869 33,970 33,956 33,954 33,799 33,990 33,980 33,945 30,628 30,792 32,413 30,736 31,180 30,487 31,190 31,486 30,551 30,800 30,758 30,870 30,156 30,524 30,777 31,177 30,865	Unit price (dollars)	Totalamount $ 42,729 40,315 40,024 39,961 37,467 36,363 36,098 36,091 35,070 35,049 34,994 34,876 34,840 34,337 33,088 32,739 32,425 32,137 32,073 31,702 31,655 31,645 31,623 31,620 31,597 31,515 31,436 31,330 31,216 31,197 31,108	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~114~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument UBS 5.8 09/11/25 MBGGR 5.375 08/01/25 SUMIBKFLOAT 07/13/26 SKONKR5.375 05/11/26 SUMITR FLOAT09/14/26 MUFG 5.719 02/20/26 WSTP FLOAT 11/17/25 BAYNGR4.625 05/26/33 ENBW 4.3 05/23/34 JPM 4.457 11/13/31 ACAFP 4.375 11/27/33 VW 5.65 09/15/28 UBS FLOAT 11/24/28 UBS FLOAT 11/24/26 ANZ FLOAT 09/11/26 LEASYS4.625 02/16/27 PACLIF5.375 11/30/28 ACGB 2.75 11/21/28 MASSMU 5 12/12/27 HMBSS 4.875 10/25/31 HSBC 4.787 03/10/32 INTNED 4.5 05/23/29 SRGIM 4 11/27/29 BYLAN 4.375 09/21/28 TPR 5.35 11/27/25 T 4.75 11/15/53 STOAU 6.875 09/19/33 NSC 5.55 03/15/34 NSANY 7.05 09/15/28 BNP 8.5 PERP VW 6.2 11/16/28	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 5.800% 5.375% 6.392% 5.375% 5.345% 5.719% 6.076% 4.625% 4.300% 4.457% 4.375% 5.650% 5.846% 5.646% 4.910% 4.625% 5.375% 2.750% 5.000% 4.875% 4.787% 4.500% 4.000% 4.375% 5.350% 4.750% 6.875% 5.550% 7.050% 8.500% 6.200%	Cost $ 30,571 30,680 30,714 30,783 30,705 30,648 30,718 27,139 25,475 23,798 24,819 20,995 20,980 20,980 20,980 20,328 19,555 19,544 19,518 17,395 17,455 17,285 16,833 17,188 16,974 17,308 16,396 15,350 16,064 16,021 15,326	Unit price (dollars)	Totalamount $ 31,089 31,013 30,907 30,878 30,863 30,838 30,778 28,435 26,976 25,083 25,015 21,232 21,121 21,051 20,988 20,936 20,330 20,155 20,005 18,180 17,998 17,531 17,507 17,434 17,335 17,264 16,362 16,263 16,193 16,119 16,116	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~115~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument GRPIBI6.129 02/23/38 SUMIBK5.716 09/14/28 LGENSO 5.75 09/25/28 TMO 5 01/31/29 SUMITR 5.5 03/09/28 BAC 5.933 09/15/27 BFCM 5.896 07/13/26 NIPPBK 5.9 09/08/26 BMO 5.266 12/11/26 WSTP 5.512 11/17/25 KORHIC 5.5 07/17/26 KORELE5.375 07/31/26 ANZ 5.375 07/03/25 POHANG5.625 01/17/26 HYNMTR 5.65 06/26/26 MUFG 5.541 04/17/26 KDB FLOAT 10/23/26 UBS FLOAT 09/11/25 T 3.75 12/31/28 SOGESA 6.5 05/16/44 TENCNT3.975 04/11/29 SDZSW 4.5 04/17/33 NYLIFE 4.95 12/07/29 AIANZ 6.482 11/16/33 PIFKSA5.125 02/14/53 CGJAU 5.8 07/15/31 BFCM 4.75 11/10/31 CABKSM4.375 11/29/33 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%) 6.129% 5.716% 5.750% 5.000% 5.500% 5.933% 5.896% 5.900% 5.266% 5.512% 5.500% 5.375% 5.375% 5.625% 5.650% 5.541% 6.045% 6.275% 3.750% 6.500% 3.975% 4.500% 4.950% 6.482% 5.125% 5.800% 4.750% 4.375%	Cost $ 15,698 15,847 15,265 15,346 15,750 15,498 15,368 15,585 15,353 15,368 15,322 15,341 15,348 15,484 15,335 15,348 15,353 15,353 15,299 13,553 14,577 13,598 11,726 10,497 11,032 10,759 10,155 10,109 74,358 11,726,690	Unit price (dollars)	Totalamount $ 16,068 15,897 15,805 15,760 15,730 15,672 15,670 15,595 15,575 15,571 15,543 15,517 15,487 15,481 15,479 15,388 15,375 15,368 15,285 14,699 14,606 14,442 12,194 11,192 11,126 10,896 10,831 10,731 75,837 11,957,245	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~116~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Hong Kong stocks CSOP Hang Seng Index Daily (-1x) Inverse Product Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Japan stocks Towa Corp Disco Corp 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 DIREXION DA ISHARES 1-3 Global X Ur Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Total Valuation adjustment Total market price	Description	Units, shares or certificates 600,000 200,000 10,400 2,100 93,200 780 30,000 7,500 12,000 20,410	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 13,188 5,768 18,956 15,231 15,714 73,778 104,723 1,570 1,570 22,028 19,655 10,063 16,391 68,137 28,592,036 722,972 $ 29,315,008	Unit price (dollars) $ 23.36 1,548.64 7,597.66 964.14 2,519.04 850.22	Totalamount $ 14,015 6,102 20,117 16,106 15,955 73,987 106,048 1,800 1,800 28,924 18,893 10,203 16,235 74,255 $ 29,315,008	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - $ -	Remark

~117~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Trading securities-underwriter Stocks: TSE Stocks Others (the balance of each security does not exceed $10,000, collectively presented) OTC Stocks Gudeng Precision Industrial Co., LTD Asia Metal Industries, Inc. Johnson Chemical Pharmaceutical Works CO.,LTD Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Bonds: Convertible corporate bonds 17862 20662 24393 24624 32903 36804 44163 47471 49163 49164 53095 59055 62884 64692 66033	Description	Units, shares or certificates 520,000 234,275 274,113 131,000 115,135	Par value (dollar) $ 10 10 10	Total amount	Interest rate (%)	Cost $ 6,084 59,197 13,566 6,288 10,469 89,520 25,500 44,074 18,593 29,400 25,644 48,000 17,387 38,000 19,500 23,300 48,743 48,000 29,200 63,360 28,700	Unit price (dollars) $ 370.50 58.80 83.70	Totalamount $ 7,800 86,799 16,118 10,965 13,834 127,716 45,645 43,388 20,572 35,868 33,600 59,424 20,328 52,820 25,935 24,558 52,865 55,680 32,295 85,850 29,418	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - -	Remark

~118~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 74021 80506 99061 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Total Valuation adjustment Total market price Trading securities-hedging Stocks: TSE Stocks GRAND PACIFIC PETROCHEMICAL CORPORATION Shihlin Electric & Engineering Corp. CHUNG-HSIN ELECTRIC & MACHINERY MFG. CORP. FORTUNE ELECTRIC CO.,LTD WALSIN LIHWA CORPORATION Johnson Health Tech. Co., Ltd. Lotus Pharmaceutical Co., Ltd. KING SLIDE WORKS CO.,LTD YULON MOTOR CO.,LTD SANYANG MOTOR CO., LTD. Cayman Engley Industrial Co., Ltd. LITE-ON TECHNOLOGY CORP. UNITED MICROELECTRONICS CORP. DELTA ELECTRONICS, INC. COMPEQ MANUFACTURING COMPANY LIMITED HON HAI PRECISION IND. CO., LTD. YAGEO CORPORATION Orient Semiconductor Electronics, Limited	Description	Units, shares or certificates 800,000 113,000 550,994 35,999 506,479 157,000 86,118 34,946 170,386 158,000 562,000 124,772 1,339,371 134,252 640,784 3,065,652 37,663 294,000	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate (%)	Cost $ 13,100 29,500 21,780 30,915 602,696 698,300 175,242 $ 873,542 $ 11,920 13,860 67,030 11,800 19,611 11,178 23,118 30,579 12,273 9,811 32,855 14,284 71,448 38,933 46,335 318,308 22,794 17,407	Unit price (dollars) $ 15.20 118.50 116.50 327.00 38.65 68.70 272.00 914.00 74.80 71.40 59.50 117.00 52.60 313.50 70.70 104.50 597.00 54.50	Totalamount $ 27,117 35,695 23,760 33,208 738,026 $ 873,542 $ 12,160 13,391 64,191 11,772 19,575 10,786 23,424 31,941 12,745 11,281 33,439 14,598 70,451 42,088 45,303 320,361 22,485 16,023	Changes in the fair value attributable to changes in creditrisk $ - - - - - $ - $ - - - - - - - - - - - - - - - - - -	Remark

