PSC - Interim / Quarterly Report 2025

PRESIDENT SECURITIES CORPORATION AND

SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REVIEW REPORT SEPTEMBER 30, 2025 AND 2024

For the convenience of readers and for information purpose only, the auditors’ review 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’ review report and financial statements shall prevail.

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INDEPENDENT AUDITORS’ REVIEW REPORT TRANSLATED FROM CHINESE

PWCR25001998

To the Board of Directors and Shareholders of PRESIDENT SECURITIES CORPORATION

Introduction

We have reviewed the accompanying consolidated balance sheets of President Securities Corporation and subsidiaries (the "Group") as at September 30, 2025 and 2024, and the related consolidated statements of comprehensive income for the three months and nine months then ended, as well as the consolidated statements of changes in equity and of cash flows for the nine months then ended and notes to the consolidated financial statements, including a summary of material accounting policies. Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with “Regulations Governing the Preparation of Financial Reports by Securities Firms”, “Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants” and International Accounting Standard 34, “Interim Financial Reporting” that came into effect as endorsed by the Financial Supervisory Commission. Our responsibility is to express a conclusion on these consolidated financial statements based on our reviews.

Scope of Review

Except as stated in the following paragraph, we conducted our reviews in accordance with the Standard on Review Engagements 2410, “Review of Financial Information Performed by the Independent Auditor of the Entity” of the Republic of China. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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Basis for Qualified Conclusion

As explained in Notes 4(3) and 6(13), the financial statements of certain insignificant consolidated subsidiaries and investments accounted for under the equity method were not reviewed by independent auditors. Those statements reflect total assets of $1,595,862 thousand and $1,525,365 thousand, constituting 0.74% and 0.78% of the consolidated total assets, and total liabilities of $76,648 thousand and $59,882 thousand, constituting 0.04% and 0.04% of the consolidated total liabilities as at September 30, 2025 and 2024, and total comprehensive income (loss) of $40,582 thousand, ($10,312) thousand, $77,392 thousand and $12,203 thousand, constituting 1.56%, (1.50%), 2.55% and 0.29% of the consolidated total comprehensive income for the three months and nine months then ended. The balances of such investments accounted for under the equity method as at September 30, 2025 and 2024 were $3,397,824 thousand and $852,964 thousand, respectively; the Group’s share of comprehensive income of associates and joint ventures accounted for under the equity method, including share of profit or loss of associates and joint ventures accounted for under the equity method and share of other comprehensive income of associates and joint ventures accounted for under the equity method, for the three months and nine months then ended were $125,380 thousand, $89,248 thousand, $282,693 thousand, and $275,150 thousand, constituting 4.82%, 12.97%, 9.32% and 6.46% of total consolidated comprehensive income, respectively. Qualified Conclusion

Except for the adjustments to the consolidated financial statements, if any, as might have been determined to be necessary had the financial statements of certain insignificant consolidated subsidiaries and investments accounted for under the equity method been reviewed by independent auditors, as described in the Basis for qualified conclusion section above, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of President Securities Corporation and subsidiaries as at September 30, 2025 and 2024, and of its consolidated financial performance and its consolidated cash flows for the three months and nine months then ended in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Firms”,

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“Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants” and International Accounting Standard No. 34, “Interim Financial Reporting” that came into effect as endorsed by the Financial Supervisory Commission.

Wang, Fang-Yu

Independent Auditors

Kuo, Puo-Ju

For and on behalf of PricewaterhouseCoopers, Taiwan November 13, 2025

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

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

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2025, DECEMBER 31, 2024 AND SEPTEMBER 30, 2024

(Expressed in thousands of New Taiwan dollars)

Assets	Notes	September 30, 2025 AMOUNT % `$` `9,011,345` `4` `76,621,416` `36` `9,212,054` `4` `802,879` `1` `19,728,954` `9` `14,706` `-` `12,241` `-` `18,647,906` `9` `34,873,967` `16` `695,409` `-` `652,783` `-` `289` `-` `29,426,998` `14` `1,097` `-` `70,575` `-` `113,948` `-` `108,998` `-` `4,730,321` `2` `204,725,886` `95` `115,087` `-` `1,559,891` `1` `3,397,824` `2` `2,664,999` `1` `243,083` `-` `181,664` `-` `268,382` `-` `156,339` `-` `1,761,008` `1` `10,348,277` `5` `$` `215,074,163` `100`	December 31, 2024 AMOUNT % `$` `7,720,139` `4` `61,405,082` `32` `4,495,890` `2` `-` `-` `21,935,917` `11` `6,647` `-` `5,513` `-` `18,600,130` `10` `35,545,540` `19` `402,885` `-` `374,439` `-` `338` `-` `29,482,722` `15` `944` `-` `37,168` `-` `100,882` `-` `190` `-` `3,170,687` `2` `183,285,113` `95` `117,671` `-` `1,452,561` `1` `3,611,621` `2` `2,641,569` `1` `222,677` `-` `182,731` `-` `290,626` `-` `132,712` `-` `1,535,916` `1` `10,188,084` `5` `$` `193,473,197` `100`	September 30, 2024	September 30, 2024
		AMOUNT `$` `9,011,345` `76,621,416` `9,212,054` `802,879` `19,728,954` `14,706` `12,241` `18,647,906` `34,873,967` `695,409` `652,783` `289` `29,426,998` `1,097` `70,575` `113,948` `108,998` `4,730,321` `204,725,886` `115,087` `1,559,891` `3,397,824` `2,664,999` `243,083` `181,664` `268,382` `156,339` `1,761,008` `10,348,277` `$` `215,074,163`	AMOUNT `$` `7,720,139` `61,405,082` `4,495,890` `-` `21,935,917` `6,647` `5,513` `18,600,130` `35,545,540` `402,885` `374,439` `338` `29,482,722` `944` `37,168` `100,882` `190` `3,170,687` `183,285,113` `117,671` `1,452,561` `3,611,621` `2,641,569` `222,677` `182,731` `290,626` `132,712` `1,535,916` `10,188,084` `$` `193,473,197`	AMOUNT `$` `8,606,548` `66,707,331` `732,093` `55,045` `21,625,807` `2,270` `1,891` `17,036,699` `33,043,105` `661,732` `610,153` `1,128` `32,837,310` `1,060` `51,483` `81,948` `160` `3,918,860` `185,974,623` `117,742` `1,395,127` `3,502,522` `2,610,500` `213,331` `183,086` `282,415` `131,553` `1,571,143` `10,007,419` `$` `195,982,042`	%
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 114010 Bonds purchased under resale agreements 114030 Margin loans receivable 114040 Refinancing security deposits 114050 Receivables from refinance guaranty 114060 Receivable of securities business money lending 114070 Customer margin account 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 114600 Current tax assets 119000 Other current assets 110000 Total current assets 120000 Non-current assets 122000 Financial assets at fair value through profit or loss - non- current 123200 Financial assets at fair value through other comprehensive income - non-current 124100 Investments accounted for under the equity method 125000 Property and equipment, net 125800 Right-of-use assets 126000 Investment property 127000 Intangible assets 128000 Deferred tax assets 129000 Other assets - non-current 120000 Total non-current assets 906001 Total Assets	6(1) 6(2) 6(3) 6(4) 6(5) 6(6) 6(7) 6(8) 6(8) 6(9) 6(10) 6(2) 6(3) 6(13) 6(14) 6(15) 6(17) 6(18) 6(50) 6(19)				`5` `34` `-` `-` `11` `-` `-` `9` `17` `-` `-` `-` `17` `-` `-` `-` `-` `2`
					`95`
					`-` `1` `2` `1` `-` `-` `-` `-` `1`
					`5`
					`100`

(Continued)

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2025, DECEMBER 31, 2024 AND SEPTEMBER 30, 2024

(Expressed in thousands of New Taiwan dollars)

Liabilities and Equity	Notes	September 30, 2025 AMOUNT % `$` `8,899,887` `4` `23,680,790` `11` `25,960,561` `12` `30,809,573` `14` `1,029,258` `1` `1,407,570` `1` `2,826,387` `1` `34,816,119` `16` `3,686,529` `2` `29,693,177` `14` `2,850` `-` `1,009,743` `1` `2,570,450` `1` `9,619,726` `4` `90,241` `-` `74,986` `-` `217,874` `-` `176,395,721` `82` `1,500,000` `1` `22,255` `-` `159,980` `-` `119,391` `-` `13,054` `-` `1,814,680` `1` `178,210,401` `83` `16,014,145` `8` `91,201` `-` `4,671,304` `2` `10,677,898` `5` `2,687,382` `1` `2,561,485` `1` `36,703,415` `17` `160,347` `-` `36,863,762` `17` `$` `215,074,163` `100`	December 31, 2024 AMOUNT % `$` `8,804,220` `5` `32,969,815 17` `13,536,538` `7` `15,589,881` `8` `1,208,692` `1` `1,707,090` `1` `973,576` `1` `35,522,374 18` `1,973,140` `1` `27,475,583 14` `3,682` `-` `957,998` `1` `2,858,854` `1` `13,801,583` `7` `310,465` `-` `72,104` `-` `89,371` `-` `157,854,966 82` `-` `-` `15,585` `-` `149,590` `-` `21,235` `-` `38,219` `-` `224,629` `-` `158,079,595 82` `14,558,313` `8` `91,261` `-` `4,233,889` `2` `9,803,068` `5` `4,381,105` `2` `2,221,269` `1` `35,288,905 18` `104,697` `-` `35,393,602 18` `$` `193,473,197 100`	September 30, 2024	September 30, 2024
		AMOUNT `$` `8,899,887` `23,680,790` `25,960,561` `30,809,573` `1,029,258` `1,407,570` `2,826,387` `34,816,119` `3,686,529` `29,693,177` `2,850` `1,009,743` `2,570,450` `9,619,726` `90,241` `74,986` `217,874` `176,395,721` `1,500,000` `22,255` `159,980` `119,391` `13,054` `1,814,680` `178,210,401` `16,014,145` `91,201` `4,671,304` `10,677,898` `2,687,382` `2,561,485` `36,703,415` `160,347` `36,863,762` `$` `215,074,163`	AMOUNT `$` `8,804,220` `32,969,815` `13,536,538` `15,589,881` `1,208,692` `1,707,090` `973,576` `35,522,374` `1,973,140` `27,475,583` `3,682` `957,998` `2,858,854` `13,801,583` `310,465` `72,104` `89,371` `157,854,966` `-` `15,585` `149,590` `21,235` `38,219` `224,629` `158,079,595` `14,558,313` `91,261` `4,233,889` `9,803,068` `4,381,105` `2,221,269` `35,288,905` `104,697` `35,393,602` `$` `193,473,197`	AMOUNT `$` `9,304,150` `31,122,534` `13,407,987` `17,800,121` `827,949` `1,083,714` `3,088,615` `32,966,331` `1,861,046` `30,993,322` `2,684` `1,939,325` `2,551,675` `13,965,948` `169,590` `69,390` `138,121` `161,292,502` `-` `15,568` `139,883` `25,828` `37,617` `218,896` `161,511,398` `14,558,313` `91,261` `4,233,889` `9,803,068` `3,616,364` `2,069,193` `34,372,088` `98,556` `34,470,644` `$` `195,982,042`	%
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 214080 Futures traders' equity 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 221200 Long-term loans 225100 Non-current provisions 226000 Non-current lease liabilities 228000 Deferred tax liabilities 229000 Other liabilities-non-current 220000 Total non-current liabilities 906003 Total Liabilities 300000 Equity attributable to owners of the parent company 301000 Capital 301010 Common stock 302000 Capital reserve 304000 Retained earnings 304010 Legal reserve 304020 Special reserve 304040 Unappropriated earnings 305000 Other equity interest 300000 Total 306000 Non-controlling interests 906004 Total Equity 906002 Total liabilities and equity	6(20) 6(21) 6(22) 6(23) 6(7) 6(24) 6(25) 6(26) 6(27) 6(50) 6(28) 6(30) 6(30) 6(30)(31)				`5` `16` `7` `9` `-` `-` `2` `17` `1` `16` `-` `1` `1` `7` `-` `-` `-`
					`82`
					`-` `-` `-` `-` `-`
					`-`
					`82`
					`8` `-` `2` `5` `2` `1`
					`18`
					`-`
					`18`
					`100`

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

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

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

Items	Notes	Three months ended September 30	Three months ended September 30
		2025	2024
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 operating securities 421100 Revenue from providing agency service for stock affairs 421200 Interest income 421300 Dividend income 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 424400 Net gain (loss) from derivatives 425300 Expected credit impairment loss and reversal of impairment gain 428000 Other operating income Total revenues 500000 Expenditures and expenses 501000/ 502000/ 503000 Handling charges 507000 ETNs administrative expenses 521200 Financial costs 524100 Futures commission expense 524300 Expense of clearing and settlement 528000 Other operating expenditure 531000 Employee benefits expense 532000 Depreciation and amortization 533000 Other operating expenses Total expenditures and expenses

(Continued)

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

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

Items	Notes	Threemonths ended September 30	Threemonths ended September 30	Threemonths ended September 30	Ninemonths ended September 30	Ninemonths ended September 30
		2025	2024 % AMOUNT `41` `$` `339,807` `3` `76,996` `7` `246,042` `51` `662,845` `4) (` `119,194) (` `47` `$` `543,651` `6` `$` `11,549` `- (` `3,154)` `4` `29,527` `-` `106,704` `10` `$` `144,626` `57` `$` `688,277` `47` `$` `539,765` `-` `$` `3,886` `57` `$` `685,460` `-` `$` `2,817` `1.34 $` `1.34 $`	2024	2025	2024
		AMOUNT `$` `1,884,389` `122,312` `312,384` `2,319,085` `166,949 ) (` `$` `2,152,136` `$` `269,807` `3,068` `157,698` `20,512` `$` `451,085` `$` `2,603,221` `$` `2,146,459` `$` `5,677` `$` `2,596,230` `$` `6,991` `$`				AMOUNT `$` `3,138,835` `180,678` `684,485` `4,003,998` `384,863 ) (` `$` `3,619,135` `$` `473,319` `11,301` `148,694` `5,402` `$` `638,716` `$` `4,257,851` `$` `3,609,409` `$` `9,726` `$` `4,244,293` `$` `13,558` `$`
Operating profit 601000 Share of the profit or loss of associates and joint ventures accounted for under the equity method 602000 Other gains and losses 902001Profit before tax 701000 Income tax (expense) benefit 902005Net income Other comprehensive income Components of other comprehensive income that will not be reclassified to profit or loss 805540 Net unrealized gain (loss) from investments in equity instruments at fair value through other comprehensive income 805550 Other comprehensive gain (loss) of associates and joint ventures accounted for under the equity method Items may be reclassified to profit of loss subsequently 805610 Translation gain (loss) on the financial statements of foreign operating entities 805615 Net unrealized gain (loss) from investments in debt instruments at fair value through other comprehensive income 805000 Current other comprehensive income (loss) (post-tax) 902006Total current comprehensive income Income attributable to: 913100 Parent company 913200 Non-controlling interests Current comprehensive income (loss) attributable to: 914100 Parent company 914200 Non-controlling interests Earnings per share 975000 Basic earnings per share (in dollars) 985000 Diluted earnings per share (in dollars)	6(13) 6(49) 6(50) `(` 6(51)
		`$`		`$`		`$`

