PSC - Audit Report / Information 2024

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’

REPORT

DECEMBER 31, 2024 AND 2023

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

PWCR24003566 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, 2024 and 2023, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended and notes to the parent company only financial statements, including a summary of material accounting policies.

In our opinion, based on our audits and the report of other auditors (please refer to the Other matter section), the accompanying parent company only financial statements present fairly, in all material respects, the parent company only financial position of the Company as at December 31, 2024 and 2023, and its parent company only financial performance and its parent company only cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Firms and Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants.

Basis for opinion

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

~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 2024 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.

Key audit matter for the Company’s 2024 parent company only financial statements is stated as follows:

Fair value measurement of unlisted stocks without active market

Description

Please refer to Note 4(7) for the accounting policies on unlisted stocks without active market (shown as “financial assets at fair value through other comprehensive income”) and Note 5 for details of significant judgements, estimates and assumption uncertainty. As at December 31, 2024, the unlisted stocks without active market held by the Company totaled 412,862 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.

Other matter – Reference to the audits of other auditors

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

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

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

In preparing the parent company only financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable,

~4~

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 the audit committee, are responsible for overseeing the Company’s financial reporting process.

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

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

As part of an audit in accordance with the Standards on Auditing of the Republic of China,
we exercise professional judgement and professional skepticism throughout the audit. We also: 1. Identify and assess the risks of material misstatement of the parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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

~5~

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.

(Blank below)

~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

Kuo, Puo-Ju

For and on behalf of PricewaterhouseCoopers, Taiwan February 26, 2025

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

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

~7~

PRESIDENT SECURITIES CORPORATION PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Assets	December 31, 2024 AMOUNT % `$` `5,019,258` `3` `60,843,659` `39` `4,495,890` `3` `21,935,917` `14` `6,647` `-` `5,513` `-` `18,600,130` `12` `402,885` `-` `374,439` `-` `338` `-` `29,461,926` `19` `3,311` `-` `32,810` `-` `18,039` `-` `3,180,519` `2` `144,381,281` `92` `51,171` `-` `412,862` `-` `8,182,694` `5` `2,462,308` `2` `212,777` `-` `182,731` `-` `227,109` `-` `131,659` `-` `1,296,191` `1` `13,159,502` `8` `$` `157,540,783` `100`	December 31, 2023	December 31, 2023
	AMOUNT `$` `5,019,258` `60,843,659` `4,495,890` `21,935,917` `6,647` `5,513` `18,600,130` `402,885` `374,439` `338` `29,461,926` `3,311` `32,810` `18,039` `3,180,519` `144,381,281` `51,171` `412,862` `8,182,694` `2,462,308` `212,777` `182,731` `227,109` `131,659` `1,296,191` `13,159,502` `$` `157,540,783`	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`	%
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			`3` `44` `3` `15` `-` `-` `8` `-` `-` `-` `16` `-` `-` `-` `1`
			`90`
			`-` `-` `7` `2` `-` `-` `-` `-` `1`
			`10`
			`100`

(Continued)

~8~

PRESIDENT SECURITIES CORPORATION PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	December 31, 2024 AMOUNT % `$` `8,804,220` `5` `32,969,815` `21` `13,535,710` `9` `15,589,881` `10` `1,208,692` `1` `1,707,090` `1` `973,576` `1` `1,982,997` `1` `27,431,166` `17` `1,658` `-` `955,543` `1` `2,636,299` `2` `13,801,583` `9` `277,983` `-` `67,716` `-` `74,132` `-` `122,018,061` `78` `15,585` `-` `143,956` `-` `19,468` `-` `54,808` `-` `233,817` `-` `122,251,878` `78` `14,558,313` `9` `91,261` `-` `4,233,889` `3` `9,803,068` `6` `4,381,105` `3` `2,221,269` `1` `35,288,905` `22` `$` `157,540,783` `100`	December 31, 2023	December 31, 2023
	AMOUNT `$` `8,804,220` `32,969,815` `13,535,710` `15,589,881` `1,208,692` `1,707,090` `973,576` `1,982,997` `27,431,166` `1,658` `955,543` `2,636,299` `13,801,583` `277,983` `67,716` `74,132` `122,018,061` `15,585` `143,956` `19,468` `54,808` `233,817` `122,251,878` `14,558,313` `91,261` `4,233,889` `9,803,068` `4,381,105` `2,221,269` `35,288,905` `$` `157,540,783`	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`	%
210000 Current liabilities 211100 Short-term loans 211200 Commercial papers payable 212000 Financial liabilities at fair value through profit or loss - current 214010 Bonds sold under repurchase agreements 214040 Deposits on short sales 214050 Short sale proceeds payable 214070 Guarantee deposit received on borrowed securities 214090 Equity for each customer in the account 214130 Accounts payable 214150 Advance receipts 214160 Collections on behalf of third parties 214170 Other payables 214200 Other financial liabilities - current 214600 Current tax liability 216000 Current lease liabilities 219000 Other current liabilities 210000 Total current liabilities 220000 Non-current liabilities 225100 Non-current provisions 226000 Non-current lease liabilities 228000 Deferred tax liability 229000 Other liabilities - non-current 220000 Total non-current liabilities 906003 Total Liabilities 301000 Capital 301010 Common stock 302000 Capital reserve 304000 Retained earnings 304010 Legal reserve 304020 Special reserve 304040 Unappropriated earnings 305000 Other equity interest 906004 Total equity 906002 Total liabilities and equity			`6` `18` `9` `16` `1` `1` `1` `1` `14` `-` `-` `2` `4` `-` `-` `-`
			`73`
			`-` `-` `-` `-`
			`-`
			`73`
			`12` `-` `4` `8` `2` `1`
			`27`
			`100`

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

~9~

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

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

Items Year ended December 31
2024
2023
Notes
AMOUNT
%
AMOUNT
%
6(28)
$
3,810,592
32
$
2,795,316
32
6(29)
116,587
1
104,284
1
80,191
1
55,919
1
6(30)
7,977,445
66
2,321,554
27
95,951
1
91,731
1
6(31)
2,221,737
19
1,366,096
16
847,195
7
3,662,012
42
6(32)
(
944,760) (
8)
1,746,344
20
6(33)
(
845,728) (
7) (
60,644) (
1)
6(34)
149,246
1
(
1,376,328) (
16)
(
63,620)
-
(
143,436) (
2)
(
82,053) (
1) (
295,958) (
3)
5,517
-
8,683
-
6(36)
(
65,805) (
1) (
221,645) (
2)
35,610
-
34,079
-
6(37)
(
2,306,359) (
19) (
1,816,523) (
21)
6(38)
22,193
-
(
17,076)
-
6(39)
970,599
8
424,309
5
12,024,538
100
8,678,717
100
6(40)
(
577,434) (
5) (
410,560) (
5)
(
9,030)
-
(
8,484)
-
6(41)
(
1,516,836) (
12) (
873,831) (
10)
(
109)
-
(
98)
-
(
24,769)
-
(
20,873)
-
(
6,678)
-
(
492)
-
6(42)
(
3,616,061) (
30) (
2,772,591) (
32)
6(43)
(
318,328) (
3) (
275,701) (
3)
6(44)
(
2,170,821) (
18) (
1,877,364) (
22)
(
8,240,066) (
68) (
6,239,994) (
72)
3,784,472
32
2,438,723
28
6(10)
772,602
6
455,691
5
6(45)
243,115
2
225,358
3
4,800,189
40
3,119,772
36
6(46)
(
427,135) (
4) (
240,821) (
3)
$
4,373,054
36
$
2,878,951
33

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
Financial 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
902001
Profit before tax
701000
Income tax (expense) benefit
902005
Net income

Items	Year ended December 31 2024 2023 Notes AMOUNT % AMOUNT % 6(28) `$` `3,810,592` `32` `$` `2,795,316` `32` 6(29) `116,587` `1` `104,284` `1` `80,191` `1` `55,919` `1` 6(30) `7,977,445` `66` `2,321,554` `27` `95,951` `1` `91,731` `1` 6(31) `2,221,737` `19` `1,366,096` `16` `847,195` `7` `3,662,012` `42` 6(32) `(` `944,760) (` `8)` `1,746,344` `20` 6(33) `(` `845,728) (` `7) (` `60,644) (` `1)` 6(34) `149,246` `1` `(` `1,376,328) (` `16)` `(` `63,620)` `-` `(` `143,436) (` `2)` `(` `82,053) (` `1) (` `295,958) (` `3)` `5,517` `-` `8,683` `-` 6(36) `(` `65,805) (` `1) (` `221,645) (` `2)` `35,610` `-` `34,079` `-` 6(37) `(` `2,306,359) (` `19) (` `1,816,523) (` `21)` 6(38) `22,193` `-` `(` `17,076)` `-` 6(39) `970,599` `8` `424,309` `5` `12,024,538` `100` `8,678,717` `100` 6(40) `(` `577,434) (` `5) (` `410,560) (` `5)` `(` `9,030)` `-` `(` `8,484)` `-` 6(41) `(` `1,516,836) (` `12) (` `873,831) (` `10)` `(` `109)` `-` `(` `98)` `-` `(` `24,769)` `-` `(` `20,873)` `-` `(` `6,678)` `-` `(` `492)` `-` 6(42) `(` `3,616,061) (` `30) (` `2,772,591) (` `32)` 6(43) `(` `318,328) (` `3) (` `275,701) (` `3)` 6(44) `(` `2,170,821) (` `18) (` `1,877,364) (` `22)` `(` `8,240,066) (` `68) (` `6,239,994) (` `72)` `3,784,472` `32` `2,438,723` `28` 6(10) `772,602` `6` `455,691` `5` 6(45) `243,115` `2` `225,358` `3` `4,800,189` `40` `3,119,772` `36` 6(46) `(` `427,135) (` `4) (` `240,821) (` `3)` `$` `4,373,054` `36` `$` `2,878,951` `33`
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 Financial 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 902001 Profit before tax 701000 Income tax (expense) benefit 902005 Net income

(Continued)

~10~

PRESIDENT SECURITIES CORPORATION PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

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

Items Year ended December 31
2024
2023
Notes
AMOUNT
%
AMOUNT
%
($
7,490)
-
($
161,720) (
2)
6(3)
443,412
4
108,975
1
197,476
2
(
27,736)
-
6(46)
1,498
-
32,344
-
156,716
1
(
59,037) (
1)
(
3,556)
-
126,397
2
$
788,056
7
$
19,223
-
$
5,161,110
43
$
2,898,174
33
6(47)
$
3.00
$
1.98
$
3.00
$
1.97

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 or
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)
902006
Total current comprehensive income
(loss)
Earnings per share
975000
Basic earnings per share (in dollars)
985000
Diluted earnings per share (in dollars)

Items	Year ended December 31 2024 2023 Notes AMOUNT % AMOUNT % `($` `7,490)` `-` `($` `161,720) (` `2)` 6(3) `443,412` `4` `108,975` `1` `197,476` `2` `(` `27,736)` `-` 6(46) `1,498` `-` `32,344` `-` `156,716` `1` `(` `59,037) (` `1)` `(` `3,556)` `-` `126,397` `2` `$` `788,056` `7` `$` `19,223` `-` `$` `5,161,110` `43` `$` `2,898,174` `33` 6(47) `$` `3.00` `$` `1.98` `$` `3.00` `$` `1.97`
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 or 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) 902006 Total current comprehensive income (loss) Earnings per share 975000 Basic earnings per share (in dollars) 985000 Diluted earnings 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, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

For the year ended December 31, 2023 Balance at January 1, 2023 Net income for the year Other comprehensive income (loss) for the year Total comprehensive income (loss) Appropriations of 2022 earnings Legal reserve Special reserve Cash dividends Balance at December 31, 2023 For the year ended December 31, 2024 Balance at January 1, 2024 Net income for the year Other comprehensive income (loss) for the year Total comprehensive income (loss) Appropriations of 2023 earnings Legal reserve Special reserve Cash dividends Balance at December 31, 2024	Notes		Common stock		Capital reserve				Retained earnings				Other equity interest	Other equity interest		Total equity
							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`		`$` `3,877,849` `-` `-` `-` `81,278` `-` `-` `$` `3,959,127` `$` `3,959,127` `-` `-` `-` `274,762` `-` `-` `$` `4,233,889`		`$` `9,090,989` `-` `-` `-` `-` `162,557` `-` `$` `9,253,546` `$` `9,253,546` `-` `-` `-` `-` `549,522` `-` `$` `9,803,068`	`$` `816,933` `2,878,951` `(` `131,339 )` `2,747,612` `(` `81,278 )` `(` `162,557 )` `(` `567,774 )` `$` `2,752,936` `$` `2,752,936` `4,373,054` `1,096` `4,374,150` `(` `274,762 )` `(` `549,522 )` `(` `1,921,697 )` `$` `4,381,105`		`$` `103,010` `-` `(` `59,037` `)` `(` `59,037` `)` `-` `-` `-` `$` `43,973` `$` `43,973` `-` `156,716` `156,716` `-` `-` `-` `$` `200,689`		`$` `1,180,737` `-` `209,599` `209,599` `-` `-` `-` `$` `1,390,336` `$` `1,390,336` `-` `630,244` `630,244` `-` `-` `-` `$` `2,020,580`	`$` `29,719,092` `2,878,951` `19,223` `2,898,174` `-` `-` `(` `567,774` `)` `$` `32,049,492` `$` `32,049,492` `4,373,054` `788,056` `5,161,110` `-` `-` `(` `1,921,697` `)` `$` `35,288,905`

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, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
Adjustments
Adjustments to reconcile profit (loss)
Net valuation (gain) loss on operating securities at fair value
through profit or loss

Net valuation (gain) loss on borrowed securities and bonds
with resale agreements-short sales at fair value through profit
or loss

Expected credit impairment loss and reversal of impairment
gain

Depreciation

Amortization

Financial costs

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 operating assets and liabilities
Changes in operating assets
Financial assets at fair value through profit or loss
Financial assets at fair value through other comprehensive
income
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
2024
2023
$
4,800,189 $
3,119,772
6(2)(32)
944,760 (
1,746,344 )
6(34)
(
149,246 )
1,376,328
6(38)
(
15,150 )
17,996
6(43)
233,449
209,372
6(43)
84,879
66,329
6(41)
1,516,836
873,831
6(31)(45)
(
2,301,131 ) (
1,433,328 )
(
860,463 ) (
3,674,590 )
6(10)
(
772,602 ) (
455,691 )
6(12)
-
12
- (
228 )
(
51 ) (
1 )
6(45)
13,669 (
1,891 )
(
8,604,183 ) (
27,416,224 )
(
882,770 ) (
356,049 )
(
4,521,636 ) (
6,880,485 )
(
4,665 )
92,154
(
4,037 )
70,923
(
9,352,961 ) (
5,152,261 )
48,512
708,180
101,266
2,901,925
1,137 (
712 )
(
9,998,944 ) (
8,795,235 )
885
521
11,437 (
10,593 )
1,289 (
1,784 )
(
1,446,527 )
136,436
3,221,128 (
68,584 )
(
3,550,625 )
12,175,082
287,599 (
888,263 )
543,586 (
646,458 )
(
658,432 ) (
174,583 )
1,122,787
591,181
10,372,715
6,269,564
1,537
92
342,646 (
130,621 )
557,348
630,524
8,577,564
2,439,933
(
2,075 )
4,201

(Continued)

~13~

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Cash outflow generated from operations
Interest received
Dividends received
Income tax paid
Net cash flows used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment

Acquisition of intangible assets

(Increase) decrease in other non-current assets
Increase 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 financing activities
Effect of exchange rate changes
Net increase (decrease) 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
2024
2023
( $
10,340,280 ) ( $
26,149,569 )
1,948,793
1,263,762
1,329,522
4,510,095
(
381,393 ) (
123,012 )
(
7,443,358 ) (
20,498,724 )
6(11)
(
85,410 ) (
62,239 )
6(15)
(
18,252 ) (
23,205 )
(
276,220 ) (
45,245 )
(
153,423 ) (
114,974 )
-
61,882
(
533,305 ) (
183,781 )
1,859,461
6,669,759
11,860,000
15,320,000
(
33,828 ) (
2,470 )
(
71,334 ) (
68,646 )
(
1,561,249 ) (
812,273 )
6(28)
(
1,921,697 ) (
567,774 )
10,131,353
20,538,596
(
193,072 )
8,755
1,961,618 (
135,154 )
3,057,640
3,192,794
$
5,019,258 $
3,057,640

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, 2024 AND 2023

(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, 2024, 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 1,516 and 1,439, as of December 31, 2024 and 2023, 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 February 26, 2025.

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 the FSC and became effective from 2024 are as follows:

FSC and became effective from 2024 are as follows:
New Standards,Interpretations andAmendments	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

~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 Company

New standards, interpretations and amendments endorsed by the FSC and will become effective from 2025 are as follows:

New Standards, Interpretations and Amendments Amendments to IAS 21, ‘Lack of exchangeability’

Effective date by International Accounting Standards Board 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.

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 andAmendments Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification and measurement of financial instruments’ Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature- dependent electricity’ 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’ IFRS 18, ‘Presentation and disclosure in financial statements’ IFRS 19, ‘Subsidiaries without public accountability: disclosures’ Annual Improvements to IFRS Accounting Standards—Volume 11	Effective date by International Accounting Standards Board
	January 1, 2026 January 1, 2026 To be determined by International Accounting Standards Board January 1, 2023 January 1, 2023 January 1, 2023 January 1, 2027 January 1, 2027 January 1, 2026

New Standards,Interpretations andAmendments
Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification
and measurement of financial instruments’
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-
dependent electricity’
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’
IFRS 18, ‘Presentation and disclosure in financial statements’
IFRS 19, ‘Subsidiaries without public accountability: disclosures’
Annual Improvements to IFRS Accounting Standards—Volume 11

Effective date by
International
Accounting
Standards Board

January 1, 2026
January 1, 2026
To be determined by
International
Accounting Standards Board
January 1, 2023
January 1, 2023
January 1, 2023
January 1, 2027
January 1, 2027
January 1, 2026

Except for the following, the above standards and interpretations have no significant impact

to the Company’s financial condition and financial performance based on the Company’s assessment:

IFRS 18, ‘Presentation and disclosure in financial statements’

IFRS 18, ‘Presentation and disclosure in financial statements’ replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

~16~

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

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

1) Compliance statement

The financial statements of the Company have been prepared in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Firms” and “Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants”.

2) Basis of preparation
A. Except for the following items, these financial statements have been prepared under the historical cost convention:
- (A) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.
- (B) Financial assets at fair value through other comprehensive income.
- (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:

~17~

  - (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) It does not have the right at the end of the reporting period to defer settlement of the liability at least twelve months after the reporting period.

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.

~18~

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.
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.

~19~

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

8) Notes and accounts receivable, other receivables and margin loans receivable
A. Accounts and notes receivable and margin loans receivables entitle the Company a legal right to receive consideration in exchange for transferred goods or rendered services.
B. The short-term accounts and notes receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
9) Bonds sold under repurchase agreements and bonds purchased under resale agreements Bond transactions under repurchase or resale agreements are stated at the amount of actual payment or receipt. When transactions of bonds with a condition of resale agreements occur, the actual payment or receipt shall be recognized in ‘bonds purchased under resale agreements’ under current assets. When transactions of bonds with a condition of repurchase agreements occur, the actual payment or receipt shall be recognized in ‘bonds 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.

~20~

(C) The contractual rights to receive cash flows of the financial asset have been transferred; however, the Company has not retained control of the financial asset.
B. Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability specified in the contract is discharged or cancelled or expires.

12) Offsetting financial instruments

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

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

~21~

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 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.

~22~

B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.
C. Land is not depreciated. Other property and equipment are subsequently measured using the cost model and depreciated using the straight-line method to allocate their cost over their estimated useful lives.
D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each balance sheet date. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property and equipment are as follows:

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

~23~

right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications.

C. At the commencement date, the right-of-use asset is stated at cost comprising mainly the amount of the initial measurement of lease liability.
- The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognized as an adjustment to the right-of-use asset.
16) Investment property
A. Investment property of the Company is the property held either to earn long-term rental income or for capital appreciation or for both.
B. Part of the property may be held by the Company for self-use purpose and the remaining are used to generate rental income or capital appreciation. If the property held by the Company can be sold individually, then the accounting treatment should be made respectively. If each part of the property cannot be sold individually and the selfuse proportion is not material, then the property is deemed as investment property in its entirety.
C. When the future economic benefit related to the investment property is highly likely to flow into the Company and the costs can be reliably measured, the investment property 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.

~24~

18) Impairment of non-financial assets

A. The Company assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. Except for goodwill, when the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized.
B. The recoverable amounts of goodwill, intangible assets with an indefinite useful life and intangible assets that have not yet been available for use are evaluated periodically. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognized in profit or loss shall not be reversed in the following years.
C. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units, or groups of cash-generating units, that is expected to benefit from the synergies of the business combination. Each unit or group of units to which the goodwill is allocated represents the lowest level within the entity at which the goodwill is monitored for internal management purposes. Goodwill is monitored at the operating segment level.

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.

~25~

21) Employee benefits

A. Short-term employee benefits

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

B. Termination benefits

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

C. Pensions
(A) Defined contribution plans

Effective July 1, 2005, the Company established the defined contribution plan for employees of R.O.C. nationality. The employees have the option to participate in the New Plan. Under the New Plan, the Company contributes monthly an amount equivalent to fixed ratio 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.

~26~

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

22) Revenues and expenses

The Company’s revenues and expenses mainly include:

A. Gains (losses) on sale of securities, securities brokerage fees, and commissions on brokerage and trading are recognized on the transaction date.
B. Underwriting fees and related service charges: application fees are recognized upon collection; underwriting fees and service charges are recognized when the contract is completed.
C. Gains (losses) on futures contracts: The margin of futures transaction is recognized as cost. Costs and expenses are recognized as incurred.
D. Operating expenses: operating expenses refer to required expenses invested in the Company’s operations, which primarily include employee benefit expense, depreciation and amortization, and other business and administrative expenses.
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

~27~

income is probable to provide unused loss carryforwards or deferred income tax credit which can be realized in the future, the proportion of realization is deemed as deferred income tax asset.

C. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions for income tax liabilities where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.
D. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously.

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.

~28~

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 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.

~29~

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.
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.

~30~

6. DETAILS OF SIGNIFICANT ACCOUNTS

1) Cash and cash equivalents

TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
		December31,2024	December31,2023
Checking deposits	$	651,611	605,453 $
Current deposits:
Deposits denominated in NTD		1,041,509	533,136
Deposits denominated in foreign currencies		1,252,641	657,601
Time deposits		2,073,497	1,261,450
Total	$	5,019,258	3,057,640 $
As of December 31, 2024 and 2023, the annual		interest rates of time	deposits, including
foreign time deposits were 0.665% ~ 4.830%,	and 0.555% ~ 5.500%, respectively.