~119~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Taiwan Semiconductor Manufacturing Co., Ltd. Winbond Electronics Corporation Accton Technology Corp. Qisda Corporation ACER INCORPORATED INVENTEC CORPORATION ASUSTEK COMPUTER INC. Silicon Integrated Systems Corp. 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. VIA TECHNOLOGIES, INC. NANYA TECHNOLOGY CORPORATION AUO Corporation SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LT MediaTek Inc. PHIHONG TECHNOLOGY CO., LTD. WALSIN TECHNOLOGY CORPORATION CROWELL DEVELOPMENT CORP. EVERGREEN MARINE CORP. (TAIWAN) LTD. Yang Ming Marine Transport Corp. China Airlines Ltd. WAN HAI LINES LTD. EVA AIRWAYS CORPORATION Aerospace Industrial Development Corporation Elite Semiconductor Microelectronics Tech Inc LARGAN Precision Co.,Ltd	Description	Units, shares or certificates 600,648 918,302 54,188 327,000 292,000 1,357,999 35,912 420,989 141,442 492,000 310,598 85,000 21,408 305,000 105,366 130,434 978,000 2,156,200 200,888 297,498 192,036 384,626 436,000 935,180 954,998 1,168,000 199,560 2,542,992 694,000 147,000 62,576	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 $ 338,505 27,185 27,930 14,870 14,706 68,981 16,825 20,547 31,073 21,407 79,446 16,525 8,616 66,756 40,660 20,403 70,513 36,898 20,771 257,517 11,573 50,812 10,966 130,281 50,682 25,375 12,142 80,096 36,672 14,828 150,292	Unit price (dollars) $ 593.00 30.45 523.00 48.00 53.80 52.80 489.50 45.60 218.00 42.00 266.00 204.00 471.50 224.50 382.00 156.50 78.00 18.15 107.50 1,015.00 58.90 123.00 34.55 143.50 51.30 21.65 55.00 31.45 53.60 98.00 2,870.00	Totalamount $ 356,184 27,962 28,340 15,696 15,710 71,702 17,579 19,197 30,834 20,664 82,619 17,340 10,094 68,473 40,250 20,413 76,284 39,135 21,595 301,960 11,311 47,309 15,064 134,198 48,991 25,287 10,976 79,977 37,198 14,406 179,593	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~120~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Asia Vital Components Co., Ltd. Novatek Microelectronics Corporation FARADAY TECHNOLOGY CORP. Unimicron Technology Corp. Wistron Corporation GENIUS ELECTRONIC OPTICAL CO.,LTD. Global Unichip Corp. INNOLUX CORPORATION FORMOSA SUMCO TECHNOLOGY CORPORATION LOTES CO., LTD FocalTech Systems Co., Ltd. Scientech Corporation EDISON OPTO CORPORATION Cyber Power Systems, Inc. Alchip Technologies, Limited MiTAC Holdings Corporation ASE Technology Holding Co., Ltd. Jinan Acetate Chemical Co., LTD. Pegatron Corporation Fitipower Integrated Technology Inc. TEAM GROUP INC. RichWave Technology Corporation Castles Technology Co., Ltd. Farglory F T Z Investment Holding Co.,Ltd. L & K ENGINEERING CO., LTD. TONG HSING ELECTRONIC INDUSTRIES ,LTD. AcBel Polytech Inc. Silergy Corp. WinWay Technology Co., Ltd. AP Memory Technology Corporation Andes Technology Corporation	Description	Units, shares or certificates 119,362 65,624 226,790 396,183 1,301,114 44,701 33,328 3,017,496 60,000 11,497 143,000 104,000 791,000 82,528 294,443 1,087,000 116,700 32,943 135,000 51,481 180,000 77,029 128,750 528,000 130,829 99,003 1,295,448 55,155 18,670 112,823 35,585	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 $ 37,927 27,090 81,916 70,182 113,016 18,525 51,661 40,534 11,129 11,972 16,599 22,271 19,586 17,810 1,018,500 46,154 14,003 28,575 11,795 14,075 14,472 13,876 16,915 30,269 20,756 15,682 54,928 31,257 15,366 49,937 16,747	Unit price (dollars) $ 336.50 517.00 357.00 176.00 98.60 420.50 1,740.00 14.30 168.50 1,070.00 112.50 214.00 24.40 203.00 3,275.00 44.55 135.00 798.00 87.30 257.50 87.60 184.00 124.00 57.60 170.00 157.50 41.10 500.00 839.00 469.00 480.00	Totalamount $ 40,165 33,928 80,964 69,728 128,290 18,797 57,991 43,150 10,110 12,302 16,088 22,256 19,300 16,753 964,301 48,426 15,755 26,289 11,786 13,256 15,768 14,173 15,965 30,413 22,241 15,593 53,243 27,578 15,664 52,914 17,081	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~121~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Wiwynn Corporation LUNGTEH SHIPBUILDING CO., LTD. VIA LABS, INC. VisEra Technologies Company Ltd. NAN YA PRINTED CIRCUIT BOARD CORPORATION CHENBRO MICOM CO., LTD. KNH ENTERPRISE CO., LTD. Century Iron And Steel Industrial Co.,Lt Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal OTC stocks CHINA FINEBLANKING TECHNOLOGY CO., LTD. C.T.I. TRAFFIC INDUSTRIES CO.,LTD. CHANNEL WELL TECHNOLOGY CO.,LTD WIN SEMICONDUCTORS CORP. GRAND PROCESS TECHNOLOGY CORPORATION JETWELL COMPUTER CO.,LTD. RDC Semiconductor Co.,Ltd. ADATA Technology Co., Ltd. CHIALIN Precision Industrial Co., Ltd. AURAS Technology Co.,Ltd. Casing Macron Technology Co., Ltd. ABILITY OPTO-ELECTRONICS TECHNOLOGY CO.,LTD. Forcecon Technology Co., Ltd. eMemory Technology Inc. JARLLYTEC CO. , LTD. ARBOR Technology Corp. GIGASOLAR MATERIALS CORPORATION AIC Inc.	Description	Units, shares or certificates 42,953 250,000 56,179 75,000 46,400 54,056 534,000 106,999 7,349,283 398,985 1,249,627 208,775 326,000 18,824 252,000 154,642 101,971 1,645,000 94,544 2,752,000 150,000 66,111 4,120 1,185,030 419,000 122,000 72,980	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 $ 73,452 23,784 15,040 21,462 15,034 14,421 14,434 18,869 493,603 5,191,021 12,982 126,169 17,793 53,165 10,608 17,888 39,556 10,541 139,443 33,009 89,679 25,855 10,451 7,564 240,033 20,308 10,683 33,872	Unit price (dollars) $ 1,825.00 85.50 275.00 276.50 251.50 271.50 26.35 174.50 33.70 164.50 84.20 159.00 596.00 93.00 280.00 103.00 109.00 352.50 38.20 173.00 162.50 2,450.00 189.50 47.70 90.50 441.00	Totalamount $ 78,389 21,375 15,449 20,738 11,670 14,676 14,071 18,671 489,539 5,277,201 13,446 205,564 17,579 51,834 11,219 23,436 43,300 10,503 179,305 33,327 105,126 25,950 10,743 10,094 224,563 19,986 11,041 32,184	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~122~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Center Laboratories, Inc. ONENESS BIOTECH CO., LTD. LuxNet Corporation BAOTEK INDUSTRIAL MATERIALS LTD. Vanguard International Semiconductor Co. Etron Technology, Inc. UNIPLUS ELECTRONICS CO.,LTD. TAIWAN SEMICONDUCTOR CO., LTD. Sino-American Silicon Products Inc. GENESYS LOGIC, INC. KENMEC MECHANICAL ENGINEERING CO.,LTD. LEATEC FINE CERAMICS CO., LTD. ATE ENERGY INTERNATIONAL CO. LTD. ALL RING TECH CO., LTD. MPI CORPORATION Insyde Software Corp. TAIWAN UNION TECHNOLOGY CORPORATION GlobalWafers Co., Ltd M31 Technology Corporation KEYSTONE MICROTECH CO. ACER E-ENABLING SERVICE BUSINESS INC. IBASE TECHNOLOGY INC. E INK HOLDINGS INC. ADVANCED WIRELESS SEMICONDUCTOR COMPANY ATW TECHNOLOGY INC. PROGATE GROUP CORPORATION Phison Electronics Corp. Wiselink Co., Ltd. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal	Description	Units, shares or certificates 360,345 330,348 2,508,601 255,000 265,474 413,287 2,100,000 240,880 172,000 162,000 266,000 798,000 1,091,000 91,000 51,000 95,000 112,873 30,000 98,961 245,000 88,000 179,000 201,113 88,000 235,000 736,732 41,854 2,625,000 3,601,616	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	Total amount	Interest rate (%)	Cost $ 16,579 66,564 407,274 16,118 25,154 22,009 61,646 22,678 32,641 20,184 16,227 17,875 33,492 12,764 10,961 25,452 13,910 18,242 98,789 73,850 27,969 14,451 37,665 11,509 13,704 188,287 21,091 265,227 341,956 2,833,867	Unit price (dollars) $ 44.30 194.50 144.00 59.00 81.50 54.00 27.60 91.50 196.00 120.00 63.00 27.45 33.30 141.00 217.50 259.50 126.00 587.00 1,060.00 312.00 295.00 80.70 197.00 131.00 62.40 268.00 520.00 115.00	Totalamount $ 15,963 64,253 361,239 15,045 21,636 22,317 57,960 22,041 33,712 19,440 16,758 21,905 36,330 12,831 11,093 24,653 14,222 17,610 104,899 76,440 25,960 14,445 39,619 11,528 14,664 197,444 21,764 301,875 333,442 2,960,288	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~123~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Warrants Others (the balance of each security does not exceed $10,000, collectively presented) Exchange traded fund Others (the balance of each security does not exceed $10,000, collectively presented) Bonds: Convertible corporate bonds 28887 64145 22013 99211 50097 99412 65931 288701 68691 62822 23682 61965 84221 44382 53887 80705 21043 64723 24393 34132 36804 99585	Description	Units, shares or certificates 14,528,000 1,072,000	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 15,694 15,141 867,416 690,601 553,814 373,378 289,452 291,709 78,238 252,412 221,718 219,034 198,877 172,889 165,394 170,906 164,582 159,977 162,943 158,952 126,228 110,125 113,890 112,070	Unit price (dollars)	Totalamount $ 18,202 15,727 883,027 695,769 533,537 384,312 296,700 291,981 258,100 249,535 223,558 215,816 199,386 178,879 175,624 171,707 171,406 164,694 162,910 154,477 131,550 122,375 118,848 114,814	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~124~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 62791 68061 22313 29061 58711 33101 54342 49066 61906 30882 24361 33881 66701 45663 32903 89383 30061 81034 33244 33571 62574 62843 30336 15261 37074 33233 62882 15894 82551 61894 66033	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 106,555 101,205 109,568 102,894 96,740 76,694 77,233 77,937 76,125 69,584 64,100 59,094 59,178 60,587 51,810 53,100 49,364 45,916 51,029 42,013 45,062 43,402 40,286 44,161 48,574 41,204 38,790 40,597 35,483 35,162 36,678	Unit price (dollars)	Totalamount $ 106,115 105,468 104,029 103,731 94,938 87,400 78,879 76,788 76,656 69,122 64,190 62,135 62,093 60,499 56,000 52,092 50,686 49,605 48,924 44,969 44,736 43,992 43,253 43,098 42,346 39,227 38,148 37,980 37,278 37,193 35,670	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~125~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 37012 34843 41237 20632 36633 41902 30133 62853 23383 66683 68041 47393 15991 61754 45641 62884 27271 84422 41236 82991 49681 26415 61041 41683 36871 20652 35121 99586 45801 30103 53095	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 38,365 33,541 34,187 32,770 29,715 37,493 31,341 16,057 32,177 30,364 31,304 29,285 28,755 28,051 30,401 26,888 28,074 24,654 26,291 25,131 19,718 26,227 24,933 27,112 24,092 22,205 24,254 21,670 22,714 21,515 21,051	Unit price (dollars)	Totalamount $ 34,835 34,428 34,201 33,981 33,267 33,199 31,957 30,420 30,294 30,270 29,685 28,770 28,633 28,620 28,406 27,650 27,355 27,300 26,634 26,340 25,935 25,626 25,566 25,244 23,805 23,702 23,596 23,083 22,960 22,290 21,582	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~126~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 61263 47147 67611 53064 81713 80506 84662 45401 15864 44163 64692 64774 50114 24921 15141 56086 65095 84421 22362 33224 15324 13382 22081 31282 36451 65913 61564 54501 41235 84331 36172	Description	Units, shares or certificates	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 20,235 21,164 20,661 19,727 22,518 18,876 18,861 18,679 16,760 14,682 13,983 17,193 15,900 15,272 13,704 15,066 15,029 10,366 14,355 15,321 12,980 14,601 15,851 15,905 13,580 14,282 12,800 13,935 13,262 11,258 11,965	Unit price (dollars)	Totalamount $ 21,394 21,350 21,200 20,444 20,320 19,844 19,247 18,235 17,263 16,803 16,238 16,102 16,006 15,446 15,329 15,302 14,979 14,790 14,715 14,661 14,526 14,300 14,231 14,163 13,520 13,386 13,233 13,219 13,138 12,635 12,433	Changes in the fair value attributable to changes in creditrisk $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~127~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 35763 52091 20662 20122 62743 22393 61874 65851 34654 55431 Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Corporate bond B99604 Depository Receipt Medtecs International Corporation Ltd. Overseas securities: Japan Stocks Tokyo Electron Ltd. Others (the balance of each security does not exceed $10,000, collectively presented) Subtotal Korea Stocks SK HYNIX IN SAMSUNG ELE	Description	Units, shares or certificates 395,000 5,400 33,600 7,150 22,350	Par value (dollar)	Total amount	Interest rate (%) 3.85%	Cost 12,747 11,419 11,082 10,603 10,199 12,630 9,563 9,487 10,030 10,432 333,361 9,315,389 100,000 3,456 21,391 15,077 36,468 20,482 39,790	Unit price (dollars) 5,485.38 3,353.55 1,860.45	Totalamount 12,113 11,120 10,928 10,669 10,458 10,370 10,280 10,206 10,145 10,050 339,558 9,610,228 99,982 3,314 29,621 22,763 52,384 23,978 41,581	Changes in the fair value attributable to changes in creditrisk - - - - - - - - - - - - - - - - - - -	Remark

~128~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 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 Total Valuation adjustment Total market price Total	Description	Units, shares or certificates 245	Par value (dollar)	Total amount	Interest rate (%)	Cost $ 7,382 67,654 17,578,690 527,952 $ 18,106,642 $ 48,511,804	Unit price (dollars)	Totalamount $ 3,757 69,316 $ 18,106,642 $ 48,511,804	Changes in the fair value attributable to changes in creditrisk $ - - $ - $ -	Remark

~129~

PRESIDENT SECURITIES CORPORATION

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

DECEMBER 31, 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 4.625 09/30/28 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 (%) 2.500% 3.250% 4.625% 4.125%	Cost $ 189,812 189,812 205,719 395,531 1,195,105 206,952 968,609 310,660 2,681,326 1,823 2,683,149 $ 3,078,680	Accumulated impairment	Fair value	Fair value
								Unit price (dollars) $ 593.00	Total amount
									$ 395,531
									395,531
									1,169,904 205,564 998,604 309,077
									2,683,149
									$ 3,078,680

~130~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF DERIVATIVES INSTRUMENTS

DECEMBER 31, 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 $ 829 91 4,311,941 40,210 220,006 101,848 4,674,096 $ 4,674,925 $ 2,607,162 33,039 57,045 2,697,246 1,035,690 2,187 551,890 $ 4,287,013	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”.

~131~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF MARGIN LOANS RECEIVABLE

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of securities MediaTek Inc. Taiwan Semiconductor Manufacturing Co., Ltd. Global Unichip Corporation Alchip Technologies, Limited Wistron Corporation QUANTA COMPUTER INC. AP Memory Technology Corporation Lotus Pharmaceutical Co., Ltd. Jinan Acetate Chemical Co., LTD. FORMOSA OILSEED PROCESSING CO,LTD Others Less: Allowance for uncollectible accounts Total	Shares 1,054,000 1,517,000 443,000 238,000 5,550,000 2,150,000 902,000 1,273,000 433,000 5,460,000 421,085,000 (	Amount $ 465,910 458,825 455,144 436,929 334,778 279,570 221,208 209,985 206,648 178,197 14,194,827 46,779 ) $ 17,395,242	Remark

~132~

PRESIDENT SECURITIES CORPORATION STATEMENT OF ACCOUNTS RECEIVABLE

DECEMBER 31, 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 Taiwan Stock Exchange Corporation Others Spot exchange receivable, foreign currencies Others Settlement price receivable-Foreign Bonds Others Interest receivable Others Others Less: Allowance for uncollectible accounts Total	Description (	Amount $ 3,005 1,191 $ 4,196 $ 13,698,197 1,763,397 16,803 1,780,200 1,053,787 419,327 1,473,114 37,393 916,071 478,227 700,798 641 ) $ 19,083,359	Remark

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

~133~

PRESIDENT SECURITIES CORPORATION STATEMENT OF OTHER CURRENT ASSETS

DECEMBER 31, 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 $ 282,289 400,000 47,264 90,245 860,210 53,984 $ 1,733,992	(Expressed in thousands of New Taiwan dollars) Description Amount Remark $ 282,289 400,000 47,264 90,245 860,210 53,984 $ 1,733,992

~134~

PRESIDENT SECURITIES CORPORATION

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

FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Beginningbalance	Beginningbalance	Increased	Increased
Shares or certificates	Fair value	Shares or certificates -	Amount	Shares or certificates ( 217,392 ) ( ( (
260,870	$ 16,604 49,779		$ - -
	$ 66,383		$ -

Note: Applying for guarantee for trust fund.

~135~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Beginningbalance	Beginningbalance	Increased	Increased	Decreased Shares or certificates Amount - $ - - ( 3,175 ) ( $ 3,175 )	Ending	balance	Collateral
Shares or certificates	Fair value	Shares or certificates 170,637 134,019	Amount	Shares or certificates - - ( (	Shares or certificates	Fair value
1,421,975 957,281	$ 178,785 116,070		$ 15,768 -		1,592,612 1,091,300	$ 194,553 112,895	No No
	$ 294,855		$ 15,768			$ 307,448

~136~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN INVESTMENTS ACCOUNTED FOR UNDER THE EQUITY METHOD FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Market value or

							Market value or	Market value or
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		Increased Shares Amount (Note 1) - $ 318,317 - 5,703 - - - 180 - - - 223,454 - - - 41,624 - - $ 589,278	Decreased Shares Amount (Note 2) - ( $ 165,724 ) - ( 145 ) - ( 524,528 ) - ( 60,754 ) - ( 1,552 ) - ( 174,366 ) - ( 21,290 ) - ( 33,501 ) - ( 148,301 ) ( $ 1,130,161 )	Endingbalance Shares Sharehold -ingratio Amount 63,817,303 96.69% $ 2,699,883 30,000,000 100.00% 310,452 192,600,000 100.00% 810,334 23,400,000 100.00% - 1,000,000 100.00% - 14,904,630 42.46% 796,561 30,000,000 100.00% 246,211 1,000,000 100.00% 65,304 - 49.00% 2,615,717 $ 7,544,462		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) $ 42.31 10.35 4.21 - - 41.41 8.21 65.30 -	Total amount
		$ 2,547,290 304,894 1,334,862 60,574 1,552 747,473 267,501 57,181 2,764,018						$ 2,699,883 310,452 810,334 - - 617,189 246,211 65,304 2,615,717	No No No No No No No No No
		$ 8,085,345						$ 7,365,090

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.