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

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

Notes					Equity attributable	Equity attributable	to owners of the parent	to owners of the parent	to owners of the parent	to owners of the parent	to owners of the parent			Non-controlling interests
	Common stock		Capital reserve		R	etained earnings			Other equityinterest				Total
				Legal reserve		Special reserve	Unappropriated earnings		Exchange differences on translation of foreign financial statements	a f	Unrealised gain or loss on financial ssets measured at air value through other comprehensive income
6(31) 6(31)	`$ 14,558,313` `-` `-` `-` `-` `-` `-` `-` `$ 14,558,313` `$ 14,558,313` `-` `-` `-` `-` `-` `-` `1,455,832` `-` `-` `$ 16,014,145`	`$ 91,261` `-` `-` `-` `-` `-` `-` `-` `$ 91,261` `$ 91,261` `-` `-` `-` `-` `-` `-` `-` `(` `60` `)` `-` `$ 91,201`		`$ 3,959,127` `-` `-` `-` `274,762` `-` `-` `-` `$ 4,233,889` `$ 4,233,889` `-` `-` `-` `437,415` `-` `-` `-` `-` `-` `$ 4,671,304`		`$ 9,253,546` `-` `-` `-` `-` `549,522` `-` `-` `$ 9,803,068` `$ 9,803,068` `-` `-` `-` `-` `874,830` `-` `-` `-` `-` `$ 10,677,898`	`$ 2,752,936` `3,609,409` `-` `3,609,409` `(` `274,762 )` `(` `549,522 )` `(` `1,921,697 )` `-` `$ 3,616,364` `$ 4,381,105` `2,667,008` `-` `2,667,008` `(` `437,415 )` `(` `874,830 )` `(` `1,601,414 )` `(` `1,455,832 )` `8,760` `-` `$ 2,687,382`	`$` `43,973` `-` `148,694` `148,694` `-` `-` `-` `-` `$` `192,667` `$` `200,689` `-` `(` `201,298 )` `(` `201,298 )` `-` `-` `-` `-` `-` `-` `($` `609 )`		`$ 1,390,336` `-` `486,190` `486,190` `-` `-` `-` `-` `$ 1,876,526` `$ 2,020,580` `-` `550,274` `550,274` `-` `-` `-` `-` `(` `8,760 )` `-` `$ 2,562,094`		`$ 32,049,492` `3,609,409` `634,884` `4,244,293` `-` `-` `(` `1,921,697 )` `-` `$ 34,372,088` `$ 35,288,905` `2,667,008` `348,976` `3,015,984` `-` `-` `(` `1,601,414 )` `-` `(` `60 )` `-` `$ 36,703,415`		`$` `92,616` `9,726` `3,832` `13,558` `-` `-` `-` `(` `7,618 )` `$` `98,556` `$ 104,697` `15,586` `3,156` `18,742` `-` `-` `-` `-` `60` `36,848` `$ 160,347`	`$ 32,142,108` `3,619,135` `638,716` `4,257,851` `-` `-` `(` `1,921,697` `)` `(` `7,618` `)` `$ 34,470,644` `$ 35,393,602` `2,682,594` `352,132` `3,034,726` `-` `-` `(` `1,601,414` `)` `-` `-` `36,848` `$ 36,863,762`

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

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PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
Adjustments
Income and expenses having no effect on cash flows
Net valuation (gain) loss on operating securities at fair value
through profit or loss

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

Expected impairment loss and reversal of impairment gain

Depreciation

Amortization

Financial expense

Interest income (include financial income)

Dividend income
Share of the profit of associates and joint ventures accounted
for under the equity method

(Gain) loss on disposal of property and equipment

(Gain) loss from lease modification
(Gain) loss on valuation of non-operating financial
instrument

Changes in assets/liabilities relating to operating activities
Changes in operating assets
Financial assets at fair value through profit or loss
Financial assets at fair value through other comprehensive
income
Bonds purchased under resale agreements
Margin loans receivable
Refinancing security deposits
Receivables from refinance guaranty
Receivable of securities business money lending
Customer margin account
Receivables from security lending
Security lending deposits
Notes receivable
Accounts receivable
Accounts receivable-related parties
Prepayments
Other receivables
Other current assets
Net changes in liabilities relating to operating activities
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
Futures traders’ equity
Equity for each customer in the account
Accounts payable
Advance receipts
Collections on behalf of third parties
Other payables
Other financial liabilities - current
Other current liabilities Nine months ended September 30
Notes
2025
2024
$
3,071,352 $
4,003,998
6(2)(36)
(
1,619,612 )
349,735
6(38)
2,156,854 (
59,558 )
6(42)
(
16,549 ) (
16,403 )
6(47)
209,052
188,725
6(47)
82,160
74,106
6(45)
1,257,679
1,172,029
6(35)(49)
(
2,608,146 ) (
2,107,914 )
(
628,636 ) (
776,470 )
6(13)
(
275,323 ) (
180,678 )
6(14)
328
36
(
26 ) (
52 )
6(49)
(
31,250 )
1,078
(
13,561,226 ) (
13,356,597 )
(
4,649,057 )
2,719,781
(
802,879 ) (
55,045 )
2,222,938 (
4,211,133 )
(
8,059 ) (
288 )
(
6,728 ) (
415 )
(
48,127 ) (
7,789,530 )
671,573 (
12,516,988 )
(
292,524 ) (
210,335 )
(
278,344 ) (
134,448 )
49
347
422,774 (
13,238,252 )
(
153 )
131
(
33,407 ) (
1,937 )
(
17,702 ) (
10,218 )
(
1,559,634 ) (
2,192,988 )
10,267,169
2,996,233
15,219,692 (
1,340,385 )
(
179,434 ) (
93,144 )
(
299,520 ) (
79,790 )
1,852,811
1,456,607
(
706,255 )
12,468,437
1,713,389
1,008,963
1,875,909
13,625,307
(
832 ) (
958 )
51,745
1,324,945
(
317,918 )
276,895
(
4,181,857 )
8,741,929
128,503
54,066

(Continued)

~10~

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Expressed in thousands of New Taiwan dollars)

Cash inflow (outflow) generated from operations
Interest received
Dividends received
Income tax paid
Net cash flows from (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
Net cash flows used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term loans
Increase (decrease) in commercial papers payable
Proceeds from long-term loans
Increase (decrease) in other non-current liabilities
Payments of lease liabilities
Interest paid
Distribution of cash dividends
Changes in non-controlling interest
Net cash flows (used in) from financing activities
Effect of exchange rate changes
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period Nine months ended September 30
Notes
2025
2024
$
9,080,779 ( $
7,910,178 )
2,551,446
1,918,735
1,010,603
976,870
(
643,261 ) (
474,856 )
11,999,567 (
5,489,429 )
6(14)
(
63,459 ) (
55,962 )
6(18)
(
17,209 ) (
17,969 )
(
243,245 ) (
313,029 )
(
128,850 ) (
95,775 )
(
452,763 ) (
482,735 )
95,667
2,359,391
(
9,310,000 )
10,000,000
1,500,000
-
(
26,452 ) (
26,872 )
(
63,242 ) (
58,346 )
(
1,158,914 ) (
1,190,892 )
(
1,601,414 ) (
1,921,697 )
36,848 (
7,618 )
(
10,527,507 )
9,153,966
271,909 (
85,232 )
1,291,206
3,096,570
7,720,139
5,509,978
$
9,011,345 $
8,606,548

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

~11~

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(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 September 30, 2025, the Company had 31 operating branches (including the Head Office), and established Offshore Securities Unit in July 2014.
2) The Company and its subsidiaries (collectively referred herein as the “Group”) are 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 Group were 1,855 and 1,756 as of September 30, 2025 and 2024, respectively.
THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORIZATION
These consolidated financial statements were authorized for issuance by the Board of Directors on November 13, 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 FSC and became effective from 2025 are as follows:

Effective date by International Accounting New Standards, Interpretations and Amendments Standards Board Amendments to IAS 21, ‘Lack of exchangeability’ January 1, 2025

~12~

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

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

New standards, interpretations and amendments endorsed by the FSC and will become effective from 2026 are as follows:

==> picture [458 x 46] intentionally omitted <==

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

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

New Standards,InterpretationsandAmendments	Standards Board
Specific provisions of Amendments to IFRS 9 and IFRS 7, ‘Amendments	January 1, 2026
to the classification and measurement of financial instruments’
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature- dependent electricity’	January 1, 2026
IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendments to IFRS 17, ‘Insurance contracts’	January 1, 2023
Amendment to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 – comparative information’	January 1, 2023
Annual Improvements to IFRS Accounting Standards—Volume 11	January 1, 2026

The above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’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:

	Effective date by
	International Accounting
New Standards,Interpretations andAmendments	Standards Board
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets	To be determined by
between an investor and its associate or joint venture’	International Accounting
	Standards Board
IFRS 18, ‘Presentation and disclosure in financial statements’	January 1, 2027 (Note)
IFRS 19, ‘Subsidiaries without public accountability: disclosures’	January 1, 2027
Note`：`The FSC has announced in a press release on September 25, 2025	that public companies
will apply IFRS 18 starting from the fiscal year 2028. Additionally, entities can choose
to adopt IFRS 18 earlier based on their requirements after the FSC endorses IFRS 18.

Except for the following, the above standards and interpretations have no significant impact to the Group’s financial condition and financial performance based on the Group’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

~13~

disaggregation which apply to the primary financial statements and notes.

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

The principal accounting policies adopted are consistent with Note 4 in the consolidated financial statements for the year ended December 31, 2024, except for the compliance statement, basis of preparation, basis of consolidation and the portions applicable to interim financial statements as set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

1) Compliance statement

A. The consolidated financial statements of the Group 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, and the International Accounting Standards No 34, ‘Interim financial reporting’ that came into effect as endorsed by the FSC.
B. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2024.

2) Basis of preparation

A. Except for the following items, these consolidated 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 assets or 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 Interpretations 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 Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

3) Basis of consolidation

A. Basis for preparation of consolidated financial statements:

The principle for the preparation of this consolidated financial statements are the same as those for the consolidated financial statements for the year ended December 31, 2024.

~14~

B. Subsidiaries included in the consolidated financial statements:

==> picture [420 x 25] intentionally omitted <==

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

Name of Main Business Ownership (%)
Investor Name of Subsidiary Activities September 30, 2025 December 31, 2024 September 30, 2024
----- End of picture text -----

Investor	Name ofSubsidiary	Activities Se	ptember30,2025	December31,2024	September30,2024
The	President Futures Corp.	Futures brokerage and dealer	95.82%	96.69%	96.69%
Company	(President Futures)		(Note3)
`〃`	President Capital	Securities investment	100%	100%	100%
	Management	consulting
	Corp. (President Capital
	Management)
`〃`	President Securities (HK)	Securities dealer, brokerage,	100%	100%	100%
	Ltd.(President Securities	underwriting and consulting
	(HK)) (Note 1)	(Note 2)
`〃`	President Insurance Agency	Insurance Agent	100%	100%	100%
	Corp. (President Insurance
	Agency)
`〃`	PSC Venture Capital	Consultation of investment	100%	100%	100%
	Investment Company	management and venture
	Limited (President Venture	capital; other unprohibited or
	Capital)	unrestricted businesses
		beyond the permit

Note 1: Subsidiary President Securities (HK) Ltd. was approved by the Board of Directors in March 2022 to deal with the dissolution and liquidation matters, and the liquidation process is currently in progress.
Note 2: President Securities (HK) Ltd. has completed the deregistration of securities trading-related licenses on March 27, 2024, and has no securities-related business activities.
Note 3: Subsidiary President Futures has completed a cash capital increase on March 25, 2025. The Company participated in the subscription in the amount of $453,706 based on its shareholding ratio. The Company's original investment amount increased from $644,650 to $1,098,356, and the shareholding ratio decreased from 96.69% to 95.82%.
Note 4: Except for President Futures’ financial statements for the nine months ended September 30, 2025 and 2024 that were reviewed by independent auditors, the above-listed subsidiaries included in the consolidated financial statements for the nine months ended September 30, 2025 and 2024, were not reviewed by independent auditors.

4) Employee benefits

A. Except for the following explanation of interim standards, please refer to Note 4(22) of the consolidated financial statements for the year ended December 31, 2024.

~15~

B. Pension cost for the interim period is calculated on a year-to-date basis by using the pension cost rate derived from the actuarial valuation at the end of the period financial year, adjusted for significant market fluctuations since that time and for significant curtailments, settlements, or other significant one-off events. Also, the related information is disclosed accordingly.
5) Income tax
A.Except for the following explanation of interim standards, please refer to Note 4(24) of the consolidated financial statements for the year ended December 31, 2024.
B.The interim period income tax expense is recognized based on the estimated average annual effective income tax rate excepted for the full financial year applied to the pretax income of the interim period, and the related information is disclosed accordingly.

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

There were no significant changes as of September 30, 2025. Please refer to the explanation in Note 5 of the consolidated financial statements for the year ended December 31, 2024.

DETAILS OF SIGNIFICANT ACCOUNTS

1) Cash and cash equivalents

Petty cash Checking deposits Current deposits: Deposits denominated in NTD Deposits denominated in foreign currencies Time deposits Total	September30,2025 1,650 $ 700,664 2,194,634 1,690,475 4,423,922 9,011,345 $	December31,2024 150 $ 652,376 1,738,726 1,341,884 3,987,003 7,720,139 $	September30,2024
			1,650 $ 627,228 2,882,128 2,014,634 3,080,908
			8,606,548 $

As of September 30, 2025, December 31, 2024 and September 30, 2024, the annual interest rates of time deposits, including foreign time deposits were 0.680%~3.100%, 0.665%~5.250% and 0.665%~5.430% respectively.