2) Financial assets at fair value through profit or loss

	December31,2024	December31,2024		December31,2023	December31,2023
Current items:
Financial assets mandatorily measured at fair
value through profit or loss:
Security lending
Security lending	$	26,015		$	89,389
Adjustment of security lending	(	1,004)	(		1,613)
Total		25,011			87,776
Open-ended funds, money market instruments and
securities investment by brokers
Open-ended mutual funds beneficiary certificates		220,000			125,000
Adjustment of open-ended funds, money
market instruments and securities investment
by brokers	(	1,563)			3,836
Total Trading securities-dealer		218,437			128,836
Listed (TSE and OTC) stocks		8,767,530			6,431,803
Government bonds		99,972			1,693,534
Corporate bonds		3,613,718			4,054,695
Convertible corporate bonds		1,421,755			1,358,491
Emerging stocks		230,771			245,069
Overseas stocks		7,919,695			12,233,618
Exchange traded funds		5,272,039			2,572,774
Unlisted stocks		2,052			2,052
Subtotal		27,327,532			28,592,036
Adjustment of trading securities - dealer		495,182			722,972
Total		27,822,714			29,315,008

~31~

==> picture [454 x 421] intentionally omitted <==

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

December 31, 2024 December 31, 2023
Trading securities - underwriter
Listed (TSE and OTC) stocks $ 67,610 $ 95,604
Convertible corporate bonds 783,244 602,696
Subtotal 850,854 698,300
Adjustment of trading securities - underwriter 152,654 175,242
Total 1,003,508 873,542
-
Trading securities hedging
Listed (TSE and OTC) stocks 8,605,280 8,028,344
Corporate bonds 4,350,000 100,000
Convertible corporate bonds 14,190,274 9,315,389
Warrants 38,420 15,694
Overseas stocks 438,295 104,122
Exchange traded funds 25,222 15,141
Subtotal 27,647,491 17,578,690
Adjustment of trading securities - hedging 31,959 527,952
Total 27,679,450 18,106,642
Options bought - futures 168 91
Futures Margin - Own Funds 4,034,313 4,674,005
Derivative financial instrument assets - OTC 60,058 829
Total $ 60,843,659 $ 53,186,728
December 31, 2024 December 31, 2023
Non-current items:
Financial assets mandatorily measured at
fair value through profit or loss:
Trading securities - dealer - government bonds $ 49,878 $ 49,829
Unlisted stocks 435 435
Subtotal 50,313 50,264
Adjustment of trading securities 858 9,516
Total $ 51,171 $ 59,780
----- End of picture text -----

a. For the years ended December 31, 2024 and 2023, net realized and unrealized (losses) gains on financial assets and liabilities at fair value through profit or loss amounted to $3,887,503 and $305,483, respectively.
b. Details of the Company’s financial assets at fair value through profit or loss pledged to others as collateral are provided in Note 8.
c. Information relating to credit risk is provided in Note 12(2).

~32~

3) Financial assets at fair value through other comprehensive income

==> picture [436 x 257] intentionally omitted <==

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

December 31, 2024 December 31, 2023
Current items:
Equity instruments:
Trading securities - dealer
Listed (TSE and OTC) stocks $ 279,894 $ 189,812
Adjustment of trading securities - dealer 543,717 205,719
Subtotal 823,611 395,531
Debt instruments:
Trading securities - dealer
Overseas bonds 3,681,435 2,681,326
Adjustment of trading securities - dealer ( 9,156) 1,823
Subtotal 3,672,279 2,683,149
Total $ 4,495,890 $ 3,078,680
December 31, 2024 December 31, 2023
Non-current items:
Equity instruments:
Unlisted stocks $ 6,449 $ 6,449
Adjustment of trading securities 406,413 300,999
Total $ 412,862 $ 307,448
----- End of picture text -----

a. The Company has elected to classify stock investments that are considered to be strategic investments or stably receiving dividends as financial assets at fair value through other comprehensive income. The fair value of such investments amounts to $1,236,473 and $702,979 as of December 31, 2024 and 2023, respectively.

(Blank Below)

~33~

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:

==> picture [415 x 169] intentionally omitted <==

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

Equity instruments at fair value through Year ended Year ended
other comprehensive income December 31, 2024 December 31, 2023
Fair value change recognised in other
comprehensive income $ 443,412 $ 108,975
Dividend income recognised in profit or loss
Held at end of period $ 16,751 $ 14,379
Debt instruments at fair value through Year ended Year ended
other comprehensive income December 31, 2024 December 31, 2023
Fair value change recognised in other
comprehensive income ($ 3,556) $ 126,397
Interest income recognised in profit or loss $ 90,103 $ 95,230
----- End of picture text -----

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).

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

		December 31, 2024	December31,2023	December31,2023	December31,2023
Accounts receivable - related parties	$	3,311	$		4,196
Accounts receivable - non related parties
Settlement price receivable-brokers	$	14,492,455	$		13,698,197
Settlement price receivable-dealer		3,165,884			1,473,114
Settlement price receivable-foreign bonds		9,987,065			916,071
Spot exchange receivable, foreign currencies		56,868			37,393
Interest receivable		821,069			478,227
Settlement price		625,228			1,780,200
Others		313,848			700,798
Subtotal		29,462,417			19,084,000
Less: Allowance for uncollectible accounts	(	491)	(		641)
Total	$	29,461,926		$	19,083,359

~34~

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

==> picture [436 x 231] intentionally omitted <==

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

December 31, 2024
91 to 180 181 days to More than 12
Up to 30 days 31 to 90 days days 12 months months Total
Accounts receivable
Accounts receivable
- related parties $ 3,130 $ 181 $ - $ - $ - $ 3,311
Accounts receivable
- non related parties 28,661,904 138,774 143,370 381,925 136,444 29,462,417
Total $ 28,665,034 $ 138,955 $ 143,370 $ 381,925 $ 136,444 $ 29,465,728
December 31, 2023
91 to 180 181 days to More than 12
Up to 30 days 31 to 90 days days 12 months months Total
Accounts receivable
Accounts receivable
- related parties $ 3,767 $ 429 $ - $ - $ - $ 4,196
Accounts receivable
- non related parties 18,623,460 119,962 151,182 122,488 66,908 19,084,000
Total $ 18,627,227 $ 120,391 $ 151,182 $ 122,488 $ 66,908 $ 19,088,196
----- End of picture text -----

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

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

6) Other receivables

Other receivables
Interest receivable Others Total	December31,2024 11,923 $ 6,116 18,039 $	December 31, 2023
		7,029 $ 7,405
		14,434 $

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	December31,2024 178,819 $ 500,000 44,257 383,532 1,982,997 90,914 3,180,519 $	December31,2023
		282,289 $ 400,000 47,264 90,245 860,210 53,984
		1,733,992 $

~35~

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:
December 31, 2024		Carrying amount of related financial liabilities
Financial assets category Carrying amount of transferred financial assets Financial assets measured at fair value through profit or loss Repurchase agreement 16,421,349 $ December 31, 2023	Carrying amount of transferred financial assets
		15,589,881 $ Carrying amount of related financial liabilities
Financial assets category Financial assets measured at fair value through profit or loss Repurchase agreement Financial assets measured at fair value through other comprehensive income Repurchase agreement	Carrying amount of transferred financial assets
	17,723,768 $ 2,651,447	16,573,700 $ 2,566,806

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.

~36~

B. The offsetting of financial assets and financial liabilities are set as follows:

(1) Financial assets

Derivative financial instruments Description	60,058 $ Gross amounts of recognised financial assets		December31, Gross amounts of recognised financial liabilities set off in the balance sheet	2024 Net amounts of financial assets presented in the balance sheet	2024 Net amounts of financial assets presented in the balance sheet	Financial instruments Cash collateral received 43,442 $ - $ 16,616 $ Net set off in the balance sheet Net amount
			- $		60,058 $

Derivative financial instruments Description	Gross amounts of recognised financial assets	- $ 829 $ December31,2023 Gross amounts of recognised financial liabilities set off in the balance sheet Net amounts of financial assets presented in the balance sheet		Financial instruments Cash collateral received 829 $ - $ - $ Net set off in the balance sheet Net amount
	829 $

~37~

(2) Financial liabilities

Financial liabilities
		December31,2024
Derivative financial instruments Bonds sold under repurchase agreements Total Description	Gross amounts of recognised financial liabilities	- $ 43,442 $ - 12,017,016 - $ 12,060,458 $ 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 43,442 $ - $ 12,017,016 - 12,060,458 $ - $ Net set off in the balance sheet	Net amount
			Financial instruments 43,442 $ 12,017,016 12,060,458 $
	43,442 $ 12,017,016 12,060,458 $			- $ -
				- $

		December 31, 2023	December 31, 2023
Derivative financial instruments Bonds sold under repurchase agreements Total Description	Gross amounts of recognised financial liabilities	Gross amounts of recognised financial assets set off in the balance sheet	Net amounts of financial liabilities presented in the balance sheet	Financial instruments Cash collateral received 829 $ - $ 13,998,281 - 13,999,110 $ - $ Net set off in the balance sheet	Net amount
				Financial instruments 829 $ 13,998,281 13,999,110 $
	33,039 $ 13,998,281 14,031,320 $	- $ - - $	33,039 $ 13,998,281 14,031,320 $		32,210 $ -
					32,210 $

~38~

10) Investments accounted for under the equity method

Investments accounted for under the equity method
Subsidiaries President Futures Corp. President Securities (HK) 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.	December31,2024 3,053,127 $ 884,272 292,986 89,460 252,014 4,571,859 969,373 2,641,462 8,182,694 $	December31,2023
		2,699,883 $ 810,334 310,452 65,304 246,211 4,132,184
		796,561 2,615,717
		7,544,462 $

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, 2024 and 2023 were $772,602 and $455,691, respectively.
B. The subsidiary, President Securities (HK) Ltd., was approved by the Board of Directors in March 2022 to deal with the dissolution and liquidation matters. However, the liquidation process is still ongoing. The deregistration of securities trading-related licenses has been completed on March 27, 2024, and securities-related business activities have ceased.
C. The subsidiary, President Futures, will undergo a cash capital increase of $500,400. On December 25, 2024, the Company’s Board of Directors approved to participate in the subscription according to its shareholding ratio.
D. 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 21 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.
E. Details of information of subsidiaries are provided in Note 4(3) of consolidated financial statements.
F. 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,
		2024	2023
Uni-President Asset Management Corp.	Taipei city	42.46%	42.46%	Associate	Equity method
Jin Yuan President Securities Co., Ltd.	Xiamen	49%	49%	Associate	Equity method

~39~

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

Balance sheet

follows: Balance sheet
			Uni-PresidentAssetManagement Corp.
			December31,2024		December31,2023
Current assets		$	1,598,836		$	1,132,776
Non-current assets			942,434			822,436
Current liabilities	(		531,046)	(		443,166)
Non-current liabilities	(		149,789)	(		58,583)
Total net assets		$	1,860,435		$	1,453,463
Share in associate’s net assets		$	790,001		$	617,189
Goodwill and others			179,372			179,372
Carrying amount of the associate		$	969,373		$	796,561
			Jin Yuan President Securities			Co.,Ltd.
			December31,2024		December31,2023
Current assets		$	6,228,068		$	5,641,883
Non-current assets			227,432			243,503
Current liabilities	(		1,022,718)	(		487,824)
Non-current liabilities	(		42,046)	(		59,363)
Total net assets		$	5,390,736		$	5,338,199
Share in associate’s net assets		$	2,641,462		$	2,615,717
Carrying amount of the associate		$	2,641,462		$	2,615,717

Statement of comprehensive income

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 income (loss)
		Year ended December 31,2024
	542,815 $ 133,074) ($ 133,074) ($		462,028 $ 212,561) ($ 212,561) ($

~40~

11) Property and equipment

January1		Year ended December 31,2024	Year ended December 31,2024	Year ended December 31,2024	Year ended December 31,2024
	Land	Buildings		Equipment	Leasehold improvements	Total
Cost Accumulated depreciation and impairment Total January 1 Additions Reclassifications Depreciation December 31, 2024 December31,2024	1,631,492 $ - 1,631,492 $ 1,631,492 $ - - - 1,631,492 $ Land	1,087,437 $ 527,009) ( 560,428 $ 560,428 $ 1,212 25,592 39,193) ( 548,039 $ Buildings		442,860 $ 181,738) ( 261,122 $ 261,122 $ 81,768 29,874 113,421) ( 259,343 $ Equipment	16,486 $ 9,299) ( 7,187 $ 7,187 $ 2,430 18,290 4,473) ( 23,434 $ Leasehold improvements	3,178,275 $ 718,046) ( 2,460,229 $ 2,460,229 $ 85,410 73,756 157,087) ( 2,462,308 $ Total
Cost Accumulated depreciation and impairment Total January1	1,631,492 $ - 1,631,492 $					3,250,706 $ 788,398) ( 2,462,308 $
	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	1,631,492 $ - 1,631,492 $	1,087,437 $ 527,009) ( 560,428 $		442,860 $ 181,738) ( 261,122 $	16,486 $ 9,299) ( 7,187 $	3,178,275 $ 718,046) ( 2,460,229 $

A. No interest was capitalized for property and equipment for the years ended December 31, 2024 and 2023.

~41~

B. The information on property and equipment pledged or restricted as of December 31, 2024, and 2023 is described in Note 8.
－
12) Leasing arrangements lessee
A. The Company leases various assets including buildings, machinery and equipment, business vehicles and multifunction printers. Rental contracts are typically made for periods of 1 to 10 years. Lease terms are negotiated on an individual basis and contain a wide range of different 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	December31,2024 CarryingAmount 195,739 $ 15,365 1,673 212,777 $ Year ended December 31, 2024		December31,2023 CarryingAmount 109,330 $ 12,975 3,988 126,293 $ Year ended December 31,2023
	Depreciation charge		Depreciation charge
	67,705 $ 4,920 2,315 74,940 $		63,437 $ 5,535 2,226 71,198 $

C. For the years ended December 31, 2024 and 2023, the additions to right-of-use assets amounted to $164,118 and $42,469, 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 31,2024	Year ended December 31,2023
	1,980 $ 4,859 131	990 $ 7,541 116

E. For the years ended December 31, 2024 and 2023, the Company’s total cash outflow for leases amounted to $78,305 and $77,293, respectively.

~42~

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, 2024 and 2023, the Company recognized rent income in the amounts of $18,613 and $21,926, respectively, based on the operating lease agreement, which does not include variable lease payments.
C. The maturity analysis of the lease payments under the operating leases is as follows:

			December 31, 2024		December 31, 2023
2024		$	-	$	6,390
2025			17,838		2,564
2026			17,498		2,528
2027			16,875		2,420
2028			13,701		1,637
After	2029		13,764		-
Total		$	79,676	$	15,539

14) Investment property

) Investment property
January1		Year ended December 31,2024
		Land Buildings Total 140,176 $ 72,533 $ 212,709 $ - 28,556) ( 28,556) ( 140,176 $ 43,977 $ 184,153 $ 140,176 $ 43,977 $ 184,153 $ - 1,422) ( 1,422) ( 140,176 $ 42,555 $ 182,731 $ Land Buildings Total 140,176 $ 72,533 $ 212,709 $ - 29,978) ( 29,978) ( 140,176 $ 42,555 $ 182,731 $
Cost Accumulated depreciation and impairment Total January 1 Depreciation December 31 December31
Cost Accumulated depreciation and impairment Total

~43~

==> picture [465 x 258] intentionally omitted <==

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

Year ended December 31, 2023
January 1 Land Buildings Total
Cost $ 198,099 $ 107,076 $ 305,175
Accumulated depreciation and
impairment - ( 38,873) ( 38,873)
Total $ 198,099 $ 68,203 $ 266,302
January 1 $ 198,099 $ 68,203 $ 266,302
Reclassifications ( 57,923) ( 22,182) ( 80,105)
-
Depreciation ( 2,044) ( 2,044)
December 31 $ 140,176 $ 43,977 $ 184,153
December 31 Land Buildings Total
Cost $ 140,176 $ 72,533 $ 212,709
Accumulated depreciation and
impairment - ( 28,556) ( 28,556)
Total $ 140,176 $ 43,977 $ 184,153
----- End of picture text -----

A. For the years ended December 31, 2024 and 2023, rental income from the lease of the investment property were $10,141 and $13,189, respectively, and direct operating expenses arising from the investment property were $2,550 and $3,632, respectively.
B. Details of fair value of investment property are provided in Note 12(5).

(Blank below)

~44~

15) Intangible assets

January1			YearendedDecember31,2024	YearendedDecember31,2024
	Computer software		Goodwill
Cost Accumulated amoritization and impairment Total January 1 Additions Reclassifications Amortization December 31 December31	310,088 $ 122,301) ( 187,787 $ 187,787 $ 18,252 63,920 84,861) ( 185,098 $ Computer software		42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $ Goodwill
Cost Accumulated amoritization and impairment Total January1	353,176 $ 168,078) ( 185,098 $
		Computer software	Goodwill	Customer relationships and others Total 54,260 $ 311,622 $ 54,217) ( 124,229) ( 43 $ 187,393 $ 43 $ 187,393 $ - 23,205 - 85,547 18) ( 66,329) ( 25 $ 229,816 $
Cost Accumulated amoritization and impairment Total January 1 Additions Reclassifications Amortization December 31	215,358 $ 70,012) ( 145,346 $ 145,346 $ 23,205 85,547 66,311) ( 187,787 $		42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $

~45~

Year ended December 31, 2023

				Ye	arendedDe	ce	m	ber31,2023
								Customer
			Computer				relationships
December31			software		Goodwill			and others			Total
Cost		$	310,088	$	42,004		$	54,260		$	406,352
Accumulated amoritization and
impairment	(		122,301)		-	(		54,235)	(		176,536)
Total		$	187,787	$	42,004		$	25		$	229,816

A. No interest was capitalized for intangible assets for the years ended December 31, 2024 and 2023.
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:

Growth rate Discount rate	Brokerage Segment Brokerage Segment Year ended December 31,2024 Year ended December 31,2023 0.00% 0.00% 12.10% 12.68%

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

her non-current assets
		December31,2024		December31,2023
Operation guaranteed deposits	$	490,000	$	505,000
Clearing and settlement fund		210,769		197,244
Refundable deposits		531,422		253,977
Prepayment for equipment		61,250		45,503
Overdue receivables		6,004		1,965
Others		2,750		2,500
Subtotal		1,302,195		1,006,189
Less: Allowance for uncollectible accounts	(	6,004)	(	1,965)
Total	$	1,296,191	$	1,004,224

~46~

17) Short-term loans

		December31,2024		December 31, 2023
Unsecured loans	$	8,545,865	$	6,944,759
Secured loans		160,000		-
Call loans from banks		98,355		-
Total	$	8,804,220	$	6,944,759

As of December 31, 2024 and 2023, the interest rates of short-term loans, including foreign interest rates were 1.870%~5.250% and 1.650%~5.910%, respectively.

18) Commercial papers payable

mmercial papers payable
			December 31, 2024			December 31, 2023
Face value		$	33,010,000		$	21,150,000
Less: Discount on commercial papers payable	(		40,185)	(		19,066)
Total		$	32,969,815		$	21,130,934

As of December 31, 2024 and 2023, the interest rates of commercial papers, including foreign interest rates were 1.682%~2.022% and 1.460%~1.580%, respectively.

(Blank below)

~47~

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

			December31,2024			December31,2023
Liabilities on sale of borrowed securities
- hedged		$	793,826		$	490,037
Valuation adjustment on liabilities on sale
of borrowed securities - hedged			49,671			27,380
Liabilities on sale of borrowed securities
- non-hedged			6,404,740			5,270,361
Valuation adjustment on liabilities on sale
of borrowed securities - non-hedged			217,500			389,037
Subtotal			7,465,737			6,176,815
Issuance of call (put) warrants			18,904,723			14,926,912
(Loss) gain on price fluctuation	(		6,344,768)	(		2,567,109)
Market value (A)			12,559,955			12,359,803
Warrants redeemed	(		16,132,320)	(		13,268,465)
(Gain) loss on price fluctuation			4,952,966			1,944,352
Market value (B)	(		11,179,354)	(		11,324,113)
Warrants - net (A+B)			1,380,601			1,035,690
Options sold - TAIFEX			316			2,187
Outstanding Liability for Issuance of ETNs			306,853			492,775
Valuation adjustment on outstanding
Liability for Issuance of ETNs			69,293			59,115
Subtotal			376,146			551,890
Derivative financial liabilities - OTC			4,312,910			2,697,246
Total		$	13,535,710		$	10,463,828

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 issuer has the option to settle either by cash or stock delivery.

20) Bonds sold under repurchase agreements

Government bonds Corporate bonds Bank debentures International bonds Foreign bonds Total		December31,2024 104,131 $ 3,219,329 100,235 1,713,508 10,452,678 15,589,881 $	December31,2023 1,673,927 $ 3,738,850 100,000 664,516 12,963,213

			19,140,506 $

~48~

The above bonds sold under repurchase agreements as of December 31, 2024 and 2023 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 $15,730,764 and $19,322,093, respectively, and the annual interest rates in every currency were shown as follows:

21) Accounts payable
22) Other payables
23) Other financial liabilities-current
Currency
December 31, 2024
NTD
1.14%~1.63%
Foreign currencies (Note)
1.75%~4.95%
Note: Foreign currencies include AUD, EUR, USD, GBP and RMB.
December 31, 2024
Settlement accounts payable - brokered trading
12,373,337
$ Settlement proceeds
2,727,528
Settlement accounts payable - operating
1,940,061
Settlement accounts payable - foreign bonds
9,983,714

Spot exchange payable, foreign currencies
56,794
Others
349,732
Total
27,431,166
$ December31,2024
Salary and bonus payable
1,760,813
$ Employees’ and directors’ remuneration payable
200,008
Others
675,478
Total
2,636,299
$ December31,2024
Principal guaranteed notes (PGN) - fixed
income
13,801,583
$

December31,2023
0.97%~1.41%
2.20%~5.80%
December 31, 2023
14,683,802
$ 838,340

244,238
977,154
37,386
274,677
17,055,597
$ December31,2023
1,270,266
$ 124,740
684,112
2,079,118
$ December31,2023
5,224,019
$

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

are financial instruments under the supervision Other liabilities-non-current	of the SFB (Securities and	Futures Bureau).
Guarantee deposits received Net defined benefit obligation Total	December31,2024 25,631 $ 29,177 54,808 $	December31,2023
		20,845 $ 60,301
		81,146 $

~49~

25) Pension plan

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

			December31,2024			December31,2023
Net present value of defined benefit liabilities		$	844,696		$	829,661
Fair value of plan assets	(		815,519)	(		769,360)
Net defined benefit (assets) liabilities		$	29,177		$	60,301

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

YearendedDecember31,2024 Balance at January 1 Current service cost Interest expense (income) Remeasurements: Return on plan assets (excluding amounts included in interest income or expense) Change in financial assumptions Experience adjustments Pension fund contribution Paid pension Balance at December 31		Present value of defined benefit obiligations	Fair value of plan assets		Net defined benefit liabilities (assets)
	829,661 $ 1,583 9,956 841,200 - 15,725) ( 58,414 42,689 - 39,193) ( 39,193) ( 844,696 $		769,360) ($ - 9,233) ( 778,593) ( 35,199) ( - - 35,199) ( 40,920) ( 39,193 1,727) ( 815,519) ($	60,301 $ 1,583 723 62,607 35,199) ( 15,725) ( 58,414 7,490 40,920) ( - 40,920) ( 29,177 $

~50~

==> picture [460 x 263] intentionally omitted <==

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

Present value of Net defined
defined benefit Fair value of benefit liabilities
Year ended December 31, 2023 obiligations plan assets (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
----- End of picture text -----

(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, 2024 and 2023 is given in the Annual Labor Retirement Fund Utilization Report published by the government. In addition, for retirement fund deposits with Cathay United Bank, under the name of the management committee of employees’ retirement fund, the fund invests in time deposit accounts under Cathay United Bank.