~137~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 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 $ 57,922 38,371 97,300 2,029 $ 195,622	Decreased $ - ( 1,815) ( 29,387) ( 8,102) ( $ 39,304)	Ending balance $ 1,631,492 1,087,437 442,860 16,486 $ 3,178,275	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 $125,901.

~138~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Buildings Equipment Leasehold improvements Total	Beginningbalance ( $ 478,762) ( 115,969) ( 14,116) ( $ 608,847)	Increased ( $ 50,062) ( 95,144) ( 3,285) ( $ 148,491)	Decreased $ 1,815 29,375 8,102 $ 39,292	Endingbalance ( $ 527,009) ( 181,738) ( 9,299) ( $ 718,046)	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.

~139~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN RIGHT-OF-USE ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

Item Buildings Transportation equipment (Business vehicles) Office equipment (Photocopiers) Total	(Expressed in thousands of New Beginning balance Increased $ 261,772 $ 36,848 27,154 5,485 11,273 136 $ 300,199$ 42,469	Taiwan dollars) Decreased ( $ 39,828) ( 4,883) - ( $ 44,711)	Ending balance $ 258,792 27,756 11,409 $ 297,957	Remark

~140~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF RIGHT-OF-USE ASSETS FOR THE YEAR ENDED DECEMBER 31, 2023

FOR THE YEAR ENDED DECEMBER 31, 2023
(Expressed in thousands of New Taiwan dollars) Item Beginning balance Increased Decreased Accumulated depreciation - Buildings ( $ 125,853) ( $ 63,437) $ 39,828 Accumulated depreciation - Transportation equipment (Business vehicles) ( 14,056) ( 5,535) 4,810 Accumulated depreciation - Office equipment (Photocopiers) ( 5,195) ( 2,226) - Total ( $ 145,104) ( $ 71,198) $ 44,638	Endingbalance
	( $ 149,462) ( 14,781) ( 7,421)
	( $ 171,664)

~141~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF LEASE LIABILITIES

DECEMBER 31, 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 2015/01-2028/12 2019/06-2028/08 2019/08-2027/07 2015/01-2028/12 2019/06-2028/08 2019/08-2027/07	Discount rate 0.571%~1.7082% 0.571%~1.7082% 0.571%~1.7082% 0.571%~1.7082% 0.571%~1.7082% 0.571%~1.7082%	Endingbalance $ 48,369 4,886 2,341 55,596 55,854 8,304 1,879 66,037 $ 121,633	Remark

~142~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF SHORT-TERM LOANS

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Type of loan Unsecured loans	Description	Endingbalance $ 6,944,759	Contract term Due within one year	Interest rate 1.65%~5.91%	Loan Commitment $ 16,142,430	Collateral	Remark

~143~

PRESIDENT SECURITIES CORPORATION STATEMENT OF ACCOUNTS PAYABLE

DECEMBER 31, 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 Taipei Exchange Others Spot exchange payable, foreign currencies Others Settlement accounts payable - foreign bonds Others Others Total	Description	Amount $ 14,683,802 811,969 26,371 838,340 34,185 51,729 158,324 244,238 37,386 977,154 274,677 $ 17,055,597	Remark

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

~144~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
A01108 A03108 A06108 A01112 A07112 A08112 A08112 A10112 A10112 A10112 A10112 A10112 A10112 A11112 A11112 A11112 A0799 B618D1 B618D7 B618D7 B618DA B618DG B618DR B644CZ B718A7 B718AF B718AG B86910 B903XD B903YD	20231213 20231218 20231219 20231228 20231220 20231226 20231228 20231218 20231220 20231225 20231227 20231228 20231213 20231221 20231226 20231222 20231229 20231204 20231214 20231219 20231218 20231201 20231207 20231214 20231204 20231120 20231120 20221222 20231205 20231208	20240112 20240116 20240119 20240112 20240112 20240123 20240112 20240116 20240112 20240108 20240110 20240112 20240112 20240104 20240123 20240122 20240102 20240103 20240110 20240103 20240116 20240112 20240105 20240110 20240103 20240111 20240111 20240102 20240104 20240105	1.10% 1.28% 1.28% 0.97% 1.28% 0.97% 0.97% 1.28% 1.28% 0.97% 0.97% 0.97% 1.10% 0.97% 0.97% 1.10% 0.97% 1.26% 1.37% 1.39% 1.28% 1.26% 1.37% 1.37% 1.26% 1.36% 1.36% 1.39% 1.37% 1.37%	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 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 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	$ 250,000 100,000 200,000 50,000 100,000 50,000 85,000 100,000 100,000 135,100 95,200 50,000 200 135,100 50,000 49,600 50,000 50,000 200,000 200,000 200,000 100,000 100,000 100,000 100,000 100,000 100,000 200,000 200,000 200,000	$ 277,778 100,000 200,000 50,000 100,000 50,000 85,044 100,000 100,000 150,046 105,736 50,000 144 150,102 50,033 55,044 50,000 50,212 200,000 200,093 200,373 100,667 100,000 100,000 100,551 100,102 100,102 200,374 200,000 200,000

~145~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
B903YE B903YH B903YP B903YS B903YU B903YX B903Z2 B903Z6 G13111 22013 84221 68691 65931 44382 50097 64145 28887 62822 24393 23682 99211 61965 28887 P21QNBF2 P21QNBF2 P21QNBF2 P21QNBF2 P21QNBF2 P21QNBF2 P23KEXIM1	20231208 20231201 20231214 20231213 20231201 20231206 20231227 20231208 20231222 20231218 20231227 20231227 20231218 20231218 20231218 20231218 20231221 20231218 20231227 20231227 20231222 20231227 20231227 20230814 20231206 20231207 20231211 20231227 20231229 20231201	20240105 20240102 20240112 20240110 20240102 20240105 20240108 20240105 20240118 20240108 20240110 20240110 20240112 20240112 20240112 20240115 20240117 20240118 20240123 20240123 20240124 20240126 20240126 20240220 20240109 20240111 20240112 20240223 20240126 20241129	1.37% 1.26% 1.28% 1.26% 1.26% 1.38% 1.38% 1.37% 1.41% 1.37% 1.38% 1.38% 1.37% 1.37% 1.37% 1.38% 1.39% 1.40% 1.38% 1.38% 1.40% 1.38% 1.38% 2.20% 2.50% 2.50% 2.50% 2.70% 2.45% 5.56%	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 Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds Convertible Corporate Bonds International Bonds (RMB) International Bonds (RMB) International Bonds (RMB) International Bonds (RMB) International Bonds (RMB) International Bonds (RMB) International Bonds (USD)	$ 50,000 100,000 100,000 100,000 100,000 200,000 100,000 100,000 100,000 100,000 45,000 45,000 14,000 30,000 76,000 190,000 200,000 50,000 36,000 49,000 100,000 45,000 55,000 6,491 6,491 4,760 5,192 6,058 5,625 307,050	$ 50,000 100,559 100,000 100,190 100,559 200,000 100,000 100,000 100,000 100,000 45,000 45,000 14,008 30,017 76,043 190,000 200,000 50,000 36,000 49,000 100,000 45,000 55,000 6,630 6,444 4,704 5,134 6,058 5,625 282,964

~146~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
P23KEC2 P19APICO1 P23JPCFC8 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 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 3.25 04/21/29 ACGB 2.5 05/21/30 ACGB 2.5 05/21/30 ANZ FLOAT 09/11/26 ACGB 2.75 11/21/28 ACGB2.75 11/21/28 NAB FLOAT 11/16/26 NAB 5.4 11/16/28 NAB FLOAT 11/16/28 NAB 5.2 11/16/26 NAB FLOAT 11/16/26 WSTP 7.199 11/15/38 NAB 5.4 11/16/28 NAB 5.2 11/16/26 WSTP 7.199 11/15/38	20231229 20230728 20231026 20230428 20230428 20230607 20230607 20230607 20230607 20230607 20230607 20230818 20231101 20231108 20231108 20231108 20231108 20231108 20230912 20231110 20231114 20231117 20231117 20231117 20231117 20231117 20231122 20231124 20231124 20231124	20241128 20240328 20241025 20240328 20240328 20240507 20240507 20240507 20240507 20240507 20240507 20240718 20241001 20241008 20241008 20241008 20241008 20241008 20240812 20241010 20241014 20241017 20241017 20241017 20241017 20241017 20241022 20241024 20241024 20241024	5.75% 5.55% 5.53% 4.43% 4.43% 4.45% 4.45% 4.45% 4.45% 4.45% 4.45% 4.45% 4.47% 4.45% 4.45% 4.45% 4.45% 4.45% 4.50% 4.40% 4.40% 4.55% 4.48% 4.48% 4.48% 4.48% 4.50% 4.55% 4.55% 4.58%	International Bonds (USD) International Bonds (USD) International Bonds (USD) 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 (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD)	$ 76,763 153,525 153,525 314,700 104,900 251,760 31,470 62,940 62,940 20,980 20,980 31,470 62,940 367,150 62,940 20,980 20,980 31,470 20,980 12,588 6,294 41,960 20,980 31,470 20,980 31,470 20,980 20,980 20,980 20,980	$ 69,432 142,118 135,407 292,695 101,729 228,660 28,582 57,165 57,165 19,055 20,413 28,127 54,463 313,913 56,564 18,855 17,938 26,907 18,882 11,202 5,488 38,631 19,130 28,695 19,092 28,638 18,626 19,398 19,321 18,832

~147~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
UBS 5.808 11/24/28 UBS 5.808 11/24/28 UBS FLOAT 11/24/26 UBS 5.57 11/24/26 UBS FLOAT 11/24/28 UBS 5.808 11/24/28 WSTP 7.199 11/15/38 UBS 5.57 11/24/26 UBS 5.808 11/24/28 AIANZ 6.482 11/16/33 ACGB 4.5 04/21/33 ACGB 4.5 04/21/33 AUSEMO5.354 12/6/28 ACGB 4.5 04/21/33 UBS 5.57 11/24/26 CGJAU 5.8 07/15/31 ACGB 4.5 04/21/33 UBS 5.57 11/24/26 VW 5.65 09/15/28 ACGB 4.5 04/21/33 NAB 5.4 11/16/28 ACGB 4.5 04/21/33 ACGB 4.5 04/21/33 SWEDA 4.625 05/30/26 VW 4.5 03/25/26 SOCGEN 4.25 09/28/26 LSELN 4.125 09/29/26 TOYOTA 4 04/2/27 VW 4.5 03/25/26 SOCGEN 4.25 09/28/26	20231127 20231127 20231127 20231127 20231127 20231128 20231128 20231128 20231204 20231206 20231207 20231208 20231208 20231214 20231219 20231219 20231215 20231219 20231219 20231222 20231228 20231227 20231229 20230920 20230926 20231002 20231002 20231003 20231009 20231018	20241028 20241028 20241028 20241028 20241028 20241028 20241028 20241028 20241104 20241106 20241107 20241108 20241108 20241114 20241119 20241119 20241115 20241119 20241119 20241122 20241128 20241127 20241129 20240820 20240826 20240902 20240902 20240903 20240909 20240918	4.55% 4.55% 4.55% 4.55% 4.55% 4.50% 4.55% 4.55% 4.55% 4.48% 4.40% 4.40% 4.55% 4.45% 4.55% 4.55% 4.40% 4.55% 4.55% 4.45% 4.52% 4.50% 4.52% 4.00% 4.10% 4.00% 4.00% 4.08% 4.10% 4.05%	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 (AUD) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR)	$ 41,960 41,960 20,980 41,960 20,980 20,980 20,980 10,490 10,490 10,490 25,176 31,470 62,940 10,490 20,980 10,490 23,078 31,470 20,980 25,176 41,960 29,372 10,490 33,980 40,776 16,990 33,980 33,980 30,582 16,990	$ 38,487 38,487 19,302 38,526 19,321 22,719 18,739 9,622 10,028 10,119 25,003 30,236 58,349 10,635 19,591 9,902 22,833 30,327 20,180 25,496 38,009 27,691 10,684 30,888 38,372 15,270 30,582 30,582 28,779 15,291

~148~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
SANTAN4.625 10/18/27 SANTAN4.625 10/18/27 BKIR 4.625 11/13/29 BNP 4.75 11/13/32 JPM 4.457 11/13/31 BFCM 4.75 11/10/31 DANBNK 4.5 11/9/28 LEASYS 4.5 07/26/26 LEASYS 4.5 07/26/26 VW 4.75 09/25/31 BKIR 4.625 11/13/29 MAEXIM 6 05/16/29 HMBSS 4.875 10/25/31 LEASYS4.625 02/16/27 SDZSW 4.5 04/17/33 SOCGEN4.875 11/21/31 HEIGR 4.875 11/21/33 SOGESA 6.5 05/16/44 RCFFP 5.25 11/22/28 MQGAU4.7471 01/23/30 ALDFP 4.375 11/23/26 MQGAU4.7471 01/23/30 ALDFP 4.375 11/23/26 TPR 5.875 11/27/31 TPR 5.375 11/27/27 MQGAU4.7471 01/23/30 TPR 5.35 11/27/25 IHGLN 4.375 11/28/29 MQGAU4.7471 01/23/30 BAMIIM4.625 11/29/27	20231024 20231107 20231114 20231114 20231114 20231113 20231113 20231115 20231117 20231120 20231120 20231120 20231121 20231121 20231122 20231122 20231122 20231123 20231123 20231124 20231124 20231127 20231127 20231128 20231128 20231128 20231128 20231129 20231130 20231130	20240924 20241007 20241014 20241014 20241014 20241014 20241014 20241015 20241017 20241021 20241021 20241021 20241021 20241021 20241022 20241022 20241022 20241023 20241023 20241024 20241024 20241028 20241028 20241028 20241028 20241028 20241028 20241029 20241030 20241030	4.12% 4.10% 4.14% 4.14% 4.14% 4.15% 4.15% 4.15% 4.12% 4.10% 4.10% 4.10% 4.14% 4.14% 4.14% 4.10% 4.10% 4.18% 4.22% 4.15% 4.15% 4.15% 4.15% 4.11% 4.11% 4.11% 4.11% 4.15% 4.15% 4.15%	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 (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR)	$ 33,980 33,980 67,960 33,980 23,786 10,194 50,970 16,990 33,980 16,990 16,990 33,980 16,990 20,388 13,592 101,940 16,990 13,592 6,796 16,990 33,980 30,582 27,184 33,980 47,572 16,990 16,990 67,960 16,990 33,980	$ 30,970 32,415 60,858 30,582 21,514 9,716 48,305 15,740 31,268 15,520 15,291 30,735 15,673 18,349 12,318 95,785 15,985 11,738 5,777 15,709 31,293 28,213 25,022 32,868 46,039 16,512 16,528 62,746 16,328 32,484