~16~

2) Financial assets at fair value through profit or loss

September 30, 2025 December 31, 2024 September 30, 2024

Current items:

Financial assets mandatorily measured at fair value through profit or loss:

Current items: Financial assets mandatorily measured at fair value through profit or loss:	September30,2025	December31,2024	September30,2024
Security lending Security lending Adjustment of security lending Total Open-ended funds, money market instruments and securities investment by brokers Open-ended mutual funds beneficiary Exchange-traded funds Subtotal Adjustment of open-ended funds, money market instruments and securities investment by brokers Total Trading securities-dealer Listed (TSE and OTC) stocks Government bonds Corporate bonds Convertible corporate bonds Emerging stocks Overseas stocks Exchange-traded funds Unlisted stocks Subtotal Adjustment of trading securities - dealer Total Trading securities-underwriter Listed (TSE and OTC) stocks Convertible corporate bonds Subtotal Adjustment of trading securities - underwriter Total Trading securities-hedging Listed (TSE and OTC) stocks Corporate bonds Convertible corporate bonds Warrants Overseas stocks Exchange traded funds Subtotal Adjustment of trading securities - hedging Total Options bought - futures Futures Margin-Own Funds Derivative financial instrument assets - OTC Total	- $ - - 321,570 153,320 474,890 34,648 509,538 10,538,242 653,183 5,446,026 883,076 191,622 14,692,386 4,091,720 168,943 36,665,198 1,093,090 37,758,288 130,851 840,846 971,697 187,394 1,159,091 9,378,565 6,000,013 12,302,792 19,919 290,261 7,492 27,999,042 833,884 28,832,926 1,114 8,058,785 301,674 76,621,416 $	26,015 $ 1,004) ( 25,011 352,740 116,807 469,547 3,393 472,940 8,767,530 99,972 3,613,718 1,421,755 245,565 7,919,695 5,272,039 168,945 27,509,219 477,428 27,986,647 67,610 783,244 850,854 152,654 1,003,508 8,605,280 4,350,000 14,190,274 38,420 438,295 25,222 27,647,491 31,959 27,679,450 747 4,176,721 60,058 61,405,082 $	197,688 $ 11,313
			209,001
			201,935 101,949
			303,884 18,575
			322,459
			8,741,582 49,488 3,358,382 2,988,718 248,435 14,784,713 4,613,113 168,943
			34,953,374 422,076
			35,375,450
			78,816 700,435
			779,251 241,196
			1,020,447
			9,711,544 3,090,000 11,800,762 47,646 417,351 12,355
			25,079,658 364,539
			25,444,197
			23,346
			4,300,763
			11,668
			66,707,331 $

~17~

September 30, 2025 December 31, 2024 September 30, 2024

September30,2025 December31,2024	September30,2024
Non-current items: Financial assets mandatorily measured at fair value through profit or loss: Trading securities - dealer - government bonds $ 49,915 $ 49,878 Unlisted stocks 435 435 Others 50,000 50,000 Subtotal 100,350 100,313 Adjustment of trading securities 14,737 17,358 Total 115,087 $ 117,671 $	$ 49,866 435 50,000
	100,301 17,441 117,742 $

a. For the three months and nine months ended September 30, 2025 and 2024, net realized and unrealized gains (losses) on financial assets and liabilities at fair value through profit or loss amounted to $2,097,856, $223,828, $2,124,842 and $3,458,652, respectively.
b. Details of the Group’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).

3) Financial assets at fair value through other comprehensive income

Current items: Equity instruments: Trading securities-dealer Listed (TSE and OTC) stocks Adjustment of trading securities - dealer Subtotal Debt instruments: Trading securities-dealer Overseas bonds Adjustment of trading securities - dealer Subtotal Total Non-current items: Equity instruments: Unlisted stocks Adjustment of trading securities Total	September30,2025 1,126,104 $ 837,780 1,963,884 7,115,300 132,870 7,248,170 9,212,054 $ September30,2025 37,565 $ 1,522,326 1,559,891 $	December31,2024 279,894 $ 543,717 823,611 3,681,435 9,156) ( 3,672,279 4,495,890 $ December31,2024 37,565 $ 1,414,996 1,452,561 $	September30,2024
			279,894 $ 452,199
			732,093
			- -
			-
			732,093 $
			September30,2024
			37,565 $ 1,357,562
			1,395,127 $

a. The Group has elected to classify stocks investments that are considered to be strategic investments and consistently receiving dividends as financial assets at fair value through other comprehensive income. The fair value of such investments amounted to $3,523,775, $2,276,172 and $2,127,220 as at September 30, 2025, December 31, 2024 and September 30, 2024, respectively.

~18~

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 [426 x 198] intentionally omitted <==

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

Equity instruments at fair value Three months ended Three months ended Nine months ended Nine months ended
through other comprehensive income September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024
Fair value change recognised in other
comprehensive income - parent company $ 268,493 $ 12,618 $ 398,237 $ 469,487
Fair value change recognised in other
comprehensive income - non- controlling
interest 1,314 ( 1,069) 3,156 3,832
Total $ 269,807 $ 11,549 $ 401,393 $ 473,319
Dividend income recognised in profit or
loss
Held at end of period $ 28,716 $ 25,641 $ 93,283 $ 30,310
Debt instruments at fair value through Three months ended Three months ended Nine months ended Nine months ended
other comprehensive income September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024
Fair value change recognised in other
comprehensive income $ 20,512 $ 106,704 $ 144,667 $ 5,402
Interest income recognised in profit orloss $ 74,813 $ 12,559 $ 193,830 $ 70,265
----- End of picture text -----

c. Details of the Group’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) Bonds purchased under resale agreements

September 30, 2025 December 31, 2024 September 30, 2024 Foreign bonds $ 802,879 $ - $ 55,045

The above bonds purchased under resale agreements as of September 30, 2025, December 31, 2024 and September 30, 2024 were due within one year and were contracted to be repurchased at the agree-upon price plus interest charge on the specific date after the transaction. The total repurchase amounts were $810,195, $0, and $55,524, respectively, and the annual interest rates in every currency were shown as follows:

Currency September 30, 2025 December 31, 2024 September 30, 2024 Foreign currencies (Note) 1.90%~4.08% - 3.42%~3.51% Note: Foreign currencies include AUD, EUR and USD.

5) Margin loans receivable

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

6) Receivable of securities business money lending

Securities lending receivable - the securities purchased or held by customers as collateral Securities lending receivable- unrestricted purposes Subtotal Less: Allowance for uncollectable accounts Total	September30,2025 266,984 $ 18,381,273 18,648,257 351) ( 18,647,906 $	December31,2024 62,596 $ 18,537,534 18,600,130 - 18,600,130 $	September30,2024
			166,638 $ 16,870,061
			17,036,699 -
			17,036,699 $

~19~

Note: The collateral maintenance ratio is to be calculated in accordance with regulations and shall not fall below 130%.

7) Customer margin account

Bank deposit Futures clearing house Other futures commission merchant Securities Total	September30,2025 23,068,896 $ 6,251,093 5,553,903 75 34,873,967 $	December31,2024 23,313,389 $ 5,315,769 6,916,025 357 35,545,540 $	September30,2024 21,246,716 $ 5,245,134 6,550,934 321 33,043,105 $

The difference between the customer margin deposits accounts and futures traders’ equity as of September 30, 2025, December 31, 2024 and September 30, 2024, were outlined below:

below:
	September 30, 2025	December31,2024		September 30, 2024
Customer margin deposits accounts	34,873,967 $	$	35,545,540		33,043,105 $
Futures trading margins receivable	-		-		6
Add: Early customer margin deposits	24,166		11,446		20,442
Less: Service fee income pending for transfer	30,294) (	(	18,959)	(	35,889)
Futures exchange tax pending for transfer	1,242) (	(	1,180)	(	1,930)
Temporary receipts	50,478) (	(	14,473)	(	59,403)
Futures trader’s equity	34,816,119 $	$	35,522,374		32,966,331 $

8) Accounts receivable

Accounts receivable - related parties Accounts receivable - non related parties Settlement price receivable-brokers Settlement price receivable-dealer Settlement price receivable-international bonds Settlement price receivable-foreign bonds Settlement price receivable-unrestricted purposes Settlement price receivable-sub-brokerage Spot exchange receivable, foreign currencies Interest receivable Settlement price Dividends receivable Others Subtotal Less: Allowance for uncollectable accounts Total	September30,2025 1,097 $ 20,367,218 $ 3,478,442 62,046 2,831,539 136,745 38,932 350,499 900,703 961,788 35,525 263,782 29,427,219 221) ( 29,426,998 $	December31,2024 944 $ 14,492,455 $ 3,165,884 - 9,987,065 290 27,815 56,868 821,069 625,228 42,637 263,902 29,483,213 491) ( 29,482,722 $	September30,2024 1,060 $ 18,544,505 $ 5,280,994 - 4,514,782 725,380 5,361 333,023 663,822 2,496,440 47,128 226,261 32,837,696 386) ( 32,837,310 $

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

Accounts receivable Accounts receivable - related parties Accounts receivable - non related parties Total						September	September	30,2025				Total
		Up to 30 days		31 to 90 days		91 to 180 days		181 days to 12 months		More than 12 months
		919 $ 28,552,743 28,553,662 $		178 $ 101,072 101,250 $		- $ 325,519 325,519 $		- $ 237,218 237,218 $		- $ 210,667 210,667 $		1,097 $ 29,427,219 29,428,316 $

~20~

==> picture [437 x 346] intentionally omitted <==

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

December 31, 2024
Up to 31 to 90 91 to 180 181 days to More than 12
30 days days days 12 months months Total
Accounts receivable
Accounts receivable
- related parties $ 763 $ 181 $ - $ - $ - $ 944
Accounts receivable
- non related parties 28,682,701 138,774 143,370 381,924 136,444 29,483,213
Total $ 28,683,464 $ 138,955 $ 143,370 $ 381,924 $ 136,444 $ 29,484,157
September 30, 2024
Up to 31 to 90 91 to 180 181 days to More than 12
30 days days days 12 months months Total
Accounts receivable
Accounts receivable
- related parties $ 878 $ 182 $ - $ - $ - $ 1,060
Accounts receivable
- non related parties 32,199,513 105,455 239,594 182,281 110,853 32,837,696
Total $ 32,200,391 $ 105,637 $ 239,594 $ 182,281 $ 110,853 $ 32,838,756
Note: The above ageing analysis was based on invoice date.
Information relating to credit risk is provided in Note 12(2).
Other receivables
September 30, 2025 December 31, 2024 September 30, 2024
Interest receivable $ 76,751 $ 81,387 $ 52,047
Others 37,472 19,770 30,176
Subtotal 114,223 101,157 82,223
Less: Allowance for uncollectible accounts ( 275) ( 275) ( 275)
Total $ 113,948 $ 100,882 $ 81,948
----- End of picture text -----

B. Information relating to credit risk is provided in Note 12(2).
9) Other receivables

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

10) 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	September30,2025 471,620 $ 500,000 13,935 10,156 3,686,529 48,081 4,730,321 $	December31,2024 178,819 $ 500,000 44,257 383,532 1,973,140 90,939 3,170,687 $	September30,2024
			179,037 $ 500,000 37,377 1,259,322 1,861,046 82,078
			3,918,860 $

11) Transfer of financial assets

A. During the Group’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 Group may not use, sell or pledge the transferred financial assets during the valid period of the transaction. The financial assets were not derecognized

~21~

as the Group 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:

==> picture [411 x 310] intentionally omitted <==

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

September 30, 2025
Carrying amount of Carrying amount of related
Financial assets category transferred financial assets financial liabilities
Financial assets measured at fair value
through profit or loss
Repurchase agreement $ 25,015,237 $ 23,652,072
Financial assets measured at fair value
through other comprehensive income
Repurchase agreement 7,248,169 7,157,501
December 31, 2024
Carrying amount of Carrying amount of related
Financial assets category transferred financial assets financial liabilities
Financial assets measured at fair value
through profit or loss
Repurchase agreement $ 16,421,349 $ 15,589,881
September 30, 2024
Carrying amount of Carrying amount of related
Financial assets category transferred financial assets financial liabilities
Financial assets measured at fair value
through profit or loss
Repurchase agreement $ 19,243,174 $ 17,800,121
----- End of picture text -----

12) Offsetting financial assets and financial liabilities

A. The Group 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.

~22~

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

(1)Financial assets

inancial assets
		September30,2025
Derivative financial instruments Bonds purchased under resale agreements Total Description	Gross amounts of recognised financial assets	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 247,329 $ - $ 792,279 - 1,039,608 $ - $ Notsetoff in the balance sheet	Net amount
						Financial instruments 247,329 $ 792,279 1,039,608 $
	301,674 $ 802,879 1,104,553 $						54,345 $ 10,600
							64,945 $

Derivative financial instruments Description	Gross amounts of recognised financial assets	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 43,442 $ - $ Notsetoff in the balance sheet	Net amount
						Financial instruments 43,442 $
	60,058 $						16,616 $

Derivative financial instruments Bonds purchased under resale agreements Total Description	Gross amounts of recognised financial assets	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 7,964 $ - $ 54,744 - 62,708 $ - $ Notsetoff in the balance sheet	Net amount
						Financial instruments 7,964 $ 54,744 62,708 $
	7,964 $ 55,045 63,009 $		- $ - - $		7,964 $ 55,045 63,009 $		- $ 301
							301 $

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(2) Financial liabilities

Financial liabilities
		September30,2025
Derivative financial instruments Bonds sold under repurchase agreements Total Derivative financial instruments Bonds sold under repurchase agreements Total Description 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 247,329 $ - $ 20,897,023 - 21,144,352 $ - $ Financial instruments Cash collateral received 43,442 $ - $ 12,017,016 - 12,060,458 $ - $ Notsetoff in the balance sheet Notsetoff in the balance sheet	Net amount
	247,329 $ 20,897,023 21,144,352 $ Gross amounts of recognised financial liabilities				- $ -
					- $
					Net amount
				Financial instruments 43,442 $ 12,017,016 12,060,458 $
	43,442 $ 12,017,016 12,060,458 $				- $ -
					- $

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 7,964 $ - $ 14,578,047 - 14,586,011 $ - $ Notsetoff in the balance sheet	Net amount
				Financial instruments 7,964 $ 14,578,047 14,586,011 $
	39,788 $ 14,578,047 14,617,835 $	- $ - - $	39,788 $ 14,578,047 14,617,835 $		31,824 $ -
					31,824 $

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13) Investments accounted for under the equity method

Uni-President Asset Management Corp. Jin Yuan President Securities Co., Ltd.	September30,2025 December31,2024 928,474 $ 970,159 $ 2,469,350 2,641,462 3,397,824 $ 3,611,621 $	September30,2024
		852,964 $ 2,649,558
		3,502,522 $

A. The Group’s share of its associates’ profits or losses recognized in long-term equity investment accounted for under the equity method for the three months and nine months ended September 30, 2025 and 2024 were $122,312, $76,996, $275,323 and $180,678, respectively.
B. The Group holds 42.49% 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 22 shareholders. Half of the voting rights of the shareholders attending the shareholders’ meeting exceeds the voting rights of the Group, and the Group does not take an active role in the management of the company. This shows that the Group has no actual ability to direct relevant activities. The Group has no control over Uni-President Asset Management Corp., but has significant influence over it.
C. The financial information of the Group’s principal associates is summarized as follows:
(a) The basic information of the associates that are material to the Group is as follows:

Companyname	Princial place of businesss		Shareholding ratio	Nature of relationship	Methods of measurement
Uni-President Asset Management Corp. Jin Yuan President Securities Co., Ltd.	Taipei city Xiamen	September 30,2025 42.49% 49%	December 31,2024 42.49% 49%	September 30,2024 42.49% Associate 49% Associate	Equity method Equity method

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

Balance sheet

follows: Balance sheet
			Uni-President		Asset ManagementCorp.
	September 30,2025			December 31,2024		September 30,2024
Current assets		$	1,417,351	$	1,598,836	$	1,243,795
Non-current assets			965,587		942,434		918,268
Current liabilities	(		482,307)	(	531,046)	(	504,634)
Non-current liabilities	(		138,283)	(	149,789)	(	72,767)
Total net assets		$	1,762,348	$	1,860,435	$	1,584,662
Share in associate's net assets		$	748,952	$	790,637	$	673,442
Goodwill and others			179,522		179,522		179,522
Carrying amount of the associate		$	928,474	$	970,159	$	852,964

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Balance sheet

Balance sheet
			Jin Yuan		President	Securities	Co.,Ltd.
	September 30, 2025				December 31, 2024		September 30, 2024
Current assets		$	8,818,092		$	6,228,068		$	10,585,962
Non-current assets			822,262			227,432			292,122
Current liabilities	(		4,515,895)	(		1,022,718)	(		5,416,548)
Non-current liabilities	(		84,973)	(		42,046)	(		54,275)
Total net assets		$	5,039,486		$	5,390,736		$	5,407,261
Share in associate's net assets		$	2,469,350		$	2,641,462		$	2,649,558
Carrying amount of the associate		$	2,469,350		$	2,641,462		$	2,649,558

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)	Nine months ended September 30,2025(Note) 2,030,065 $ 766,633 $ 17,343 783,976 $ 374,855 $ Uni-President Asset Jin Yuan President	Nine months ended September 30, 2024 (Note) Management Corp.
		1,673,685 $ 620,858 $ 26,593 647,451 $ 219,394 $ Securities Co., Ltd.
	Nine months ended September 30,2025(Note) Nine months ended September 30, 2024 401,493 $ 328,406 $ 103,015) ($ 169,737) ($ 103,015) ($ 169,737) ($	Nine months ended September 30, 2024
	( (

Note: The financial statements for the nine months ended September 30, 2025 and 2024, that were not reviewed by independent auditors, were prepared by the company.

(Blank below)

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14) Property and equipment

Property and equipment
January1			Ninemonths	ended September30,2025					Total
	Land		Buildings		Equipment		Leasehold improvements
Cost Accumulated depreciation and impairment Total January 1 Additions Disposal Reclassifications Depreciation September 30 September 30	1,738,051 $ - 1,738,051 $ 1,738,051 $ - - - - 1,738,051 $ Land	( (	1,182,575 $ 591,743) 590,832 $ 590,832 $ 2,038 - 12,234 33,581) 571,523 $ Buildings	615,696 $ 330,286) ( 285,410 $ 285,410 $ 59,521 25) ( 42,920 103,035) ( 284,791 $ Equipment		46,574 $ 19,298) ( 27,276 $ 27,276 $ 1,900 303) ( 49,142 7,381) ( 70,634 $ Leasehold improvements		3,582,896 $ 941,327) ( 2,641,569 $ 2,641,569 $ 63,459 328) ( 104,296 143,997) ( 2,664,999 $ Total
Cost Accumulated depreciation and impairment Total January1	1,738,051 $ - 1,738,051 $	(	1,182,718 $ 611,195) 571,523 $ Ninemonths					(	3,683,113 $ 1,018,114) 2,664,999 $ Total
	Land		Buildings		Equipment		Leasehold improvements
Cost Accumulated depreciation and impairment Total January 1 Additions Disposal Reclassifications Depreciation September 30 September 30	1,738,051 $ - 1,738,051 $ 1,738,051 $ - - - - 1,738,051 $ Land	( (	1,176,715 $ 571,899) 604,816 $ 604,816 $ 1,266 - 3,140 31,749) 577,473 $ Buildings	564,286 $ 274,664) ( 289,622 $ 289,622 $ 52,641 36) ( 18,796 92,668) ( 268,355 $ Equipment		( (	34,050 $ 21,462) 12,588 $ 12,588 $ 2,055 - 16,290 4,312) 26,621 $ Leasehold improvements	3,513,102 $ 868,025) ( 2,645,077 $ 2,645,077 $ 55,962 36) ( 38,226 128,729) ( 2,610,500 $ Total
Cost Accumulated depreciation and impairment Total	1,738,051 $ - 1,738,051 $	(	1,179,031 $ 601,558) 577,473 $	(	593,664 $ 325,309) 268,355 $	(	44,945 $ 18,324) 26,621 $	(	3,555,691 $ 945,191) 2,610,500 $

A. No interest was capitalized for property and equipment for the nine months ended September 30, 2025 and 2024.

B. The information on property and equipment pledged or restricted as of September 30, 2025, December 31, 2024 and September 30, 2024 is described in Note 8.

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`－` 15) Leasing arrangements lessee

A. The Group 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		Three months ended September 30,2025		September30,2025 December31,2024 CarryingAmount CarryingAmount 213,312 $ 202,162 $ 15,407 18,077 14,364 2,438 243,083 $ 222,677 $ Three months ended September 30,2024 Nine months ended September 30, 2025	September30,2025 December31,2024 CarryingAmount CarryingAmount 213,312 $ 202,162 $ 15,407 18,077 14,364 2,438 243,083 $ 222,677 $ Three months ended September 30,2024 Nine months ended September 30, 2025	September30,2024 CarryingAmount 193,123 $ 17,052 3,156 213,331 $ Nine months ended September 30,2024	September30,2024 CarryingAmount 193,123 $ 17,052 3,156 213,331 $ Nine months ended September 30,2024
		Depreciationcharge		Depreciationcharge	Depreciation charge		Depreciationcharge
		18,912 $ 1,367 647 20,926 $		17,413 $ 1,272 732 19,417 $	57,768 $ 4,102 2,118 63,988 $		52,249 $ 4,485 2,195 58,929 $

C. For the nine months ended September 30, 2025 and 2024, the additions to right-of-use assets amounted to $89,473 and $143,051, respectively.
D. The information on income and expense accounts relating to lease contracts is as follows:

Items affecting profit or loss	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
Interest expense on lease liabilities Expense on short-term lease contracts Expense on variable lease payment	907 $ 1,338 36	575 $ 1,475 35	2,600 $ 3,830 90	1,362 $ 3,974 86

E. For the nine months ended September 30, 2025 and 2024, the Group’s total cash outflow for leases amounted to $69,762 and $63,768, respectively.

16) Leasing arrangements – lessor

A. The Group leases various assets including office and parking space. Rental contracts are typically made for periods of 1 and 5 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.
B. For the nine months ended September 30, 2025 and 2024, the Group recognized rent income in the amounts of $8,583 and $9,072, respectively, based on the operating lease agreement, which does not include variable lease payments.

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

September30,2025 2024 - $ 2025 2,760 2026 11,039 2027 10,497 2028 7,323 2029 688 2030 688 Total 32,995 $	December31,2024 - $ 11,269 10,956 10,414 7,240 641 - 40,520 $	September30,2024 3,052 11,269 10,956 10,414 7,240 641 - 43,572 $

17) Investment property

Investment property
January1 Cost Accumulated depreciation and impairment Total January 1 Depreciation September 30 September30 Cost Accumulated depreciation and impairment Total January1 Cost Accumulated depreciation and impairment Total January 1 Depreciation September 30 September30 Cost Accumulated depreciation and impairment Total	Land Buildings Total 140,176 $ 72,533 $ 212,709 $ - 29,978) ( 29,978) ( 140,176 $ 42,555 $ 182,731 $ 140,176 $ 42,555 $ 182,731 $ - 1,067) ( 1,067) ( 140,176 $ 41,488 $ 181,664 $ Land Buildings Total 140,176 $ 72,533 $ 212,709 $ - 31,045) ( 31,045) ( 140,176 $ 41,488 $ 181,664 $ 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 $ - 1,067) ( 1,067) ( 140,176 $ 42,910 $ 183,086 $ Land Buildings Total 140,176 $ 72,533 $ 212,709 $ - 29,623) ( 29,623) ( 140,176 $ 42,910 $ 183,086 $ Ninemonths ended September30,2025 Ninemonths ended September30,2024
	Land 140,176 $ - ( 140,176 $ 140,176 $ - ( 140,176 $ Land 140,176 $ - ( 140,176 $	Buildings 72,533 $ 28,556) ( 43,977 $ 43,977 $ 1,067) ( 42,910 $ Buildings 72,533 $ 29,623) ( 42,910 $

A. For the three months and nine months ended September 30, 2025 and 2024, rental income from the lease of the investment property were $2,246, $2,559, $7,049 and $7,583, respectively, and direct operating expenses arising from the investment property were $645, $630, $1,934 and $1,890, respectively.

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

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18) Intangible assets

tangible assets
January1		Nine	months ended September30,2025
		Computer software	Goodwill
Cost Accumulated amortization and impairment Total January 1 Additions Reclassifications Amortization September 30 September30	( (	531,123 $ 318,176) 212,947 $ 212,947 $ 17,209 42,701 82,148) 190,709 $ Computer software	42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $ Goodwill	( (
Cost Accumulated amortization and impairment Total January1	(
		Computer sofware	Goodwill 42,004 $ - 42,004 $ 42,004 $ - - - 42,004 $ Goodwill		Customer relationships and others Total 89,929 $ 604,169 $ 54,236) 311,732) ( 35,693 $ 292,437 $ 35,693 $ 292,437 $ - 17,969 - 46,104 13) 74,095) ( 35,680 $ 282,415 $ Customer relationships and others Total 89,929 $ 642,053 $ 54,249) 359,638) ( 35,680 $ 282,415 $
Cost Accumulated amortization and impairment Total January 1 Additions Reclassifications Amortization September 30 September 30	( (	472,236 $ 257,496) 214,740 $ 214,740 $ 17,969 46,104 74,082) 204,731 $ Computer software		( (
Cost Accumulated amortization and impairment Total	(	510,120 $ 305,389) 204,731 $	42,004 $ - 42,004 $	(

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A. No interest was capitalized for intangible assets for the nine months ended September 30, 2025 and 2024.
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 Group’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 2024 0.00% 12.10%

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.

19) Other non-current assets

risks related to relevant operating segments. Other non-current assets
September30,2025 Operation guaranteed deposits 640,000 $ Clearing and settlement fund 400,521 Refundable deposits 659,885 Prepaid pension expenses 9,578 Prepayment for equipment 48,273 Overdue receivables 5,349 Others 2,751 Subtotal 1,766,357 Less: Allowance for uncollectible accounts 5,349) ( Total 1,761,008 $	December31,2024 640,000 $ 315,445 502,231 9,064 66,420 6,004 2,756 1,541,920 6,004) ( 1,535,916 $	September 30, 2024
		640,000 $ 326,937 535,089 4,404 62,203 5,248 2,510
		1,576,391 5,248) (
		1,571,143 $

20) Short-term loans

Unsecured loans Secured loans Call loans from banks Total	September30,2025 8,595,437 $ - 304,450 8,899,887 $	December31,2024 8,545,865 $ 160,000 98,355 8,804,220 $	September30,2024
			8,366,000 $ 590,000 348,150
			9,304,150 $

As of September 30, 2025, December 31, 2024 and September 30, 2024, the interest rates of short-

term loans, including foreign interest rates were 1.728%~4.700%, 1.870%~5.250% and 1.835%~5.730%, respectively.

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21) Commercial papers payable

Face value Less: Discount on commercial papers payable Total	September30,2025 23,700,000 $ 19,210) ( 23,680,790 $	December31,2024 33,010,000 $ 40,185) ( 32,969,815 $	September30,2024 31,150,000 $ 27,466) ( 31,122,534 $

As of September 30, 2025, December 31, 2024 and September 30, 2024, the interest rates of commercial papers, including foreign interest rates were 1.470%~2.002%, 1.682%~2.022% and 1.673%~1.920%, respectively.

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

	September30,2025	September30,2025		December31,2024	December31,2024	September30,2024	September30,2024
Investments in bonds under resale
agreements - short sales	$	818,142		$	-	$	150,768
Valuation adjustment of financial assets held for
trading		1,096			-		394
Subtotal		819,238			-		151,162
Liabilities on sale of borrowed securities
- hedged		1,045,786			793,826		1,025,962
Valuation adjustment on liabilities on sale
of borrowed securities - hedged		16,417			49,671		23,528
Liabilities on sale of borrowed securities
- non-hedged		13,719,999			6,404,740		5,546,074
Valuation adjustment on liabilities on sale
of borrowed securities - non-hedged		2,403,092			217,500		331,982
Subtotal		17,185,294			7,465,737		6,927,546
Issuance of call (put) warrants		18,252,409			18,904,723		19,404,818
Loss (gain) on price fluctuation	(	3,513,976)	(		6,344,768)	(	5,181,131)
Market value (A)		14,738,433			12,559,955		14,223,687
Warrants redeemed	(	16,258,614)	(		16,132,320)	(	16,499,605)
Loss (gain) on price fluctuation		2,916,643			4,952,966		4,000,824
Market value (B)	(	13,341,971)	(		11,179,354)	(	12,498,781)
Warrants - net (A+B)		1,396,462			1,380,601		1,724,906
Options sold - TAIFEX		3,703			1,144		25,982
Outstanding Liability for Issuance of ETNs		205,079			306,853		356,104
Valuation adjustment on outstanding
Liability for Issuance of ETNs		94,728			69,293		72,020
Subtotal		299,807			376,146		428,124
Derivative financial liabilities - OTC		6,256,057			4,312,910		4,150,267
Total	$	25,960,561		$	13,536,538	$	13,407,987

Among the warrants issued by the Group, 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.

