PSC — Interim / Quarterly Report 2022

Jun 24, 2022

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2022.06.24

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• This document may contain forward-looking statements, including but not limited to statements that address activities, events or developments that the Company expects or anticipates to occur in the future. All statements are made according to the projection of future operation and various political, economic and market factors beyond the Company’s control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.

• The financial information provided in the document has not fully been reviewed by accountant.

• This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer.

• All texts, images, illustrations and other material are subject to copyright held by President Securities Corp. Any reproduction, dissemination, transmission, and forwarding is strictly prohibited without the express written permission of President Securities Corp.

President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Global Economic Overview

Amid the epidemic and war, global prices are rising.

• The IMF lowered its forecast for global economic growth in 2022 to 3.6% (down 0.8%).

• Inflation has gradually replaced the impact of the epidemic as a new challenge for the global economy.

• Stocks gyrated after the Fed raises interest rates to fight inflation.

• The annual growth rate of the US consumer price index reached 8.6%, the highest in nearly 40 years.

• With no sign of short-term inflation slowing, the Fed raised interest rates three yards in mid-June.

China's economic development hit by lockdown policy.

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• China's manufacturing PMI index was 49.6 in May, showing that China's manufacturing industry has not yet escaped the trough of the recession.

• The continued contraction of business activities will continue to pose a threat to the recovery of China's overall market.

• The local epidemic and inflation hit the domestic demand market in Taiwan.

• • GDP growth for 2022 was revised down to 3.91%. (down 0.5%).

• Taiwan's central bank raised interest rates by half a notch and raised the deposit reserve ratio by a

• notch to curb inflation and stabilize prices in mid-June.

• President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Brief Introduction

Product and Services

Brokerage, Proprietary Trading, Underwriting, Fixed Income Dealing, Financial Products, Shareholder Services, Wealth Management & Trust, Offshore Securities Units

Capital

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NTD 145.58 Billion

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Number of Branches

Number of PRESIDENT employees SECURITIES 1,713 CORPORATION

31

Affiliated Companies

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President Futures Co.,LTD Uni-President Asset Management Corp. President Capital Management Corp. President Insurance Agency Co., Ltd. PSC Venture Capital Investment Co., Ltd. President Securities (Hong Kong) Limited President Wealth Management (HK) Ltd. President Securities (Nominee) Limited JinYuan President Securities Co.,Ltd.

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Date of Incorporation 1988.12.17

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Consolidated Balance Sheets

ITEM	2022 Q1%2021 Q1%
Current AssetsNon-Current Assets	93,49591%119,90993%9,3669%8,4787%
Total Assets	102,861100%128,387100%71,051100%97,713100%1890%1490%
Current LiabilitiesNon-Current Liabilities
Total Liabilities	71,240100%97,862100%14,55846%13,99846%17,06354%16,52754%
Capital Common StockOther Equity
Total Equity	31,621100%30,525100%

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Consolidated Income Statement

solidated Income	Statement
ITEM	2022 Q1%2021 Q1%
Revenues	879100%2,724100%23226%26210%1,154132%1,44553%
Operating ExpendituresOperating ExpensesOperating IncomeOther Income and CostsIncome Before TaxIncome Tax Expense
	-507-58%1,01737%81%1054%
	-499-57%1,12241%637%1726%
Net Income	-562-64%95035%41647%963%
Other Comprehensive IncomeTotal Comprehensive Income
	-146-17%1,04638%
EPS(NTD)	-0.39-0.65-

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Same Period of 5 Years Operating Performances

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----- Start of picture text ----- 100 MIL35營收 Revenue 淨利 Net Income 27.2425 21.0912.7615 9.25 9.508.794.045 1.15-5-5.62-9.20-152018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 YEAR----- End of picture text -----

資料來源：公開資訊觀測站

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

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Brokerage Business

Marketing activities

By operating the media platform and interacting with customers online, the platform has added 105,000 fans this year.

System planning

The platform completes two-factor authentication and OTP authentication mechanism to ensure the security of customers' electronic transactions.

Business development

Launch "Non-Restricted Purpose Loan (T+0)” application, so that investors can receive the sale of shares on the same day.

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Proprietary Trading

Operations strategy

Global capital markets faced severe volatility and correction in Q1. The department strictly implements the stop loss and substantially reduces the shareholding level.

Future Outlook

The department still prefers a prudent and conservative attitude towards the operation strategy of Taiwan stocks, and gives priority to risk control.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

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Underwriting Business

Fixed Income Dealing

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Treasury holdings

Underwriting performance

Most of the sponsored underwriting cases in the first half of this year have been sent in May, and the underwriting is planned for June to July.

The recent bond market is facing a serious short trend, the bond department has substantially reduced foreign Treasury holdings.

Underwriting strategy

We will actively participate in the layout of bonds with good credit ratings and performance and stock price growth, and accelerate the disposal of old positions to reduce the risk of profit and loss fluctuations.

Operations strategy

Until the market shows signs of stabilization, overall holdings will remain low and hold high-grade bonds to avoid the risk of widening spreads.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Wealth Quantitative Management Trading

Investment trust

Business profile

Non-discretionary Money Trust grew steadily, accounting for 3.87% of the market and ranked No. 7.

Market making business ranked No. 5. Net value per share ranked No. 3.

Business development

Operations strategy

Continue to add overseas cooperative brokers and introduce new products, so that the platform can be traded more products.

In the second half of this year, the proportion of trend strategy trading will be reduced and nondirectional strategy trading will be increased.

Commodity strategy

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Introduction of small bond service to encourage customers to seize the opportunity of bond price refiling for asset allocation.

Financial Product Business

Market share

Share Options Business maintains ranked No. 3.

Structured commodities ranked No. 3. ETNs issuance ranked No. 1.

ETN Business

Under the continuous study of market trends by the product development team, the

"President HSTECH Futures Index

ETN" was launched on May 25 to provide customers with more diversified product choices.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

The Performance of Sustainable Development for 2021

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Awards

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Q&A

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