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

Discount rate Future salary increases	Year ended December 31,2024 1.5% 3.5%	Year ended December 31,2023
		1.2%
		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, 2024 and 2023. Because the main actuarial assumption changed, the present value of defined benefit obligation is affected. The analysis was as follows:

~51~

==> picture [461 x 103] intentionally omitted <==

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

Discount rate Future salary increases
December 31, 2024 Increase 0.25% Decrease 0.25% Increase 0.25% Decrease 0.25%
Effect on present value of
($ 12,756) $ 13,072 $ 10,754 ($ 10,564)
defined benefit obligation
December 31, 2023
Effect on present value of
($ 13,908) $ 14,277 $ 11,904 ($ 11,676)
defined benefit obligation
----- End of picture text -----

(F) Pension fund contribution plans to pay $39,679 for the year ended December 31, 2025.

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, 2024 and 2023 were $81,634 and $69,759, respectively.

26) Equity

A. Common stock

As of December 31, 2024, the Company’s authorized capital was $15,000,000 with a par value of $10 (in dollars) per share. As of December 31, 2024 and 2023, the common stocks issued and the outstanding common stocks were all 1,455,831 thousand shares.

B. Capital reserve

Capital reserve
December 31, 2024 December 31, 2023		Sharepremium 24,663 $ 24,663 $	Treasury share transactions		Expired stock options	Difference between consideration and carrying amount of subsidiaries acquired or disposed			Total
			65,675 $ 65,675 $		483 $ 483 $		440 $ 440 $		91,261 $ 91,261 $

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

C. Legal reserve

Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall first be used to pay all taxes and offset prior years’ operating losses and then 10% of the remaining amount shall be set aside as legal reserve. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used

~52~

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 a quarter of such special reserve may be capitalized.

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

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

27) Unappropriated earnings and dividends policy
A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall be used to pay all taxes and offset prior years’ operating losses first, and then set aside as legal reserve, accounted for as 10% of the remaining amount, and special reserve, accounted for as 20% of the remaining amount. Upon provision or reversal of special reserve in accordance with the law, any remaining amount together with unappropriated earnings at beginning of the period shall be distributed according to the following resolution adopted at the stockholders’ meeting: Distribution shall not be made if the balance of distributable earnings is less than 5% of paid-in capital.
B. In addition, the total amount of dividends declared every year shall be at least 70% of distributable earnings, of which stock dividends shall be at least 50% and cash dividends shall be lower than 50%.
C. The Company may determine a better proportion of cash and stock dividends distribution based on its actual operating conditions and capital utilization plan for the following year.
D. The earnings distribution for 2023 and 2022 as resolved by the stockholders’ meeting on June 27, 2024 and May 31, 2023. Details are as follows:

~53~

Amount Dividends per share (in dollars) Provision of legal reserve 274,762 $ Provision of special reserve 549,522 Cash dividends 1,921,697 1.32 $ 2,745,981 $ Year ended December 31,2023	Amount Dividends per share (in dollars) 81,278 $ 162,557 567,774 0.39 $ 811,609 $ Year ended December 31,2022

E. The earnings distribution for 2024 as resolved by the Board of Directors on February 26, 2025 is set forth below:

Provision of legal reserve Provision of special reserve Cash dividends Stock dividends		Year ended December 31,2024	Year ended December 31,2024
		Amount	Dividends per share (in dollars)
		437,415 $ 874,830 1,601,415 1,455,831 4,369,491 $	1.10 $ 1.00

28) Brokerage handling fee revenue

Brokerage handling fee revenue
Revenues from underwriting business Revenues from brokered trading - TWSE Revenues from brokered trading - OTC Others Total Revenues from underwriting securities on a firm commitment basis Others Total	Year ended December 31,2024	Year ended December 31,2023
	2,642,507 $ 856,656 311,429 3,810,592 $ Year ended December 31,2024	1,954,298 $ 666,523 174,495 2,795,316 $ Year ended December 31,2023
	53,338 $ 63,249 116,587 $	49,979 $ 54,305 104,284 $

29) Revenues from underwriting business

~54~

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

Net gain (loss) on sale of trading securities
Interest income Dealers: -TAIEX -OTC -Overseas trading Subtotal Underwriters: -TAIEX -OTC Subtotal Hedging: -TAIEX -OTC -Overseas trading Subtotal Total Interest income from margin loans Interest income from bonds Others Total		Year ended December 31,2024 Year ended December 31,2023 3,858,912 $ 1,628,603 $ 499,478 313,461 396,107 19,264 4,754,497 1,961,328 52,810 8,417 142,630 126,471 195,440 134,888 2,206,303 84,153) ( 731,859 300,284 89,346 9,207 3,027,508 225,338 7,977,445 $ 2,321,554 $ Year ended December 31,2024 Year ended December 31,2023 1,020,256 $ 712,126 $ 807,852 504,694 393,629 149,276 2,221,737 $ 1,366,096 $

31) Interest income

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

Gain (loss) on sale of securities - dealer Gain (loss) on sale of securities - underwriting Gain (loss) on sale of securities - hedging Total	Year ended December 31,2024 Year ended December 31, 2023 426,180) ($ 813,996 $ 22,588) ( 116,722 495,992) ( 815,626 944,760) ($ 1,746,344 $

~55~

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

		Year ended		Year ended
	December 31,2024		December 31,2023
Gain from the bond investments under resale
agreements	$	5,255	$	-
Loss from securities borrowing transactions	(	774,875)	(	53,396)
Loss from covering	(	76,108)	(	7,248)
Total	($	845,728)	($	60,644)

34) Net valuation gain (loss) on borrowed securities and bonds with resale agreements-short sales at fair value through profit or loss

value through profit or loss
Year ended December 31,2024 Valuation gain (loss) from securities borrowing transactions 172,412 $ Valuation loss from covering 23,166) ( Total 149,246 $	Year ended December 31,2023
	1,309,405) ($ 66,923) ( 1,376,328) ($

35) Net realized gain (loss) on financial liabilities measured at fair value through other comprehensive income

	income
36)	Net gain (loss) from issuance of call (put) warrants Foreign bonds Net gain (loss) on changes in fair value of call (put) warrant liabilities and redemption Net gain (loss) on exercise of call (put) warrants before maturity Expenses arising out of issuance of call (put) warrants Total	Year ended December 31,2024	Year ended December 31, 2023
		63,620) ($ Year ended December 31,2024	143,436) ($ Year ended December 31,2023
		746,190 $ 312,714) ( 499,281) ( 65,805) ($	213,817 $ 77,000) ( 358,462) ( 221,645) ($

~56~

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 31,2024 Year ended December 31, 2023 1,922,530) ($ 1,406,450) ($ 4,896 146,970 690,988) ( 411,351) ( 151,262 82,302 435,858 100,497) ( 284,857) ( 127,497) ( 2,306,359) ($ 1,816,523) ($

38) Expected credit impairment loss and reversal of impairment gain

Expected credit impairment loss and reversal of impairment gain Net gain (loss) on foreign exchange derivatives 151,262 Asset SWAP 435,858 Others 284,857) ( Total 2,306,359) ($	82,302 100,497) ( 127,497) ( 1,816,523) ($
Year ended December 31, 2024 Impairment (loss) and reversal of impairment gain 15,150 $ Recovery of bad debts 7,043 Total 22,193 $	Year ended December 31,2023
	17,996) ($ 920 17,076) ($

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 31,2024 Year ended December 31, 2023 430,996 $ 389,677 $ 393,013 58,047) ( 102,221 83,193 44,369 9,486 970,599 $ 424,309 $

40) Handling charges

Handling charges
Financial costs Brokerage handling fee expense Dealer handling fee expense Refinancing processing fee expense Total Interest expense from repurchase agreements Loans interest expense Other interest expense Total	Year ended December 31,2024	Year ended December 31,2023
	354,693 $ 221,676 1,065 577,434 $ Year ended December 31,2024	266,901 $ 141,739 1,920 410,560 $ Year ended December 31,2023
	638,497 $ 782,338 96,001 1,516,836 $	417,306 $ 407,662 48,863 873,831 $

41) Financial costs

~57~

42) Employee benefits expense

Employee benefits expense
		Year ended		Year ended
	December 31, 2024		December 31, 2023
Salaries	$	3,260,036	$	2,458,225
Labor and health insurance		164,072		140,343
Pension		83,940		69,982
Other employee benefits		108,013		104,041
Total	$	3,616,061	$	2,772,591

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 year ended December 31, 2024 and 2023, employees’ compensation was accrued at $100,004 and $62,370, respectively; directors’ remuneration was accrued at $100,004 and $62,370, respectively. The aforementioned amounts were recognized in salary expenses.
C. For the year ended December 31, 2024, 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 2023 as resolved by the Board of Directors was in agreement with the estimates in the 2023 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.

43) Depreciation and amortization

website. Depreciation and amortization
Depreciation Amortization Total		Year ended December 31,2024		Year ended December 31,2023
		233,449 $ 84,879 318,328 $		209,372 $ 66,329 275,701 $

~58~

44) Other operating expenses

Taxes Security lending expenses Computer information expenses TDCC service fee Others Total	Year ended December 31,2024 Year ended December 31,2023 1,042,143 $ 865,266 $ 232,806 225,029 187,469 164,216 133,111 96,964 575,292 525,889 2,170,821 $ 1,877,364 $

45) 46)	Other gains and losses Income tax A. Income tax expense (a) Components of income tax expense: (b) The income tax expense relating to components of other comprehensive Year ended December 31, 2024 Financial income 79,393 $ Net gain (loss) on disposal of investments 27,884 Net gain (loss) on valuation of non-operating financial instruments 13,669) ( Other non-operating revenues (expenses) 149,507 Total 243,115 $ Year ended December 31,2024 Current tax: Current tax on profits for the periods 433,071 $ Prior year income tax underestimation (overestimation) 6,679) ( Tax on undistributed surplus earnings 82 Total current tax 426,474 Deferred taxes: Origination and reversal of temporary differences 661 Total deferred taxes 661 Income tax expense 427,135 $ Year ended December 31,2024 Remeasurement of defined benefit obligations 1,498) ($	Year ended December 31, 2024	Year ended December 31,2023
			income is as follows: 67,232 $ 3,880 1,891 152,355 225,358 $ Year ended December 31,2023 252,292 $ 24,868) ( 59 227,483 13,338 13,338 240,821 $ Year ended December 31,2023 32,344) ($

~59~

B. Reconciliation between income tax expense and accounting profit:

Tax calculated based on profit before tax and statutory tax rate Expenses disallowed by tax regulation Prior year income tax overestimation Tax exempt income by tax regulation Tax on undistributed surplus earnings Income tax expense	Year ended December 31,2024 Year ended December 31,2023 960,038 $ 623,954 $ 63,730) ( 117,780) ( 6,679) ( 24,868) ( 462,576) ( 240,544) ( 82 59 427,135 $ 240,821 $

C. Amounts of deferred tax assets or liabilities as a result of temporary are as follows:

Deffered tax assets: -Temporary differences: Pension Other Subtotal Deffered tax liabilities: -Temporary differences: Valuation gain from financial instruments Unrealised exchange gain Subtotal Total		January1	Recognized in profit or loss Recognized in other comprehensive income - $ 1,498 $ 892 - 892 $ 1,498 $ 3,083) ($ - $ 1,530 - 1,553) ($ - $ 661) ($ 1,498 $ YearendedDecember31,2024	Recognized in profit or loss Recognized in other comprehensive income - $ 1,498 $ 892 - 892 $ 1,498 $ 3,083) ($ - $ 1,530 - 1,553) ($ - $ 661) ($ 1,498 $ YearendedDecember31,2024	Recognized in profit or loss Recognized in other comprehensive income - $ 1,498 $ 892 - 892 $ 1,498 $ 3,083) ($ - $ 1,530 - 1,553) ($ - $ 661) ($ 1,498 $ YearendedDecember31,2024		December 31
	125,139 $ 4,130 129,269 $ 10,526) ($ 7,389) ( 17,915) ($ 111,354 $		- $ 892 892 $ 3,083) ($ 1,530 1,553) ($ 661) ($		1,498 $ - 1,498 $ - $ - - $ 1,498 $	126,637 $ 5,022 131,659 $ 13,609) ($ 5,859) ( 19,468) ($ 112,191 $

~60~

					Year ended	Year ended	December31,2023
				Recognized in			Recognized in other
			January1	profit or loss			comprehensive income	December 31
Deffered tax assets:
-Temporary differences:
Valuation loss from
financial instruments		$	7,341	($	7,341)	$	-		$	-
Pension			92,795		-		32,344			125,139
Other			3,529		601		-			4,130
Subtotal		$	103,665	($	6,740)	$	32,344		$	129,269
Deffered tax liabilities:
-Temporary differences:
Valuation gain from
financial instruments		$	-	($	10,526)	$	-	($		10,526)
Unrealised exchange gain	(		9,747)		2,358		-	(		7,389)
Other	(		1,570)		1,570		-			-
Subtotal	($		11,317)	($	6,598)	$	-	($		17,915)
Total		$	92,348	($	13,338)	$	32,344		$	111,354

D. As of December 31, 2024, the Company’s income tax returns have been approved by the Tax Authority until 2022, except for 2020 and 2021.
E. With respect to the income tax returns of the Company for 2019, the Tax Authority assessed to increase income tax payable by $2,222. The Company disagreed with the assessments and had filed for administrative remedy and had recognized the income tax expense based on the assessment.

47) Earnings per share

assessment. ) Earnings per share
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) 4,373,054 $ 1,455,831 3.00 $ - 3,884 4,373,054 $ 1,459,715 3.00 $ YearendedDecember31,2024
	Amount after tax	Weighted-average outstanding common shares(In thousands)
	4,373,054 $ - 4,373,054 $	1,455,831 3,884 1,459,715	3.00 $ 3.00 $

~61~

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) 2,878,951 $ 1,455,831 1.98 $ - 3,174 2,878,951 $ 1,459,005 1.97 $ YearendedDecember31,2023	Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 2,878,951 $ 1,455,831 1.98 $ - 3,174 2,878,951 $ 1,459,005 1.97 $ YearendedDecember31,2023	Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 2,878,951 $ 1,455,831 1.98 $ - 3,174 2,878,951 $ 1,459,005 1.97 $ YearendedDecember31,2023	Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 2,878,951 $ 1,455,831 1.98 $ - 3,174 2,878,951 $ 1,459,005 1.97 $ YearendedDecember31,2023	Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 2,878,951 $ 1,455,831 1.98 $ - 3,174 2,878,951 $ 1,459,005 1.97 $ YearendedDecember31,2023
		Amount after tax		Weighted-average outstanding common shares(In thousands)
		2,878,951 $ - 2,878,951 $		1,455,831 3,174 1,459,005		1.98 $ 1.97 $

7. RELATED PARTY TRANSACTIONS

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

LATED PARTY TRANSACTIONS
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.
President Insurance Agency Corp.
PSC Venture Capital Investment
Limited Company
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.
President Information Corp.
Qware Systems & Services Corp.
Tainan Spinning Retail and Distribution Co., Ltd.
Tung Ho Development Co., Ltd.
Funds managed by Uni-President Asset
Management Corp.

Relationship withthe 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
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
Security investment trust fund raised by the
Uni-President Asset Management Corp.

~62~

2) Significant related party transactions and balances A. Futures guarantee deposits receivable

Significant related party transactions and balances A. Futures guarantee deposits receivable
B. Accounts receivable C. Prepayments Subsidiary of the Company PSC: President Futures Corp. Entity having significant influence on the company: Uni-President Enterprises Corp. Subsidiary of the Company PSC: President Futures Corp. Other related party: ScinoPharm Taiwan, Ltd. President Chain Store Corp. (PCSC) Others Total Other related party: Qware Systems & Services Corp. Tung Ho Development Co., Ltd. President Chain Store Corp. (PCSC) Presco Netmarketing Co., Ltd. President Information Corp. Others Total	December 31,2024 3,566,046 $ December 31,2024 318 $ 2,367 322 231 73 3,311 $ December 31,2024 4,682 $ 600 158 121 300 26 5,887 $	December 31,2023 4,311,941 $ December 31,2023 332 $ 3,005 322 434 103 4,196 $ December 31,2023 4,682 $ 600 157 121 - 18 5,578 $

~63~

D. Other receivables

D. Other receivables
E. Acquisition of property and equipment F. Acquisition of other assets G. Lease transactions`－`lessee (A) The Company leases business vehicles and multifunction printers, etc., from President Tokyo Co., Ltd., etc. Rental contracts periods are typically 1 to 5 years. Rents are paid monthly. (B) Right-of-use assets December 31,2024 December 31,2023 Subsidiary of the Company PSC: President Futures Corp. 473 $ 334 $ Others 14 16 Associate: Uni-President Assets Management Corp. 76 4 Other related party: Others 18 - Total 581 $ 354 $ Year ended December 31,2024 Year ended December 31, 2023 Other related party: President Information Corp. - $ 2,472 $ Year ended December 31,2024 Year ended December 31,2023 Account items Purchaseprice Purchase price Other related party: President Information Corp. Intangible assets 420 $ 5,363 $	December 31,2024 473 $ 14 76 18 581 $ Year ended December 31,2024	December 31,2023
		334 $ 16 4 - 354 $ Year ended December 31, 2023
	- $ Year ended December 31,2024	2,472 $ Year ended December 31,2023
	Purchaseprice	Purchase price

a. Acquisition of right-of-use assets

Right-of-use assets a. Acquisition of right-of-use assets
b. Disposition of right-of-use assets Other related party: President Tokyo Co., Ltd. Other related party: President Tokyo Co., Ltd.	Year ended December 31,2024	Year ended December 31,2023
	10,004 $ Year ended December 31,2024	5,619 $ Year ended December 31,2023
	7,473 $	1,290 $

~64~

(C) Lease liabilities

`–` a. Lease liabilities current

Lease liabilities`–`non-current Other related party: President Tokyo Co., Ltd. President Tokyo Auto Leasing Co., Ltd. Total Other related party: President Tokyo Co., Ltd. President Tokyo Auto Leasing Co., Ltd. Total	December 31,2024 December 31,2023 5,226 $ 6,430 $ 751 747 5,977 $ 7,177 $ December 31,2024 December 31, 2023 10,572 $ 8,609 $ 693 1,445 11,265 $ 10,054 $

`–` b. Lease liabilities non-current

c. Financial costs

Financial costs
Other related party: President Tokyo Co., Ltd. President Tokyo Auto Leasing Co., Ltd. Total		Year ended December 31,2024 184 $ 12 196 $	Year ended December 31, 2023
			143 $ 16 159 $

d. Net gain from lease modification

d. Net gain from lease modification
Refundable deposits Equity for each customer in the account 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 31,2024 51 $ December 31,2024 34,000 $ December 31,2024 9,857 $	Year ended December 31, 2023
		1 $ December 31,2023
		34,000 $ December 31,2023
		8,126 $

H. Refundable deposits

I. Equity for each customer in the account

~65~

J. Accounts payable

J. Accounts payable
K. Guarantee deposit received L. Handling fee revenue Subsidiary of the Company PSC: President Futures Corp. Other related party: President Tokyo Co., Ltd. Presco Netmarking, Inc. President Information Corp. Total Subsidiary of the Company PSC: President Futures Corp. Others Associate: Uni-President Assets Management Corp. Total Subsidiary of the Company PSC: Others Security investment trust fund raised by the Uni-President Asset Management Corp.: Funds managed by Uni-President Asset Management Corp. Other related party: Others Total	December 31,2024 December 31,2023 1,348 $ 1,728 $ 4 12 143 125 400 - 1,895 $ 1,865 $ December 31, 2024 December 31, 2023 $ 16,142 $ 16,137 854 807 1,497 1,435 18,493 $ 18,379 $ Year ended December 31,2024 Year ended December 31,2023 $ 1 $ 11 217,393 114,007 1,989 1,559 219,383 $ 115,577 $	December 31,2024	December 31,2023

	$ 16,142 854 1,497 18,493 $ Year ended December 31,2024
	$ 1 217,393 1,989 219,383 $

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

M. Futures commission income

arties. Futures commission income
Subsidiary of the Company PSC: President Futures Corp.	Year ended December 31,2024	Year ended December 31,2023
	35,610 $	34,079 $

~66~

N. Net gain on wealth management - trust income from sales of funds

				Year ended		Year	ended
			December 31,2024		December 31,2023
	Associates:
	Uni-President Assets Management Corp.		$	28,846	$		17,760
	The revenues were collected on a monthly basis in accordance with contract terms.
O.	Other operating income-handling fee revenues from underwriting funds
				Year ended		Year ended
			December 31,2024		December 31,2023
	Associates:
	Uni-President Assets Management	Corp.	$	97,532	$		81,139
	The revenues were collected on a monthly basis in accordance with contract terms.
P.	Other operating revenue–others
				Year ended		Year ended
			December 31, 2024		December 31,2023
	Associates:
	Uni-President Assets Management	Corp.	$	680	$		2,210
Q.	Rent income
				Year ended			Year ended
			Period	Deposit December 31,2024		December 31,2023
	Subsidiary of the Company PSC:
	President Capital Management Corp.	2019.04.01~2029.03.31		664 $ $	4,001	$		3,835
	Others			332	2,488			2,494
	Associates:
	Uni-President Assets Management Corp.	2016.01.01~2028.08.31		1,497	9,530			7,050
	Other related party:
	President Tokyo Co., Ltd.	2019.04.01~2023.08.31		-	-			5,961
	Total			16,019 $		$	19,340
	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.
R.	Revenues from underwriting business–other revenues			from underwriting business
				Year ended		Year ended
			December 31,2024		December 31,2023
	Entity having significant influence on the company:
	Uni-President Enterprises Corp.		$	75	$		3,775

~67~

S. Stock custodian income

S. Stock custodian income
Terms of stock custodian income mentioned above are similar to third parties. T. Other operating expenses-other U. Clearing charges-futures Year ended December 31,2024 Year ended December 31,2023 Entity having significant influence on the company: Uni-President Enterprises Corp. 4,058 $ 4,253 $ Subsidiary of the Company PSC: Others 68 68 Associate: Uni-President Assets Management Corp. 136 136 Other related party: ScinoPharm Taiwan, Ltd. 2,214 2,232 Ton Yi Industrial Corp. 1,241 1,253 President Chain Store Corp. (PCSC) 2,863 2,615 Others 729 703 Total 11,309 $ 11,260 $ Year ended December 31,2024 Year ended December 31, 2023 Subsidiary of the Company PSC: President Capital Management Corp. 50,522 $ 50,400 $ Other related party: President Tokyo Co., Ltd. 188 118 Presco Netmarking, Inc. 2,102 1,407 President Professional Baseball Team Co., Ltd. 2,464 2,677 Tainan Spinning Retail and Distribution Co., Ltd. 1,320 2,000 Qware Systems & Services Corporation 733 - President Information Corp. 538 - Total 57,867 $ 56,602 $ Year ended December 31,2024 Year ended December 31,2023 Subsidiary of the Company PSC: President Futures Corp. 24,769 $ 20,873 $	Year ended December 31,2024		Year ended December 31,2023
	50,522 $ 188 2,102 2,464 1,320 733 538 57,867 $ Year ended December 31,2024	50,400 $ 118 1,407 2,677 2,000 - - 56,602 $ Year ended December 31,2023
	24,769 $	20,873 $

~68~

V. Other non-operating expenses - other

V.	Other non-operating expenses-other
W.	Purchases of trading securities–dealer Other related party: President Tokyo Co., Ltd. Entity having significant influence on the company: Uni-President Enterprises Corp. Security investment trust fund raised by the Uni-President Asset Management Corp.: Funds managed by Uni-President Asset Management Corp. Other related parties: President Chain Store Corp. Total Entity having significant influence on the company: Uni-President Enterprises Corp. Security investment trust fund raised by the Uni-President Asset Management Corp.: Funds managed by Uni-President Asset Management Corp. Other related parties: President Chain Store Corp. Other Total	Year ended December 31,2024 Year ended December 31,2023 243 $ - $ Ending Shares (In thousands) EndingBalance Gain(loss) 100 8,090 $ 786 $ 172,454 32,542 9 2,367 130 182,911 $ 33,458 $ Ending Shares (In thousands) EndingBalance Gain(loss) 136 10,149 $ 1,826 $ 42,085 7,376 9 2,426 31) ( - - 11 54,660 $ 9,182 $ December31,2024 December31,2023		Year ended December 31,2024		Year ended December 31,2023
		136 9 -

~69~

X. Compensation of key management personnel

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

ere as follows:
Salary and short-term employee benefits Retirement benefits Other long-term employee benefits Termination benefits Share-based payment Total	Year ended December 31,2024 375,324 $ 1,172 - - - 376,496 $	Year ended December 31,2023
		262,205 $ 1,037 - - - 263,242 $

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 - Pledged 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	December31,2024 3,214,000 $ 93,900 7,312,417 1,847,763 100,000 3,606,350 384,288 500,000 50,000 1,080,330 490,000	December31,2023 3,735,000 $ 1,600,200 11,159,717 725,479 100,000 2,712,153 91,001 400,000 50,000 1,085,689 505,000	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.