~149~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
CARR 4.5 11/29/32 CARR 4.125 05/29/28 CARR 4.375 05/29/25 TPR 5.375 11/27/27 ENBW 4.3 05/23/34 TPR 5.375 11/27/27 HEIGR 4.875 11/21/33 BAYNGR 4.25 08/26/29 HSBC 4.787 03/10/32 VW 4.75 09/25/31 SRGIM 4 11/27/29 POLAND 3.625 11/29/30 DANBNK 4.5 11/9/28 BAYNGR4.625 05/26/33 INTNED 4.5 05/23/29 SOCGEN 4.875 11/21/31 SANTAN 4.875 10/18/31 BYLAN 4.375 09/21/28 DBR 2.6 08/15/33 ULFP 4.125 12/11/30 ULFP 4.125 12/11/30 ROMANI 6.625 09/27/29 VW 4.75 09/25/31 SANTAN 4.875 10/18/31 TPR 5.375 11/27/27 SANTAN 4.875 10/18/31 TPR 5.875 11/27/31 HEIGR 4.875 11/21/33 ULFP 4.125 12/11/30 ROMANI 6.625 09/27/29	20231130 20231130 20231130 20231201 20231204 20231204 20231204 20231205 20231205 20231205 20231206 20231206 20231206 20231208 20231208 20231208 20231208 20231208 20231211 20231214 20231214 20231214 20231215 20231218 20231215 20231218 20231219 20231219 20231219 20231220	20241030 20241030 20241030 20241101 20241104 20241104 20241104 20241105 20241105 20241105 20241106 20241106 20241106 20241108 20241108 20241108 20241108 20241108 20241111 20241114 20241114 20241114 20241115 20241118 20241115 20241118 20241119 20241119 20241119 20241120	4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.15% 4.00% 4.15% 4.15% 4.15% 4.20% 4.20% 4.20% 4.15% 4.15% 4.15% 4.15% 4.15%	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 (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR)	$ 37,378 67,960 42,475 16,990 23,786 20,388 16,990 61,164 16,990 44,174 16,990 33,980 16,990 23,786 16,990 16,990 16,990 16,990 16,990 33,980 44,174 16,990 6,796 16,990 6,796 16,990 50,970 33,980 33,980 16,990	$ 34,145 62,758 40,452 16,318 22,168 19,605 16,444 59,384 17,222 43,401 15,538 32,575 16,478 23,033 16,316 16,143 16,437 15,873 17,363 31,199 40,559 16,634 6,753 16,300 6,446 16,608 49,017 33,009 31,630 17,401

~150~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
DBR 2.6 08/15/33 ACAFP 4.375 11/27/33 CABKSM 4.375 11/29/33 DBR 2.6 08/15/33 DBR 2.6 08/15/33 PACLIF 5.375 11/30/28 UKT 4.5 06/7/28 CAABNK 6 12/6/26 MASSMU 5 12/12/27 UKT 4.5 06/7/28 UKT 4.5 06/7/28 NYLIFE 4.95 12/7/29 UKT 4.5 06/7/28 UKT 4.5 06/7/28 UKT 4.5 06/7/28 NZGB 3.5 04/14/33 KSA 4.75 01/18/28 MUFG 5.719 02/20/26 ANZ 5.375 07/3/25 HYNMTR 5.8 06/26/25 INDKOR 5.125 10/25/24 HYNMTR 5.8 06/26/25 SUMIBK 5.88 07/13/26 HYNMTR 5.65 06/26/26 MBGGR 5.375 08/1/25 MBGGR 5.375 08/1/25 MUFG 5.719 02/20/26 UBS FLOAT 09/11/25 SUMITR FLOAT 09/14/26 ANZ FLOAT 07/3/25	20231221 20231222 20231222 20231222 20231227 20231206 20231211 20231214 20231214 20231218 20231219 20231220 20231220 20231229 20231229 20231219 20230309 20230705 20230707 20230728 20230728 20230728 20230814 20230815 20230817 20230821 20230821 20230912 20230915 20230929	20241121 20241122 20241122 20241122 20241127 20241106 20241111 20241114 20241114 20241118 20241119 20241120 20241120 20241129 20241129 20241119 20240209 20240605 20240607 20240628 20240628 20240628 20240715 20240715 20240717 20240722 20240722 20240812 20240815 20240829	4.05% 4.15% 4.15% 4.20% 4.20% 5.45% 5.40% 5.45% 5.45% 5.35% 5.35% 5.44% 5.40% 5.50% 5.50% 5.55% 5.49% 5.57% 5.55% 5.58% 5.65% 5.55% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.55%	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 (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (NTD) 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)	$ 13,592 23,786 10,194 13,592 20,388 19,575 19,575 39,150 19,575 39,150 23,490 11,745 11,745 17,618 5,873 9,740 46,058 15,353 15,353 53,734 15,353 38,381 30,705 15,353 15,353 15,353 15,353 15,353 30,705 7,676	$ 13,714 22,918 10,237 13,774 20,657 18,144 19,339 36,048 17,589 38,420 23,696 11,076 11,734 17,858 5,953 8,692 43,590 14,485 13,912 49,667 14,675 34,681 27,911 13,886 13,790 13,831 13,776 14,119 28,347 7,026

~151~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
NDAQ 5.65 06/26/25 SUMITR 5.65 09/14/26 MUFG 5.541 04/17/26 SUMITR 5.65 09/14/26 POHANG5.625 01/17/26 KOLAHO 5.75 10/06/25 LGENSO 5.75 09/25/28 NBNAUS 5.75 10/06/28 HYNMTR 5.95 09/21/26 EIBKOR5.375 09/18/25 BFCM 5.896 07/13/26 NBNAUS 5.75 10/06/28 NBNAUS 5.75 10/06/28 SKONKR5.375 05/11/26 NWIDE 6.557 10/18/27 KDB FLOAT 10/23/26 JPM 6.07 10/22/27 KEBHNB 5.75 10/24/28 JPM 6.07 10/22/27 KDB 5.375 10/23/26 HNDA 5.8 10/03/25 KOLAHO 5.75 10/06/25 UBS 5.8 09/11/25 BPCEGP6.612 10/19/27 T 4.625 09/30/28 T 4.625 09/30/28 AXP 6.338 10/30/26 BGOSK 6.25 10/31/28 MS 5.882 10/30/26 AXP 6.338 10/30/26	20230929 20231003 20231006 20231006 20231011 20231013 20231016 20231017 20231018 20231018 20231023 20231023 20231024 20231024 20231024 20231024 20231024 20231025 20231026 20231026 20231030 20231030 20231030 20231030 20231031 20231030 20231031 20231102 20231103 20231103	20240829 20240903 20240906 20240906 20240911 20240913 20240916 20240917 20240918 20240918 20240923 20240923 20240924 20240924 20240924 20240924 20240924 20240925 20240926 20240926 20240930 20240930 20240930 20240930 20240930 20240930 20240930 20241002 20241003 20241003	5.55% 5.53% 5.55% 5.53% 5.45% 5.53% 5.53% 5.53% 5.53% 5.53% 5.55% 5.53% 5.53% 5.53% 5.55% 5.55% 5.55% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.45% 5.43% 5.53% 5.53% 5.53% 5.53%	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)	$ 7,676 46,058 15,353 30,705 15,353 61,410 15,353 30,705 7,676 30,705 15,353 39,917 13,817 15,353 42,987 15,353 15,353 30,705 7,676 9,212 30,705 46,058 30,705 15,353 153,525 46,058 46,058 92,115 15,353 30,705	$ 6,978 42,271 14,251 28,177 14,243 55,435 13,912 28,393 6,909 27,773 14,054 37,017 12,473 14,287 39,429 14,138 14,054 28,263 6,902 8,265 28,245 41,535 29,237 14,551 148,200 44,497 42,536 85,470 14,041 28,109

~152~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
PIFKSA 6 10/25/28 HYNMTR 6.25 11/03/25 MS 5.882 10/30/26 HYNMTR 6.25 11/03/25 HYNMTR 6.25 11/03/25 HYNMTR 6.25 11/03/25 KOLAHO 5.75 10/06/25 T 4.625 09/30/28 NBNAUS 6 10/06/33 NBNAUS 5.75 10/06/28 HYNMTR 6.25 11/03/25 DFHOLD6.875 11/06/26 DFHOLD6.875 11/06/26 C 5.864 09/29/25 NBNAUS 5.75 10/06/28 HYNMTR 6.25 11/03/25 LGENSO5.625 09/25/26 NBNAUS 5.75 10/06/28 USB 6.787 10/26/27 KOLAHO 5.75 10/06/25 T 4.625 09/30/28 DFHOLD6.875 11/06/26 STANLN 6.75 02/08/28 JPM 6.07 10/22/27 MS 5.882 10/30/26 KOROIL FLOAT11/14/26 BACR 6.496 09/13/27 HNDA 5.65 11/15/28 T 4.625 09/30/28 ADCBUH5.375 07/18/28	20231103 20231106 20231106 20231106 20231106 20231106 20231107 20231107 20231107 20231107 20231107 20231107 20231107 20231108 20231109 20231109 20231110 20231110 20231110 20231113 20231113 20231114 20231114 20231115 20231115 20231115 20231117 20231117 20231120 20231120	20241003 20241007 20241007 20241007 20241007 20241007 20241007 20241007 20241007 20241007 20241007 20241007 20241007 20241008 20241009 20241009 20241010 20241010 20241010 20241014 20241014 20241014 20241014 20241015 20241015 20241015 20241017 20241017 20241021 20241021	5.55% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.44% 5.55% 5.55% 5.55% 5.55% 5.55% 5.53% 5.55% 5.56% 5.53% 5.55% 5.55% 5.65% 5.44% 5.55% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.43% 5.56%	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)	$ 30,705 30,705 15,353 61,410 46,058 76,763 61,410 46,058 30,705 23,029 23,029 46,058 61,410 61,410 15,353 46,058 12,282 30,705 30,705 92,115 46,058 30,705 15,353 7,676 30,705 30,705 30,705 30,705 46,058 30,705	$ 28,491 27,635 13,971 55,269 41,452 69,086 56,571 46,449 28,824 22,458 21,272 42,520 56,693 56,493 14,954 43,903 11,668 29,972 29,661 88,931 44,676 28,192 14,013 7,020 28,081 27,914 28,067 27,286 45,794 28,342

~153~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
COF 7.149 10/29/27 HYNMTR 6.25 11/03/25 KOROIL FLOAT11/14/26 NSANY 6.95 09/15/26 EIBKOR5.375 09/18/25 TOYOTA 5.4 11/20/26 WSTP FLOAT 11/17/25 TOYOTA 5.55 11/20/30 KOLAHO 5.75 10/06/25 DB 7.146 07/13/27 STANLN 6.75 02/08/28 SANTAN6.527 11/07/27 WSTP 5.512 11/17/25 VW 6 11/16/26 TOYOTA 5.4 11/20/26 WSTP 5.535 11/17/28 NSC 5.55 03/15/34 ADCBUH 5.5 01/12/29 INDKOR5.125 10/25/24 TPR 7.05 11/27/25 TPR 7 11/27/26 ADCBUH5.375 07/18/28 DB 6.819 11/20/29 KHFC 5.375 11/15/26 VW 6 11/16/26 LGENSO5.625 09/25/26 DFHOLD6.875 11/06/26 TPR 7.35 11/27/28 DFHOLD6.875 11/06/26 ADIBUH5.695 11/15/28	20231120 20231120 20231120 20231120 20231121 20231121 20231121 20231121 20231121 20231121 20231122 20231122 20231127 20231127 20231127 20231127 20231127 20231127 20231127 20231128 20231128 20231128 20231128 20231129 20231129 20231129 20231129 20231130 20231130 20231130	20241021 20241021 20241021 20241021 20241021 20241021 20241021 20241021 20241021 20241021 20241022 20241022 20241028 20241028 20241028 20241028 20241028 20241028 20241023 20241028 20241028 20241028 20241028 20241029 20241029 20241029 20241029 20241030 20241030 20241030	5.56% 5.56% 5.56% 5.56% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.55% 5.53% 5.55% 5.50% 5.55% 5.55% 5.50% 5.55% 5.55% 5.55% 5.55% 5.53% 5.53% 5.55% 5.50% 5.50% 5.55% 5.56% 5.56% 5.53%	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)	$ 30,705 30,705 61,410 15,353 30,705 30,705 30,705 30,705 46,058 30,705 15,353 42,987 15,353 15,353 30,705 61,410 15,353 30,705 46,058 61,410 46,058 30,705 30,705 36,846 30,705 18,423 46,058 15,353 23,029 30,705	$ 28,646 28,443 56,582 14,434 27,911 27,635 27,635 27,911 41,866 28,602 14,786 39,646 14,766 14,124 28,362 57,006 14,124 27,607 41,410 56,767 42,508 27,773 27,911 33,932 28,107 16,864 41,742 14,269 21,487 27,911