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23) Bonds sold under repurchase agreements

Government bonds Corporate bonds Bank debentures International bonds Foreign bonds Total	September30,2025 680,516 $ 9,511,516 1,101,311 2,129,685 17,386,545 30,809,573 $	December31,2024 104,131 $ 3,219,329 100,235 1,713,508 10,452,678 15,589,881 $	September30,2024 49,000 $ 5,369,292 100,000 1,419,546 10,862,283 17,800,121 $

The above bonds sold under repurchase agreements as of September 30, 2025, December 31, 2024 and September 30, 2024 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 $31,020,974, $15,730,764 and $17,949,983, respectively, and the annual interest rates in every currency were shown as follows:

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Currency September 30, 2025 December 31, 2024 September 30, 2024
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Currency	September30,202	5 December 31, 2024	September30,2024
NTD	1.14%~1.65%	1.14%~1.63%	1.14%~1.57%
Foreign currencies (Note)	2.00%~4.40%	1.75%~4.95%	1.60%~5.50%
Note: Foreign currencies include AUD,	EUR, USD, GBP and	SGD.

24) Accounts payable

Accounts payable
Settlement accounts payable - brokered trading Settlement proceeds Settlement accounts payable - operating Settlement accounts payable - international bonds Settlement accounts payable - foreign bonds Spot exchange payable, foreign currencies Others Total	September30,2025 19,473,464 $ 1,818,159 3,666,775 66,070 3,784,723 350,426 533,560 29,693,177 $	December31,2024 12,373,337 $ 2,727,528 1,940,061 - 9,983,714 56,794 394,149 27,475,583 $	September30,2024
			18,656,162 $ 2,400,082 3,790,902 - 5,431,968 333,235 380,973
			30,993,322 $

25) Other payables

Other payables Settlement accounts payable - foreign bonds Spot exchange payable, foreign currencies Others Total	3,784,723 350,426 533,560 29,693,177 $	9,983,714 56,794 394,149 27,475,583 $	5,431,968 333,235 380,973 30,993,322 $
Salary and bonus payable Employees' and directors' remuneration payable Others Total	September30,2025 1,514,685 $ 150,675 905,090 2,570,450 $	December31,2024 1,915,817 $ 223,772 719,265 2,858,854 $	September30,2024
			1,686,027 $ 183,103 682,545
			2,551,675 $

26) Other financial liabilities - current

Principal guaranteed notes (PGN) - fixed income

September30,2025 9,619,726 $	December31,2024 13,801,583 $	September30,2024
		13,965,948 $

The Group 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

~33~

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).

27) Long-term loans

Credit loans Less: current portion Total Unused credit lines	September30,2025 1,500,000 $ - 1,500,000 $ 6,500,000 $	December31,2024 September 30, 2024 - $ - $ - - - $ - $ - $ - $

As of September 30, 2025, December 31, 2024, and September 30, 2024, the interest rates of longterm loans were 2.197%, 0%, and 0%, respectively. To strengthen its medium-term working capital, the Group signed a syndicated loan agreement with 10 banks, led by Yuanta Commercial Bank, in August 2025. The total facility amount is $8,000,000, with the loan term starting from the initial drawdown date (September 2025) and lasting for 3 years.

28) Other liabilities - non-current

Other liabilities-non-current
Guarantee deposits received Net defined benefit obligation Total	September30,2025 11,931 $ 1,123 13,054 $	December31,2024 9,042 $ 29,177 38,219 $	September30,2024
			7,806 $ 29,811
			37,617 $

29) Pension plan

A. Defined benefit plans
(A) The Group 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 Group contributes monthly an amount which ranges between 2.0% and 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 Group 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 Group will make contributions to cover the deficit by next March.
(B) Under the defined benefit pension plan, the Group recognized the pension costs for the three months and nine months ended September 30, 2025 and 2024 in the statement of comprehensive income in the amounts of $409, $564, $1,227 and $1,692, respectively.

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(C) Expected contributions to the defined benefit pension plans of the Group for the year ending December 31, 2026 amount to $47,768.
B. Defined contribution plans

Effective from July 1, 2005, the Group 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 Group for the three months and nine months ended September 30, 2025 and 2024 were $23,780, $23,928, $72,489 and $68,003, respectively.

C. President Securities (HK) has defined benefit pension plans in accordance with local laws, and recognized the current pension expenses by contributing to the accrued pension assets. President Securities (HK) recognized pension expenses of $17, $64, $54 and $9,069, respectively, for the three months and nine months ended September 30, 2025 and 2024.
30) Equity
A. Common stock

As of September 31, 2025, the Company's authorized capital was $18,000,000 with a par value of $10 (in dollars) per share. As of September 30, 2025, December 31, 2024 and September 30, 2024, the common stocks issued and the outstanding common stocks were $1,601,415 thousand shares, $1,455,831 thousand shares and 1,455,831 thousand shares, respectively.

Movements in the number of the Company’s ordinary shares outstanding are as follows:

At January 1 Common stock dividends At September 30		(Expressed in thousands) Nine months ended September 30,2025 Nine months ended September 30,2024 1,455,831 $ 1,455,831 $ 145,584 - 1,601,415 $ 1,455,831 $

The Board of Directors approved on February 26, 2025 and the stockholders at the stockholders’ meeting resolved on May 28, 2025 to increase the Company’s capital with an unappropriated earnings of $1,455,832, and issue 145,584 thousand ordinary shares with a par value of $10 (in dollars) per share. The record date of the capital increase is July 14, 2025, the total common stock issued after the capital increase was $16,014,145, divided into 1,601,415 thousand shares, each with a par value of $10 (in dollars) per share.

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B. Capital reserve

Share premium September 30, 2025 25,043 $ December 31, 2024 25,103 $ September 30, 2024 25,103 $	Treasury share transactions Expired stock options Total 65,675 $ 483 $ 91,201 $ 65,675 $ 483 $ 91,261 $ 65,675 $ 483 $ 91,261 $

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

C. Legal reserve

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

D. Special reserve

In accordance with the “Rules Governing the Administration of Securities Firms”, 20% of the current year’s earnings, after paying all taxes and offsetting prior years’ operating losses, and plus the items other than the after-tax net profit for the period, that are included in the unappropriated earnings of the period, if any, shall be set aside as special reserve until the cumulative balance equals the total amount of paid-in capital. The special reserve shall be used exclusively to cover accumulated deficit or to increase capital and shall not be used for any other purpose. Such capitalization shall not be permitted unless the Company had already accumulated a special reserve of at least 25% of its paid-in capital stock and only quarter of such special reserve may be capitalized.

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

In accordance with Jing-Guan-Zheng-Chuan Letter No. 10500278285 dated August 5, 2016, securities firms should set aside 0.5% to 1% of net income after tax as special reserve, upon the distribution of earnings from 2016 to 2018. From fiscal year 2017, special reserve as mentioned above may be reversed based on an amount equal to employees’ transformation training

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expenditure, employee transfer and arrangement 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.

31) 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 2024 and 2023 as resolved by the stockholders’ meeting on May 28, 2025 and June 27, 2024, respectively, are as follows:

Provision of legal reserve Provision of special reserve Cash dividends Stock dividends		Year ended December 31,2024	Year ended December 31,2024		Year ended December 31,2023	Year ended December 31,2023
		Amount	Dividends per share (in dollars)		Amount	Dividends per share (in dollars) 1.32 $ -
		437,415 $ 874,830 1,601,414 1,455,832 4,369,491 $	1.10 $ 1.00		274,762 $ 549,522 1,921,697 - 2,745,981 $

32) Brokerage handling fee revenue

Brokerage handling fee revenue
Revenues from brokered trading - TWSE Revenues from brokered trading - OTC Revenues from brokered trading - Futures Sub-brokerage fee income Others Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	752,035 $ 266,244 172,237 152,375 4,642 1,347,533 $	689,218 $ 236,605 212,853 92,891 3,969 1,235,536 $	1,793,347 $ 597,104 521,856 313,049 10,671 3,236,027 $	2,060,559 $ 662,543 607,713 227,027 10,942
				3,568,784 $

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33) Revenues from underwriting business

Revenues from underwriting business
Revenues from underwriting securities on a firm commitment basis Others Total	Three months ended September 30, 2025 Three months ended September 30, 2024	Nine months ended September 30,2025 54,499 $ 75,703 130,202 $	Nine months ended September 30,2024
	26,706 $ 12,078 $ 41,967 9,588 68,673 $ 21,666 $		40,170 $ 45,805 85,975 $

34) Net gain (loss) on sale of operating securities

Dealers: -TAIEX -OTC -Overseas trading Subtotal Underwriters: -TAIEX -OTC Subtotal Hedging: -TAIEX -OTC -Overseas trading Subtotal Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024 3,216,018 $ 665,249 553,812 4,435,079 51,401 114,966 166,367 1,954,321 809,135 51,534 2,814,990 7,416,436 $
	925,353 $ 305,983 146,190 1,377,526 11,161 46,947 58,108 755,609 649,491 15,758 1,420,858 2,856,492 $	876,024 $ 149,480 193,312 1,218,816 26,370 66,387 92,757 123,007) ( 267,246 22,969 167,208 1,478,781 $	353,197 $ 31,077) ( 19,657 341,777 14,347 61,160 75,507 41,818 454,961 6,510 503,289 920,573 $

35) Interest income

Interest income
Interest income from margin loans Interest income from bonds Others Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	214,111 $ 315,899 124,649 654,659 $	269,397 $ 198,563 120,607 588,567 $	667,777 $ 821,303 374,722 1,863,802 $	747,995 $ 568,132 272,739 1,588,866 $

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

37)	Net gain (loss) on covering of borrowed securities and bonds with resale agreements- Three months ended September 30,2025 Three months ended September 30, 2024 Nine months ended September 30,2025 Gain (loss) on sale of securities - dealer 848,694 $ 2,208,105) ($ 782,948 $ Gain (loss) on sale of securities - underwriting 90,924 28,707) ( 34,740 Gain (loss) on sale of securities - hedging 947,437 1,379,460) ( 801,924 Total 1,887,055 $ 3,616,272) ($ 1,619,612 $	Three months ended September 30,2025 Three months ended September 30, 2024	Nine months ended September 30,2025	Nine months ended September 30,2024
				short sales 252,276) ($ 65,954 163,413) ( 349,735) ($

Gain (loss) from the bond investments under resale agreements ( Gain (loss) from securities borrowing transactions ( Gain (loss) from covering ( Total (	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	5,804) $ ( 862,425) ( 31,797) ( 900,026) $ (	4,285) $ ( 15,790) ( 56,415) ( 76,490) $ (	14,429) $ ( 1,053,634) ( 34,329) ( 1,102,392) $ (	4,187) $ 625,758) 69,328) 699,273) $

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

fair value through profit or loss
Valuation gain (loss) from securities borrowing transactions Valuation gain (loss) from covering Valuation gain (loss) from the bond investments under resale agreements Total	Three months ended September 30,2025	Three months ended September 30,2024 Nine months ended September 30,2025 156,420 $ 2,190,231) ($ 35,727 37,893 1,934) ( 4,516) ( 190,213 $ 2,156,854) ($	Nine months ended September 30,2024 54,687 $ 6,220 1,349) ( 59,558 $
	2,157,933) ($ 13,578) ( 1,692) ( 2,173,203) ($

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

income

income
Foreign bonds	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	893) ($	63,462) ($	41,596 $	63,462) ($

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

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	Three months ended September 30,2025	Three months ended September 30,2024 Nine months ended September 30, 2025	Nine months ended September 30,2024
	368,856) ($ 60,988) ( 125,373) ( 555,217) ($	900,840 $ 596,558 $ 104,578) ( 190,634) ( 132,034) ( 372,673) ( 664,228 $ 33,251 $	442,176 $ 243,483) ( 433,119) ( 234,426) ($

41) Net gain (loss) from derivatives

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	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	2,498,806 $ 1,969 1,073,932) 19,753 306,891) 101,882) 1,037,823 $	1,142,363 $ 12,476) ( 157,954 83,981) ( 431,797 83,275) ( 1,552,382 $	4,116,248 $ ( 34,531 ( 1,139,195) ( ( 27,198) ( 152,052 ( 262,260) ( ( 2,874,178 $ (	1,680,358) $ 39,907) 670,198) 63,958 135,860) 204,017) 2,666,382) $

42) Expected credit impairment loss and reversal of impairment gain

Impairment (loss) and reversal of impairment gain Recovery of bad debts Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	2,420) ($ 42 2,378) ($	1,014) ($ 39 975) ($	16,549 $ 221 16,770 $	16,403 $ 451 16,854 $

43) Other operating income

Other operating income
Income from securities lending Net currency exchange gain (loss) Handling fee revenues from funds Commission income from Insurance Agency Others Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	93,639 $ 99,892) ( 32,632 72,359 30,170 128,908 $	131,346 $ 7,802) ( 25,525 32,112 15,436 196,617 $	303,760 $ 188,922) ( 86,579 213,132 63,693 478,242 $	324,161 $ 125,479 74,555 125,745 69,396 719,336 $

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44) Handling charges

Three months ended September 30,2025 152,465 $ 64,634 671 217,770 $ Three months ended September 30, 2025	Three months ended September 30,2024 139,693 $ 59,234 142 199,069 $ Three months ended September 30, 2024	Nine months ended September 30, 2025	Nine months ended September 30, 2024
		366,559 $ 160,008 1,549	407,299 $ 165,374 879 573,552 $ Nine months ended September 30,2024
		528,116 $
		Nine months ended September 30, 2025
232,362 $ 123,934 67,272 423,568 $	151,825 $ 220,785 59,792 432,402 $	596,484 $ 439,255 221,940	471,524 $ 559,334 141,171 1,172,029 $
		1,257,679 $

46) Employee benefits expense

Employee benefits expense Total	423,56 $	8 432,40 $	2 1,257,679 $	1,172,029 $
Salaries Labor and health insurance Pension Other employee benefits Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30, 2025	Nine months ended September 30, 2024
	1,162,063 $ 48,228 24,206 44,729 1,279,226 $	793,133 $ 46,347 24,556 36,961 900,997 $	2,403,062 $ 161,149 73,770 136,110 2,774,091 $	2,804,865 $ 142,860 78,764 115,263
				3,141,752 $

A. In accordance with 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%, with no less than 1% designated for rank-and-file employees 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 three months and nine months ended September 30, 2025 and 2024, employees’ compensation was accrued at $47,346, $13,143, $61,275 and $81,468, respectively; directors’ remuneration was accrued at $47,346, $13,143, $61,275 and $81,468, respectively. The aforementioned amounts were recognized in salary expenses.
C. For the nine months ended September 30, 2025, 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 2024 as resolved by the Board of Directors was in agreement with the estimates in the 2024 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.