~70~

11. SIGNIFICANT SUBSEQUENT EVENT

None.

12. OTHER

1) Management objective and policy of financial risks

A. Risk management objective

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

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

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

C. Risk management organization
Risk management organization: Board of Directors, Risk Management Committee, Risk Control Office, Business units and other related segments (such as Office of Auditing, Office of General Manager, Compliance segment, Legal segment, Finance segment, Settlement segment and General Affair segment) are in charge of planning, supervising and execution.
(A) The Board of Directors should ensure the effectiveness of risk management and be responsible for the ultimate result and the following duties:
- 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.

~71~

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

(E) Risk Control Office implements risk management policy and related regulations and reports to the Risk Management Committee. Risk Control Office also reports daily risk management to the General Manager and is responsible for the following:
- a. Establish Risk Management Policy of the entire Company.
- b. Develop effective method for measurement and risk management in an entity.
- c. Review risk management system of business units.
- d. Generate risk report through information gathering and consolidation.
- e. Analyze various business risks and report to the General Manager.
- f. Report the risk management situation to the Risk Management Committee according to a meeting’s nature and needs.
- g. Carry out duties as designated by the Risk Management Committee and control risks of business units.
(F) Auditing Office is responsible for the following:
- a. Execute operating risk control.
- b. Include the risk management system into internal audit program and carry out the daily audit schedule.
- c. Assess the effectiveness of internal control and verify the executed result.
(G) Compliance segment and legal segment under the Office of General Manager are responsible for the following:
- a. Compliance segment should make sure that the business operation and risk management system are in compliance with relevant regulations.
- b. Legal segment is responsible for legal risk control.
- c. Compliance segment also provides services of Anti-Money Laundering and Counter Terrorism Financing, including designs specification and internal control, establishes transaction monitoring, oversees the effective implementation of business units, conducts the employee training and reports any suspicion of money laundering.
(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

~72~

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

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

(A) Market risk management

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

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

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

(D)Operating risk

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

~73~

exceeding indicators mainly include nominal principal, stop-loss point, price sensitivity and VaR. With the presentation of daily risk management report, routine control and limit exceeding treatment can be executed.

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

2) Credit risk
A. Source and definition of credit risk
- The credit risk exposure of the Company as a result of engagement in financial transactions include issuer’s credit risk, credit risk of counterparty and credit risk of underlying assets:
- (A) Credit risk of the issuer refers to the issuers of financial debt instruments held by the Company failing to repay its obligation due to the fact that the issuer breaches the contract resulting in the risk of financial loss to the Company.
- (B) Credit risk of counterparty refers to risk of financial loss to the Company arising from default by the counterparty of financial instruments on the settlement or payment obligation.
- (C) Credit risk of the underlying assets happens when the credit rating of the underlying assets linked to the financial instrument is downgraded by the rating agency or when the losses occur as a result of contract default.

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

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

~74~

c. Debt securities

Debt securities are mainly positions like government bonds, convertible corporate bonds and foreign bonds and the issuers are primarily R.O.C. government, domestic and foreign legal entities. 10% 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).

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.

~75~

(F) Bonds purchased under 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 conducting such business, as the payment being delivered to the other party. With consideration of good collateral obtained, the net of credit risk exposure from counterparties can be effectively reduced. As all the counterparties are financial institutions with good credit rating, the credit risks from counterparties are extremely low. Please refer to Note 6(9).
(G) Margin loans receivable
Margin loans receivable are the loans provided to the client in order to process businesses of margin trading and short sale using the securities purchased through financing as collateral. The Company monitors the clients’ margin ratio through information system on a daily basis. As the margin ratio of margin trading is set at 130% according to Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms, the credit risk is extremely low.
(H) Receivables of securities business money lending Receivables of securities business money lending are the non-restricted purpose loan business and monetary financing business, pursuant to an agreement between a securities firm and a customer, using customer securities and other commodities as collateral. The Company 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.

~76~

(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 conduct trust business, the Company deposits central government bonds in the Central Bank as collateral. Regardless of the bonds themselves or the financial institutions where the bonds deposited, the credit risk is extremely low.
(N) Other non-current assets
- Other non-current assets mainly comprise operating guarantee deposits, settlement funds, and refundable deposits. Operating guarantee deposits are mainly deposited in domestic banks with good credit rating. Settlement funds are deposited in securities exchange. Settlement funds are used as compensation when a party to a marketable securities transaction fails to fulfil the settlement obligation. The credit risks from the institutions where these two assets are deposited are extremely low. The refundable deposits refer to cash or other assets which are deposited externally by the Company and can be used as refundable deposits. Because deposits are placed in various financial institutions and each deposit amount is small, the credit risk is dispersed and the credit exposure of overall refundable deposit is extremely low.
C. Expected credit loss assessment
In the assessment of impairment and calculation of expected credit losses, the Company considers reasonable and supporting information about past events, current conditions and future economic conditions. The Company determines at the balance sheet date whether there has been a significant increase in credit risk since initial recognition or whether credit impairment has occurred and recognizes expected credit loss according to which stage the asset belongs: no significant increase in credit risk or low credit risk at balance sheet date (Stage 1), significant increase in credit risk (Stage 2), and credit impaired (Stage 3). 12-month expected credit losses are recognized for assets in Stage 1, and lifetime expected credit loses are recognized for assets in Stage 2 and Stage 3.

~77~

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.
(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.

~78~

  - 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 forward-looking 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 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, 2024 and 2023, there were no changes in the loss allowance for investments in debt instruments measured at fair value through other comprehensive income.
(B) Except for bond interest receivable which was evaluated along with debt investments, the Company applies the simplified approach to measure the loss allowance at an amount equal to lifetime expected credit losses for margin loan receivables, accounts receivable, other receivable-others and overdue receivables. The movements in loss provision of marginal receivables, accounts receivable, other receivable-others and other non-current assetsoverdue receivables of the Company are as follows:

~79~

Year ended December 31, 2024

			YearendedDecember31,2024	YearendedDecember31,2024	YearendedDecember31,2024
At January 1 Provision (reversal of provision) for impairment At December 31 At January 1 Provision (reversal of provision) for impairment Derecognised At December 31	Margin loan receivable		Accounts receivable Other receivables Other non-current assets-overdue receivables 641 $ - $ 1,965 $ 150) ( - 4,039 491 $ - $ 6,004 $ Accounts receivable Other receivables Other non-current assets-overdue receivables 659 $ - $ 8,224 $ 18) ( - 450) ( - - 5,809) ( 641 $ - $ 1,965 $ YearendedDecember31,2023			Total
	46,779 $ 19,039) ( 27,740 $ Margin loan receivable					49,385 $ 15,150) ( 34,235 $ Total 37,198 $ 17,996 5,809) ( 49,385 $
		28,315 $ 18,464 - 46,779 $	659 $ 18) ( - 641 $	- $ - - - $	8,224 $ 450) ( 5,809) ( 1,965 $

3) Liquidity risk

A. Definition and source of liquidity risk

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

B. Liquidity risk management procedure and stimulation test

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

(A) Procedure

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

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

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

~80~

  - 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.

~81~

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

	December31,2024	December31,2024	December31,2024
Immediately	Less than 3 months	3-12 months	1-5years - $ - - - - - - 81,549 - 90,116 - - 143,956 315,621 $	Total
1,060,000 $ 200,000 7,465,737 4,827,187 - 1,208,692 1,707,090 - 27,359,191 848,621 20,131 - - 44,696,649 $	7,244,220 $ 32,810,000 - - 15,730,764 - - 659,427 71,975 16,806 248,631 12,405,988 20,526 69,208,337 $	500,000 $ - - 1,242,786 - - - 232,600 - - 2,367,537 1,395,595 47,190 5,785,708 $		8,804,220 $ 33,010,000 7,465,737 6,069,973 15,730,764 1,208,692 1,707,090 973,576 27,431,166 955,543 2,636,299 13,801,583 211,672
				120,006,315 $

~82~

December 31, 2023

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 liabilies Total Financial liabilities at fair value through profit or loss - current		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 $

~83~

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.

Statistical table for one-day VaR of transactions	Statistical table for one-dayVaR of transactions
Year ended December 31, 2024 Amount December 31, 2024 132,331 $ VaR Maximum 389,359 VaR Average 182,982 VaR Minimum 43,215	Year ended December 31,2023 Amount December 31, 2023 90,608 $ VaR Maximum 204,472 VaR Average 106,875 VaR Minimum 33,256

Statistical table for VaR of various risk indicators of transactions

Year ended

Year ended
December 31,2024 December 31, 2024 VaR Maximum VaR Average VaR Minimum Year ended December 31,2023 December 31, 2023 VaR Maximum VaR Average VaR Minimum	Foreign exchange 2,760 $ 30,481 13,910 2,380 Foreignexchange 17,845 $ 47,965 9,806 1,597	Interest 3,976 $ 39,696 12,696 855 Interest 31,112 $ 81,522 36,593 4,778	Share ownership
			132,390 $ 382,392 184,167 37,559 Share ownership
			86,595 $ 217,781 98,633 28,063

~84~

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, 2024 and 2023 ：

Financialassetsin foreigncurrencies 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 1,133,236 $ 7,815,374 3,672,278 - 10,408,455 744,220 418,230 9,878,524 11,763,710	EUR 1,739 $ 1,045,709 - - 13,850 - - 947,867 9,133	AUD RMB HKD Others 3,611 $ 52,708 $ 93,661 $ 105,383 $ 1,253,627 59,368 5,297 584,888 - - - - - 2,641,462 884,272 - 10,030 391 28,450 16,290 - - - - - 3,385 201 3,231 1,171,710 40,157 - 127,928 9,087 403,136 28,414 309,913 December31,2024	Total
				1,390,338 $ 10,764,263 3,672,278 3,525,734 10,477,466 744,220 425,047 12,166,186 12,523,393

Note: As of December 31, 2024, foreign exchange rates of the above currencies to TWD were 1 USD = 32.785 TWD; 1 EUR = 34.140 TWD; 1 AUD = 20.390 TWD; 1 RMB = 4.478 TWD; and 1 HKD = 4.222 TWD, respectively.

~85~

Financialassetsin foreigncurrencies 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 December31,2023	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.

~86~

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, 2024 and 2023, amounted to $393,013 and ($58,407), 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, 2024 Investment property December 31, 2023 Investment property	Total 532,604 $ 515,813	Quoted prices of the same assets in active markets (level 1)	Other significant observable inputs (level 2)	Significant non-observable inputs(level 3)
		- $ -	532,604 $ 515,813	- $ -

The fair value of investment property held by the Company was assessed by external valuation experts using comparison approach and income approach.

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.

~87~

(B) When financial assets at fair value through other comprehensive income have quoted market prices available in an active market, the fair value is determined using the market price.
C. Fair value hierarchy of the financial instruments
(A)Definitions for the hierarchy classifications of financial instruments measured at fair value
- a. Level 1
  - Level 1, are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. An active market has to satisfy all the following conditions: a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. The Company’s investments in listed stocks, beneficiary certificates, on-the-run Taiwan central government bonds and derivative instruments with quoted market prices, are deemed as level 1.
- b. Level 2
  - Inputs other than quoted market prices included within level 1 that are observable for the asset or liability, either directly or indirectly. Investments of the Company such as emerging stock without active markets, off-the-run issue of 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 December 31, 2024 and 2023, there was no significant transfer of financial instruments between level 1 and level 2.
- c. Level 3

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

(Blank below)

~88~

(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 19,532,104 $ 31,653,542 5,563,474 823,611 3,672,279 1,734 49,437 412,862 7,465,737 4,094,539 6,069,973	Level 1 Level 2 19,407,785 $ 124,319 $ 8,414,603 23,238,939 5,563,474 - 823,611 - 3,672,279 - - - - 49,437 - - 7,465,737 - 4,034,480 60,059 1,757,063 4,312,910 December31,2024	Level3
			- $ - - - - 1,734 - 412,862 - - -

~89~

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 - - -

~90~

(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 December31,2024 Valuation amount Increased	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December31,2024 Valuation amount Increased	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December31,2024 Valuation amount Increased	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 Year ended December31,2024 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
10,004 $ 307,448 January1	8,270) ($ - $ - $ - $ - 105,414 - - Year ended December 31, 2023 Valuation amount Increased				- $ - $ - - Decreased		1,734 $ 412,862 December 31
	Recorded in profit or loss	Recorded in other comprehensive income(loss)	Acquired/ Issued	Transfers into level 3	Sold/ Disposed or Settled 2,174) ($ -	Transfers out from level 3
16,604 $ 294,855	4,426) ($ -	- $ 12,593	- $ -	- $ -		- $ -	10,004 $ 307,448

~91~

(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:

December31,2024	Fairvalue	Valuation technique	Significant unobservable input	Range (weighted average)	Relationship of inputs to fair value
Financial assets at fair value through profit or loss - non-current Venture capital shares Financial assets at fair value through other comprehensive income - non-current December31,2023 Unlisted stocks	1,734 $ Fairvalue 412,862	Net asset value Valuation technique Market approach	Not applicable Market price net profit after tax multiplier Price to book ratio multiplier Discount for lack of marketability Significant unobservable input	Not applicable 22.30~23.84 2.67~3.25 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 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	10,004 $ 307,448	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 22.62~24.52 2.48 25%	Not applicable The higher the discount for lack of marketability, the lower the fair value The higher the multiplier, the higher the fair value

(E) Valuation process for fair value at Level 3

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

~92~

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

Item December 31,2024 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 Item December 31, 2023	Recognised inprofit or loss	Recognised inprofit or loss	Favourable change Unfavourable change - $ - $ 4,129 4,129) ( Recognised in other comprehensive income Recognised in other comprehensive income
	Favourable change Unfavourable change Not applicable Not applicable - - Recognised in profit or loss	Unfavourable change
	Favourable change	Unfavourable change	Favourable change Unfavourable change - $ - $ 3,074 3,074) (
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 -

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.

~93~

(B) After the reporting at the 10th of each month, capital adequacy ratio should be computed by the end of every month. If the result is close to the legal standard, every unit will be called to attend a meeting for discussion and strategic planning to ensure that the basic objective of capital adequacy ratio is not less than 200%.
(C) Both the risk limits and economic capital of the Company should be agreed by the Board of Directors. The Company should quarterly report details of risk control with disclosure of investment condition in order to assess whether the risk position exceeds the limit and whether the investment direction is in line with the market trend. Within the authorized risk limits, the Company is actively engaged in development of various businesses and continually increases profit, creates company value, and complies with the capital management objective.

The Company calculates and reports the capital adequacy ratio according to “Rules Governing Securities Firms”. As of December 31, 2024 and 2023, the capital adequacy ratios were 332%, and 299%, 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

DECEMBER 31, 2024 AND 2023

Trust assets		December31,2024	December31,2024		December31,2023	December31,2023
Bank savings		$	663,664		$	452,424
Structured notes			3,376,842			1,740,784
Stock			1,652,767			1,335,438
Bond			1,543,777			1,175,323
Bonds sold under repurchase agreements			28,292			70,050
Fund			9,855,176			8,855,255
Accounts receivable			80,710			150,322
Total of trust assets		$	17,201,228		$	13,779,596
Trustliabilities and equity		December31,2024			December31,2023
Accounts payable		$	4,301		$	8,089
Trust capital			15,075,223			12,580,097
Net income (loss)			2,822,938			1,405,404
Accumulated surplus (deficit)	(		701,234)	(		213,994)
Total of trust liabilities and equity		$	17,201,228		$	13,779,596

~94~

B. Income statement of trust accounts

STATEMENT OF INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

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 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 before income tax Income tax expense Net income		Year ended December 31,2024		Year ended December 31,2023
	149,477 $ 67,207 675 12,672 760,651 39,182 14,695 686,589 1,607,888 60,802 13 3,399,851 1,587) ( 32,149) ( 11,703) ( 3,923) ( 50,428) ( 2,071) ( 117,327) ( 80,285) ( 195,360) ( 81,001) ( 2,824,017 1,079) ( 2,822,938 $		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 $

~95~

C. Property list of trust accounts

PROPERTY LIST OF TRUST ACCOUNTS

DECEMBER 31, 2024 AND 2023

==> picture [455 x 130] intentionally omitted <==

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

Item December 31, 2024 December 31, 2023
Bank savings $ 663,664 $ 452,424
Structured notes 3,376,842 1,740,784
Fund 9,855,176 8,855,255
Bond 1,543,777 1,175,323
Bonds sold under repurchase agreements 28,292 70,050
Stock 1,652,767 1,335,438
Others 80,710 150,322
Total $ 17,201,228 $ 13,779,596
----- End of picture text -----

13. OTHER DISCLOSURE ITEMS

1) Information about significant transactions
A. Lending to others: Excluding security margin trading and conditional bond trading business, there is no lending of funds to either the shareholders or other parties.
B. Endorsements and guarantees for others ： None.
C. Acquisitions of real estate exceeding $300 million or 20 percent of contributed capital ： None.
D. Disposals of real estate exceeding $300 million or 20 percent of contributed capital ： None.
E. Purchases or sales transactions discount on brokers’ charges with related parties in excess of $5 million ： None.
F. Receivables from related parties exceeding $100 million or 20 percent of contributed capital ： None.
G. Significant transactions between parent company and subsidiaries are provided in Note 7.

(Blank below)

~96~

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 31,2024 Original i	Balance on December 31,2023 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 14,904,630 1,000,000 30,000,000 12,000	Percentage 96.69% 100.00% 100.00% 42.46% 100.00% 100.00% 0.03%	Bookvlaue
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. Uni-President Asset Management Corp. President Insurance Agency Corp. PSC Venture Capital Investment Limited Company Uni-President Asset Management Corp.	Taipei Taipei Hong Kong Taipei Taipei Taipei Taipei	1994.03.01 1997.04.15 1994.07.26 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 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 (Note 3) Investment Trust Insurance Agent Consultation of investment management and venture capital; other unprohibited or unrestricted businesses beyond the permit Investment Trust	644,650 $ 326,000 848,735 667,622 10,000 300,000 478	644,650 $ 326,000 848,735 667,622 10,000 300,000 478			3,053,127 $ 292,986 884,272 969,373 89,460 252,014 786	833,144 $ 80,844 256 2,312,109 187,925 14,552 2,312,109	415,399 $ 19,593) ( 13,174 873,460 65,737 5,798 873,460	401,664 $ 19,492) ( 13,174 370,899 65,760 5,803 299	222,722 $ - - 219,218 41,621 - 176	Subsidiary of the Company Subsidiary of the Company Subsidiary of the Company Associates Subsidiary of the Company Subsidiary of the Company Associates

Note 1 ： As FSC was established in July, 2004, President Futures Corp. was approved by the Investment Commission, Ministry of Economic Affairs.

Note 2 ： 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.

Note 3 ： The subsidiary, President Securities (HK) Ltd., was approved by the Board of Directors in March 2022 to deal with the dissolution and liquidation matters. However, the liquidation process is still ongoing. The deregistration of securities trading-related licenses has been completed on March 27, 2024, and securities-related business activities have ceased.

Note 4：The subsidiary, President Futures, will undergo a cash capital increase of $500,400. On December 25, 2024, the Company's Board of Directors approved to participate in the subscription according to the shareholding ratio.

~97~

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. 11303479011, the Company is required to disclose details of businesses run by foreign enterprises that were incorporated in the countries identified as non-signatories to the IOSCO MMoU or have not obtained securities or futures license of signatories to the IOSCO MMoU:
a) Revenue from engagement in consultation on assets management business, service contents and litigation: None.