~154~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
KOROIL 5.25 11/14/26 VW 6 11/16/26 VW 6 11/16/26 INDOIS 5.4 11/15/28 HNDA 5.65 11/15/28 ADCBUH 5.5 01/12/29 DFHOLD6.875 11/06/26 COF 7.149 10/29/27 STANLN 6.75 02/08/28 BPCEGP6.612 10/19/27 INDOIS 5.6 11/15/33 LGENSO5.625 09/25/26 ISPIM 7.2 11/28/33 BOCAVI 5.75 11/09/28 DPWDU 5.5 09/13/33 ADIBUH5.695 11/15/28 C 5.488 12/04/26 C 5.488 12/04/26 TPR 7 11/27/26 INDOIS 5.4 11/15/28 STANLN7.018 02/08/30 STANLN 6.75 02/08/28 QIBKQD5.581 11/22/28 ADIBUH5.695 11/15/28 CINDBK 6 12/05/33 UBS 6.327 12/22/27 SUMITR 5.65 09/14/26 KOMATS5.499 10/06/27 KORELE5.375 07/31/26 INDKOR5.125 10/25/24	20231201 20231201 20231201 20231201 20231204 20231204 20231204 20231204 20231204 20231205 20231205 20231205 20231205 20231205 20231205 20231205 20231205 20231205 20231205 20231205 20231206 20231206 20231206 20231206 20231206 20231207 20231207 20231207 20231207 20231207	20241101 20241101 20241101 20241101 20241104 20241104 20241104 20241104 20241104 20241105 20241105 20241105 20241105 20241105 20241105 20241105 20241105 20241105 20241105 20241105 20241106 20241106 20241106 20241106 20241106 20241107 20241107 20241107 20241107 20241023	5.53% 5.35% 5.35% 5.58% 5.53% 5.58% 5.58% 5.55% 5.55% 5.56% 5.55% 5.56% 5.55% 5.53% 5.53% 5.58% 5.58% 5.58% 5.58% 5.55% 5.56% 5.58% 5.56% 5.56% 5.60% 5.60% 5.60% 5.60% 5.60% 5.60%	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)	$ 55,269 30,705 61,410 18,423 30,705 46,058 46,058 30,705 15,353 15,353 46,058 30,705 30,705 15,353 19,958 46,058 30,705 61,410 30,705 33,776 15,353 30,705 24,564 30,705 46,058 15,353 15,353 30,705 15,353 30,705	$ 50,043 28,586 57,171 16,839 27,271 41,870 42,061 28,927 14,393 14,284 42,117 29,610 28,893 14,110 17,962 41,970 27,919 55,838 28,093 30,923 14,420 28,251 22,863 28,563 39,514 14,837 14,677 29,880 14,910 29,269

~155~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
TMO 5 01/31/29 BNS 5.35 12/07/26 PHILIP5.045 06/06/29 GASBCM 6.51 02/23/42 MQGAU 5.391 12/07/26 MQGAU FLOAT 12/07/26 BAYNGR6.125 11/21/26 VW 6.2 11/16/28 T 4.625 09/30/28 T 4.625 09/30/28 T 4.625 09/30/28 UBS 9.016 11/15/33 GASBCM 6.51 02/23/42 MQGAU 6.255 12/07/34 GM 5.8 01/07/29 GM 6.1 01/07/34 NSANY 6.95 09/15/26 TPR 7 11/27/26 SUMIBK 5.88 07/13/26 SUMIBKFLOAT 07/13/26 INDOIS 5.4 11/15/28 INDOIS 5.6 11/15/33 PIFKSA 6 10/25/28 FUKOKU FLOAT PERP MQGAU 5.391 12/07/26 TPR 7 11/27/26 GM 6.1 01/07/34 BAC 5.933 09/15/27 MQGAU 6.255 12/07/34 MQGAU 5.391 12/07/26	20231208 20231208 20231208 20231208 20231208 20231208 20231208 20231208 20231211 20231211 20231211 20231211 20231211 20231211 20231211 20231211 20231211 20231211 20231212 20231212 20231212 20231212 20231212 20231212 20231212 20231212 20231212 20231212 20231212 20231212	20241108 20241108 20241108 20241108 20241108 20241108 20241108 20241108 20241111 20241111 20241111 20241111 20241111 20241111 20241111 20241111 20241111 20241111 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112	5.58% 5.57% 5.57% 5.57% 5.53% 5.53% 5.60% 5.53% 5.55% 5.55% 5.55% 5.56% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.53% 5.53% 5.60% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55%	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)	$ 15,353 46,058 61,410 18,423 61,410 46,058 30,705 15,353 46,058 46,058 46,058 30,705 30,705 61,410 30,705 15,353 30,705 30,705 23,029 30,705 39,917 30,705 24,564 46,058 30,705 15,353 15,353 15,353 30,705 61,410	$ 13,935 42,380 56,728 17,591 55,269 41,452 27,883 14,110 47,355 45,934 45,927 34,046 29,401 57,175 28,305 14,134 29,254 28,805 21,943 28,633 35,829 27,966 23,754 42,571 28,220 14,364 14,082 14,379 28,418 56,441

~156~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
JPM 5.11 12/08/26 DFHOLD6.875 11/06/26 TOYOTA 5.6 09/11/25 GM 5.8 01/07/29 LGENSO5.625 09/25/26 MQGAU 5.391 12/07/26 TOYOTA 5.4 11/20/26 WSTP 5.535 11/17/28 KORHIC 5.5 07/17/26 DB 7.146 07/13/27 MQGAU 5.391 12/07/26 CI 5.685 03/15/26 WFC 5.254 12/11/26 RSG 5 12/15/33 BMO 5.266 12/11/26 TPR 7.35 11/27/28 JPM FLOAT 12/08/26 JPM FLOAT 12/08/26 JPM 5.11 12/08/26 SUMITR 5.65 03/09/26 FUKOKU FLOAT PERP LGENSO5.625 09/25/26 FUKOKU FLOAT PERP HNDA 5.8 10/03/25 QIBKQD5.581 11/22/28 NSANY 7.05 09/15/28 TPR 7.85 11/27/33 TOYOTA 5.55 11/20/30 STANLN 6.75 02/08/28 GRPIBI6.129 02/23/38	20231212 20231212 20231213 20231214 20231214 20231214 20231214 20231214 20231215 20231215 20231215 20231215 20231215 20231215 20231215 20231215 20231215 20231215 20231215 20231218 20231218 20231218 20231218 20231219 20231219 20231219 20231219 20231219 20231219 20231219	20241112 20241112 20241113 20241114 20241114 20241114 20241114 20241114 20240202 20240202 20241115 20241115 20241115 20241115 20241115 20241115 20241115 20241115 20241115 20241118 20240202 20241118 20240202 20241119 20241119 20241119 20241119 20241119 20241119 20241119	5.55% 5.55% 5.53% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.62% 5.58% 5.58% 5.58% 5.58% 5.58% 5.55% 5.55% 5.55% 5.63% 5.70% 5.52% 5.70% 5.52% 5.53% 5.56% 5.56% 5.53% 5.53% 5.53%	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)	$ 30,705 23,029 30,705 15,353 30,705 61,410 30,705 15,353 15,353 30,705 30,705 46,058 61,410 30,705 15,353 15,353 92,115 61,410 30,705 30,705 36,846 61,410 61,410 15,353 70,622 15,353 46,058 15,353 15,353 15,353	$ 28,249 21,037 27,911 14,153 27,938 56,441 28,588 14,449 14,548 29,661 29,168 43,004 57,027 28,345 14,223 14,643 84,915 56,610 28,446 28,325 30,951 57,345 51,584 14,407 64,831 13,958 41,072 14,508 14,232 14,646

~157~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 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
UBS 9.016 11/15/33 PLNIJ 5.45 05/21/28 NIPPBK 5.9 09/08/26 NIPLIF 6.25 09/13/53 SKONKR5.375 05/11/26 GM 5.8 01/07/29 UBS 9.25 PERP T 4.625 09/30/28 T 4.125 10/31/27 HSBC 8 PERP BNP 8.5 PERP HKLSP 5.25 07/14/33 STANLN7.018 02/08/30 BAYNGR6.125 11/21/26 PHILIP5.045 06/06/29 PIFKSA4.875 02/14/35 PLNIJ 5.45 05/21/28 MEX 6.35 02/09/35 HYNMTR 6.25 11/03/25 STANLN 6.75 02/08/28 HYUELE 6.5 01/17/33 CINDBK 6 12/05/33 TPR 7.35 11/27/28 QIBKQD5.581 11/22/28 BOCAVI 5.75 11/09/28 BOCAVI 5.75 11/09/28 NIPLIF 6.25 09/13/53 KSA 5 01/18/53 GS 6.484 10/24/29 FUKOKU FLOAT PERP	20231219 20231219 20231219 20231219 20231219 20231220 20231220 20231222 20231222 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231221 20231222 20231222 20231222 20231222 20231222 20231222 20231222 20231222	20241119 20241119 20241119 20241119 20240202 20241120 20240202 20241122 20241122 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241121 20241122 20241122 20240202 20240202 20241122 20241122 20241122 20241122	5.55% 5.55% 5.55% 5.60% 5.52% 5.55% 5.75% 5.60% 5.60% 5.60% 5.67% 5.57% 5.57% 5.57% 5.57% 5.60% 5.55% 5.55% 5.55% 5.55% 5.55% 5.60% 5.55% 5.55% 5.52% 5.52% 5.60% 5.58% 5.58% 5.60%	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)	$ 30,705 15,353 15,353 61,410 15,353 15,353 61,410 245,640 307,050 30,705 15,353 30,705 61,410 33,776 36,846 53,734 30,705 15,353 30,705 30,705 15,353 30,705 38,381 12,282 46,058 61,410 46,058 69,086 30,705 24,564	$ 34,879 13,231 14,517 59,576 14,124 14,393 49,742 250,055 303,542 27,705 13,233 28,202 58,265 30,561 34,037 48,689 28,115 14,753 28,780 29,234 15,230 26,765 35,341 11,312 43,644 58,192 41,764 60,616 30,155 22,154

~158~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 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
SUNOTG 5.95 07/17/26 UBS 6.327 12/22/27 DB 6.819 11/20/29 SUMIBK5.464 01/13/26 TPR 7 11/27/26 MQGAU 6.255 12/07/34 MQGAU 6.255 12/07/34 GS 6.484 10/24/29 UBS 9.25 PERP HSBC 8 PERP SUMIBK5.716 09/14/28 STANLN 6.75 02/08/28 DFHOLD6.875 11/06/26 URUGUA 5.75 10/28/34 SUMIBK 5.88 07/13/26 BBLTB 5.3 09/21/28 KOROIL 5.25 11/14/26 KOROIL 5.25 11/14/26 T 4.625 09/30/28 T 4.125 07/31/28 T 4.75 11/15/53 T 4.625 09/30/28 T 4.375 11/30/28 T 4.875 10/31/28 T 4.5 11/15/33 NIPLIF 6.25 09/13/53 STANLN7.018 02/08/30 MEX 6.35 02/09/35 BOCAVI 5.75 11/09/28 HKLSP 5.25 07/14/33	20231222 20231226 20231226 20231227 20231226 20231227 20231226 20231227 20231227 20231226 20231226 20231226 20231227 20231226 20231227 20231226 20231227 20231228 20231229 20231229 20231229 20231229 20231229 20231229 20231229 20231229 20231229 20240102 20231229 20240102	20241122 20241126 20241126 20241127 20241126 20241127 20241126 20241127 20241127 20241126 20241126 20241126 20241127 20241126 20241127 20241126 20241127 20241128 20240102 20240102 20240102 20240102 20240102 20240102 20240102 20241129 20241129 20241202 20241129 20241202	5.58% 5.65% 5.70% 5.65% 5.70% 5.70% 5.70% 5.70% 5.80% 5.75% 5.65% 5.70% 5.55% 5.70% 5.65% 5.70% 5.75% 5.65% 5.55% 5.55% 5.55% 5.55% 5.55% 5.55% 5.53% 5.80% 5.75% 5.63% 5.75% 5.60%	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)	$ 61,410 30,705 30,705 61,410 15,353 53,734 30,705 61,410 15,353 30,705 15,353 30,705 15,353 6,141 15,353 30,705 30,705 30,705 214,935 61,410 30,705 30,705 49,128 92,115 46,058 15,353 15,353 30,705 15,353 24,564	$ 58,442 29,099 29,476 58,356 14,650 48,815 27,890 60,365 12,158 24,358 14,816 29,318 14,527 5,818 14,797 29,123 28,622 28,021 222,148 62,498 34,714 31,735 49,999 95,936 48,378 14,456 14,577 28,057 14,301 22,550

~159~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value
	Start Date(Note)	MaturityDate	Interest rate	Type 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)	Par value
TPR 7.85 11/27/33 TENCNT3.975 04/11/29 KOROIL 5.25 11/14/26 BAYNGR 6.25 01/21/29 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24 CHGRID4.125 05/07/24	20240102 20240102 20240102 20240103 20231005 20231005 20231101 20231107 20231107 20231114 20231122 20231208 20231208 20231214	20241202 20241202 20241202 20241203 20240105 20240105 20240103 20240105 20240105 20240112 20240222 20240308 20240308 20240116	5.63% 5.60% 5.60% 5.55% 5.45% 5.45% 5.45% 5.45% 5.45% 5.48% 5.50% 5.55% 5.55% 5.50%		$ 61,354 15,353 15,353 9,212 6,141 3,071 12,282 6,448 7,676 3,071 9,212 9,212 6,141 6,448	$ 55,591 13,195 13,955 8,737 5,963 3,071 11,814 6,589 8,073 3,230 9,325 9,324 6,216 6,440
					$ 20,032,549	$ 19,140,506

Note: It’s settlement date.