47) Depreciation and amortization

website. Depreciation and amortization
Depreciation Amortization Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
	71,261 $ 27,481 98,742 $	63,515 $ 25,199 88,714 $	209,052 $ 82,160 291,212 $	188,725 $ 74,106 262,831 $

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48) Other operating expenses

Other operating expenses
Taxes Security lending expenses Computer information expenses TDCC service fee Postage Others Total	Three months ended September 30,2025 Three months ended September 30, 2024	Nine months ended September 30,2025 Nine months ended September 30, 2024 701,939 $ 856,155 $ 182,918 177,446 190,633 176,406 92,359 103,232 74,100 74,173 468,561 393,014 1,710,510 $ 1,780,426 $
	269,717 $ 301,348 $ 62,072 65,483 61,522 58,633 39,828 36,301 25,015 25,890 161,549 145,098 619,703 $ 632,753 $

49) Other gains and losses

Other gains and losses
Financial income Revenue from facility and equipment usage fee Net gain (loss) on disposal of investments Net gain (loss) on valuation of non-operating financial instruments Net currency exchange gain (loss) Other non-operating revenues (expenses) Total	Three months ended September 30,2025 Three months ended September 30,2024 245,554 $ 191,371 $ 17,666 17,205 6,805 8,475 20,316 8,345) ( 2,643 966) ( 19,400 38,302 312,384 $ 246,042 $	Nine months ended September 30,2025	Nine months ended September 30,2024
		744,344 $ 50,265 8,893 31,250 13,325) ( 88,630 910,057 $	519,048 $ 50,200 27,283 1,078) ( 6,273 82,759 684,485 $

50) Income tax

A. Income tax expense

Components of income tax expense:

Three months ended Three months ended Nine months ended Nine months ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Current tax: Current tax on profits for the periods Prior year income tax underestimation (overestimation) Tax on undistributed surplus earnings Total current tax Deferred taxes: Origination and reversal of temporary differences Total deferred taxes Income tax expense (gain)	142,590 $ 1,033 - 143,623 23,326 23,326 166,949 $	154,009 $ 322,242 $ 392,053 $ - 8,246) ( 13,233) ( - 233 81 154,009 314,229 378,901 34,815) ( 74,529 5,962 34,815) ( 74,529 5,962 119,194 $ 388,758 $ 384,863 $

B. As of September 30, 2025, the Company’s income tax returns have been approved by the Tax Authority until 2022, except for 2020 and 2021. The income tax returns through 2023 of all subsidiaries have been assessed, except for President Futures’ assessment until 2022.

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51) Earnings per share

Earnings per share
Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus Basic earnings per share Net income attributable to common shareholders Dilutive effect of common stock equivalents Employee bonus	Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 2,146,459 $ 1,601,415 1.34 $ - 1,944 2,146,459 $ 1,603,359 1.34 $ Amount after tax Weighted-average outstanding common shares (In thousands) Earnings per share (In dollars) 2,667,008 $ 1,601,415 1.67 $ - 2,624 2,667,008 $ 1,604,039 1.66 $ Threemonths ended September30,2025 Nine months ended September 30, 2025 Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 539,765 $ 1,601,415 0.34 $ - 767 539,765 $ 1,602,182 0.34 $ Amount after tax Weighted-average outstanding common shares(In thousands) Earnings per share (In dollars) 3,609,409 $ 1,601,415 2.25 $ - 3,319 3,609,409 $ 1,604,734 2.25 $ Threemonths ended September30,2024 Ninemonths ended September30,2024


	Amount after tax	Weighted-average outstanding common shares(In thousands)
			0.34 $ 0.34 $ Earnings per share (In dollars) 30,2024
	Amount after tax	Weighted-average outstanding common shares(In thousands)
	3,609,409 $ - 3,609,409 $	1,601,415 3,319 1,604,734	2.25 $ 2.25 $

The above-mentioned weighted average number of outstanding shares has been adjusted based on

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the proportion of capital increase on July 14, 2025, and the earnings per share for the three months and nine months ended September 30, 2024 have been recalculated.

7. RELATED PARTY TRANSACTIONS

1) Names and relationships of related parties

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Names of related parties Relationship with the Company
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Names and relationships of related parties Names of related parties	Relationship with the Company
Uni-President Enterprises Corp.	Entity having significant influence on the Company
Uni-President Asset Management Corp.	Associate
President Tokyo Co., Ltd.	Other related party
President Tokyo Auto Leasing Co., Ltd.	Other related party
ScinoPharm Taiwan, Ltd.	Other related party
Ton Yi Industrial Corp.	Other related party
President Chain Store Corp. (PCSC)	Other related party
Presco Netmarketing, Inc.	Other related party
President Professional Baseball Team Co., Ltd.	Other related party
President Information Corp.	Other related party
Q-WARE Systems & Services Corp.	Other related party
Tung Ho Development Co., Ltd.	Other related party
Fund managed by Uni-President Asset	Security investment trust fund raised by the
Management Corp.	Uni-President Assets Management Corp. (Note)

Note: In accordance with the Q&A issued by the Competent Authority in July 11, 2025 regarding the retrospective application of the “Clarification on the Identification of Related Parties” published by the Accounting Research and Development Foundation, from the 2025 Q3 consolidated financial statements. The Group reassessed the relationships and transactions, prior to the issuance of the Q&A, involving funds managed by Uni-President Asset Management Corp. and determined that such funds are not considered related parties. Therefore, the Group did not restate the information of the comparative period and retrospectively adjust the relationships and transactions of related parties, which were identified and disclosed in the previous financial statements.

(Blank below)

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2) Significant related party transactions and balances

A. Accounts receivable

B. C. D.	Prepayments Other receivables Guarantee deposit received Entity having significant influence on the Company: Uni-President Enterprises Corp. Associate: Uni-President Assets Management Corp. Other related party: ScinoPharm Taiwan, Ltd. Ton Yi Industrial Corp. President Chain Store Corp. (PCSC) Others Total Entity having significant influence on the company: Uni-President Enterprises Corp. Other related party: President Professional Baseball Team Corp. Q-WARE Systems & Services Corp. Tung Ho Development Co., Ltd. President Chain Store Corp. (PCSC) Presco Netmarketing, Inc. President Information Corp. Others Total Associate: Uni-President Assets Management Corp. Other related party: Others Total Associate: Uni-President Assets Management Corp.	September30,2025 December31,2024 September30,2024 382 $ 318 $ 318 $ 10 - 10 315 322 323 101 - 100 216 231 231 73 73 78 1,097 $ 944 $ 1,060 $ September30,2025 December31,2024 September30,2024 2 $ - $ - $ 4 - - 3,997 4,682 5,063 600 600 600 158 158 158 121 121 121 534 300 109 37 26 25 5,453 $ 5,887 $ 6,076 $ September30,2025 December31,2024 September30,2024 33 $ 76 $ 111 $ 18 18 18 51 $ 94 $ 129 $ September30,2025 December31,2024 September30,2024 1,497 $ 1,497 $ 1,497 $

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E. Accounts payable

Other related party: President Tokyo Co., Ltd. Presco Netmarketing, Inc. President Information Corp. Total	September30,2025 December31,2024 160 $ 4 $ - 143 516 400 676 $ 547 $	September30,2024 22 $ 122 438 582 $

－
F. Lease transactions lessee
(A) The Group 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
- a. Acquisition of right-of-use assets

b. Disposal of right-of-use assets
Lease liabilities
a. Lease liabilities - current
b. Lease liabilities - non-current
Other related party:
President Tokyo Co., Ltd.
Other related party:
President Tokyo Co., Ltd.
S
Other related party:
President Tokyo Co., Ltd.
President Tokyo Auto Leasing Co., Ltd.
Total
S
Other related party:
President Tokyo Co., Ltd.
President Tokyo Auto Leasing Co., Ltd.
Total

Nine months ended
September 30, 2025
Nine months ended
September 30, 2024
15,557
$ 9,237
$ Nine months ended
September 30,2025
Nine months ended
September 30,2024
356
$ 8,375
$ eptember30,2025
December31,2024
September30,2024
7,067
$ 5,974
$ 6,367
$ 755
751
750
7,822
$ 6,725
$ 7,117
$ eptember30,2025
December31,2024
September 30, 2024
20,637
$ 11,490
$ 11,895
$ 126
693
882
20,763
$ 12,183
$ 12,777
$

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c. Financial costs

Financial costs
Net gain from lease modifications Three months ended September 30, 2025 Other related party: President Tokyo Co., Ltd. 93 $ President Tokyo Auto Leasing Co., Ltd. 2 Total 95 $ Three months ended September 30, 2025 Other related party: President Tokyo Co., Ltd. 1 $	Three months ended September 30, 2025	Three months ended September 30,2024 55 $ 3 58 $ Three months ended September 30,2024 40 $	Nine months ended September 30,2025 207 $ 6 213 $ Nine months ended September 30, 2025	Nine months ended September 30, 2024
				137 $ 9 146 $ Nine months ended September 30,2024
	1 $		1 $	52 $

d. Net gain from lease modifications

G. Handling fee revenue

Handling fee revenue
Security investment trust fund raised by the Uni-President Asset Management Corp.: Fund managed by Uni-President Asset Management Corp. (Note) Other related party: Others Total	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025 - $ 1,328 1,328 $	Nine months ended September 30,2024
	- $ 86 86 $	49,469 $ 683 50,152 $		163,809 $ 1,555 165,364 $

Note: Please refer to the (1) “Names and relationships of related parties” for explanation.

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

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

Associates: Uni-President Assets Management Corp.	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025 Nine months ended September 30, 2024
	8,573 $	7,333 $	23,912 $ 21,433 $

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

I. Other operating revenue - others

Other operating revenue-others
Other operating revenue-handling fee revenues from Three months ended September 30,2025 Associates: Uni-President Assets Management Corp. 600 $	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025
		underwriting 600 $
Associates: Uni-President Assets Management Corp.	Three months ended September 30,2025 26,591 $	Three months ended September 30,2024
		24,910 $		75,391 $	72,554 $

J. Other operating revenue - handling fee revenues from underwriting funds

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

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K. Rent income

Three months ended Three months ended Nine months ended Nine months ended Period Deposit September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Associates: Uni-President Assets Management Corp. 2016.01.01~2028.08.31 $ 1,497 $ 2,417 $ 2,405 $ 7,251 $ 7,124

Rental income mentioned above is derived from leasing part of the Group’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.

L. Revenues from underwriting business - other revenues from underwriting business

Stock custodian income Entity having significant influence on the Company: Uni-President Enterprises Corp. Entity having significant influence on the Company: Uni-President Enterprises Corp. Associate: Uni-President Assets Management Corp. Other related party: ScinoPharm Taiwan, Ltd. Ton Yi Industrial Corp. President Chain Store Corp. (PCSC) Others Total	Three months ended September 30, 2025	Three months ended September 30, 2024	Nine months ended September 30,2025	Nine months ended September 30, 2024
	525 $ Three months ended September 30,2025	- $ Three months ended September 30,2024	825 $ Nine months ended September 30,2025	75 $ Nine months ended September 30,2024
	1,066 $ 31 560 314 583 183 2,737 $	1,026 $ 31 586 308 749 185 2,885 $	3,061 $ 106 1,676 936 2,050 554 8,383 $	3,079 $ 106 1,730 940 2,170 556 8,581 $

M.Stock custodian income

Terms of stock custodian income mentioned above are similar to third parties.

N. Other operating expenses – others

Other operating expenses–others
Other non-operating expenses–others Three months ended September 30,2025 Entity having significant influence on the Company: Uni-President Enterprises Corp. 163 $ Other related party: President Tokyo Co., Ltd. 247 Presco Netmarketing, Inc. 596 President Professional Baseball Team Corp. 13 Q-WARE Systems & Services Corp. 29 President Information Corp. 512 Others 399 Total 1,959 $ Three months ended September 30,2025 Other related party: President Tokyo Co., Ltd. - $	Three months ended September 30,2025	Three months ended September 30,2024	Nine months ended September 30,2025	Nine months ended September 30,2024
		- $ 39 769 - 289 329 - 1,426 $ Three months ended September 30,2024	172 $ 305 1,327 2,602 2,391 712 399 7,908 $ Nine months ended September 30,2025	- $ 138 1,368 2,310 289 329 - 4,434 $ Nine months ended September 30,2024 243 $
Other related party: President Tokyo Co., Ltd.
	- $	- $	- $

O. Other non-operating expenses – others

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P. Purchases of trading securities - dealer

Ending Shares (In thousands) EndingBalance September 30,2025	Ending Shares (In thousands) EndingBalance September 30,2025	Three months ended September 30,2025		Nine months ended September 30,2025
Ending Shares (In thousands)		Gain(loss) - $ - 283 283 $ Year ended December 31,2024	Gain(loss) 404) ($ 95 396 87 $ Nine months ended September 30,2024
1,318 103,331 $ 9 2,232 - 105,563 $ Ending Shares (In thousands) EndingBalance December 31,2024
Ending Shares (In thousands)		Gain(loss) 786 $ 32,542 130 33,458 $ Three months ended September 30,2024
100 8,090 $ 183,107 9 2,367 193,564 $ Ending Shares (In thousands) EndingBalance September 30,2024
Ending Shares (In thousands)		Gain(loss) 785 $ 6,692 123 7,600 $		Gain(loss) 786 $ 20,274 123 21,183 $
56 9	4,883 $ 179,804 2,655 187,342 $

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Q. 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		Three months ended September 30,2025		Three months ended September 30,2024 Nine months ended September 30,2025 38,740 $ 148,212 $ 354 1,474 - - - - - - 39,094 $ 149,686 $		Nine months ended September 30,2024
		76,744 $ 502 - - - 77,246 $				168,434 $ 1,300 - - - 169,734 $

8. PLEDGED ASSETS

The Group’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) Others 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 - Refundable deposits Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - non-current	September30,2025 9,695,000 $ 637,700 10,950,576 2,298,598 1,100,000 7,002,350 10,912 500,000 50,000 1,076,310 640,000 2,000	December31,2024 3,214,000 $ 93,900 7,312,417 1,847,763 100,000 3,606,350 384,288 500,000 50,000 1,080,330 640,000 2,000	September30,2024 5,365,000 $ 44,200 11,646,282 1,538,507 100,000 - 1,260,078 500,000 50,000 1,081,670 640,000 2,000	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 Security deposits

9. SIGNIFICANT COMMITMENTS

None.

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10. SIGNIFICANT LOSS FROM NATURAL DISASTER

None.

11. SIGNIFICANT SUBSEQUENT EVENT

None.

12. OTHER

1) Management objective and policy of financial risks
A. Risk management objective

The Group continually strengthens risk culture to every employee and makes sure that the Group 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 Group sets up “Risk Management Policy”. Such policy aims to establish internal system compliance and the guiding tools for policies communication within the Group and enable every layer of the Group 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 Group’s risk management system covers risks incurred from businesses on 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 Group 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 Group.
(C) The General Manager supervises daily risk management of the entire Group and is responsible for the following:
- a. Supervise and monitor daily risk management of the entire Group.
- 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 Group.