(Blank below)

~98~

b) Balance sheets

PRESIDENT SECURITIES (HK) LTD. BALANCE SHEETS DECEMBER 31, 2024 AND 2023

Assets	December	31,2024		December31,2023 Expressed in HK dollars	December31,2023 Expressed in HK dollars	December31,2023 Expressed in HK dollars
	Amount	%		Amount		%
Current assets Cash and cash equivalents Other receivables Prepayments Total current assets Non-current assets Property and equipment, net Right-of-use assets Other assets - non-current Total non-current assets Total assets Liabilities and shareholders’equity	207,325,730 $ 2,069,578 106,794 209,502,102 - 256,732 81,600 338,332 209,840,434 $ 128,800 $ 267,608 396,408 192,600,000 13,643,939 3,200,087 209,444,026 209,840,434 $	99 1 - 100 - - - - 100 - - - 92 6 2 100 100	203,331,314 $ 2,943,313 16,376 206,291,003 6,297 178,479 330,001 514,777 206,805,780 $ 377,125 $ 184,716 561,841 192,600,000 16,719,420 3,075,481) ( 206,243,939 206,805,780 $		98 2 - 100 - - - - 100 - - - 93 8 1) ( 100 100
Current liabilities Other payables Current lease liabilities Total liabilities Shareholders’ equity Share capital Retained earnings Accumulated deficit Total shareholders’ equity Total liabilities and shareholders’ equity

~99~

c) Statements of comprehensive income

PRESIDENT SECURITIES (HK) LTD. STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

) Statements of comprehensive income FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 PRESIDENT SECURITIES (HK) LTD. STATEMENTS OF COMPREHENSIVE INCOME
Accounts Amount % Revenue Brokerage handling fee revenue - $ - Interest income 253 - Other operating income 62,050 2 Total revenue 62,303 2 Expenditures and expenses Handling charges - - Finance costs 11,443) ( - Other operating expenses 4,657,890) ( 146) ( Total expenditures and expenses 4,669,333) ( 146) ( Non-operating gains and losses Other gains and losses 7,807,117 244 Profit (loss) before tax 3,200,087 100 Income tax expense - - Net income (loss) 3,200,087 $ 100 Year ended December31,2024		Expressed in HK dollars Year ended December31,2023
	Amount % 130 $ - 2,195 - 190,898 6) ( 193,223 6) ( 34,807) ( 1 12,620) ( - 11,270,782) ( 366 11,318,209) ( 367 8,049,505 261) ( 3,075,481) ( 100 - - 3,075,481) ($ 100

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

~100~

3) Information of overseas branches and representative office: None

4) Disclosure of investment in Mainland China

==> picture [757 x 279] intentionally omitted <==

----- 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 investment
from Taiwan year ended December 31, 2024 remittance from Ownership (loss) recognized by Book value of income
to Mainland Taiwan to held by the the Company for the investments in remitted back
Investee in Paid-in Investment China as of Remitted to Mainland China Net income of Company year ended December Mainland China as to Taiwan as
Mainland Main business capital method January 1, Mainland Remitted back to as of December investee as of (direct or 31, 2024 of December 31, of December
China activities (Note 4) (Note 1) 2024 China Taiwan 31, 2024 December 31, 2024 indirect) (Note 2) 2024 31, 2024
Jin Yuan Securities $6,717,000 Directly $ 3,138,169 $ - $ - $ 3,138,169 ($ 133,074) 49% ($ 65,206) $ 2,641,462 $ -
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, 2024 Economic Affairs (MOEA) MOEA
Jin Yuan President Securities Co.,Ltd. $ 3,138,169 $ 3,138,169 $ 21,236,161
----- End of picture text -----

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.

Note 2: In the ‘Investment income (loss) recognized by the Company for the year ended December 31, 2024’ column:

~101~

(1) It should be indicated if the investee was still in the incorporation arrangements and had not yet any profit during this period.
(2) Indicate the basis for investment income (loss) recognition in the number of one of the following three categories:.
a. The financial statements that are audited and attested by international accounting firm which has cooperative relationship with accounting firm in R.O.C.
b. The financial statements that are audited and attested by R.O.C. parent company's CPA.
c. Others.

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

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

5) Major shareholder information

==> picture [730 x 41] intentionally omitted <==

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

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

Note 1: The information of major shareholders in this table is based on the last business day of the end of each quarter by Taiwan Depository and Clearing Corp., which determines shareholders holding more than 5% of ordinary shares and special shares of securities firms that have completed unregistered delivery (including treasury shares). As for the share capital recorded in the financial report of the securities firm and the actual number of shares delivered by the securities firm without physical registration, there may be differences due to different calculation bases.
Note 2: In the case of the above information, if a shareholder delivers shares to the trust, it is disclosed in individual accounts by the trustee who opened the trust account by the trustee. As for the shareholders’ declaration of insider’s shareholding in accordance with the Securities and Exchange Act, their shareholding includes their own shareholding plus the shares delivered to the trust and the right to use the trust property. For information on insider’s equity declaration, please refer to the Market Observation Post System.

~102~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item	Description	Amount
Checking deposits Deposits denominated in NTD Current deposits Deposits denominated in NTD Deposits denominated in foreign currencies Time deposits Deposits denominated in NTD Deposits denominated in foreign currencies Total	USD 34,146 thousands, exchange rate: 32.785 EUR 51 thousands, exchange rate:34.140 AUD 177 thousands, exchange rate:20.390 RMB 11,770 thousands, exchange rate:4.478 HKD 22,184 thousands, exchange rate:4.222 JPY 494,206 thousands, exchange rate:0.210 GBP 6 thousands, exchange rate:41.190 NZD 11 thousands, exchange rate:18.470 SGD 1 thousands, exchange rate:24.130 ZAR 668 thousands, exchange rate:1.750 Maturity Date: January 1, 2025 to December 20, 2025 Interest rates:0.665%~1.720% USD 4,200 thousands, exchange rate: 32.785 Maturity Date: January 8, 2025 to January 13 ,2025 Interest rates:4.800%~4.830%	$ 651,611 1,041,509 1,252,641 1,935,800 137,697
		$ 5,019,258

~103~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Security lending Stocks`：` Others (the balance of each security does not exceed $100,000, collectively presented) Valuation adjustment Total Open-ended funds, money market instrument: Domestic and foreign funds Fubon US Treasury Inflation-Linked Bond Index Fund A Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Valuation adjustment Total Trading securities-dealer Stocks: TSE Stocks HON HAI PRECISION IND. CO., LTD. Taiwan Semiconductor Manufacturing Co., Ltd. Accton Technology Corp. ELITE MATERIAL CO., LTD. MediaTek Inc. HWANG CHANG GENERAL CONTRACTOR CO.,LTD LARGAN Precision Co.,Ltd JENTECH PRECISION INDUSTRIAL CO., LTD Wiwynn Corporation Advanced Energy Solution Holding Co., Ltd. Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal	Description	Units, shares or certificates 873,000 9,744,484 16,318,626 656,696 2,817,231 669,530 420,862 849,629 2,528,455 85,780 68,001 43,002 152,600 23,125,500	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate(%) ( (	Cost $ 26,015 1,004 ) $ 25,011 $ 100,000 120,000 220,000 1,563 ) $ 218,437 $ 123,963 2,787,724 472,835 227,551 1,117,833 184,479 216,175 93,915 104,100 130,811 2,388,778 7,848,164	Unit price (dollars) $ $ 11.10 $ 184.00 1,075.00 773.00 618.00 1,415.00 73.50 2,675.00 1,525.00 2,620.00 1,140.00	Total amount $ 25,011 $ 100,065 118,372 $ 218,437 $ 120,832 3,028,523 517,547 260,093 1,202,225 185,841 229,462 103,702 112,665 173,964 2,396,608 8,331,462	Changes in the fair value attributable to changes in credit risk $ - $ - - $ - $ - - - - - - - - - - - -	Remark

~104~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument OTC stocks eMemory Technology Inc. GENESYS LOGIC, INC. Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Emerging stocks Others (the balance of each security does not exceed $100,000, collectively presented) Exchange Traded Fund Fubon FTSE TWSE Taiwan 50 ETF Yuanta U.S. Treasury 20+ Year Bond ETF Cathay U.S. Treasury 20+ Year Bond ETF Cathay MSCI Taiwan ESG Sustainability High Dividend Yield ETF CAPITAL TIP CUSTOMIZED TAIWAN SELECT HIGH DIVIDEND EXCHANGE TRADED FUND CAPITAL ICE ESG 20+ YEAR BBB US CORPORATE EXCHANGE TRADED FUND Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Unlisted stocks Others (the balance of each security does not exceed $100,000, collectively presented) Bonds: Government bonds Others (the balance of each security does not exceed $100,000, collectively presented)	Description	Units, shares or certificates 53,890 969,000 4,356,427 6,225,561 2,981,000 57,724,000 6,656,000 14,198,000 5,835,000 9,371,000 117,927,461 29,746	Par value (dollar) $ 10 10	Total amount	Interest rate(%)	Cost $ 157,911 153,580 607,875 919,366 230,771 332,037 1,709,140 202,021 312,865 136,666 148,478 2,430,823 5,272,039 2,052 99,972	Unit price (dollars) $ 3,355.00 166.00 114.10 28.65 29.78 22.18 23.38 15.79	Total amount $ 180,801 160,854 606,980 948,635 212,347 340,132 1,653,792 198,216 314,912 136,422 147,968 2,474,203 5,265,645 - 99,435	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - -	Remark

~105~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Ordinary Corporate Bonds B644D5 B718AQ B86910 B903XD B903YD B903YP B903ZS P23KEC2 P24ABN1 P24QNBF1 P24QNBF2 P23SHB1 P24SHB1 P24KOBC1 P24KHFC1 Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Convertible corporate bonds 140201 61843 99392 99412 Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Overseas securities: US stocks NVIDIA CORP Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal	Description	Units, shares or certificates 33,071 70,679	Par value (dollar)	Total amount	Interest rate(%) 1.680% 1.940% 1.490% 0.600% 1.490% 1.900% 1.900% 6.325% 5.741% 6.553% 5.467% 5.932% 5.730% 5.630% 5.758%	Cost $ 199,839 100,144 200,000 195,076 200,000 100,000 100,000 327,850 131,140 114,748 131,140 278,894 163,925 327,850 360,635 682,477 3,613,718 104,243 133,307 108,001 134,160 942,044 1,421,755 128,356 221,952 350,308	Unit price (dollars) $ 4,402.70	Total amount $ 199,817 100,375 199,997 194,600 199,907 100,281 100,710 331,948 130,905 115,114 131,109 281,972 165,013 328,460 360,815 678,906 3,619,929 102,591 138,632 108,472 129,770 914,026 1,393,491 145,602 236,375 381,977	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~106~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Overseas bonds ANZ FLOAT 12/16/29 ACGB 4.5 04/21/33 EIBKOR FLOAT09/11/29 SHNHAN FLOAT11/26/29 FORCAY3.375 04/22/25 BPCEGP FLOAT10/23/29 KOREA 4.51 12/10/29 PIFKSA 6 10/25/28 Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Japan stocks Others (the balance of each security does not exceed $100,000, collectively presented) Depository Receipt Others (the balance of each security does not exceed $100,000, collectively presented) Foreign index funds Others (the balance of each security does not exceed $100,000, collectively presented) Total Valuation adjustment Total market price Trading securities-underwriter Stocks: TSE Stocks Others (the balance of each security does not exceed $100,000, collectively presented)	Description	Units, shares or certificates 50,000 7,416 29,920 280,000	Par value (dollar)	Total amount	Interest rate(%) 5.476% 4.500% 6.195% 5.411% 3.375% 5.639% 4.510% 6.000%	Cost $ 262,527 187,249 164,003 163,542 162,824 116,297 102,102 102,462 6,154,651 7,415,657 45,579 45,950 62,201 27,327,532 495,182 $27,822,714 $ 17,555	Unit price (dollars)	Total amount $ 263,177 186,432 165,376 163,092 162,904 116,480 102,321 101,040 6,151,305 7,412,127 46,688 48,016 62,962 $27,822,714 $ 24,470	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - $ - $ -	Remark

~107~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument OTC Stocks Others (the balance of each security does not exceed $100,000, collectively presented) Bonds: Convertible corporate bonds Others (the balance of each security does not exceed $100,000, collectively presented) Total Valuation adjustment Total market price Trading securities-hedging Stocks: TSE Stocks HON HAI PRECISION IND. CO., LTD. Taiwan Semiconductor Manufacturing Co., Ltd. TATUNG COMPANY MediaTek Inc. EVERGREEN STEEL CORP. Yang Ming Marine Transport Corp. LARGAN Precision Co.,Ltd EDISON OPTO CORPORATION Castles Technology Co., Ltd. EZconn Corporation Advanced Energy Solution Holding Co., Ltd. Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal OTC stocks C.T.I. TRAFFIC INDUSTRIES CO.,LTD. LandMark Optoelectronics Corporation CHIALIN Precision Industrial Co., Ltd. Wiselink Co., Ltd.	Description	Units, shares or certificates 1,112,000 3,261,492 726,651 6,017,368 247,042 2,250,939 3,317,997 57,964 4,067,000 1,483,698 190,000 392,092 27,047,972 1,401,548 717,608 1,720,000 7,800,039	Par value (dollar) $ 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10	Total amount	Interest rate(%)	Cost $ 50,055 783,244 850,854 152,654 $1,003,508 $ 630,742 727,692 277,230 315,932 491,262 250,928 153,259 104,798 177,404 113,833 360,047 2,760,781 6,363,908 169,142 255,016 147,631 442,819	Unit price (dollars) $ 184.00 1,075.00 47.90 1,415.00 225.00 75.70 2,675.00 26.00 83.70 650.00 1,140.00 111.50 387.00 95.30 92.80	Total amount $ 78,198 900,840 $ 1,003,508 $ 600,115 781,150 288,232 349,564 506,461 251,172 155,054 105,742 124,186 123,500 446,985 2,717,222 6,449,383 156,273 277,714 163,916 723,844	Changes in the fair value attributable to changes in credit risk $ - - $ - $ - - - - - - - - - - - - - - - - -	Remark

~108~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Warrants Others (the balance of each security does not exceed $100,000, collectively presented) Exchange traded fund Others (the balance of each security does not exceed $100,000, collectively presented) Bonds: Convertible corporate bonds 11011 140202 20344 21043 22013 23682 23837 24394 25483 288701 33101 33245 33881 36913 41903 44382 50097 53887 54573 61965 62695 62822	Description	Units, shares or certificates 13,981,797 53,164,000 701,250	Par value (dollar)	Total amount	Interest rate(%)	Cost $1,226,764 2,241,372 38,420 25,222 210,889 171,665 139,704 212,371 614,138 161,121 200,284 117,885 243,517 138,394 138,204 244,915 101,818 138,881 124,057 182,426 363,288 240,170 287,128 225,140 133,477 238,627	Unit price (dollars)	Total amount $ 1,171,880 2,493,627 29,041 25,341 211,013 162,189 136,902 199,820 557,034 168,989 248,517 106,605 241,536 136,335 130,900 262,235 101,107 129,281 120,008 180,084 348,239 241,222 274,453 228,752 122,200 223,621	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - - - - - - -	Remark

~109~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument 64145 65931 811210 82992 84781 98026 99211 99332 99392 99412 99587 Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Corporate bond B99507 B99509 B99607 Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Overseas securities: US stocks Others (the balance of each security does not exceed $100,000, collectively presented) Foreign index fund Others (the balance of each security does not exceed $100,000, collectively presented) Global depositary receipt Others (the balance of each security does not exceed $100,000, collectively presented)	Description	Units, shares or certificates 205,145 9,383 5,242	Par value (dollar)	Total amount	Interest rate(%) 3.70% 3.70% 3.70%	Cost $ 263,798 78,238 164,892 412,112 163,180 117,216 211,190 608,975 321,915 390,035 166,053 6,664,571 14,190,274 1,000,000 1,260,000 2,000,000 90,000 4,350,000 342,827 20,084 3,587	Unit price (dollars)	Total amount $ 269,422 172,840 145,370 403,041 136,558 125,045 209,272 557,682 323,956 368,220 165,006 6,432,192 13,839,646 1,006,626 1,261,435 2,029,156 90,864 4,388,081 356,304 20,520 3,492	Changes in the fair value attributable to changes in credit risk $ - - - - - - - - - - - - - - - - - - - - -	Remark

~110~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Japan stocks Others (the balance of each security does not exceed $100,000, collectively presented) Korea Stocks Others (the balance of each security does not exceed $100,000, collectively presented) Subtotal Valuation adjustment Total market price Total	Description	Units, shares or certificates 25,500 21,895	Par value (dollar)	Total amount	Interest rate(%)	Cost $ 24,862 46,935 27,647,491 31,959 $27,679,450 $56,749,120	Unit price (dollars)	Total amount $ 36,180 37,835 $27,679,450 $56,749,120	Changes in the fair value attributable to changes in credit risk $ - - $ - $ -	Remark

~111~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - CURRENT DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument Stocks: TSE Stocks Taiwan Semiconductor Manufacturing Co., Ltd. CTBC FINANCIAL HOLDING CO., LTD. Total Valuation adjustment Total market price Overseas bonds: T 4.875 10/31/28 Valuation adjustment Total market price Total	Description	Shares or certificates 667,000 2,726,000	Par value $ 10 10	Total amount	Interest rate (%) 4.875% (	Cost Accumulated impairment $ 189,812 90,082 279,894 543,717 823,611 3,681,435 9,156 ) 3,672,279 $ 4,495,890	Fair value	Fair value
							Unit price (dollars) $ 1,075.00 39.10	Total amount
								$ 717,025 106,586
								823,611
								3,672,279
								$ 4,495,890

~112~

PRESIDENT SECURITIES CORPORATION STATEMENT OF DERIVATIVES INSTRUMENTS

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of derivatives instruments Derivatives assets Derivative financial instrument assets - OTC IRS asset swaps Options bought Currency derivative instruments Subtotal Future Options bought - futures Futures Margin - Own Funds Total Total derivatives assets Derivative liabilities Derivative financial instrument liabilities - OTC Options sold Currency derivative instruments Structured products IRS asset swaps 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 $ 7,665 33,893 18,500 60,058 168 3,566,046 129,019 222,276 116,972 4,034,481 $ 4,094,539 $ 2,991,944 6,133 1,299,472 15,361 4,312,910 1,380,601 316 376,146 $ 6,069,973	Remark
			Note 1 Note 1 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 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”.

~113~

PRESIDENT SECURITIES CORPORATION STATEMENT OF MARGIN LOANS RECEIVABLE

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of securities Taiwan Semiconductor Manufacturing Co., Ltd. HON HAI PRECISION IND. CO., LTD. MediaTek Inc. Wistron Corporation Alchip Technologies, Limited Shin Kong Financial Holding Co.,Ltd. Unimicron Technology Corp. Accton Technology Corp. ELITE MATERIAL CO., LTD. ASMEDIA TECHNOLOGY INC. Others Less: Allowance for uncollectible accounts Total	Shares Amount 1,818,000 $ 816,872 4,875,000 543,134 892,000 487,719 5,173,000 349,304 191,000 326,105 40,586,000 306,387 2,896,000 278,685 591,000 259,157 900,000 243,915 191,000 234,884 447,069,000 18,117,495 ( 27,740 ) $ 21,935,917	Remark

~114~

PRESIDENT SECURITIES CORPORATION STATEMENT OF ACCOUNTS RECEIVABLE

DECEMBER 31, 2024

(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 $ 2,367 944 $ 3,311 $ 14,492,455 546,555 78,673 625,228 2,426,899 738,985 3,165,884 56,868 9,987,065 821,069 313,848 491 ) $ 29,461,926	Remark

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

~115~

PRESIDENT SECURITIES CORPORATION STATEMENT OF OTHER CURRENT ASSETS

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

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	Description	Amount $ 178,819 500,000 44,257 383,532 1,982,997 90,914 $ 3,180,519	Remark

~116~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - NON-CURRENT FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Beginning balance	Beginning balance	Increased	Increased	Decreased Shares or certificates Amount ( $ 8,270 ) ( 339 ) ($ 8,609 )	Ending balance	Ending balance	Collateral
Shares or certificates	Fair value	Shares or certificates	Amount	Shares or certificates ( ( (	Shares or certificates	Fair value
43,478	$ 10,004 49,776		$ - -		43,478	$ 1,734 49,437	No Yes (Note)
	$ 59,780		$ -			$ 51,171

Note: Applying for guarantee for trust fund.

~117~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - NON-CURRENT FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Beginningbalance	Beginningbalance	Increased	Increased	Decreased Shares or certificates Amount - $ - - - $ -	Endingbalance	Endingbalance	Collateral
Shares or certificates	Fair value	Shares or certificates 302,596 152,782	Amount	Shares or certificates - -	Shares or certificates	Fair value
1,592,612 1,091,300	$ 194,553 112,895		$ 81,958 23,456		1,895,208 1,244,082	$ 276,511 136,351	No No
	$ 307,448		$ 105,414			$ 412,862

~118~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN INVESTMENTS ACCOUNTED FOR UNDER THE EQUITY METHOD FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

															Market	value or	value or
	Beginning	balance		Increased			Decreased			Endingbalance					net equity		value
						Amount		Amount			Sharehold			Unit	price
Name	Shares		Amount	Shares		(Note 1)	Shares	(Note 2)		Shares	ingratio		Amount	(dollars)		Total amount		Collateral	Remark
President Futures Corp.	63,817,303	$	2,699,883	-	$	575,966	- ( $	222,722 )		63,817,303	96.69%	$	3,053,127	$	47.84	$	3,053,127	No
President Capital Management
Corp.	30,000,000		310,452	-		2,026	- (	19,492 )		30,000,000	100.00%		292,986		9.77		292,986	No
President Securities (HK) Ltd.	192,600,000		810,334	-		73,938	-		-	192,600,000	100.00%		884,272		4.59		884,272	No
Uni-President Asset
Management Corp.	14,904,630		796,561	-		392,030	- (	219,218 )		14,904,630	42.46%		969,373		53.00		790,001	No
PSC Venture Capital
Investment Limited
Company	30,000,000		246,211	-		5,803	-		-	30,000,000	100.00%		252,014		8.40		252,014	No
President Insurance Agency
Corp.	1,000,000		65,304	-		65,777	- (	41,621 )		1,000,000	100.00%		89,460		89.46		89,460	No
Jin Yuan President Securities
Co., Ltd.	-		2,615,717	-		90,951	- (	65,206 )		-	49.00%		2,641,462		-		2,641,462	No
Total		$	7,544,462		$	1,206,491	( $	568,259 )				$	8,182,694			$	8,003,322

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.

~119~

PRESIDENT SECURITIES CORPORATION STATEMENT OF CHANGES IN PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Land Buildings Equipment Leasehold improvements Total	Beginning balance $ 1,631,492 1,087,437 442,860 16,486 $ 3,178,275	Increased $ - 26,804 111,642 20,720 $ 159,166	Decreased $ - ( 22,829) ( 55,598) ( 8,308) ( $ 86,735)	Ending balance $ 1,631,492 1,091,412 498,904 28,898 $ 3,250,706	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 $120,542.

~120~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Buildings Equipment Leasehold improvements Total	Beginningbalance ( $ 527,009) ( 181,738) ( 9,299) ( $ 718,046)	Increased ( $ 39,193) ( 113,421) ( 4,473) ( $ 157,087)	Decreased $ 22,829 55,598 8,308 $ 86,735	Endingbalance ( $ 543,373) ( 239,561) ( 5,464) ( $ 788,398)	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.