~160~

PRESIDENT SECURITIES CORPORATION STATEMENT OF BROKERAGE HANDLING FEE REVENUE

FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Revenues from brokered trading

Month 1 2 3 4 5 6 7 8 9 10 11 12 Total	Brokerage business of securities at the TWSE markets `$` 69,255 123,635 161,587 119,433 164,199 192,220 242,084 208,140 154,237 145,496 179,735 194,277 $ 1,954,298	Brokerage business of securities at the OTC markets $ 23,855 48,671 66,006 48,892 58,401 61,503 79,782 58,593 49,679 48,162 61,294 61,685 $ 666,523	Commission revenue from short sales $ 381 564 930 941 1,138 943 1,589 1,278 983 1,093 1,031 868 $ 11,739	Other commission revenue $ 5,710 8,445 15,053 8,427 8,609 15,725 13,601 17,874 17,434 13,956 15,953 21,969 $ 162,756	Total $ 99,201 181,315 243,576 177,693 232,347 270,391 337,056 285,885 222,333 208,707 258,013 278,799 $ 2,795,316	Remark

~161~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF REVENUES FROM UNDERWRITING BUSINESS

FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Month 1 2 3 4 5 6 7 8 9 10 11 12 Total	Revenues from underwriting securities on a firm commitment basis `$` 5,091 700 14 - 4,235 11,798 4,476 10,038 1,869 1,625 183 9,950 $ 49,979	Revenue from underwriting processingfees $ 1,578 1,763 1,181 356 565 4,957 5,975 980 2,050 566 2,860 2,310 $ 25,141	Revenue from underwriting advisoryfees $ 480 500 550 600 580 580 580 580 580 550 520 505 $ 6,605	Other revenue $ 1,440 145 1,030 6,085 1,635 3,744 1,880 2,297 30 1,850 1,608 815 $ 22,559	Total $ 8,589 3,108 2,775 7,041 7,015 21,079 12,911 13,895 4,529 4,591 5,171 13,580 $ 104,284	Remark

~162~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF NET GAIN (LOSS) ON SALE OF TRADING SECURITIES FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

	FOR THE YEAR ENDED DECEMBER 31, 2023 (Expressed in thousands of New Taiwan dollars)
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	Revenue from sale of trading securities Cost from sale of trading securities Gain (loss) on sale of trading securities $ 89,076,677 ( $ 87,719,669 ) $ 1,357,008 26,620,350 ( 26,348,755 ) 271,595 115,697,027 ( 114,068,424 ) 1,628,603 20,787,826 ( 20,568,444 ) 219,382 38,098,180 ( 38,019,024 ) 79,156 45,888,483 ( 45,873,560 ) 14,923 104,774,489 ( 104,461,028 ) 313,461 155,401,377 ( 155,382,113 ) 19,264 375,872,893 ( 373,911,565 ) 1,961,328 46,300 ( 37,883 ) 8,417 46,300 ( 37,883 ) 8,417 39,855 ( 26,075 ) 13,780 547,328 ( 434,637 ) 112,691 587,183 ( 460,712 ) 126,471 633,483 ( 498,595 ) 134,888 86,917,735 ( 87,013,720 ) ( 95,985 373,264 ( 361,432 ) 11,832 87,290,999 ( 87,375,152 ) ( 84,153 8,351,795 ( 8,393,890 ) ( 42,095 ) 27,722,714 ( 27,609,992 ) 112,722 5,588,789 ( 5,359,132 ) 229,657 41,663,298 ( 41,363,014 ) 300,284 ) 132,582 ( 123,375 ) 9,207 ) 129,086,879 ( 128,861,541 ) 225,338 $ 505,593,255 ( $ 503,271,701 ) $ 2,321,554	Remark

~163~

PRESIDENT SECURITIES CORPORATION STATEMENT OF INTEREST REVENUE

FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Interest income from margin loans Interest income from bonds Others interest income Total	Description	Amount $ 712,126 504,694 149,276 $ 1,366,096	Remark

~164~

PRESIDENT SECURITIES CORPORATION STATEMENT OF FINANCIAL COSTS FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Interest expense from repurchase agreements Loans interest expense Other interest expense Total	Description	Amount $ 417,306 407,662 48,863 $ 873,831	Remark

~165~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION, AMORTIZATION, AND OTHER OPERATING EXPENSES FOR THE YEAR ENDED DECEMBER 31, 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	Year ended December 31,2023 $ 2,350,962 140,343 69,982 107,263 104,041 209,372 66,329 1,877,364	Year ended December 31,2022 $ 1,753,326 146,112 75,332 49,575 117,595 179,026 45,082 1,636,888	Remark

Note:

In 2023 and 2022, the Company had 1,439 and 1,463 employees, respectively, in which directors not concurrently serving as employees were both 19.
The annual individual or individual financial report should additionally disclose the following information:
(1) The average employee benefit expense was $1,877 for the year ended December 31, 2023 (“total employee benefit expense for the year minus total director’s remuneration”/ “number of employees for the year minus number of directors who are not concurrently employees”).
- The average employee benefit expense was $1,449 for the year ended December 31, 2022 (“total employee benefit expense in the previous year minus total director’s remuneration” / “number of employees in the previous year minus number of directors who are not concurrently employees”).
(2) Average salary of this year is $1,656 (a total sum of salaries in this year / (“number of employees in this year minus number of non-employee directors in this year”)).
- Average salary of the previous year is $1,214 (a total sum of salaries in the previous year / (“number of employees in the previous year minus number of non-employee directors in the previous year”)).
(3) Change of average salary is a decrease of 36.41% (“average salary in this year minus average salary in the previous year” /average salary in the previous year).
For the years ended December 31, 2023 and 2022, director’ remuneration - service payment (under “other operating expense”) were $1,165 and $1,100, respectively.
For the years ended December 31, 2023 and 2022, supervisors’ remuneration were both $0. Because of the establishment of Audit Committee, there’s no supervisors’ remuneration.
The remuneration policy of the Company (Including directors, supervisors, managers and employees):
(1) Directors: Pursuant to Article 19 of the Company’s Articles of Incorporation, the remuneration to director is determined by the board of directors by taking into the degree of participation in the company's operations, contribution and industry standards.
```
 - Independent directors receive fixed pay monthly and do not participate in the distribution of company directors’ remuneration.
```
(2) Managers and employees: Pursuant to Article 37 of Work Rules, the Company’s remuneration policy is to fairly compensate employees’ contribution to the company, to offer competitive salary among peers, to meet relevant laws and regulations related to salary and to properly control salary cost.

~166~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

FINANCIAL STATEMENTS AND INDEPENDENT

AUDITORS’ REPORT

DECEMBER 31, 2023 AND 2022

~167~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT BALANCE SHEETS

DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Assets	December31,2023 AMOUNT % `$` `1,147,969` `22` `4,121,730` `78` `1,943` `-` `5,271,642` `100` `3,750` `-` `9,081` `-` `13,360` `-` `26,191` `-` `$` `5,297,833` `100` `$` `2,187` `-` `17` `-` `67,271` `2` `69,475` `2` `3,245,029` `61` `3,245,029` `61` `3,314,504` `63` `1,300,000` `24` `65,591` `1` `617,738` `12` `1,983,329` `37` `$` `5,297,833` `100`	December31,2022	December31,2022
	AMOUNT `$` `1,147,969` `4,121,730` `1,943` `5,271,642` `3,750` `9,081` `13,360` `26,191` `$` `5,297,833` `$` `2,187` `17` `67,271` `69,475` `3,245,029` `3,245,029` `3,314,504` `1,300,000` `65,591` `617,738` `1,983,329` `$` `5,297,833`	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`	%
110000 Current assets 111100 Cash and cash equivalents 112000 Financial assets at fair value through profit or loss - current 114170 Other receivables 110000 Total current assets 120000 Non-current assets 125000 Property and equipment, net 127000 Intangible assets 129000 Other assets - non-current 120000 Total non-current assets 906001 Total Assets Liabilities and Equity			`20` `80` `-`
			`100`
			`-` `-` `-`
			`-`
			`100`
			`-` `-` `1`
210000 Current liabilities 212000 Financial liabilities at fair value through profit or loss - current 214130 Accounts payable 214170 Other payables 210000 Total current liabilities 220000 Non-current liabilities 229110 Inter-department accounts, credit 220000 Total non-current liabilities 906003 Total Liabilities Operating capital 301110 Operating capital 304000 Retained earnings 304020 Special reserve 304040 Unappropriated earnings 906004 Total Equity 906002 Total liabilities and equity
			`1`
			`59`
			`59`
			`60`
			`23` `1` `16`
			`40`
			`100`

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

~168~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2023 AND 2022

(Expressed in thousands of New Taiwan dollars)

Items Year ended December 31
2023
2022
Notes
AMOUNT
%
AMOUNT
%
12
$
32,279
100
$
123,132
100
32,279
100
123,132
100
(
5,351 ) (
17) (
10,948) (
9 )
7
(
4,677 ) (
15) (
1,526) (
1 )
(
92,787 ) (
287) (
65,113) (
53 )
(
6,243 ) (
19) (
4,964) (
4 )
(
54,836 ) (
170) (
52,327) (
42 )
(
163,894 ) (
508) (
134,878) (
109 )
(
131,615 ) (
408) (
11,746) (
9 )
30,495
95
45,729
37
(
101,120 ) (
313)
33,983
28
( $
101,120 ) (
313) $
33,983
28
( $
101,120 ) (
313) $
33,983
28

400000 Revenues
424400
Net gain 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
902001Income (loss) before income tax
902005Net income (loss)
902006Total current comprehensive
income (loss)

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

~169~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 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.

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 March 4, 2024.

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[®] ”)Accounting Standards 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 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’ Amendments to IAS 12, ‘International tax reform - pillar two model rules’	Effective Date by International Accounting Standards Board
	January 1, 2023 January 1, 2023 January 1, 2023 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.

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

New standards, interpretations and amendments endorsed by the FSC and will become effective from 2024 are as follows:

rom 2024 are as follows:
New Standards,Interpretations and Amendments	Effective Date by International Accounting Standards Board
Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’ Amendments to IAS 1, ‘Classification of liabilities as current or non- current’ Amendments to IAS 1, ‘Non-current liabilities with covenants’ Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’	January 1, 2024 January 1, 2024 January 1, 2024 January 1, 2024

~170~

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

(3) IFRS Accounting Standards issued by IASB but not yet endorsed by the FSC

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

==> picture [466 x 48] intentionally omitted <==

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

Effective Date by
International Accounting
New Standards, Interpretations and Amendments Standards Board
----- End of picture text -----

Accounting Standards 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
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 –	January 1, 2023
comparative information’
Amendments to IAS 21, ‘Lack of exchangeability’	January 1, 2025

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.

~171~

(3) Classification of current and non-current items

A. Assets that meet one of the following criteria are classified as 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.

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.

~172~

(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.
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 maturing within one year 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

~173~

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) and does not give rise to equal taxable and deductible temporary differences. 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.
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.

~174~

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 deposits Time deposits	current December 31, 2023 December 31, 2022 63,520 $ 76,746 $ 1,084,449 1,061,565 1,147,969 $ 1,138,311 $ December 31,2023 December 31, 2022 27 $ 27 $ 27) ( 27) ( - - 4,121,639 4,574,974 91 8,893 4,121,730 $ 4,583,867 $
Investment securities Valuation adjustment Subtotal Futures guarantee deposits receivable Options bought

(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 pertains to money transfer among other segments.

(4) Operating capital

As of December 31, 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

nificant related party transactions 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.	December 31,2023 3,978,069 $ December 31,2023 3,000 $ Year ended December 31,2023 4,677 $	December 31,2022
		4,438,786 $ December 31,2022
		3,000 $ Year ended December 31,2022 1,526 $

B. Settlement fund
C. Clearing charges

~175~

8. Pledged Assets

Assets December 31, 2023 December 31, 2022

Purposes

Pledged time deposits (stated as other non-current asset)

Operating guarantee deposits $ 10,000 $ 10,000 Security deposits

9. SIGNIFICANT COMMITMENTS

None.

10. SIGNIFICANT LOSS FROM NATURAL DISASTER

None.

11. SIGNIFICANT SUBSEQUENT EVENT

None.

(Blank below)

~176~

12. DERIVATIVE INSTRUMENT TRANSACTION

(1) Derivative instrument

A. Nominal principal or contract size and credit risk:

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Futures contract	FICCF FICDF FICGF FICHF FICKF FICMF FICSF FICWF FICXF FICYF FICZF FIDAF FIDBF FIDKF FIDPF FIDQF FIDSF FIDXF FIEGF FIFCF FIFNF FIFQF FIFTF FIFVF FIFZF FIGCF FIGHF FIGIF FIGUF FIHHF FIHLF FIHQF FIHSF FIIIF FIIQF FIJZF FIKFF FIKSF FIKWF FILCF FILOF FILQF FIMTX FIMTX	Long Long Long Long Long Long Long Long Short Short Long Short Long Long Long Long Long Long Short Short Long Long Long Long Long Short Long Long Long Long Short Short Long Long Short Short Long Long Short Short Long Long Long Short	6 13 3 7 20 50 12 3 30 12 1 18 6 1 30 41 2 1 127 45 17 1 2 4 4 24 1 4 8 11 31 49 4 1 10 55 30 15 35 13 30 3 27 5	613 $ 15,218 240 255 1,818 1,788 937 288 2,489 1,760 287 1,693 268 449 1,629 1,151 216 197 2,482 2,450 2,614 235 282 254 244 2,497 533 1,626 2,546 296 2,505 2,759 252 197 2,252 2,592 2,445 10,378 2,484 2,558 1,600 316 24,124 4,440	631 $ 15,418 240 254 1,826 1,800 926 288 2,523 1,884 288 1,854 259 450 1,638 1,173 216 198 2,487 2,340 2,547 235 283 252 243 2,554 532 1,636 2,576 296 2,486 2,499 252 196 2,280 2,459 2,460 10,635 2,485 2,566 1,602 316 24,125 4,465	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade 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~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIMX1 FIMX2 FINDF FINLF FIODF FIOEF FIOHF FIOLF FIPEF FIPQF FIPSF FIPTF FIPUF FIPWF FIQDF FIQFF FIQRF FIQVF FIQWF FIQXF FIQYF FIRCF FIRDF RHF FIRLF FIRNF FIROF FIRQF FIRRF RTF FIRWF SXF SXF FITE FITF FITX FITX FIXIF FIZEF FICCF FICDF FICEF FICGF FICHF FICSF FICXF FICYF FICZF FIDAF	Long Long Long Long Long Short Long Short Long Long Long Long Long Long Long Short Long Long Long Short Long Long Long Long Short Long Long Short Long Short Short Long Short Long Long Long Short Long Long Short Short Short Short Short Long Short Short Short Long	44 8 1 10 18 106 8 2 3 20 3 4 6 1 8 5 5 35 1 22 35 24 25 4 42 6 11 49 44 5 14 1 1 49 23 34 2 41 40 49 100 13 23 11 56 105 32 61 6	39,344 $ 7,148 208 1,612 4,899 2,363 2,492 552 581 2,449 268 2,711 609 183 2,727 289 246 4,964 312 2,316 4,879 2,541 2,520 2,791 2,489 2,309 2,489 2,486 2,488 710 2,364 341 345 174,468 39,298 121,506 7,095 62,159 17,800 5,142 116,808 1,663 1,777 399 4,385 8,800 4,742 17,636 633	39,367 $ 7,152 207 1,618 4,842 2,512 2,536 576 551 2,420 267 2,836 609 183 2,696 297 245 4,991 312 2,420 4,900 2,578 2,520 2,789 2,453 2,334 2,464 2,504 2,429 707 2,429 340 344 174,797 39,544 121,516 7,144 62,201 17,837 5,155 118,600 1,680 1,839 399 4,323 8,831 5,024 17,553 616	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade 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