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b. Analyze and control the entire Group’s assets and liabilities portfolio.
c. Approval of various businesses’ quotas.
d. Gather and analyze information on domestic and offshore interest rate, exchange rate, prosperity fluctuation, political and economic environmental changes, and predict the financial trend in the future.
(E) Risk Control Office implements risk management policy and related regulations and reports to the Risk Management Committee. Risk Control Office also reports daily risk management to the General Manager and is responsible for the following:
a. Establish Risk Management Policy of the entire Group.
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.

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D. Risk management policy

In order to ensure the completeness of risk management system, run the balancing mechanism of risk management, and improve the division efficiency of risk management, the Group sets up “Risk Management Policy”. Such policy aims to establish internal system compliance and the guiding tools for policies communication within the Group and enable every layer of the Group 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 Group has implemented risk management information system (Risk Manager) in relation to market risk control. All trading positions of the Group 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 risks

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 legalrelated issues.

(F) Climate risks

Based on the two major risk indicators of climate risk, 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 Group’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.

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

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

2) Credit risk
A. Source and definition of credit risk

The credit risk exposure of the Group 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 Group failing to repay its obligation due to the fact that the issuer breaches the contract resulting in the risk of financial loss to the Group.
(B) Credit risk of counterparty refers to risk of financial loss to the Group 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 Group 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 consolidated 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 Group 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 Group, 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 Group are bond funds. As the positions held are not significant, credit risk is deemed low.

b. Commercial papers

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

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

(b) Corporate bonds

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

The convertible corporate bonds held by the Group are mostly issued by the domestic legal entities. The Group 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 Group are mainly underlying investment with good credit rating and those with rating above (S&P BB).

(C) Financial assets at fair value through other comprehensive income - current
The foreign government bonds held by the Group are classified as debt instruments at fair value through other comprehensive income. In general, the bonds held by the Group are with lower credit risk.
(D) Derivatives - futures trade margin

When engaging in futures trades in stock exchange market, the Group 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 Group 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(12).

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

(F) Bonds investment under a resale agreement Bonds sold under a resale agreement are the bonds that the client sold to the Group 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 Group needs to assume credit risk from counterparties when underwriting such business, as the payment being delivered to the other party. With consideration of good collateral obtained, the net of credit risk exposure from counterparties can be effectively reduced. As all the counterparties are financial institutions with good credit rating, the credit risks from counterparties are extremely low. Please refer to Note 6(12).

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(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 Group monitors the clients’ margin ratio through information system on a daily basis. As the margin ratio of margin trading is set at 130% according to Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms, the credit risk is extremely low.
(H) Receivables of securities business money lending
Receivables of securities business money lending are the non-restricted purpose loan business and monetary financing business, pursuant to an agreement between a securities firm and a customer, using customer securities and other commodities as collateral. The Group regularly assesses its customer line of credit and implements appropriate credit control. As the margin ratio of margin trading is set at 130% according to Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms, the credit risk is extremely low.
(I) Guaranteed price for securities lending Guaranteed price for securities lending is the sale price of the Group’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 Group’s securities are sold. As all the counterparties are financial institutions with good credit, the credit risk from counterparties is extremely low.
(K) Receivables

Receivables are the credit rights arising from the securities business including settlement receivables of consignment trading, settlement receivables of operating securities sold, financing interest receivables of self-operating credit transaction, receivables of consignment trading for securities, and receivables from banks’ underwriting on foreign exchange transactions and foreign fund demand. As the majority of the Group’s receivables from the consignment businesses and self-operating businesses are settlement of securities from OTC 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 and loss - non-current In order to underwrite trust business, the Group deposits central government bonds in the Central Bank as collateral. Regardless of the bonds themselves or the financial institutions where the bonds are 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.

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

Item	Stage1	Stage2	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 sheetdate.	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 Group 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

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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 Group will write off the non-recoverable portion of the overdue receivables as bad debt.
- a. Debt cannot be fully or partially recovered due to dissolution of, disappearance of, settlement with, bankruptcy declaration by the debtor, or any other reason.
- b. The collateral and the assets of the primary and secondary debtors could not be auctioned off after multiple attempts and multiple price discounts, and the Company has not received any real benefits in assuming the collateral.
- c. Payments are over two years past due and could not be recovered after attempts to collect.
(D) Measurement of expected credit losses
- The Group 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 Group
(A) At September 30, 2025, December 31, 2024 and September 30, 2024, 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 Group applies the simplified approach to measure the loss allowance at an amount equal to lifetime expected credit losses for margin loans receivable, accounts receivable, other

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receivable-others and overdue receivables. The movements in loss provision of margin loans receivable, accounts receivable, other receivable-others and other non-current assetsoverdue receivables of the Group are as follows:

==> picture [449 x 393] intentionally omitted <==

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

Nine months ended September 30, 2025
Margin Securities lending Other non-current
loans receivable - Accounts Other assets-overdue
receivable unrestricted purposes receivable receivables receivables Total
At January 1 $ 27,740 $ - $ 491 $ 275 $ 6,004 $ 34,510
Provision
(reversal of
provision) for
impairment ( 15,975) 351 ( 270) - ( 655) ( 16,549)
At September 30 $ 11,765 $ 351 $ 221 $ 275 $ 5,349 $ 17,961
Year ended December 31, 2024
Margin Securities lending Other non-current
loans receivable - Accounts Other assets-overdue
receivable unrestricted purposes receivable receivables receivables Total
At January 1 $ 46,779 $ - $ 641 $ 275 $ 1,965 $ 49,660
Provision
(reversal of
provision) for
impairment ( 19,039) - ( 150) - 4,039 ( 15,150)
At December 31 $ 27,740 $ - $ 491 $ 275 $ 6,004 $ 34,510
Nine months ended September 30, 2024
Margin Securities lending Other non-current
loans receivable - Accounts Other assets-overdue
receivable unrestricted purposes receivable receivables receivables Total
At January 1 $ 46,779 $ - $ 641 $ 275 $ 1,965 $ 49,660
Provision
(reversal of
provision) for
impairment ( 19,431) - ( 255) - 3,283 ( 16,403)
At September 30 $ 27,348 $ - $ 386 $ 275 $ 5,248 $ 33,257
----- End of picture text -----

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 Group’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 Group 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 Group 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

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the Group.

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) Simulation test
- a. The Group reviews fund liquidity risk from a perspective of supply and demand of fund every month with simulation analysis of available fund for emergency including scenario analysis of cash, funding limit of financial institutions, margin loans and short sale, and value of disposal of position in order to compute maximum available fund and fund demand. Finally, safety stock of fund is reviewed to monitor liquidity risk.
- b. Above liquidity risk is generally reviewed monthly. However, if the available limit of increment banking credit risk in financing limit of a financial institution is lower than a certain amount (that is, the amount may be timely adjusted according to the fund liquidity in the market and the actual fund demand and supply in an entity), the safety stock will be reviewed weekly. After the early warning report for fund is submitted, the head of finance segment will call for a fund control meeting.
- c. Other than individual funding liquidity risk of an entity, stress test of minimization funding supply and maximization funding demand in the event of significant crisis is simulated, including:
  - (a)When there is a significant crisis in the market, the financing limit of the financial institutions and the value of disposal of position can be deemed the minimized ratio of fund supply which is then adjusted according to actual condition to compute the total fund supply under maximum stress.
  - (b)Except for the operating expense, the stock concept is adopted for the calculation of total fund demand under maximum stress.
  - (c)The Group should conduct a review to see whether the total minimized fund supply is more than maximized total fund demand. The Group 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 Group holds cash and sound earning assets with high liquidity in order to fulfil the payment obligation and potential emergency fund demand in the market. Financial assets held for liquidity risk management are mainly cash and cash equivalents, among which, all time deposits mature within a year. Financial assets at fair value through profit and loss are mainly listed stocks, convertible bonds and debt securities. As all of them have positions in active market, the liquidity risk is deemed low.

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

	September30,2025	September30,2025
Immediately	Less than 3 months	3-12 months	1-5years - $ - - - - - - - - - - - - 1,500,000 159,980 1,659,980 $	Total
1,863,350 $ 1,500,000 18,004,532 5,600,771 - 1,029,258 1,407,570 - 34,816,119 29,527,793 898,576 20,913 - - - 94,668,882 $	7,036,537 $ 22,200,000 - - 31,020,974 - - 2,464,784 - 165,384 18,656 457,896 8,494,734 - 17,616 71,876,581 $	- $ - - 2,355,258 - - - 361,603 - - 92,511 2,091,641 1,124,992 - 57,370 6,083,375 $		8,899,887 $ 23,700,000 18,004,532 7,956,029 31,020,974 1,029,258 1,407,570 2,826,387 34,816,119 29,693,177 1,009,743 2,570,450 9,619,726 1,500,000 234,966
				174,288,818 $

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		December31,2024
Immediately	Less than 3 months	3-12 months	1-5years - $ - - - - - - - - - - - - 149,590 149,590 $	Total
1,060,000 $ 200,000 7,465,737 4,828,015 - 1,208,692 1,707,090 - 35,522,374 27,359,191 848,621 20,131 - - 80,219,851 $	7,244,220 $ 32,810,000 - - 15,730,764 - - 659,427 - 116,392 19,261 425,083 12,405,988 21,813 69,432,948 $	500,000 $ - - 1,242,786 - - - 314,149 - - 90,116 2,413,640 1,395,595 50,291 6,006,577 $		8,804,220 $ 33,010,000 7,465,737 6,070,801 15,730,764 1,208,692 1,707,090 973,576 35,522,374 27,475,583 957,998 2,858,854 13,801,583 221,694
				155,808,966 $

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	September30,2024	September30,2024
Immediately	Less than 3 months	3-12 months	1-5years - $ - - - - - - - - - - - - 139,883 139,883 $	Total
2,090,000 $ 1,200,000 7,078,708 5,423,211 - 827,949 1,083,714 - 32,966,331 30,885,806 1,834,788 17,771 - - 83,408,278 $	7,214,150 $ 29,950,000 - - 17,949,983 - - 2,509,838 - 107,516 14,163 338,217 12,027,956 16,585 70,128,408 $	- $ - - 906,068 - - - 578,777 - - 90,374 2,195,687 1,937,992 52,805 5,761,703 $		9,304,150 $ 31,150,000 7,078,708 6,329,279 17,949,983 827,949 1,083,714 3,088,615 32,966,331 30,993,322 1,939,325 2,551,675 13,965,948 209,273
				159,438,272 $

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4) Market risk

A. Definition of market risk

Market risk refers to the risk of decrease in the Group’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 Group 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 Group 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 Group. 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-day VaR of transactions	Statistical table for one-dayVaR of transactions	Statistical table for one-dayVaR of transactions
Nine months ended September 30,2025 September 30, 2025 VaR Maximum VaR Average VaR Minimum	Amount 230,949 $ 304,739 175,725 97,086	Nine months ended September 30,2024 September 30, 2024 VaR Maximum VaR Average VaR Minimum	Amount 245,631 $ 387,756 196,327 43,520

Nine months ended September 30,2025 Statistical	Foreign exchange Interest Share ownership 20,732 $ 33,305 $ 233,417 $ 57,090 54,162 292,156 18,418 38,725 172,042 1,575 2,603 95,552 Foreign exchange Interest Share ownership 22,062 $ 24,695 $ 249,198 $ 30,481 31,113 381,161 15,437 12,108 197,946 6,794 855 38,055 table for VaR of various risk indicators of transactions	Foreign exchange Interest Share ownership 20,732 $ 33,305 $ 233,417 $ 57,090 54,162 292,156 18,418 38,725 172,042 1,575 2,603 95,552 Foreign exchange Interest Share ownership 22,062 $ 24,695 $ 249,198 $ 30,481 31,113 381,161 15,437 12,108 197,946 6,794 855 38,055 table for VaR of various risk indicators of transactions
September 30, 2025 VaR Maximum VaR Average VaR Minimum Nine months ended September 30,2024		233,417 $ 292,156 172,042 95,552 Share ownership
September 30, 2024 VaR Maximum VaR Average VaR Minimum		249,198 $ 381,161 197,946 38,055

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C. Information on gap of foreign exchange risk

The following table summarizes financial instruments of foreign assets or liabilities by currency and the foreign exchange exposure presented by book value as of September 30, 2025, December 31, 2024 and September 30, 2024:

Financial assetsin foreigncurrencies Cash and cash equivalents Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income - current Bonds purchased under resale agreements Investments accounted for under the equity method Others Financial liabilitiesin foreigncurrencies Short-term loans Financial liabilities at fair value through profit or loss Bonds sold under repurchase agreements Others			September30,2025	September30,2025	September30,2025
	USD 927,730 $ 11,967,130 7,248,170 527,328 - 12,696,456 3,549,887 837,118 15,467,351 16,162,226	EUR 425,715 $ 2,887,284 - 108,062 - 757,160 - 110,017 2,143,338 1,177,365	AUD 179,858 $ 1,759,944 - 167,489 - 467,779 - 115,008 1,557,176 488,949	RMB 5,305 $ 96,044 - - 2,469,350 1,083 - 19,338 - 1,061,188	HKD 859,650 $ 435,468 - - - 1,086,509 - 237 - 1,064,378	Others 111,991 $ 1,149,134 - - - 199,234 - 55,257 348,365 850,348	Total
							2,510,249 $ 18,295,004 7,248,170 802,879 2,469,350 15,208,221 3,549,887 1,136,975 19,516,230 20,804,454

Note: As of September 30, 2025, foreign exchange rates of the above currencies to TWD were 1 USD = 30.445TWD; 1 EUR = 35.770TWD; 1 AUD = 20.110TWD; 1 RMB = 4.271TWD; and 1 HKD = 3.913TWD, respectively.

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Financial assetsin 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 accounted for under the equity method Others Financial liabilitiesin foreigncurrencies Short-term loans Financial liabilities at fair value through profit or loss Bonds sold under repurchase agreements Others	USD 1,189,726 $ 7,952,799 3,672,279 - 20,640,027 744,220 418,230 9,878,524 21,989,261	EUR 1,908 $ 1,045,709 - - 38,001 - - 947,867 33,282	AUD RMB HKD Others 3,611 $ 57,376 $ 971,842 $ 106,475 $ 1,253,627 59,368 5,297 631,134 - - - - - 2,641,462 - - 10,886 1,583 1,458,704 222,167 - - - - - 3,385 201 3,231 1,171,710 40,157 - 127,928 9,943 404,327 1,449,485 515,688 December31,2024	Total
				2,330,938 $ 10,947,934 3,672,279 2,641,462 22,371,368 744,220 425,047 12,166,186 24,401,986

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.