~121~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN RIGHT-OF-USE ASSETS FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Buildings Transportation equipment (Business vehicles) Office equipment (Photocopiers) Total	Beginning balance $ 258,792 27,756 11,409 $ 297,957	Increased $ 154,114 10,004 - $ 164,118	Decreased ( $ 94,220) ( 15,442) - ( $ 109,662)	Ending balance $ 318,686 22,318 11,409 $ 352,413	Remark

~122~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF RIGHT-OF-USE ASSETS FOR THE YEAR ENDED DECEMBER 31, 2024

FOR THE YEAR ENDED DECEMBER 31, 2024
(Expressed in thousands of New Taiwan dollars) Item Beginning balance Increased Decreased Accumulated depreciation - Buildings ( $ 149,462) ( $ 67,705) $ 94,220 Accumulated depreciation - Transportation equipment (Business vehicles) ( 14,781) ( 4,920) 12,748 Accumulated depreciation - Office equipment (Photocopiers) ( 7,421) ( 2,315) - Total ( $ 171,664) ( $ 74,940) $ 106,968	Ending balance
	( $ 122,947) ( 6,953) ( 9,736)
	( $ 139,636)

~123~

PRESIDENT SECURITIES CORPORATION STATEMENT OF LEASE LIABILITIES

DECEMBER 31, 2024

(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 2020/04-2029/12 2021/01-2030/07 2019/08-2027/07 2020/04-2029/12 2021/01-2030/07 2019/08-2027/07	Discount rate 0.571%~1.7386% 0.571%~1.7386% 0.571%~1.7082% 0.571%~1.7386% 0.571%~1.7386% 0.571%~1.7082%	Endingbalance $ 61,689 4,536 1,491 67,716 132,612 10,957 387 143,956 $ 211,672	Remark

~124~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF SHORT-TERM LOANS

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Type of loan Unsecured loans Secured loans Call loan Total	Description	Endingbalance $ 8,545,865 160,000 98,355 $ 8,804,220	Contract term Due within one year Due within one year Due within one year	Interest rate 1.870%~5.250% 2.040% 4.930%	Loan Commitment $ 20,750,765 4,500,000 3,999,770 $ 29,250,535	Collateral Time deposits, real estate	Remark

~125~

PRESIDENT SECURITIES CORPORATION STATEMENT OF ACCOUNTS PAYABLE

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of client Non-related parties: Settlement accounts payable - brokered trading Others Settlement proceeds Taiwan Stock Exchange Corporation Taiwan Depository & Clearing Corporation Settlement accounts payable - operating Taiwan Stock Exchange Corporation Others Spot exchange payable, foreign currencies Others Settlement accounts payable - foreign bonds Others Others Total	Description	Amount $ 12,373,337 2,705,838 21,690 2,727,528 1,872,930 67,131 1,940,061 56,794 9,983,714 349,732 $ 27,431,166	Remark

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

~126~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
A12101 A13105 B618D1 B644DB B644D5 B644D5 B718AQ B718A4 B86910 B903XD B903YD B903YD B903YE B903YH B903YP B903YS B903YS B903ZG B903ZS G13111 21043 22013 22013 22313 23682 23837 23837 25483 25483 29061 30061 33245	20241216 20241203 20241210 20241217 20241209 20241212 20241204 20241218 20241203 20241212 20241213 20241219 20241202 20241224 20241225 20241203 20241211 20241219 20241216 20241204 20241218 20241220 20241218 20241218 20241225 20241218 20241225 20241226 20241231 20241218 20241227 20241204	20250116 20250107 20250109 20250102 20250108 20250110 20250107 20250114 20250106 20250113 20250107 20250117 20250109 20250115 20250117 20250109 20250114 20250115 20250116 20250103 20250120 20250113 20250120 20250120 20250120 20250113 20250120 20250107 20250205 20250120 20250121 20250103	1.14% 1.14% 1.53% 1.54% 1.53% 1.54% 1.60% 1.54% 1.60% 1.54% 1.53% 1.59% 1.52% 1.54% 1.54% 1.53% 1.53% 1.54% 1.60% 1.53% 1.62% 1.60% 1.62% 1.62% 1.60% 1.61% 1.60% 1.62% 1.62% 1.62% 1.61% 1.58%	Central Government Bonds Central Government Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds Ordinary Corporate Bonds 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	$ 44,300 49,600 50,000 50,000 100,000 100,000 100,000 100,000 200,000 200,000 100,000 100,000 50,000 100,000 100,000 50,000 50,000 100,000 100,000 100,000 70,000 100,000 50,000 25,000 100,000 55,000 30,000 100,000 40,000 24,000 10,000 50,000	$ 49,131 55,000 50,206 50,326 100,122 100,133 100,000 100,733 200,000 200,229 100,118 100,000 50,298 100,149 101,907 50,115 50,208 100,446 100,000 100,235 70,000 100,000 50,000 25,000 100,268 55,000 30,022 100,000 40,000 24,000 10,000 50,000

~127~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
53887 53887 61965 61965 61965 62822 62822 82992 89383 99211 99332 99412 P23KEC2 P23KEC2 P24ABN1 P24ABN1 P24QNBF1 P24QNBF2 P24SHB1 P24KOBC1 P24KOBC1 P24SNB1 P24KHFC1 P24KHFC1 P23SHB1 P23SHB1 P23SHB1 P23SHB1 NAB 5.2 11/16/26 CNHI 5.4 05/17/27 EIBKOR 5.25 05/20/31 UBS 5.57 11/24/26	20241219 20241227 20241209 20241218 20241218 20241224 20241227 20241219 20241218 20241220 20241231 20241220 20241219 20241108 20241219 20241220 20241219 20241128 20241108 20241219 20241219 20241216 20241108 20241108 20241218 20241101 20241101 20241205 20240620 20240621 20240621 20240621	20250121 20250210 20250106 20250106 20250120 20250116 20250210 20250106 20250120 20250114 20250212 20250205 20251119 20251017 20251219 20251119 20251119 20251024 20251017 20251119 20251119 20251112 20251017 20251017 20250110 20250103 20250103 20250205 20250620 20250521 20250521 20250521	1.60% 1.62% 1.59% 1.60% 1.62% 1.63% 1.62% 1.60% 1.62% 1.61% 1.62% 1.61% 4.55% 4.80% 4.54% 4.78% 4.60% 4.80% 4.80% 4.55% 4.55% 4.83% 4.80% 4.80% 4.81% 4.85% 4.85% 4.75% 4.65% 4.60% 4.60% 4.60%	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 (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) International Bonds (USD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD)	$ 50,000 123,000 80,000 50,000 20,000 100,000 60,000 50,000 30,000 50,000 127,000 170,000 81,962 245,887 65,570 65,570 114,747 131,140 163,925 163,925 163,925 32,785 295,065 65,570 229,495 5,246 16,392 6,557 20,390 20,390 10,195 20,390	$ 50,000 123,000 80,000 50,000 20,000 100,000 60,000 50,000 30,000 50,049 127,000 170,000 74,836 228,680 60,867 60,952 106,959 120,173 153,975 149,023 149,023 29,843 268,778 59,728 222,379 5,306 16,429 6,557 19,047 18,853 9,501 19,661

~128~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
VW 5.55 06/14/28 VW 5.55 06/14/28 ARTAUS5.598 06/12/31 VW 5.55 06/14/28 RABOBK FLOAT07/17/29 EIBKOR 5.25 05/20/31 VW 5.55 06/14/28 ORIX 4.987 02/28/28 ORIX 4.987 02/28/28 SHINCA 5.05 10/22/27 SHINCA 5.05 10/22/27 BPCEGP FLOAT10/23/29 OCINCC6 1/2 10/23/27 BPCEGP FLOAT10/23/29 ENBW 5.302 10/30/29 MELAIR 5.598 11/01/3 AMPAU FLOAT 11/04/27 BPCEGP FLOAT10/23/29 BPCEGP5.077 10/23/29 QANAU 5.9 09/19/34 NAB FLOAT 11/14/29 ENBW 6.048 10/30/34 SHNHAN FLOAT11/26/29 SHNHAN FLOAT11/26/29 SHNHAN FLOAT11/26/29 IBESM 5.87 11/28/34 WOWAU 5.91 11/29/34 ACGB 4.5 04/21/33 BPCEGP5.077 10/23/29 SHNHAN FLOAT11/26/29 ACGB 4.5 04/21/33 KOREA 4.51 12/10/29	20240621 20240626 20240627 20240701 20240731 20240806 20240822 20240830 20240903 20241023 20241023 20241024 20241024 20241024 20241031 20241104 20241105 20241108 20241112 20241112 20241118 20241125 20241127 20241127 20241127 20241202 20241202 20241204 20241204 20241204 20241210 20241211	20250521 20250526 20250527 20250602 20250630 20250707 20250722 20250730 20250804 20250923 20250923 20250924 20250924 20250924 20250930 20251006 20251006 20251008 20251013 20251013 20251020 20251027 20251027 20251027 20251027 20251103 20251103 20251104 20251104 20251104 20251110 20251111	4.60% 4.65% 4.65% 4.65% 4.65% 4.65% 4.60% 4.60% 4.60% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.60% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.45% 4.60% 4.60% 4.45% 4.65%	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) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD)	$ 10,195 10,195 20,390 10,195 10,195 10,195 10,195 40,780 40,780 40,780 48,936 40,780 40,780 55,053 34,663 20,390 35,682 20,390 10,195 10,195 40,780 20,390 40,780 40,780 40,780 20,390 20,390 50,975 10,195 40,780 20,390 40,780	$ 9,370 9,277 18,479 9,213 9,296 9,755 9,509 37,184 37,574 37,341 44,810 38,789 37,372 52,366 31,575 18,444 32,926 18,826 9,627 9,534 37,583 18,722 38,831 38,831 38,831 19,358 19,262 50,682 9,391 36,794 20,401 38,935

~129~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
ACGB 4.5 04/21/33 KOREA 4.51 12/10/29 BNP FLOAT 08/23/34 ALDAU FLOAT 12/11/54 ACGB 4.5 04/21/33 BNP FLOAT 08/23/34 ACGB 4.5 04/21/33 KOREA 4.51 12/10/29 QANAU 5.9 09/19/34 TEMASE 2.75 08/28/34 MTRC 2.75 09/20/34 TEMASE 2.75 08/28/34 GM 4 07/10/30 LEASYS 4.5 07/26/26 AARB 5.875 05/29/26 SWEDA 4.625 05/30/26 LEASYS 4.5 07/26/26 LSELN 4.125 09/29/26 ARION 4.625 11/21/28 CBAAU 4.266 06/04/34 HCOB 4.5 07/24/28 AYVFP 3.875 01/24/28 BMW 3 08/27/27 PCAR 3 08/29/27 CAT 3.023 09/03/27 SABLLH4.853 12/05/28 MONBNK4.414 09/11/30 CCDJ 3.467 09/05/29 NDB 3.625 09/11/29 ACAFP 3.125 01/26/29 SANTAN4.625 10/18/27 MBKPW 4.034 09/27/30	20241211 20241211 20241212 20241212 20241217 20241217 20241218 20241218 20241224 20240916 20240923 20241202 20240513 20240521 20240604 20240620 20240620 20240620 20240620 20240625 20240729 20240801 20240828 20240903 20240905 20240909 20240912 20240927 20240927 20240927 20241002 20241002	20251111 20251111 20251112 20251112 20251117 20251117 20251118 20251118 20251124 20250818 20250825 20251103 20250414 20250421 20250505 20250520 20250520 20250520 20250520 20250526 20250630 20250701 20250728 20250804 20250805 20250811 20250812 20250827 20250827 20250827 20250902 20250902	4.45% 4.65% 4.70% 4.70% 4.45% 4.65% 4.45% 4.65% 4.60% 1.75% 1.75% 1.75% 3.10% 3.10% 3.10% 3.00% 3.10% 3.00% 3.10% 3.15% 3.15% 3.13% 3.10% 3.12% 3.10% 3.12% 3.12% 3.10% 3.12% 3.14% 3.10% 3.12%	Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (AUD) Foreign Bonds (RMB) Foreign Bonds (RMB) Foreign Bonds (RMB) 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)	$ 20,390 40,780 20,390 40,780 40,780 20,390 50,975 20,390 10,195 13,434 22,390 8,956 20,484 34,140 34,140 34,140 34,140 34,140 34,140 34,140 23,898 34,140 17,070 34,140 23,898 34,140 34,140 20,484 68,280 10,242 34,140 17,070	$ 20,396 38,935 19,524 37,587 41,013 18,722 51,329 18,611 9,643 12,212 20,272 7,674 18,959 32,883 31,378 31,976 32,657 31,619 31,586 31,347 22,294 32,373 15,698 31,391 21,769 31,596 31,652 18,920 62,988 9,415 34,833 15,518

~130~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
POLAND3 1/8 10/22/31 PKOBP 3.875 09/12/27 INDON 3.65 09/10/32 LHAGR 3.625 09/03/28 DB 5 09/05/30 RBIAV 3.875 01/03/30 RENAUL3.875 09/30/30 AYVFP 3.875 07/16/29 VW 3 1/4 05/19/27 URWFP 3.5 09/11/29 STLA 3 3/8 11/19/28 ROMGAZ 4.75 10/07/29 DBR 2.6 08/15/34 MTNA 3 1/8 12/13/28 RENAUL3 3/8 07/26/29 AABOND 6.85 07/31/31 TOYOTA4.625 03/29/28 CPKLN 5.94 08/28/30 UKT 4.125 07/22/29 KSA 5.25 06/04/27 CITNAT 5.25 05/09/29 BFCM 5.896 07/13/26 CKHH 5.375 04/26/29 HYNMTR 6.25 11/03/25 NDAQ 5.65 06/26/25 SOCGEN6.446 01/10/29 SUMI 5.05 07/03/29 KSA 5.25 06/04/27 SUMI 5.05 07/03/29 OCBCSP 5.52 05/21/34 HYNMTR FLOAT06/24/27 NACF FLOAT 07/22/27	20241125 20241126 20241128 20241128 20241209 20241218 20241218 20241218 20241218 20241218 20241218 20241218 20241220 20241223 20241223 20240620 20240903 20241126 20241218 20240607 20240620 20240620 20240620 20240620 20240620 20240625 20240712 20240715 20240715 20240717 20240723 20240723	20251027 20251027 20251028 20251028 20251110 20251118 20251118 20251118 20251118 20251118 20251118 20251118 20251120 20251124 20251124 20250620 20250804 20251027 20251118 20250507 20250620 20250620 20250620 20250620 20250620 20250526 20250612 20250616 20250616 20250617 20250623 20250623	3.12% 3.12% 3.12% 3.12% 3.14% 3.12% 3.12% 3.12% 3.17% 3.12% 3.17% 3.12% 3.05% 3.35% 3.14% 4.95% 4.90% 4.95% 4.90% 4.60% 4.78% 4.78% 4.80% 4.78% 4.80% 4.78% 4.78% 4.60% 4.78% 4.60% 4.78% 4.54%	Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (EUR) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (GBP) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) 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)	$ 17,070 34,140 64,866 23,898 17,070 27,312 17,070 17,070 34,140 17,070 17,070 68,280 17,070 13,656 19,801 20,595 20,595 12,357 82,380 32,785 32,785 16,392 32,785 81,962 8,196 32,785 8,196 32,785 8,196 32,785 32,785 65,570	$ 15,503 31,426 59,510 22,204 16,839 25,893 15,971 16,392 31,516 16,015 15,777 62,546 17,440 12,198 17,786 18,878 18,666 11,324 79,059 30,498 30,297 15,475 29,725 76,338 7,755 31,087 7,477 31,457 7,511 30,585 30,073 60,490

~131~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
HYNMTR FLOAT06/24/27 BFCM FLOAT 02/16/28 KSA 5.25 06/04/30 KSA 5.25 06/04/30 MITCO 5.125 07/17/34 PIFKSA 6 10/25/28 NWG FLOAT 11/15/28 EIBKOR FLOAT09/11/29 EIBKOR FLOAT09/11/29 KSA 5.25 06/04/34 HNDA 5.8 10/03/25 KEBHNB 5.75 10/24/28 C 5.864 09/29/25 DB 6.819 11/20/29 DAESEC5.875 01/26/27 BOCAVI 5.75 11/09/28 SANTAN5.365 07/15/28 STANLN5.688 05/14/28 HPE 4.45 09/25/26 KOROIL FLOAT09/30/27 BACR 6.496 09/13/27 ANZ FLOAT 09/30/27 INDKOR FLOAT09/30/27 ANZ 5.204 09/30/35 ANZ FLOAT 09/30/27 SANUSA6.124 05/31/27 UBS 6.85 PERP NDAQ 5.65 06/26/25 JPM 4.946 10/22/35 KYUSEL4.447 10/02/29 HNDA FLOAT 10/22/27 NOMURA5.594 07/02/27	20240724 20240731 20240820 20240826 20240827 20240910 20240910 20240912 20240912 20240913 20240918 20240918 20240918 20240923 20240924 20240924 20240927 20240927 20240927 20241001 20241001 20241001 20241002 20241002 20241007 20241007 20241010 20241017 20241023 20241024 20241024 20241028	20250624 20250630 20250721 20250728 20250728 20250811 20250811 20250812 20250812 20250813 20250818 20250818 20250818 20250825 20250825 20250825 20250827 20250827 20250827 20250901 20250901 20250901 20250902 20250902 20250908 20250908 20250910 20250626 20250923 20250924 20250924 20250929	4.77% 4.60% 4.50% 4.52% 4.78% 4.53% 4.78% 4.55% 4.55% 4.55% 4.60% 4.60% 4.60% 4.55% 4.40% 4.53% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.55% 4.55% 4.50% 4.78% 4.62% 4.78% 4.80% 4.55% 4.60% 4.54%	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) Foreign Bonds (USD) Foreign Bonds (USD)	$ 32,785 32,785 16,392 16,392 32,785 32,785 65,570 65,570 65,570 16,392 32,785 32,785 65,570 32,785 32,785 32,785 32,785 16,392 8,196 65,570 32,785 32,785 65,570 32,785 65,570 16,392 32,785 24,589 16,392 32,785 32,785 32,785	$ 30,867 31,286 15,647 15,715 30,998 31,696 59,848 60,539 60,539 15,942 31,442 32,630 62,771 32,343 31,065 32,243 30,938 15,679 7,466 59,788 31,028 29,834 60,347 28,458 60,443 15,529 28,158 22,868 14,723 29,728 31,146 31,238

~132~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
ZURNVX 5.5 04/23/55 UBS 9.016 11/15/33 UBS 9.25 PERP DB 6.72 01/18/29 BBKPIJ5.658 10/30/27 KOLAHO 5.75 10/06/25 HSBC 6.875 PERP HSBC 7.39 11/03/28 BACR 7.385 11/02/28 STANLN5.688 05/14/28 STANLN5.688 05/14/28 STANLN5.688 05/14/28 KOCRGF5.357 05/29/27 KUB 5.33 05/29/27 C FLOAT 08/06/26 HYUELE6.375 01/17/28 PIFKSA 6 10/25/28 COF 7.624 10/30/31 BGOSK 6.25 10/31/28 DB 6.72 01/18/29 T 4.875 10/31/28 KOLAHO 5.75 10/06/25 T 4.875 10/31/28 SANUSA6.124 05/31/27 MVMHU 7.5 06/09/28 HSBC FLOAT 11/19/30 HSBC FLOAT 11/19/28 BPLN 6.125 PERP UBS 9.016 11/15/33 BABA 5.625 11/26/54 HSBC FLOAT 11/19/30 ARAMCO 5.25 07/17/34	20241029 20241105 20241105 20241105 20241107 20241107 20241107 20241107 20241107 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241112 20241113 20241114 20241114 20241115 20241118 20241120 20241120 20241120 20241121 20241127 20241129 20241203 20241203	20250929 20251006 20251006 20251006 20251007 20251002 20251007 20251007 20251007 20251013 20251013 20251013 20251013 20251013 20251013 20251013 20251013 20251013 20251013 20251013 20251014 20251002 20251015 20251020 20251020 20251020 20251020 20251021 20251027 20251029 20251103 20251103	4.82% 4.52% 4.50% 4.80% 4.55% 4.55% 4.65% 4.83% 4.83% 4.73% 4.73% 4.73% 4.73% 4.73% 4.73% 4.50% 4.55% 4.60% 4.55% 4.80% 4.50% 4.55% 4.50% 4.60% 4.80% 4.55% 4.55% 4.80% 4.60% 4.55% 4.55% 4.55%	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) Foreign Bonds (USD) Foreign Bonds (USD)	$ 6,557 32,785 32,785 32,785 65,570 16,392 32,785 32,785 32,785 32,785 32,785 16,392 49,177 32,785 32,785 32,785 32,785 32,785 32,785 32,785 163,925 16,392 327,850 49,177 16,392 65,570 65,570 16,392 32,785 13,114 16,392 32,785	$ 5,557 38,306 29,646 31,624 59,863 15,233 28,466 31,774 31,684 32,493 32,493 16,247 47,445 32,250 31,177 32,798 32,669 34,593 31,503 31,774 162,711 15,236 324,852 46,952 16,051 59,119 59,137 14,753 38,465 11,229 14,787 31,007

~133~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
TAQAUH 4.75 03/09/37 FORCAY3.375 04/22/25 HSBC 7.39 11/03/28 KOROIL FLOAT09/30/27 INDOIS 5.65 11/25/54 C FLOAT 11/19/27 STANLN6.301 01/09/29 HSBC FLOAT 11/19/30 BNP 7.375 PERP SPSP 4.625 11/21/29 T 4.875 10/31/28 BOCAVI 3.25 04/29/25 FORCAY3.375 04/22/25 FORCAY3.375 04/22/25 ARAMCO 5.25 07/17/34 ANZ 4.615 12/16/29 ANZ FLOAT 12/16/29 ANZ FLOAT 12/16/29 TD 4.783 12/17/29 TD FLOAT 12/17/29 T 4.875 10/31/28 SUMITR 4.45 09/10/27 HSBC 8 PERP DFHOLD6.875 11/06/26 NBNAUS 5.75 10/06/28 MVMHU 7.5 06/09/28 SOCGEN6.691 01/10/34 PIFKSA 6 10/25/28 SEKIS 5.1 10/23/34 DE FLOAT 07/15/27 SEKIS 5.1 10/23/34 SEKIS 4.7 02/23/30	20241204 20241204 20241204 20241206 20241205 20241205 20241206 20241206 20241209 20241211 20241212 20241212 20241213 20241213 20241213 20241217 20241217 20241217 20241218 20241218 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220	20251104 20250418 20251104 20251106 20251105 20251105 20251106 20251106 20251110 20251111 20251112 20250425 20250418 20250418 20251113 20251117 20251117 20251117 20251118 20251118 20250110 20251120 20250321 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120	4.60% 4.60% 4.85% 4.55% 4.80% 4.70% 4.60% 4.85% 4.90% 4.60% 4.60% 4.60% 4.60% 4.60% 4.60% 4.83% 4.83% 4.83% 4.83% 4.83% 4.79% 4.55% 4.55% 4.55% 4.55% 4.55% 4.55% 4.55% 4.56% 4.54% 4.56% 4.56%	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) Foreign Bonds (USD) Foreign Bonds (USD)	$ 32,785 65,570 32,785 32,785 16,392 65,570 32,785 16,392 32,785 32,785 983,550 75,405 65,570 32,785 32,785 65,570 163,925 98,355 16,392 32,785 163,925 32,785 32,785 32,785 32,785 16,392 32,785 32,785 16,392 16,392 16,392 16,392	$ 29,182 60,110 31,923 30,615 15,201 59,161 32,061 15,007 27,529 31,301 994,000 69,163 60,192 30,096 30,974 59,311 150,160 90,096 14,813 29,893 165,161 31,189 28,766 30,415 31,293 15,407 32,165 30,548 14,166 15,792 14,166 14,307