~178~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIDAF FIDBF FIDDF FIDHF FIDIF FIDJF FIDQF FIDSF FIDVF FIDXF FIEHF FIEMF FIFGF FIFNF FIFQF FIFRF FIFTF FIFVF FIFYF FIFZF FIFZF FIGHF FIGIF FIGUF FIGWF FIGXF FIHBF FIHCF FIHSF FIHSF FIIIF FIIMF FIIOF FIIPF FIIQF FIIRF FIJBF FIJPF FIJSF FIKDF FIKFF FIKGF FILBF FILEF FILQF FILXF FILYF FIMBF FINAF	Short Long Short Short Short Short Short Short Short Short Short Short Long Short Short Short Short Short Long Long Short Short Short Short Short Short Short Long Long Short Long Short Long Long Short Short Short Short Short Long Short Long Short Long Short Long Long Short Short	257 33 27 852 1 15 311 26 68 90 14 13 5 20 14 9 90 25 3 2 10 10 12 3 3 2 105 5 6 263 16 3 1 15 2 10 5 2 24 4 6 3 3 10 1 1 3 4 19	27,286 $ 1,447 469 174,037 63 13,880 8,744 2,730 132,356 17,362 2,223 1,192 8,980 2,964 3,207 5,537 12,991 1,507 282 119 621 5,200 4,584 953 948 741 27,315 528 376 16,539 3,309 420 1,022 10,876 457 3,507 16,850 332 4,145 1,257 485 939 1,188 8,322 105 1,198 1,477 404 5,994	26,471 $ 1,426 477 178,068 63 14,700 8,899 2,803 138,120 17,782 2,150 1,216 9,128 2,996 3,289 5,643 12,726 1,577 282 121 608 5,320 4,908 964 972 776 25,933 513 378 16,543 3,127 422 1,030 10,695 456 3,519 17,350 326 4,177 1,256 492 942 1,173 8,401 105 1,194 1,506 403 6,023	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

~179~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FINDF FINEF FINIF FINJF FINLF FINMF FINOF FINVF FINWF FIOLF FIOPF FIOQF FIOVF FIOWF FIOZF FIPAF FIPBF FIPEF FIPJF FIPLF FIPNF FIPQF FIPRF FIPSF FIPTF FIPUF FIPWF FIPWF FIQAF FIQCF FIQDF FIQEF FIQEF FIQFF FIQFF FIQGF FIQHF FIQIF FIQJF FIQLF FIQNF FIQQF FIQWF FIQXF FIRAF FIRCF FIRDF FIRFF FIRGF	Short Short Long Short Long Short Short Short Short Short Short Short Short Short Short Short Short Short Long Short Short Long Long Short Long Short Long Short Short Short Short Long Short Long Short Short Long Short Long Short Short Long Long Long Short Short Short Short Long	1 9 1 19 5 1 41 48 3 299 2 1 10 1 7 6 51 21 1 26 7 17 5 11 2 243 9 120 2 3 7 3 10 3 44 15 3 22 78 7 65 1 75 4 1 27 3 3 11	214 $ 1,375 93 1,934 801 137 16,318 19,089 3,043 82,390 1,998 540 2,489 1,206 1,876 1,815 3,067 3,901 762 2,310 1,249 2,050 1,314 951 1,414 23,930 1,655 21,980 614 323 2,502 179 596 178 2,599 710 153 351 3,214 1,762 3,360 165 23,297 446 598 2,840 297 321 824	207 $ 1,337 89 1,866 809 143 16,034 18,966 3,144 86,112 2,080 536 2,540 1,174 1,883 1,851 2,994 3,856 762 2,254 1,274 2,057 1,310 979 1,418 24,677 1,643 21,900 622 313 2,359 179 597 178 2,609 704 155 349 3,277 1,778 3,406 168 23,400 440 671 2,900 302 323 848	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

~180~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIRJF FIRKF FIRNF FIROF FIRRF FIRSF FIRUF FIRVF FIRWF FISAF FITX FICAF FICBF FICCF FICDF FICDF FICEF FICFF FICGF FICGF FICHF FICKF FICLF FICLF FICMF FICNF FICQF FICSF FICUF FICWF FICXF FICYF FICZF FIDAF FIDBF FIDCF FIDDF FIDFF FIDGF FIDHF FIDIF FIDJF FIDKF FIDLF FIDNF FIDOF FIDPF FIDQF FIDSF	Long Short Short Short Short Short Long Short Long Short Short Long Long Long Long Short Long Long Long Short Long Long Short Long Short Long Long Long Long Short Short Short Long Long Short Long Short Long Short Short Short Short Long Short Short Long Short Short Long	1 41 35 1 10 12 3 56 119 1 86 18 378 356 445 28 15 11 29 10 486 13 13 29 1 60 25 418 79 16 1,120 142 389 223 648 75 162 33 58 419 35 31 39 4 8 9 1 7 81	70 $ 17,510 13,530 225 555 2,994 1,034 1,719 20,718 548 306,979 2,440 19,474 36,084 525,232 32,993 1,945 1,744 2,210 741 16,241 1,168 1,011 2,289 35 3,404 3,701 32,054 1,735 1,419 95,918 20,947 115,460 23,608 28,165 2,708 2,833 2,258 7,395 85,224 2,160 29,926 16,881 958 409 478 54 179 8,739	69 $ 17,917 13,615 224 552 2,940 1,044 1,756 20,647 543 307,364 2,394 20,293 37,451 527,770 33,208 1,938 1,740 2,320 798 17,642 1,187 1,014 2,268 36 3,384 3,700 32,263 1,809 1,538 94,192 22,294 111,932 22,969 27,994 2,685 2,864 2,297 7,238 87,571 2,198 30,380 17,550 956 413 495 55 200 8,732	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 Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~181~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIDVF FIDVF FIDWF FIDXF FIEEF FIEGF FIEHF FIEKF FIEMF FIEPF FIEYF FIEZF FIFBF FIFCF FIFEF FIFFF FIFKF FIFNF FIFQF FIFQF FIFRF FIFSF FIFTF FIFVF FIFWF FIFYF FIFZF FIGAF FIGCF FIGHF FIGIF FIGJF FIGLF FIGMF FIGNF FIGOF FIGRF GTF FIGUF FIGWF FIGXF FIGYF FIGZF G2F FIHAF FIHBF FIHCF FIHHF FIHIF	Long Short Long Short Long Short Long Short Short Short Long Short Long Short Long Short Long Long Long Short Short Short Short Short Short Long Long Long Short Short Short Long Long Long Short Short Long Short Short Short Short Long Short Short Long Long Short Short Long	11 16 3 85 62 141 3 37 8 1 8 3 22 53 211 13 14 561 12 5 12 16 5 7 22 113 102 46 7 14 1 21 57 1 1 5 1 10 3 4 16 10 10 8 6 5 9 832 1	22,540 $ 32,341 384 16,532 1,887 2,752 467 1,174 734 1,982 134 403 3,162 2,914 16,529 5,888 1,283 84,378 2,757 1,154 7,406 520 724 443 873 10,737 6,014 6,309 732 7,389 412 19,659 5,616 94 68 2,734 189 9,332 964 1,305 5,996 1,412 447 3,698 156 1,338 926 22,487 76	22,330 $ 32,640 385 16,796 1,885 2,761 461 1,169 748 2,020 131 406 3,124 2,756 16,628 6,084 1,257 84,038 2,820 1,170 7,524 523 707 442 876 10,617 6,198 6,440 745 7,448 409 19,719 5,512 100 69 2,660 170 9,362 966 1,296 6,208 1,344 437 3,701 155 1,235 923 22,380 78	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade 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~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIHLF FIHOF FIHQF FIHSF FIIHF FIIIF FIIJF FIIMF FIIOF FIIPF FIIQF FIIQF FIIRF FIITF FIIXF FIIXF FIIYF FIIYF FIIZF FIJBF FIJFF FIJMF FIJNF FIJPF FIJSF FIJWF FIJZF FIKAF FIKBF FIKCF FIKDF FIKEF FIKFF FIKGF FIKIF FIKKF FIKLF FIKOF FIKPF FIKSF FIKUF FIKUF FIKWF FILBF FILCF FILEF FILIF FILMF FILOF	Long Long Long Short Short Long Short Long Long Long Short Short Short Short Long Short Long Short Short Long Short Short Long Long Long Long Short Long Long Long Short Short Long Short Long Long Short Short Short Short Long Short Short Short Long Long Short Short Short	5 11 34 61 10 62 2 8 34 48 2 10 14 4 10 9 1 15 17 18 1 8 92 36 7 5 7 3 15 19 1 16 22 10 1 54 12 83 9 51 8 1 1 9 7 26 1 12 1	402 $ 2,114 1,852 3,833 447 12,599 10,768 1,160 34,568 35,586 448 2,195 5,016 788 1,995 1,800 248 3,762 1,285 63,073 2,140 12,018 6,479 5,725 1,197 780 316 809 2,519 5,557 304 3,046 1,789 3,118 86 6,071 761 20,684 667 36,134 305 38 71 3,601 1,378 21,766 176 4,444 53	401 $ 2,114 1,734 3,837 435 12,120 11,520 1,125 35,020 34,224 450 2,280 4,928 790 1,990 1,795 250 3,735 1,284 62,460 2,150 12,336 6,679 5,861 1,218 784 313 792 2,556 5,339 314 3,072 1,801 3,135 98 5,843 745 20,876 681 36,159 303 38 71 3,519 1,382 21,840 177 4,392 53	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~183~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FILQF FILTF FILUF FILVF FILXF FILYF FIMAF FIMBF FIMJF FIMKF FIMQF FIMTX FIMTX FIMX1 FIMX2 FINAF FINBF FINDF FINEF FINGF FINIF FINJF FINJF FINMF FINOF FINSF FINUF FINVF FINWF FINYF FIOAF FIODF FIOEF FIOHF FIOJF FIOKF FIOLF FIOOF FIOPF FIOQF FIORF FIOSF FIOTF FIOUF FIOVF FIOWF FIOXF FIOYF FIOZF	Long Short Long Short Long Long Short Short Long Long Long Long Short Short Long Short Long Short Short Long Short Long Short Short Short Long Short Long Short Long Short Long Long Long Short Short Short Short Short Short Short Long Long Long Short Long Long Short Long	219 41 19 6 32 4 3 1 1 33 2 1,384 825 98 169 1 1 24 7 5 3 28 10 2 9 20 5 17 27 410 1 2 267 5 20 3 6 8 8 48 3 34 3 7 31 1 2 100 10	22,734 $ 6,624 4,046 2,242 38,726 1,975 926 104 428 7,571 277 1,229,186 733,703 87,523 150,939 339 476 4,874 1,071 871 274 2,832 995 294 3,551 3,010 454 6,820 28,658 555,034 273 544 6,115 1,549 3,782 298 1,694 928 8,037 25,980 357 1,006 649 2,022 7,470 1,174 2,288 5,735 2,670	23,083 $ 6,552 4,123 2,310 38,208 2,008 936 101 428 7,260 261 1,235,483 734,562 87,681 151,094 317 489 4,978 1,040 907 266 2,750 983 286 3,519 2,884 441 6,725 28,296 555,745 276 538 6,320 1,585 3,760 305 1,728 933 8,320 25,728 356 1,020 636 2,030 7,869 1,174 2,260 5,650 2,680	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~184~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
	FIOZF FIPAF FIPBF FIPCF FIPDF FIPEF FIPFF FIPGF FIPIF FIPJF FIPJF FIPKF FIPLF FIPMF FIPNF FIPQF FIPRF FIPSF FIPTF FIPUF FIPVF FIPWF FIPXF FIPYF FIQAF FIQBF FIQCF FIQDF FIQEF FIQFF FIQGF FIQHF FIQIF FIQJF FIQKF FIQLF FIQMF FIQNF FIQOF FIQQF FIQRF FIQTF FIQUF FIQVF FIQWF FIQXF FIQYF FIQZF FIRAF	Short Short Short Short Long Long Short Short Short Long Short Short Long Short Short Long Short Short Long Short Short Short Short Long Short Short Long Short Short Long Long Long Short Long Short Long Long Long Short Short Long Long Long Long Long Short Short Long Long	23 18 64 7 4 6 1 8 2 2 3 2 39 4 1 8 26 33 29 1 8 50 4 24 4 13 24 13 3 2 61 40 20 30 19 5 1 3 4 15 36 2 32 22 206 55 15 37 2	6,074 $ 5,483 3,965 1,437 1,270 1,111 360 493 10,168 1,514 2,237 210 3,468 1,350 182 976 6,727 2,669 20,017 102 27,812 8,661 5,898 1,891 1,252 1,171 2,552 4,807 183 115 2,873 2,063 339 1,282 1,291 1,286 22 158 233 2,494 1,575 246 2,809 3,137 64,728 6,045 2,090 2,193 1,339	6,187 $ 5,562 3,757 1,477 1,316 1,102 375 490 9,780 1,524 2,277 195 3,381 1,364 182 968 6,812 2,937 20,541 102 29,200 9,125 5,816 1,745 1,244 1,205 2,506 4,381 179 119 2,864 2,060 317 1,260 1,237 1,270 23 157 233 2,517 1,764 247 2,707 3,137 64,272 6,050 2,100 2,182 1,342	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade 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~

		December31,2023	December31,2023	December31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fairvalue	Note
		Long/ Short	Number of contracts
Options contract	FIRAF FIRBF FIRCF FIRDF FIREF FIRFF FIRGF FIRJF FIRKF FIRLF FIRNF FIROF FIRRF FIRSF FIRUF FIRUF FIRWF FIRXF FIRYF FIRZF FIRZF FISAF FISBF FISCF FITE FITX FITX FIZEF FIZEF ZFF TX1 call TX1 call TX1 put TX1 put TX1 call TX1 call TXO call TXO call TXO put	Short Short Long Short Long Short Short Long Short Short Short Long Long Long Long Short Short Short Short Long Short Short Short Long Long Long Short Long Short Short Long Short Long Short Long Short Short Short Long	2 21 3 6 19 49 25 143 39 12 9 5 59 4 10 556 13 6 2 16 896 2 9 1 19 230 353 34 4 98 150 150 525 525 1 14 196 27 248	1,239 $ 5,825 315 606 5,582 5,310 1,675 9,867 16,981 716 3,478 1,129 3,282 963 3,371 199,788 2,249 712 339 4,947 273,185 1,062 446 35 67,738 821,026 1,251,751 15,129 1,783 42,098 8 143) ( 27 456) ( 3 24) ( 1,042) ( 128) ( 180	1,342 $ 5,649 322 605 5,415 5,268 1,928 9,822 17,043 701 3,501 1,120 3,257 980 3,490 193,488 2,256 706 347 4,944 276,522 1,086 425 35 67,766 820,926 1,258,921 15,149 1,784 42,125 6 139) ( 14 216) ( 2 21) ( 1,619) ( 192) ( 69	Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade 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 Trade Trade

~186~

		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 FIUDF FIUNF FIXIF FICAF FICFF FIDCF FIDLF FIDLF FIDOF FIDXF FIEGF FIFVF FIFYF 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

~187~

December 31,2022

Item	Trading category	Openpositions	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

~188~

		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

~189~

		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 FIFYF 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

~190~

December 31,2022

Item	Trading category	Openpositions	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

~191~

December 31,2022

Item	Trading category	Openpositions	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 FIMX1 FIMX2 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

~192~

		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

~193~

		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 FIZEF FT JY FIRTF 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) ( 143 194) ( 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

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.