~134~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value	Remark
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
SEKIS 4.7 02/23/30 HYNMTR 6.5 01/16/29 T 4.875 10/31/28 T 4.875 10/31/28 T 4.875 10/31/28 T 4.875 10/31/28 T 4.875 10/31/28 APAAU 5.75 09/16/44 KRKPSC6.375 06/11/27 ORIES 5.5 02/01/27 DAESEC6.875 07/26/26 MITSCO 4.4 09/12/29 C 5.411 09/19/39 BFCM 5.194 02/16/28 SON 4.45 09/01/26 AFRFIN 5.55 10/08/29 KRKPSC6.375 06/11/29 BNKEA 6.75 03/15/27 EIBKOR FLOAT09/11/29 SUMITR FLOAT09/10/27 ADQABU 5.5 05/08/34 SUMITR 4.5 09/10/29 KSA 5.25 06/04/34 SUMI 5.05 07/03/29 APAAU 5.125 09/16/34 SUMITR 4.85 09/10/34 T 4.875 10/31/28 AXP 6.338 10/30/26 HSBC 5.286 11/19/30 HSBC 5.13 11/19/28 KRKPSC6.375 06/11/27 KOLAHO 5.75 10/06/25	20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241220 20241223 20241223 20241223 20241223 20241223 20241224	20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251120 20251124 20251124 20251124 20251124 20251124 20251002	4.56% 4.55% 4.48% 4.48% 4.48% 4.48% 4.48% 4.54% 4.57% 4.57% 4.55% 4.54% 4.55% 4.54% 4.54% 4.60% 4.54% 4.55% 4.54% 4.54% 4.54% 4.54% 4.54% 4.54% 4.54% 4.54% 4.50% 4.60% 4.55% 4.55% 4.78% 4.60%	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) Foreign Bonds (USD) Foreign Bonds (USD)	$ 16,392 32,785 327,850 327,850 327,850 327,850 327,850 29,506 32,785 32,785 32,785 32,785 16,392 32,785 32,785 32,785 32,785 32,785 32,785 65,570 32,785 32,785 16,392 16,392 32,785 32,785 327,850 16,392 16,392 32,785 32,785 32,785	$ 14,307 32,316 328,875 328,875 328,875 328,875 328,875 26,240 29,445 30,159 30,935 29,791 14,694 30,925 30,229 29,675 29,359 31,085 29,775 59,644 30,232 29,149 14,793 15,091 28,624 28,943 325,488 15,742 14,679 29,412 29,865 31,321

~135~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF BONDS SOLD UNDER REPURCHASE AGREEMENTS

December 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of Securities	Transaction terms	Transaction terms		Amount		Transaction value
	Start Date (Note)	Maturity Date	Interest rate	Type	Par value
DBKAZ 5.25 10/23/29 NORBK 5.094 10/16/29 EBIUH 5.141 11/26/29 BPLN 6.125 PERP AFRFIN 5.55 10/08/29 T 4.25 11/15/34 T 4.125 10/31/29	20241224 20241224 20241224 20241224 20241224 20250102 20250102	20251124 20251124 20251124 20251124 20251124 20250103 20250103	4.60% 4.55% 4.60% 4.80% 4.78% 4.50% 4.60%	Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD) Foreign Bonds (USD)	$ 32,785 32,785 65,570 49,177 16,392 65,570 65,570	$ 30,093 30,197 62,759 44,512 15,058 63,681 64,655
					$ 16,174,430	$ 15,589,881

Note: It’s settlement date.

~136~

PRESIDENT SECURITIES CORPORATION STATEMENT OF BROKERAGE HANDLING FEE REVENUE

FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Month 1 2 3 4 5 6 7 8 9 10 11 12 Total	Revenues from brokered trading Brokerage business of securities at the TWSE markets Brokerage business of securities at the OTC markets $ 186,787 $ 60,142 140,315 56,110 288,111 87,853 232,996 67,882 271,187 77,700 251,945 76,251 293,388 88,098 221,255 78,516 174,575 69,991 176,171 64,294 191,766 59,050 214,011 70,769 $ 2,642,507$ 856,656	Commission revenue from short sales $ 976 807 1,249 1,225 1,306 1,100 1,301 1,278 1,162 816 1,279 1,253 $ 13,752	Other commission revenue $ 22,465 21,805 22,460 16,501 24,843 26,371 36,336 38,724 18,060 20,417 23,868 25,827 $ 297,677	Total $ 270,370 219,037 399,673 318,604 375,036 355,667 419,123 339,773 263,788 261,698 275,963 311,860 $ 3,810,592	Remark
	Brokerage business of securities at the TWSE markets $ 186,787 140,315 288,111 232,996 271,187 251,945 293,388 221,255 174,575 176,171 191,766 214,011 $ 2,642,507

~137~

PRESIDENT SECURITIES CORPORATION STATEMENT OF REVENUES FROM UNDERWRITING BUSINESS

FOR THE YEAR ENDED DECEMBER 31, 2024

(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 $ 2,878 2,974 6,545 34 9,666 5,995 4,856 7,021 202 4,395 1,487 7,285 $ 53,338	Revenue from underwriting processingfees $ 8,432 394 3,488 85 597 3,345 1,458 619 822 1,352 3,376 7,859 $ 31,827	Revenue from underwriting advisoryfees $ 470 520 520 520 500 4,720 470 470 470 470 ( 1,730 ) 470 $ 7,870	Other revenue $ 4,321 328 1,094 4,508 259 2,115 2,389 315 2,574 3,797 228 1,624 $ 23,552	Total $ 16,101 4,216 11,647 5,147 11,022 16,175 9,173 8,425 4,068 10,014 3,361 17,238 $ 116,587	Remark

~138~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF NET GAIN (LOSS) ON SALE OF TRADING SECURITIES FOR THE YEAR ENDED DECEMBER 31, 2024

	FOR THE YEAR ENDED DECEMBER 31, 2024
Item	(Expressed in thousands of New Taiwan dollars) Revenue from sale of trading securities Cost from sale of tradingsecurities Gain (loss) on sale of trading securities $ 106,919,045 ( $ 103,311,929 ) $ 3,607,116 68,937,798 ( 68,686,002 ) 251,796 175,856,843 ( 171,997,931 ) 3,858,912 26,233,996 ( 25,942,898 ) 291,098 55,704,762 ( 55,520,919 ) 183,843 84,936,726 ( 84,912,189 ) 24,537 166,875,484 ( 166,376,006 ) 499,478 189,112,793 ( 188,716,686 ) 396,107 531,845,120 ( 527,090,623 ) 4,754,497 138,577 ( 85,767 ) 52,810 138,577 ( 85,767 ) 52,810 175,930 ( 95,697 ) 80,233 248,853 ( 186,456 ) 62,397 424,783 ( 282,153 ) 142,630 563,360 ( 367,920 ) 195,440 126,560,780 ( 124,396,589 ) 2,164,191 313,171 ( 271,059 ) 42,112 126,873,951 ( 124,667,648 ) 2,206,303 13,104,187 ( 12,637,289 ) 466,898 32,605,480 ( 32,523,284 ) 82,196 8,916,610 ( 8,733,845 ) 182,765 54,626,277 ( 53,894,418 ) 731,859 1,114,859 ( 1,025,513 ) 89,346 182,615,087 ( 179,587,579 ) 3,027,508 $ 715,023,567 ($ 707,046,122 )$ 7,977,445	Remark
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

~139~

PRESIDENT SECURITIES CORPORATION

STATEMENT OF INTEREST REVENUE

FOR THE YEAR ENDED DECEMBER 31, 2024

PRESIDENT SECURITIES CORPORATION STATEMENT OF INTEREST REVENUE FOR THE YEAR ENDED DECEMBER 31, 2024
(Expressed in thousands of New Taiwan dollars) Item Description Amount Interest income from margin loans $ 1,020,256 Interest income from bonds 807,852 Others interest income 393,629 Total $ 2,221,737	Remark

~140~

PRESIDENT SECURITIES CORPORATION STATEMENT OF FINANCIAL COSTS

FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Interest expense from repurchase agreements Loans interest expense Other interest expense Total	Description	Amount	Remark
		$ 638,497 782,338 96,001
		$ 1,516,836

~141~

PRESIDENT SECURITIES CORPORATION

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

FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Employee benefits expense Salaries Labor and health insurance Pension Directors’ remuneration Other employee benefits Depreciation expenses Amortization expenses Other operating expenses	Year ended December 31,2024 $ 3,157,400 164,072 83,940 102,636 108,013 233,449 84,879 2,170,821	Year ended December 31,2023 $ 2,350,962 140,343 69,982 107,263 104,041 209,372 66,329 1,877,364	Remark

Note:

In 2024 and 2023, the Company had 1,516 and 1,439 employees, respectively, in which directors not concurrently serving as employees were 12 and 19, respectively.
The annual individual or individual financial report should additionally disclose the following information:
(1) The average employee benefit expense was $2,336 for the year ended December 31, 2024 (“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 $1,887 for the year ended December 31, 2023 (“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 $2,099 (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 $1,656 (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 26.75% (“average salary in this year minus average salary in the previous year” /average salary in the previous year).
For the years ended December 31, 2024 and 2023, director’ remuneration - service payment (under “other operating expense”) were $1,176 and $1,165, respectively.
For the years ended December 31, 2024 and 2023, 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.

~142~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

FINANCIAL STATEMENTS AND INDEPENDENT

AUDITOR’S REPORT

DECEMBER 31, 2024 AND 2023

~143~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Assets	December 31, 2024 AMOUNT % `$` `1,937,718` `37` `3,359,076` `63` `5,012` `-` `5,301,806` `100` `5,602` `-` `5,529` `-` `13,360` `-` `24,491` `-` `$` `5,326,297` `100` `$` `-` `-` `194` `-` `110,486` `2` `110,680` `2` `2,079,545` `39` `2,079,545` `39` `2,190,225` `41` `2,300,000` `43` `65,591` `1` `770,481` `15` `3,136,072` `59` `$` `5,326,297` `100`	December 31, 2023	December 31, 2023
	AMOUNT `$` `1,937,718` `3,359,076` `5,012` `5,301,806` `5,602` `5,529` `13,360` `24,491` `$` `5,326,297` `$` `-` `194` `110,486` `110,680` `2,079,545` `2,079,545` `2,190,225` `2,300,000` `65,591` `770,481` `3,136,072` `$` `5,326,297`	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`	%
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			`22` `78` `-`
			`100`
			`-` `-` `-`
			`-`
			`100`
			`-` `-` `2`
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
			`2`
			`61`
			`61`
			`63`
			`24` `1` `12`
			`37`
			`100`

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

~144~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in thousands of New Taiwan dollars)

Items Year ended December 31
2024
2023
Notes
AMOUNT
%
AMOUNT
%
12
$
424,515
100
$
32,279
100
424,515
100
32,279
100
(
18,229)(
4)(
5,351)(
17)
7
(
12,733)(
3)(
4,677)(
15)
(
152,363)(
36)(
92,787)(
287)
(
5,700)(
1)(
6,243)(
19)
(
131,291)(
31)(
54,836)(
170)
(
320,316)(
75)(
163,894)(
508)
104,199
25 (
131,615)(
408)
48,544
11
30,495
95
152,743
36 (
101,120)(
313)
$
152,743
36 ($
101,120)(
313)
$
152,743
36 ($
101,120)(
313)

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 gain (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.

~145~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

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

1. HISTORY AND ORGANIZATION

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

2. THE DATE OF AUTHORISATION FOR ISSUANCE OF THE FINANCIAL STATEMENTS AND

PROCEDURES FOR AUTHORISATION

These segment financial statements were authorized for issuance by the Board of Directors on February 26, 2025.

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 2024 are as follows:

ecame effective from 2024 are as follows:
New Standards,Interpretations andAmendments 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’	Effective date by International Accounting StandardsBoard
	January 1, 2024 January 1, 2024 January 1, 2024 January 1, 2024

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 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 2025 are as follows:

rom 2025 are as follows:
New Standards, Interpretations and Amendments	Effective date by International Accounting Standards Board
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.

~146~

(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:

Accounting Standards endorsed by the FSC are as follows:

New Standards,Interpretations and Amendments

Effective date by
International Accounting
Standards Board

Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification
and measurement of financial instruments’
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-
dependent electricity’
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
IFRS 18, ‘Presentation and disclosure in financial statements’
IFRS 19, ‘Subsidiaries without public accountability: disclosures’
Annual Improvements to IFRS Accounting Standards—Volume 11

January 1, 2026
January 1, 2026
To be determined by
International Accounting
Standards Board
January 1, 2023
January 1, 2023
January 1, 2023
January 1, 2027
January 1, 2027
January 1, 2026

Except for the following, the above standards and interpretations have no significant impact to the

Segment’s financial condition and financial performance based on the Company’s assessment. IFRS18, ‘Presentation and disclosure in financial statements’

IFRS18, ‘Presentation and disclosure in financial statements’ replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.

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 have 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.

~147~

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

B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC[®] Interpretations, and SIC[®] Interpretation that came into effect as endorsed by the FSC (collectively referred herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 5.
(3) Classification of current and non-current items
A. Assets that meet one of the following criteria are classified as current assets:
- (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) It does not have the right at the end of the reporting period to defer settlement of the liability at least twelve months after the reporting period.

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.

~148~

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 re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet.

(5) Cash and cash equivalents

A. Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other 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.
(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.

~149~

(8) Income tax

A. Current income tax

Income tax payable (refundable) is calculated on the basis of the tax laws enacted in the countries where a company operates and generates taxable income. Except for the transactions or other matters directly recognized in other comprehensive income or equity, in which cases the related income taxes in the period are recognized in other comprehensive income or directly derecognized from equity, all the others should be recognized as income or expense for the period.
B. Deferred income tax
Deferred income tax assets and liabilities are measured based on the tax rate of the anticipated period that the future assets realization or the liabilities settlement requires, which is based on the effective or existing tax rate at the balance sheet date. The carrying amounts and temporary differences of assets and liabilities included in the balance sheet are calculated using the liability method and recognized as deferred income tax. However, the deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor 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.

~150~

5. 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.

6. DETAILS OF SIGNIFICANT ACCOUNT

(1) Cash and cash equivalents

ounts of assets and liabilities within the next TAILS OF SIGNIFICANT ACCOUNT Cash and cash equivalents	financial year.
	December	31,2024		December		31,2023
Current deposits	$	41,221		$		63,520
Time deposits		1,896,497				1,084,449
	$	1,937,718		$		1,147,969
)Financial assets at fair value through profit or loss-current
	December	31,2024		December		31,2023
Investment securities	$	27		$		27
Valuation adjustment	(	27)	(			27)
Subtotal		-				-
Futures guarantee deposits receivable		3,358,908			4,121,639
Options bought		168				91
	$	3,359,076		$	4,121,730

(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, 2024, the operating capital of the Segment is $2,300,000.

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

Subsidiary of the Company PSC: President Futures Corp.

December 31, 2024 December 31, 2023 $ 3,249,793 $ 3,978,069

~151~

B. Settlement fund

Settlement fund
Clearing charges Subsidiary of the Company PSC: President Futures Corp. Subsidiary of the Company PSC: President Futures Corp.	December31,2024 3,000 $ Year ended December 31,2024		December31,2023 3,000 $ Year ended December 31,2023	December31,2023
				3,000 $
		12,733 $	4,677 $

C. Clearing charges

8. Pledged Assets

Assets December 31, 2024 December 31, 2023 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)

~152~

12. DERIVATIVE INSTRUMENT TRANSACTION

(1) Derivative instrument

A. Nominal principal or contract size and credit risk:

		December31,2024	December31,2024	December31,2024
Item Futures contract	Trading category	Openpositions		3,302 $ 3,087 3,005 2,170 3,195 4,779 3,081 2,991 3,013 3,047 2,528 4,015 2,828 2,995 2,961 3,237 3,030 3,056 2,953 3,047 332,049 159,995 3,447 65,710 5,781 13,762 56,856 3,129 9,652 3,167 4,230 3,035 5,071 848 2,902 3,126 2,988 9,451 3,006 12,785 3,064 5,352 3,678 259,260 Contract size or paid for (received from) premium(note)	Fairvalue 2,719 $ 2,925 3,003 2,160 2,832 4,698 2,911 2,912 2,968 3,115 3,096 3,982 2,910 2,923 3,393 3,118 2,898 3,006 2,972 3,053 331,312 159,190 3,455 65,650 6,050 13,759 56,927 3,179 9,720 3,007 4,020 2,931 4,355 864 3,018 2,946 3,103 9,350 3,085 12,760 3,120 5,348 3,660 256,360	Note
		Long/ Short	Number of contracts
	FICAF FICBF FICCF FICDF FICFF FICNF FICUF FIEEF FIEYF FIFVF FIFWF FIGAF FIGOF FIHAF FIGOF FIJSF FIJZF FIKIF FIKKF FILTF FIMTX FIMTX FIMX1 FIMX2 FINVF FINYF FINYF FIOYF FIOZF FIPSF FIPTF FIPYF FIQAF FIQFF FIQHF FIQVF FIRVF FIRWF FISFF FISRF FISVF SXF SXF FITE	Short Short Short Long Short Long Long Long Long Long Long Long Long Long Long Short Long Long Long Short Long Short Short Short Short Long Short Long Long Long Long Short Long Short Short Long Short Long Long Short Long Long Short Short	46 75 35 1 40 60 142 140 200 70 60 28 3 79 9 17 95 33 34 17 287 137 3 57 11 7 29 36 30 21 3 30 13 8 60 30 72 69 50 65 20 13 9 50			Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~153~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		40,396 $ 42,530 450,286 11,611 1,172,275 1,349,071 15,620 3,120 3,185 344,597 1,424 67,290 1,287 1,285 35,482 266 196,527 749,325 1,654 3,717 782 335 1,812 200,823 36,443 6,442 383 16,881 68,272 3,637 683 6,706 319,937 17,934 43 909 211 5,044 6,130 3,021 871 322 1,280 218 704 1,701 23,276 2,543 310 Contract size or paid for (received from) premium(note)	Fair value 39,999 $ 42,352 447,069 11,616 1,172,979 1,346,173 15,480 2,873 2,933 337,019 1,421 66,623 1,285 1,282 35,864 260 196,400 745,810 1,631 3,701 783 308 1,820 198,153 35,049 6,294 381 16,650 67,876 3,696 683 6,545 321,000 17,674 42 904 210 5,296 6,240 2,992 862 317 1,264 223 671 1,643 23,478 2,562 306	Note
		Long/ Short	Number of contracts
	FITF FITJF FITMF FITMF FITX FITX FIUDF FIUFF FIUHF FIUN FIXI FIXI FIZEF FIZEF FICCF FICCF FICDF FICDF FICEF FICKF FICNF FICUF FICXF FICZF FIDAF FIDBF FIDDF FIDHF FIDHF FIDJF FIDOF FIDQF FIDVF FIDXF FIEEF FIEHF FIEMF FIFFF FIFGF FIFQF FIFRF FIFSF FIFTF FIFVF FIFWF FIGCF FIGHF FIGIF FIGKF	Short Short Long Short Long Short Short Short Short Short Long Short Long Short Long Short Long Short Short Short Short Short Long Short Short Short Short Long Short Short Short Short Short Short Short Short Short Short Long Short Short Short Short Short Short Short Long Short Short	19 77 1,935 50 254 290 18 42 47 315 1 47 2 2 418 3 90 345 9 27 10 15 19 438 231 122 16 45 184 3 10 228 113 84 2 4 2 8 2 15 1 6 9 5 13 11 43 7 1			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 Hedge Hedge Hedge Hedge

~154~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		946 $ 669 1,001 2,143 2,209 419 404 6,716 420 309 473 22,984 5,040 3,286 6,121 27,755 2,242 14,179 72 188 18,192 44 134 803 1,094 811 339 2,129 186 82 1,581 10,342 623 5,575 354 3,747 475 1,022 4,274 3,664 304 467 800 4,586 18,754 3,825 162 413 5,322 Contract size or paid for (received from) premium(note)	Fair value 970 $ 675 1,002 2,121 2,327 407 368 6,527 407 305 458 23,024 5,420 3,770 6,279 27,075 2,244 25,916 71 183 17,695 50 122 782 1,100 834 304 2,208 182 83 1,588 10,220 604 5,495 345 3,615 454 1,012 4,338 3,915 299 468 822 4,609 18,600 3,808 157 400 5,469	Note
		Long/ Short	Number of contracts
	FIGOF FIGRF FIGUF FIGWF FIGXF FIHAF FIHBF FIHCF FIHHF FIHIF FIHOF FIHSF FIIJF FIIMF FIIPF FIIRF FIIXF FIIYF FIIZF FIJSF FIJWF FIJXF FIJZF FIKAF FIKBF FIKDF FIKFF FIKGF FIKIF FIKWF FILBF FILEF FILMF FILQF FILRF FILUF FILVF FILWF FILXF FILYF FIMAF FIMBF FIMJF FIMTX FIM1F FINAF FINDF FINLF FINMF	Short Short Short Short Short Short Short Short Short Short Long Short Long Short Short Short Long Short Short Short Short Short Short Short Long Short Long Short Short Long Short Short Short Long Short Short Short Short Short Long Short Short Short Short Short Short Long Long Short	1 3 3 7 6 11 2 66 19 3 2 258 1 10 13 95 11 62 1 1 103 1 4 2 7 3 5 8 2 1 4 10 2 55 10 15 2 1 4 15 1 6 1 4 96 17 1 2 29			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

~155~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		556 $ 5,483 10,675 19,761 373 44,085 77,608 5,450 202,869 4,128 1,290 6,452 9,630 174 3,603 2,031 77 383 61,749 79,724 4,813 598 237 873 24,799 91,778 96,854 33,418 2,010 8,619 8,771 3,422 41,618 226 280 50 119 3,764 823 2,243 737 1,876 2,676 486 1,278 1,025 3,511 150 10,305 Contract size or paid for (received from) premium(note)	Fair value 536 $ 5,530 10,997 19,630 355 44,408 81,300 5,343 212,076 4,088 1,358 7,011 9,228 177 3,568 2,063 76 380 63,036 81,444 4,800 585 235 879 23,341 93,788 97,640 33,992 1,954 8,402 7,704 3,465 41,773 226 283 50 112 3,729 790 2,350 742 1,910 2,613 486 1,248 980 3,534 154 10,582	Note
		Long/ Short	Number of contracts
	FINOF FINQF FINVF FINYF FIOHF FIOJF FIOLF FIOOF FIOPF FIOQF FIORF FIOTF FIOVF FIOYF FIOZF FIPAF FIPBF FIPBF FIPJF FIPJF FIPNF FIPPF FIPQF FIPRF FIPSF FIPTF FIPUF FIPWF FIPXF FIPYF FIQAF FIQEF FIQFF FIQGF FIQGF FIQHF FIQIF FIQJF FIQLF FIQMF FIQNF FIQRF FIQWF FIQXF FIRAF FIRBF FIRFF FIRGF FIRKF	Long Short Short Short Short Short Short Short Short Short Long Short Short Short Short Short Long Short Long Short Short Short Long Long Short Long Short Short Short Short Short Short Short Long Short Short Short Short Short Short Long Short Long Long Short Short Short Long Short	2 7 20 10 1 191 300 41 137 7 10 9 27 2 11 4 2 10 51 66 24 5 2 4 163 70 687 129 1 86 23 64 386 4 5 1 10 73 2 71 14 31 13 3 1 4 18 1 22			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