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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 25] intentionally omitted <==

Financial assets in foreign currencies Futures guarantee deposits receivable $ 30,573 ($ 706) $ 16,193 $ 2,953 $ 11,296 $ 25,526 $ 85,836 Note: As of December 31, 2023, foreign exchange rates of the above currencies to TWD were 1 USD = 30.705 TWD; 1 EUR= 33.980 TWD; 1 HKD= 3.929 TWD; 1 JPY= 0.217 TWD; and 1 RMB= 4.327 TWD, respectively.

==> picture [418 x 25] 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.

~195~

C. The amount, period and uncertainty of liquidity risk, cash flow risk and future cash demand: As of December 31, 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

hedging instrument are regularly evaluated. Derivatives in financial statements: (A) Margin deposits for the futures contract
(B) Net gain (loss) from derivatives-future Futures guarantee deposits receivable Excess margin Futures contract gain Option trading gain Futures contract loss Option trading loss Total		December 31,2023		December 31,2022
		4,121,639 $ 3,469,589 $ Year ended December 31,2023		4,574,974 $ 3,622,064 $ Year ended December 31,2022
	576,101 $ 185,035 599,098) ( 129,759) ( 32,279 $		806,635 $ 341,741 775,049) ( 250,195) ( 123,132 $

(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 receivable, other receivable, operation guaranteed deposits, accounts payables and other

~196~

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 December 31, 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.

(B) 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.

(Blank below)

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	December 31,2023	December 31,2023
Total	Level 1	Level 2	Level3
$ 4,121,730 2,187	$ 4,121,730 $ - 2,187 - December 31,2022		$ - -
Total	Level 1	Level 2	Level3
$ 4,583,867 2,734	$ 4,583,867 2,734	$ - -	$ - -

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

IMPLEMENTATION

==> picture [669 x 206] intentionally omitted <==

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

December 31, 2023 December 31, 2022
Article Calculation formula Standard Enforcement
Calculation Ratio Calculation Ratio
Stockholders’ equity 1,983,329 2,284,449 Met the
17 28.55 58.08 ≧1
－
(Total liability futures trader’s equity) 69,475 39,336 requirement
Current assets 5,271,642 5,722,742 Met the
17 75.88 145.49 ≧1
Current liabilities 69,475 39,336 requirement
Stockholders’ equity 1,983,329 2,284,449 ≧60% Met the
22 495.83% 571.11%
Minimum paid-in capital 400,000 400,000 ≧40% requirement
Adjusted net capital 1,587,756 1,739,987 ≧20%
Met the
22 Total amount of customer margins required 243.50% 182.60%
652,050 952,910 ≧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.

(Blank below)

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PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

STATEMENT OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2023

STATEMENT OF CASH AND CASH EQUIVALENTS DECEMBER 31, 2023
(Expressed in thousands of New Taiwan dollars) Item Description Current deposits Deposits denominated in NTD Deposits denominated in foreign currencies USD 64 thousands, exchange rate: 30.705 HKD 6 thousands, exchange rate: 3.929 Time deposits Deposits denominated in NTD Maturity Date: January 1, 2024 to March 27, 2024 Interest rates: 0.605%~1.250% Deposits denominated in foreign currencies USD 3,900 thousands, exchange rate: 30.705 Maturity Date: January 8, 2024 to March 6, 2024 Interest rates: 5.200%~5.500% Total	Amount $ 61,520 2,000 964,700 119,749 $ 1,147,969	Remark

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PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

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

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument	Description	Shares or certificates 150 525 1 248	Par value (dollar)	Total amount	Interest rate(%)	Cost `＄` 27 4,121,639 8 27 3 180 218 `＄` 4,121,884	Fair value Unit price (dollars) Total amount `＄` - 4,121,639 6 14 2 69 91 `＄` 4,121,730	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 TX1 Call TX1 Put TX1 Call TXO Put Total	Long Long Long Long								Trade Trade Trade Trade

~202~

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

DECEMBER 31, 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 `＄` 3,937,594 19,693 2,953 7,111 332 ( 706 ) 11,092 3,978,069 40,211 20,096 16,536 9,895 4,879 3,779 9,082 204 64,471 37,903 985 38,888 ＄ 4,121,639	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 KRW HKD RMB TWD USD	`＄` 640 13,581 1,810 8 ( 21 ) 2,562 13,134,361 322 5,411 159,458 2,311 47 32	30.705 0.217 3.929 39.150 33.980 4.327 0.001 30.705 0.902 0.024 3.929 4.327 30.705

~203~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF OTHER RECEIVABLES

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item	Description Time deposit interest Monetary incentives	Amount $ 1,922 21 $ 1,943	Remark
Interest receivable Other receivable Total

~204~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF CHANGES IN PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2023

	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023
Item	(Expressed in thousands of New Taiwan dollars) Beginning balance Increased Decreased Ending balance $ 8,731$ 1,727( $ 2,779) $ 7,679				Collateral	Remark
Computer equipment	$ 8,731	$ 1,727	( $ 2,779)	$ 7,679	No

~205~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2023

	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023
Item	(Expressed in thousands of New Taiwan dollars) Beginningbalance Increased Decreased ( $ 4,585) ( $ 2,213) $ 2,779			Endingbalance ( $ 3,929)	Remark
Computer equipment	( $ 4,585)	( $ 2,213)	$ 2,779		Note

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

~206~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF CHANGES IN INTANGIBLE ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2023

	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023	FOR THE YEAR ENDED DECEMBER 31, 2023
Item	(Expressed in thousands of New Taiwan dollars) Beginning balance Increased Decreased $ 9,643 $ 3,558 ( $ 4,120)			Ending balance	Remark
Computer software	$ 9,643	$ 3,558	( $ 4,120)	$ 9,081	Note

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

~207~

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

DECEMBER 31, 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

~208~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument	Shares or certificates	Cost	Fairvalue Unit price (dollars) Total amount `＄` 139 216 21 1,619 192 `＄` 2,187	Changes in the fair value attributable to changes in credit risk	Remark
			Unit price (dollars)
Options sold TX1 Call TX1 Put TX1 Call TXO Call TXO Call Total	150 525 14 196 27	`＄` 143 456 24 1,042 128		`＄` - - - - -	Trade Trade Trade Hedge Trade
		`＄` 1,793		`＄` -

~209~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF ACCOUNTS PAYABLE

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Name of client Non-related parties: National Taxation Bureau	Description Futures exchange tax	Amount $ 17	Remark

~210~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF OTHER PAYABLES

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Service charge payable Clearance fee payable Salaries payable Bonuses payable Others Total	Description	Amount $ 3,457 1,721 2,111 59,521 461 $ 67,271	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.

~211~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF NON-CURRENT LIABILITIES

DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Inter-department account Total	Description Futures margin - hedged ( Futures margin – non-hedged Others	Amount $ 2,133,060 ) 5,376,191 1,898 $ 3,245,029	Remark

~212~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF NET GAIN FROM DERIVATIVES

FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Description Amount Remark

Gain from derivatives
Futures contract gain - non-hedged	Realised		`＄`	581,913
Futures contract gain - non-hedged	Unrealised	(		5,812 )
Subtotal				576,101
Option trading gain - non-hedged	Realised			185,203
Option trading gain - non-hedged	Unrealised	(		168 )
Subtotal				185,035
Total				761,136
Loss from derivatives
Futures contract loss - non-hedged	Realised	(		606,863 )
Futures contract loss - non-hedged	Unrealised	(		7,765 )
Subtotal		(		599,098 )
Option trading loss - non-hedged	Realised	(		129,869 )
Option trading loss - non-hedged	Unrealised	(		110 )
Subtotal		(		129,759 )
Total		(		728,857 )
Total			`＄`	32,279

~213~

PRESIDENT SECURITIES CORPORATION- FUTURES SEGMENT

STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION, AMORTIZATION, AND OTHER OPERATING EXPENSES FOR THE YEAR ENDED DECEMBER 31, 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	Year ended December 31,2023 $ 86,211 3,569 1,669 1,338 2,123 4,120 54,836 $ 153,866	Year ended December 31,2022 $ 58,233 3,153 1,465 2,262 2,204 2,760 52,327 $ 122,404	Remark

Note `：`

For the years ended December 31, 2023 and 2022, the Segment had 22 and 24 employees, respectively, in which directors not concurrently serving as employees were both 0.
The annual parent company only financial statements shall additionally disclose the information below:
(1) The average employee benefit expense was $4,218 for the year ended December 31, 2023 (“total employee benefit expense for the year minus total director’s remuneration”/ “number of employees for the year minus number of directors who are not concurrently employees”).
- The average employee benefit expense was $2,713 for the year ended December 31, 2022 (“total employee benefit expense in the previous year minus total director’s remuneration” / “number of employees in the previous year minus number of directors who are not concurrently employees”).
(2) Average salary of this year is $3,919 (a total sum of salaries in this year / (“number of employees in this year minus number of non-employee directors in this year”)).
- Average salary of the previous year is $2,426 (a total sum of salaries in the previous year / (“number of employees in the previous year minus number of non-employee directors in the previous year”)).
(3) Change of average salary is a decrease of 61.54% (“average salary in this year minus average salary in the previous year” /average salary in the previous year).
For the years ended December 31, 2023 and 2022, supervisors’ remuneration were both $0. Because of the establishment of Audit Committee, there is no supervisors’ remuneration.
The remuneration policy of the Company (Including directors, supervisors, managers and employees):
(1) Directors: Pursuant to Article 19 of the Company’s Articles of Incorporation, the remuneration to director is determined by the board of directors by taking into the degree of participation in the company’s operations, contribution and industry standards.
```
 - Independent directors receive fixed pay monthly and do not participate in the distribution of company directors’ remuneration.
```
(2) Managers and employees: Pursuant to Article 37 of Work Rules, the Company’s remuneration policy is to fairly compensate employees’ contribution to the company, to offer competitive salary among peers, to meet relevant laws and regulations related to salary and to properly control salary cost.

~214~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF OTHER GAINS AND LOSSES

FOR THE YEAR ENDED DECEMBER 31, 2023

(Expressed in thousands of New Taiwan dollars)

Item Financial income Net currency exchange gain Monetary incentives from TAIFEX Others Total	Description (	Amount Remark $ 15,154 2,559 ) 17,780 120 $ 30,495	Remark

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AI assistant

PSC — Audit Report / Information 2023

52209_rns_2023-12-22_b33da5d1-8ec5-4304-bafc-a52efd7e7822.pdf

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY FINANCIAL

STATEMENTS AND INDEPENDENT AUDITORS’

REPORT

INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE

Opinion

Basis for opinion

Key audit matters

Fair value measurement of unlisted stocks without active market

Description

How our audit addressed the matter

Impairment assessment of investments accounted for under the equity method

Description

How our audit addressed the matter

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

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

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

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

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME YEARS ENDED DECEMBER 31, 2023 AND 2022

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2023 AND 2022

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2023 AND 2022

PRESIDENT SECURITIES CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

1. HISTORY AND ORGANIZATION

STATEMENTS AND PROCEDURES FOR AUTHORIZATION

3) IFRS Accounting Standards issued by IASB but not yet endorsed by the FSC

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1) Compliance statement

12) Offsetting financial instruments

14) Property and equipment

16) Investment property

C. Pensions

22) Revenues and expenses

24) Share capital

25) Earnings per share

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

D. Impairment assessment of goodwill

6. DETAILS OF SIGNIFICANT ACCOUNTS

1) Cash and cash equivalents

2) Financial assets at fair value through profit or loss

3) Financial assets at fair value through other comprehensive income

4) Margin loans receivable

5) Accounts receivable

6) Other receivables

7) Other current assets

8) Transfer of financial assets

9) Offsetting financial assets and financial liabilities

(2) Financial liabilities

December 31, 2023

10) Investments accounted for under the equity method

Balance sheet

11) Property and equipment

－ 12) Leasing arrangements lessee

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

14) Investment property

16) Other non-current assets

17) Short-term loans

21) Accounts payable

22) Other payables

23) Other financial liabilities - current

24) Other liabilities-non-current

25) Pension plan

(C)Movements in net defined benefit liabilities (assets) are as follows

26) Equity

28) Brokerage handling fee revenue

29) Revenues from underwriting business

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

PSC Audit Report / Information 2023

`－` 12) Leasing arrangements lessee

`–` a. Lease liabilities current

`–` b. Lease liabilities non-current

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