~156~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		187 $ 13,913 2,593 1,607 135 8,855 1,205,575 7,964 5,932 1,964 324 637 2,005 359 5,794 753 259 409,382 3,127 2,723 313 6,679 12,672 36,944 28,180 82,989 5,812 1,506 10,427 150 2,856 404 4,474 486 3,351 1,004 315 4,961 6,260 8,705 868 4,966 6,972 50,129 1,369 4,108 3,432 4,922 5,376 Contract size or paid for (received from) premium(note)	Fair value 179 $ 14,071 2,632 1,722 136 8,943 1,185,466 8,085 6,192 1,976 326 636 1,993 354 6,084 724 243 405,574 3,059 2,694 298 5,674 12,012 37,470 28,080 82,460 5,617 1,420 9,487 150 2,714 411 4,406 487 3,289 970 317 4,760 5,998 8,180 811 5,077 6,833 49,268 1,364 4,076 3,427 4,788 4,616	Note
		Long/ Short	Number of contracts
	FIRLF FIRSF FIRUF FIRVF FIRWF FIRWF FIRZF FISAF FISEF FISFF FISIF FISJF FISLF FISQF FISVF FISWF FISZF FITX FIUHF FIUJF FIUKF FICAF FICBF FICCF FICDF FICDF FICEF FICFF FICFF FICLF FICHF FICKF FICLF FICMF FICNF FICQF FICRF FICSF FICSF FICUF FICWF FICXF FICYF FICZF FIDAF FIDBF FIDDF FIDFF FIDGF	Long Short Long Short Long Short Short Short Short Short Short Short Long Short Short Long Long Short Short Short Short Short Short Long Long Short Long Long Short Short Short Long Long Long Long Long Long Long Short Long Short Short Short Short Short Long Long Long Short	5 42 8 40 1 66 4,120 15 80 32 1 3 73 1 39 44 5 88 49 17 1 96 308 436 13 38 31 20 134 2 92 3 57 14 42 6 5 100 126 399 12 53 117 109 9 79 144 76 85			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 Trade Trade Trade Trade Trade Trade Trade Trade

~157~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		48,127 $ 903 3,696 2,861 248 218 6,439 7,485 168,494 1,082 33,191 211 8,549 90 1,121 2,949 518 3,297 465 922 1,263 1,013 1,051 14,227 445 4,694 2,060 7,935 2,517 8,073 709 713 6,484 1,063 3,506 591 1,198 6,316 2,097 3,042 598 4,337 1,784 101 5,595 4,357 2,634 1,036 3,207 Contract size or paid for (received from) premium(note)	Fair value 47,472 $ 830 3,696 2,870 247 216 5,941 7,712 167,790 1,050 31,231 206 8,237 88 1,130 2,772 524 3,150 422 848 1,324 986 1,014 14,654 423 4,633 2,092 9,288 2,550 7,139 711 709 6,125 1,098 3,672 583 1,283 6,790 2,025 3,006 599 4,242 1,940 102 5,547 4,218 2,573 1,088 2,972	Note
		Long/ Short	Number of contracts
	FIDHF FIDIF FIDJF FIDKF FIDLF FIDPF FIDQF FIDSF FIDVF FIDXF FIDYF FIDZF FIEEF FIEGF FIEHF FIEKF FIEMF FIEZF FIFCF FIFEF FIFFF FIFKF FIFNF FIFRF FIFSF FIFTF FIFVF FIFWF FIFY1 FIFZF FIGAF FIGAF FIGCF FIGIF FIGKF FIGLF FIGNF FIGOF FIGRF FIGUF FIGVF FIGWF FIGXF FIGYF FIG2F FIHAF FIHBF FIHCF FIHLF	Long Short Long Short Short Short Short Short Short Long Short Short Long Short Short Long Short Long Short Long Short Short Short Short Short Long Long Long Long Long Long Short Short Short Long Short Short Short Long Short Short Short Long Short Short Long Short Short Short	129 21 3 5 1 4 207 97 59 5 387 2 396 6 5 99 5 31 12 14 2 10 10 17 8 33 47 180 43 242 5 5 41 3 12 4 21 7 9 9 8 14 5 1 11 114 14 11 34			Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~158~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		107 $ 739 30 384 5,030 4,375 9,696 472 8,056 10,720 621 9,607 822 1,933 2,750 41,580 81 3,502 1,477 356 11,255 2,744 939 984 544 3,429 324 1,759 5,569 4,081 2,272 590 361 1,666 311 398 697 3,056 1,625 549 18,741 4,845 1,798 1,472 5,289 2,106 3,615 964 78 Contract size or paid for (received from) premium(note)	Fair value 100 $ 714 30 374 5,420 4,524 10,060 483 8,284 10,260 606 9,792 836 1,977 2,710 42,980 77 3,430 1,467 344 10,675 2,737 943 988 556 3,488 304 1,932 5,466 4,108 1,995 592 342 1,434 330 397 681 3,066 1,510 534 18,896 4,658 1,796 1,446 5,060 2,172 3,900 1,044 78	Note
		Long/ Short	Number of contracts
	FIHQF FIHSF FIIAF FIIIF FIIJF FIIMF FIIOF FIIPF FIIQF FIIRF FIITF FIIXF FIIYF FIIZF FIJBF FIJMF FIJNF FIJPF FIJSF FIJWF FIJZF FIKAF FIKBF FIKCF FIKDF FIKEF FIKFF FIKGF FIKIF FIKKF FIKLF FIKOF FIKPF FIKUF FIKWF FILBF FILCF FILEF FILMF FILOF FILQF FILRF FILTF FILUF FILWF FILXF FILYF FILYF FIMBF	Short Long Short Long Short Long Long Short Short Short Short Long Short Long Short Short Short Long Short Short Long Long Short Short Short Long Short Short Long Long Short Short Short Short Short Short Short Long Short Short Long Long Short Short Short Short Long Short Short	2 8 1 3 1 12 10 1 38 36 3 48 2 28 1 14 1 25 8 2 350 7 6 4 2 16 5 7 60 47 27 2 4 44 4 1 3 3 5 11 189 135 10 6 5 2 15 4 1			Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~159~

December 31, 2024

Item	Trading category	Openpositions	Openpositions	3,264 $ 1,920 141 64,542 523,365 12,558 7,594 218 4,331 1,443 7,910 86 6,248 3,056 2,274 3,928 786 4,338 428 7,443 32,923 116,858 19,709 3,195 134 1,330 13,470 589 726 4,227 10,184 18,495 10,871 5,076 6,156 33,099 5,582 5,774 2,109 220 3,433 21,170 6,230 87 161 250 4,651 10,711 402 Contract size or paid for (received from) premium(note)	Fair value 3,288 $ 1,949 135 64,523 521,298 12,668 7,600 224 4,320 1,484 7,315 88 6,324 3,000 2,263 3,752 790 4,345 351 7,700 37,100 115,817 19,655 3,195 135 1,355 13,932 584 815 4,674 9,307 17,784 10,668 5,298 6,358 33,110 5,676 5,601 2,165 216 3,367 20,978 6,180 85 162 246 4,800 10,647 440	Note
		Long/ Short	Number of contracts
	FIMJF FIMKF FIMQF FIMTX FIMTX FIMX1 FIMYF FINAF FINBF FINEF FINGF FINIF FINJF FINLF FINMF FINOF FINQF FINSF FINUF FINVF FINWF FINYF FINYF FIODF FIOEF FIOLF FIOPF FIOQF FIORF FIOTF FIOUF FIOVF FIOWF FIOXF FIOYF FIOZF FIPAF FIPBF FIPCF FIPEF FIPGF FIPJF FIPJF FIPKF FIPLF FIPMF FIPNF FIPPF FIPRF	Short Long Short Long Short Long Long Short Long Short Long Short Short Long Long Short Short Long Short Short Short Long Short Long Short Short Short Short Short Long Long Short Long Long Long Long Long Short Long Short Short Long Short Short Short Short Short Long Short	4 9 1 56 451 11 19 1 12 14 48 1 68 15 12 14 1 34 4 14 35 59 10 15 8 5 9 1 6 6 53 52 14 3 72 102 11 147 12 2 61 17 5 1 3 1 24 91 2			Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~160~

		December 31,2024	December 31,2024	December 31,2024
Item	Trading category	Openpositions		5,347 $ 2,653 423 1,560 699 6,086 599 229 627 3,135 57 373 10,127 60 2,083 4,163 272 224 4,093 373 3,033 191 3,847 6,256 3,926 5,744 193 6,604 7,529 5,056 3,632 608 269 1,490 3,832 296 8,100 5,762 202 3,141 2,869 3,380 1,696 4,774 1,505 1,104 208,817 1,080 36 Contract size or paid for (received from) premium(note)	Fair value 5,155 $ 2,656 426 1,581 684 5,360 588 233 585 3,132 57 370 9,811 59 1,975 3,950 318 221 4,236 370 3,052 188 3,633 6,030 3,888 5,680 190 6,742 7,500 4,992 3,675 631 264 1,411 3,940 307 7,980 5,772 179 2,958 3,024 3,497 1,675 4,598 1,552 1,084 210,417 1,078 33	Note
		Long/ Short	Number of contracts
	FIPSF FIPTF FIPUF FIPWF FIPYF FIPZF FIQBF FIQCF FIQDF FIQFF FIQGF FIQIF FIQJF FIQKF FIQLF FIQLF FIQNF FIQOF FIQQF FIQRF FIQTF FIQUF FIQVF FIQWF FIQXF FIQYF FIQZF FIQZF FIRAF FIRAF FIRBF FIRCF FIRDF FIREF FIRFF FIRGF FIRJF FIRKF FIRLF FIRNF FIROF FIRRF FIRSF FIRUF FIRVF FIRWF FIRZF FISAF FISBF	Long Long Short Short Short Long Short Short Short Short Long Short Long Long Long Short Short Short Long Long Long Short Long Long Short Long Long Short Long Short Long Short Short Short Long Short Long Long Short Short Long Long Short Long Short Long Short Short Short	36 2 3 6 7 16 7 2 3 29 1 33 192 1 5 10 6 4 30 6 26 3 37 30 24 79 6 212 6 4 15 7 4 8 20 2 90 12 5 17 16 70 5 14 36 8 730 2 1			Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade Trade

~161~

		December 31,2024	December 31,2024	December 31,2024
Item Options contract	Trading category	Openpositions		3,378 $ 4,852 152 431 1,288 3,402 4,437 1,791 42,434 1,085 299 30,671 18,919 267,143 481,804 400 8,118 1,404 382 70 314 316 631 631 1,579 1,582 9,734 16,470 43,236 2,625 330,247 15,637 86 83 10 Contract size or paid for (received from) premium(note)	Fair value 3,467 $ 4,944 155 432 1,302 3,392 4,505 1,768 42,246 1,092 292 30,763 18,947 267,310 480,854 448 7,592 1,412 374 71 317 318 643 641 1,579 1,583 9,788 16,425 43,282 2,627 321,511 15,461 60 98 10	Note
		Long/ Short	Number of contracts
	FISCF FISDF FISEF FISFF FISIF FISJF FISLF FISQF FISRF FISVF FISZF FITE FITF FITX FITX FIUCF FIUFF FIUGF FIUHF FIUIF FIUJF FIUJF FIZEF FIZEF FIZFF FIZFF FIBRF CUS JNM JY MNQ MYM TX1 call TX1 put TXO call	Long Long Long Long Short Long Short Short Short Long Long Short Long Long Short Short Short Short Long Long Long Short Long Short Long Short Long Long Long Short Long Long Long Long Long	107 16 2 7 4 16 165 5 215 7 6 6 9 58 104 2 111 1 6 1 2 2 1 1 3 3 4 5 74 1 231 22 50 50 3			Trade Trade Trade Trade Trade Trade Trade Trade 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

~162~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~163~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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 FITEF 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

~164~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~165~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~166~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~167~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~168~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~169~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~170~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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

~171~

		December 31,2023	December 31,2023	December 31,2023
Item	Trading category	Openpositions		Contract size or paid for (received from) premium	Fair value	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 FIZFF 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

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.

~172~

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:

December 31, 2024 USD EUR HKD JPY RMB Others Total Financial assets in foreign currencies Futures guarantee deposits receivable $ 40,914 $ 1,690 $ 8,996 $ 4,818 $ 12,054 $ 15,065 $ 83,537 Note: As of December 31, 2024, foreign exchange rates of the above currencies to TWD were 1 USD = 32.785 TWD; 1 EUR= 34.140 TWD; 1 HKD= 4.222 TWD; 1 JPY= 0.210 TWD; and 1 RMB= 4.478 TWD, respectively.

USD EUR HKD JPY RMB Others Financial assets in foreign currencies Futures guarantee deposits receivable 30,573 $ 706) ($ 16,193 $ 2,953 $ 11,296 $ 25,526 $ December31,2023 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.			December31,2023
					Total
					85,836 $

~173~

C. The amount, period and uncertainty of liquidity risk, cash flow risk and future cash demand: As of December 31, 2024, 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	December31,2024 3,358,908 $ 2,539,376 $ Year ended December 31,2024	December31,2023 4,121,639 $ 3,469,589 $ Year ended December 31,2023
	2,352,951 $ 91,193 1,921,875) ( 97,754) ( 424,515 $	576,101 $ 185,035 599,098) ( 129,759) ( 32,279 $

(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

~174~

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, 2024 and 2023, 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)

~175~

	December 31,2024	December 31,2024
Total 3,359,076 $	Level 1 Level 2 3,359,076 $ - December 31,2023		Level 3
			-
Total 4,121,730 $ 2,187	Level 1 4,121,730 $ 2,187	Level 2 - -	Level 3
			- -

~176~

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

IMPLEMENTATION

Article	Calculation formula	December 31, 2024	December 31, 2024	December 31, 2023	December 31, 2023	Standard	Enforcement
		Calculation	Ratio	Calculation	Ratio
17	Stockholders’equity	3,136,072 110,680	28.33	1,983,329 69,475	28.55	≧1	Met the requirement
	(Total liability－futures trader’s equity)
17	Current assets	5,301,806 110,680	47.90	5,271,642 69,475	75.88	≧1	Met the requirement
	Current liabilities
22	Stockholders’equity	3,136,072 400,000	784.02%	1,983,329 400,000	495.83%	≧60% ≧40%	Met the requirement
	Minimumpaid-in capital
22	Adjustednet capital	2,661,069 819,533	324.71%	1,587,756 652,050	243.50%	≧20% ≧15%	Met the requirement
	Total amount of customer margins required for the openpositions of futures traders

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.

~177~

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)

~178~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

STATEMENT OF CASH AND CASH EQUIVALENTS

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

	DECEMBER 31, 2024 (Expressed in thousands of New Taiwan dollars)
Item Current deposits Deposits denominated in NTD Deposits denominated in foreign currencies Time deposits Deposits denominated in NTD Deposits denominated in foreign currencies Total	Description USD 166 thousands, exchange rate: 32.785 HKD 6,233 thousands, exchange rate: 4.222 Maturity Date: January 1, 2025 to December 20, 2025 Interest rates: 0.665%~1.720% USD 4,200 thousands, exchange rate: 32.785 Maturity Date: January 8, 2025 to January 13, 2025 Interest rates: 4.800%~4.830%	Amount $ 9,474 31,747 1,758,800 137,697 $ 1,937,718	Remark

~179~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

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

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of financial instrument	Description	Shares or certificates 50 50 3	Par value (dollar)	Total amount	Interest rate(%)	Cost `＄` 27 3,358,908 86 83 10 179 `＄` 3,359,114	Fair value Unit price (dollars) Total amount `＄` - 3,358,908 60 98 10 168 `＄` 3,359,076	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 TXO Call Total	Long Long Long								Hedge Hedge Trade

~180~

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

DECEMBER 31, 2024

(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 `＄` 3,199,548 31,246 4,818 258 390 1,690 11,843 3,249,793 40,211 20,150 10,955 12,808 3,719 8,738 211 56,581 15,463 ( 3,140 ) 12,323 ＄ 3,358,908	Remark
	Futures guarantee deposits receivable Futures guarantee deposits receivable Futures guarantee deposits receivable Futures guarantee deposits receivable	TWD USD JPY HKD GBP EUR RMB TWD TWD VND USD THB HKD RMB TWD USD	`＄` 953 22,946 61 9 50 2,646 8,566,522 391 3,864 2,070 47 ( 96 )	32.785 0.210 4.222 41.190 34.140 4.478 0.001 32.785 0.962 4.222 4.478 32.785

~181~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF OTHER RECEIVABLES

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item	Description Time deposit interest Monetary incentives	Amount $ 4,991 21 $ 5,012	Remark
Interest receivable Other receivable Total

~182~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF CHANGES IN PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2024

	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024
Item	(Expressed in thousands of New Taiwan dollars) Beginning balance Increased Decreased Ending balance $ 7,679 $ 3,602 ( $ 1,729) $ 9,552 - 398 - 398 $ 7,679 $ 4,000 ( $ 1,729) $ 9,950				Collateral	Remark
Computer equipment Leasehold improvements Total	$ 7,679 -	$ 3,602 398	( $ 1,729) -	$ 9,552 398	No No
	$ 7,679	$ 4,000	( $ 1,729)	$ 9,950

~183~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT

STATEMENT OF CHANGES IN ACCUMULATED DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT FOR THE YEAR ENDED DECEMBER 31, 2024

	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024
Item	(Expressed in thousands of New Taiwan dollars) Beginningbalance Increased Decreased ( $ 3,929) ( $ 2,135) $ 1,729 - ( 13) - ( $ 3,929) ( $ 2,148) $ 1,729			Endingbalance ( $ 4,335) ( 13) ( $ 4,348)	Remark
Computer equipment Leasehold improvements Total	( $ 3,929) -	( $ 2,135) ( 13)			Note 1 Note 2
	( $ 3,929)	( $ 2,148)	$ 1,729

Note 1: The useful lives of computer equipment are 3 to 5 years. Note 2: The useful lives of leasehold improvements are 5 years.

~184~

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

FOR THE YEAR ENDED DECEMBER 31, 2024

	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024	FOR THE YEAR ENDED DECEMBER 31, 2024
Item	(Expressed in thousands of New Taiwan dollars) Beginning balance Increased Decreased $ 9,081$ -( $ 3,552)			Endingbalance	Remark
Computer software	$ 9,081	$ -	( $ 3,552)	$ 5,529	Note

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

~185~

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

DECEMBER 31, 2024

(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

~186~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF ACCOUNTS PAYABLE

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Name of client Non-related parties: National Taxation Bureau	Description Futures exchange tax	Amount $ 194	Remark

~187~

PRESIDENT SECURITIES CORPORATION - FUTURES SEGMENT STATEMENT OF OTHER PAYABLES

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Service charge payable Clearance fee payable Salaries payable Bonuses payable Others Total	Description	Amount $ 2,768 1,341 2,092 103,774 511 $ 110,486	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.

~188~

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

DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Inter-department account Total	Description Futures margin - hedged ( Futures margin - non-hedged Others	Amount $ 8,234,771 ) 10,311,770 2,546 $ 2,079,545	Remark

~189~

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

FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Gain from derivatives Futures contract gain - non-hedged Futures contract gain - non-hedged Subtotal Option trading gain - non-hedged Option trading gain - non-hedged Subtotal Total Loss from derivatives Futures contract loss - non-hedged Futures contract loss - non-hedged Subtotal Option trading loss - non-hedged Option trading loss - non-hedged Subtotal Total Total	Description Amount Realised `＄` 2,340,851 Unrealised 12,100 2,352,951 Realised 91,439 Unrealised ( 246 ) 91,193 2,444,144 Realised ( 1,913,085 ) Unrealised ( 8,790 ) ( 1,921,875 ) Realised ( 97,770 ) Unrealised 16 ( 97,754 ) ( 2,019,629 ) `＄` 424,515	Remark

~190~

PRESIDENT SECURITIES CORPORATION- FUTURES SEGMENT

STATEMENT OF EMPLOYEE BENEFITS, DEPRECIATION, AMORTIZATION, AND OTHER OPERATING EXPENSES FOR THE YEAR ENDED DECEMBER 31, 2024

(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 31,2024 $ 145,383 3,609 1,443 1,928 2,148 3,552 131,291 $ 289,354	Year ended December 31,2023 $ 86,211 3,569 1,669 1,338 2,123 4,120 54,836 $ 153,866	Remark

Note `：`

For the years ended December 31, 2024 and 2023, the Segment had 22 employees in both years, 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 $6,926 for the year ended December 31, 2024 (“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 $4,218 for the year ended December 31, 2023 (“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 $6,608 (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 $3,919 (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 68.61% (“average salary in this year minus average salary in the previous year” /average salary in the previous year).
For the years ended December 31, 2024 and 2023, 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.

~191~

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

FOR THE YEAR ENDED DECEMBER 31, 2024

(Expressed in thousands of New Taiwan dollars)

Item Financial income Net currency exchange gain Monetary incentives from TAIFEX Others Total	Description	Amount $ 22,466 14,132 11,780 166 $ 48,544	Remark

~192~

AI assistant

PSC — Audit Report / Information 2024

52209_rns_2024-12-20_b73be4b7-58ad-4b34-a6a1-a9afb33ba27c.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

Other matter – Reference to the audits of other auditors

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, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION PARENT COMPANY ONLY BALANCE SHEETS DECEMBER 31, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME

YEARS ENDED DECEMBER 31, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY YEARS ENDED DECEMBER 31, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION

PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2024 AND 2023

PRESIDENT SECURITIES CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

1. HISTORY AND ORGANIZATION

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

5) Cash and cash equivalents

12) Offsetting financial instruments

17) Intangible assets

18) Impairment of non-financial assets

19) Financial liabilities at fair value through profit or loss

21) Employee benefits

22) Revenues and expenses

24) Share capital

25) Earnings per share

5. CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF

ASSUMPTION UNCERTAINTY

B. Expected credit losses

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

8) Transfer of financial assets

9) Offsetting financial assets and financial liabilities

(1) Financial assets

(2) Financial liabilities

10) Investments accounted for under the equity method

Balance sheet

Statement of comprehensive income

11) Property and equipment

13) Leasing arrangements – lessor

14) Investment property

15) Intangible assets

Year ended December 31, 2023

16) Other non-current assets

17) Short-term loans

18) Commercial papers payable

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

20) Bonds sold under repurchase agreements

24) Other liabilities - non-current

25) Pension plan

26) Equity

A. Common stock

C. Legal reserve

29) Revenues from underwriting business

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

37) Net gain (loss) from derivatives

PSC Audit Report / Information 2024

`–` a. Lease liabilities current

`–` b. Lease liabilities non-current