Financial assetsin foreigncurrencies Cash and cash equivalents Financial assets at fair value through profit or loss Bonds purchased under resale agreements Investments accounted for under the equity method Others Financial liabilitiesin foreigncurrencies Short-term loans Financial liabilities at fair value through profit or loss Bonds sold under repurchase agreements Others			September30,2024	September30,2024	September30,2024
	USD 1,722,077 $ 11,996,472 - - 13,801,192 1,614,150 498,657 8,314,558 18,192,469	EUR 117,880 $ 3,002,672 55,045 - 1,062,438 - 58,017 2,359,495 1,173,384	AUD 2,092 $ 1,435,756 - - 228,753 - 2,434 1,312,472 95,772	RMB 37,607 $ 233,922 - 2,649,558 5,907 - 1,278 120,972 222,344	HKD 1,037,273 $ 252,647 - - 720,945 - 2,986 - 1,109,546	Others 43,608 $ 742,417 - - 317,526 - 4,026 174,332 250,685	Total
							2,960,537 $ 17,663,886 55,045 2,649,558 16,136,761 1,614,150 567,398 12,281,829 21,044,200

Note: As of September 30, 2024, foreign exchange rates of the above currencies to TWD were 1 USD = 31.650 TWD; 1 EUR= 35.380 TWD; 1 AUD= 21.930 TWD; 1 RMB= 4.523 TWD; and 1 HKD=4.075 TWD, respectively.

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     - D. The total exchange gain (loss), including realized and unrealized, arising from significant foreign exchange variation on the monetary items held by the Group for the three months and nine months ended September 30, 2025 and 2024, amounted to ($97,249), ($8,768), ($202,247) and $131,752, respectively.

5) Fair values 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 Group’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.

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

B. Valuation techniques
(A)For financial instruments held for trading purposes which are classified as non-derivative instruments, their fair values are based on their quoted prices in an active market. If there is no quoted market price for reference, a valuation technique will be adopted to measure the fair value. Estimates and assumptions of valuation technique adopted by the Group 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 Group. 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

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options are valued at the Black-Scholes model.

(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 Group 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 Group’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 Group 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 nine months ended September 30, 2025 and 2024, 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 Group’s investment in unlisted stocks is included in Level 3. For the nine months ended September 30, 2025 and 2024, some of the unlisted stocks became the emerging stocks, therefore these stocks were transferred from Level 3 to Level 2.

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(B)Hierarchy of fair value estimation of financial instruments

Recurring fair value Non-derivative financial instruments Assets Financial assets at fair value through profit or loss - current Stock investments Bond investments Others Financial assets at fair value through other comprehensive income - current Stock investments Bond investments Financial assets at fair value through profit or loss - non-current Stock investments Bond investments Others 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		September	30,2025
	Total 24,440,018 $ 38,991,925 4,827,900 1,963,884 7,248,170 1,728 49,859 63,500 1,559,891 18,004,532 8,361,573 7,956,029	Level 1 24,178,190 $ 4,629,050 4,827,900 1,963,884 7,248,170 - - - - 18,004,532 8,059,899 1,699,972	Level 2 97,863 $ 34,362,875 - - - - 49,859 - - - 301,674 6,256,057	Level3
				163,965 $ - - - - 1,728 - 63,500 1,559,891 - - -

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Recurring fair value Non-derivative financial instruments Assets Financial assets at fair value through profit or loss - current Stock investments Bond investments Others Financial assets at fair value through other comprehensive income - current Stock investments Bond investments Financial assets at fair value through profit or loss - non-current Stock investments Bond investments Others 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		December	31,2024
	Total 19,696,036 $ 31,653,542 5,817,978 823,611 3,672,279 1,734 49,437 66,500 1,452,561 7,465,737 4,237,526 6,070,801	Level 1 19,407,784 $ 8,414,603 5,817,978 823,611 3,672,279 - - - - 7,465,737 4,177,468 1,757,891	Level 2 142,863 $ 23,238,939 - - - - 49,437 - - - 60,058 4,312,910	Level3
				145,389 $ - - - - 1,734 - 66,500 1,452,561 - - -

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Recurring fair value Non-derivative financial instruments Assets Financial assets at fair value through profit or loss - current Stock investments Bond investments Others Financial assets at fair value through other comprehensive income - current Stock investments Financial assets at fair value through profit or loss - non-current Stock investments Bond investments Others 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		September	30,2024
	Total 20,773,792 $ 36,307,934 5,289,828 732,093 1,735 49,507 66,500 1,395,127 7,078,708 4,335,777 6,329,279	Level 1 20,512,033 $ 9,562,580 5,289,828 732,093 - - - - 7,078,708 4,324,109 2,179,013	Level 2 132,260 $ 26,745,354 - - - 49,507 - - - 11,668 4,150,266	Level3
				129,499 $ - - - 1,735 - 66,500 1,395,127 - - -

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

Financial assets at fair value through profit or loss - current Unlisted stocks Financial assets at fair value through profit or loss - non-current Venture capital shares Others Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	January1	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 18,576 $ - $ - $ - $ 6) ( - - - 3,000) ( - - - - 107,330 - - Ninemonths ended September30,2025 Valuation amount Increased Year ended December 31, 2024	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 18,576 $ - $ - $ - $ 6) ( - - - 3,000) ( - - - - 107,330 - - Ninemonths ended September30,2025 Valuation amount Increased Year ended December 31, 2024	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 18,576 $ - $ - $ - $ 6) ( - - - 3,000) ( - - - - 107,330 - - Ninemonths ended September30,2025 Valuation amount Increased Year ended December 31, 2024	Recorded in profit or loss Recorded in other comprehensive income(loss) Acquired/ Issued Transfers into level 3 18,576 $ - $ - $ - $ 6) ( - - - 3,000) ( - - - - 107,330 - - Ninemonths ended September30,2025 Valuation amount Increased Year ended December 31, 2024	Decreased	Decreased	September 30 163,965 $ 1,728 63,500 1,559,891
						Sold/ Diposed or Settled	Transfers out from level 3
	145,389 $ 1,734 66,500 1,452,561					- $ - - -	- $ - - -
Financial assets at fair value through profit or loss - current Unlisted stocks Financial assets at fair value through profit or loss - non-current Venture capital shares Others Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	January1	Valuation amount		Increased		Decreased		December 31
		Recorded in profit or loss	Recorded in other comprehensive income(loss)	Acquired/ Issued	Transfers into level 3	Sold/ Diposed or Settled Transfers out from level 3
	140,165 $ 10,004 58,500 1,168,288	7,224 $ - $ - $ 8,270) ( - - 8,000 - - - 284,273 - Ninemonths ended September30,2024			- $ - - -	2,000) ($ - $ - - - - - -		145,389 $ 1,734 66,500 1,452,561
Financial assets at fair value through profit or loss - current Unlisted stocks Financial assets at fair value through profit or loss - non-current Venture capital shares Others Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	January1	Valuation amount		Increased		Decreased		September 30
		Recorded in profit or loss	Recorded in other comprehensive income(loss)	Acquired/ Issued	Transfers into level 3	Sold/ Diposed or Settled	Transfers out from level 3
	140,165 $ 10,004 58,500 1,168,288	8,666) ($ 8,269) ( 8,000 -	- $ - - 226,839	- $ - - -	- $ - - -	2,000) ($ - - -	- $ - - -	129,499 $ 1,735 66,500 1,395,127

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

September 30,2025	Fairvalue	Valuation technique Significant unobservable input Price to book ratio multiple Price to earnings ratio multiple Discount for lack of marketability Latest transaction price Net asset value Not applicable Net asset value Not applicable Market price net profit after tax multiplier Price to book ratio multiple Discount for lack of marketability Market approach Market approach	Range (weighted average)	Relationship of inputs to fair value
Financial assets at fair value through profit or loss - current Financial assets at fair value through profit or loss - non-current Venture capital shares 1,728 Others 63,500 Financial assets at fair value through other comprehensive income - non-current Unlisted stocks 1,559,891 Unlisted stocks 163,965 $			1.78~7.34 18.46 25% Not applicable Not applicable Not applicable 23.52~24.17 3.14~3.28 25%	The higher the discount for lack of marketability, the lower the fair value Not applicable Not applicable Not applicable The higher the discount for lack of marketability, the lower the fair value The higher the multiple, the higher the fair value The higher the multiple, the higher the fair value

(Blank below)

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December 31,2024
Fairvalue
Valuation
technique
Significant unobservable
input
Financial assets at fair
value through profit or
loss - current
Price to book ratio
multiple
Price to earnings ratio
multiple
Discount for lack of
marketability
Latest transaction price
Financial assets at fair
value through profit or
loss - non-current
Venture capital shares
1,734

Net asset
value
Not applicable
Others
66,500

Net asset
value
Not applicable
Financial assets at fair
value through other
comprehensive income
- non-current
Market price net profit
after tax multiplier
Price to book ratio
multiple
Discount for lack of
marketability
September 30,2024
Fairvalue
Valuation
technique
Significant unobservable
input
Financial assets at fair
value through profit or
loss - current
Price to book ratio
multiple
Price to earnings ratio
multiple
Discount for lack of
marketability
Latest transaction price
Financial assets at fair
value through profit or
loss - non-current
Venture capital shares
1,735
Net asset
value
Not applicable
Others
66,500
Net asset
value
Not applicable
Financial assets at fair
value through other
comprehensive income
- non-current
Market price net profit
after tax multiplier
Price to book ratio
multiple
Discount for lack of
marketability
Unlisted stocks
129,499
$ Market
approach
Market
approach
Unlisted stocks
145,389
$ Market
approach
Unlisted stocks
1,395,127
Market
approach
Unlisted stocks
1,452,561

Range (weighted
average)
Relationship of inputs to
fair value

1.94~6.11
19.66
25%
The higher the discount
for lack of marketability,
the lower the fair value
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
22.30~23.84
2.67~3.25
25%
The higher the discount
for lack of marketability,
the lower the fair value
Range (weighted
average)
Relationship of inputs to
fair value
1.95~5.97
The higher the multiple,
the higher the fair value
18.51
25%
The higher the discount
for lack of marketability,
the lower the fair value
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
19.53~22.28
2.53
25%
The higher the discount
for lack of marketability,
the lower the fair value
The higher the multiple,
the higher the fair value
The higher the multiple,
the higher the fair value
The higher the multiple,
the higher the fair value

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(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.

(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 Group 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	Recognised inprofit or loss	Recognised inprofit or loss	Recognised in other comprehensive income	Recognised in other comprehensive income
September 30,2025	Favourable change	Unfavourable change	Favourable change	Unfavourable change
Financial assets at fair value through profit or loss - current Unlisted stocks Financial assets at fair value through profit or loss - non-current Venture capital shares Others Financial assets at fair value through other comprehensive income - non-current Unlisted stocks Item	1,640 $ 1,640) ($ Not applicable Not applicable Not applicable Not applicable - - Favourable change Unfavourable change Recognised inprofit or loss		- $ - $ - - - - 15,599 15,599) ( Recognised in other comprehensive income
December 31,2024			Favourable change	Unfavourable change
Financial assets at fair value through profit or loss - current Unlisted stocks Financial assets at fair value through profit or loss - non-current Venture capital shares Others Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	1,454 $ Not applicable Not applicable -	1,454) ($ Not applicable Not applicable -	- $ - - 14,526	- $ - - 14,526) (

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Item	Recognised inprofit or loss	Recognised inprofit or loss	Recognised in other comprehensive income	Recognised in other comprehensive income
September 30,2024	Favourable change	Unfavourable change	Favourable change	Unfavourable change
Financial assets at fair value through profit or loss - current Unlisted stocks Financial assets at fair value through profit or loss - non-current Venture capital shares Others Financial assets at fair value through other comprehensive income - non-current Unlisted stocks	1,295 $ Not applicable Not applicable -	1,295) ($ Not applicable Not applicable -	- $ - - 13,951	- $ - - 13,951) (

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 Group 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 Group 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 Group manages capital based on the business development, related regulations and financial market environment. Major capital evaluation processes include:
(A) Each segment should provide accurate and valid source of information to maintain calculation accuracy of capital adequacy ratio.
(B) After the reporting at the 10th of each month, capital adequacy ratio should be computed by the end of every month. If the result is close to the legal standard, every unit will be 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 Group should be agreed by the Board of Directors. The Group 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 Group is actively engaged in development of various businesses and continually increases profit, creates company value, and complies with the capital management objective.

The Group calculates and reports the capital adequacy ratio according to “Rules Governing Securities Firms”. As of September 30, 2025, December 31, 2024 and September 30, 2024, the capital adequacy ratios were 303%, 332% and 277%, respectively, as required by the regulations.

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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 consolidated financial statements on a semiannual basis.

(Blank Below)

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8) Status of the company in the limitations on financial ratios imposed by futures trading act, and the related implementation The table below is prepared according to “Regulations Governing Futures Commission Merchants”.

==> picture [702 x 175] intentionally omitted <==

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

September 30, 2025 September 30, 2024
Article Calculation formula Standard Enforcement
Calculation Ratio Calculation Ratio
Stockholders’ equity 3,171,948 3,135,065 Met the
17 47.11 25.17 ≧ 1
(Total liability－futures trader’s equity) 67,336 124,566 requirement
Current assets 9,044,898 5,573,704 Met the
17 134.32 44.74 ≧ 1
Current liabilities 67,336 124,566 requirement
Stockholders’ equity 3,171,948 3,135,065 ≧ 60% Met the
22 792.99% 783.77%
Minimum paid-in capital 400,000 400,000 ≧ 40% requirement
Adjusted net capital 2,126,251 2,663,913 ≧ 20%
Met the
22 Total amount of customer margins required 111.16% 330.46%
1,912,849 806,113 ≧ 15% requirement
for the open positions of futures traders
----- End of picture text -----

9) Status of the subsidiary in the limitations on financial ratios imposed by the futures trading act and the related implementation The table below is prepared according to “Regulations Governing Futures Commission Merchants”.

Article	Calculation formula	September 30,2025	September 30,2025	September 30,2024	September 30,2024	Standard	Enforcement
		Calculation	Ratio	Calculation	Ratio
17	Stockholders’equity (Total liability－futures trader’s equity)	3,833,397 363,004	10.56	2,971,840 309,399	9.61	`≧`1	Met the requirement
17	Current assets Current liabilities	44,774,480 42,540,625	1.05	38,459,109 36,926,211	1.04	`≧`1	Met the requirement
22	Stockholders’equity Minimumpaid-in capital	3,833,397 645,000	594.33%	2,971,840 645,000	460.75%	`≧`60% `≧`40%	Met the requirement
22	Adjustednetcapital Total amount of customer margins required for the open positions of futures traders	3,470,082 7,192,810	48.24%	2,626,686 6,322,866	41.54%	`≧`20% `≧`15%	Met the requirement

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10) Prospective risk for futures trading

The main risk for futures merchants engaging in futures trading is credit risk, which could happen if the margin call cannot be made when it should have been made. While being consigned to conduct the futures trading, the Group pays attention to the individual margin account on a daily basis and request additional margin call or reduction in trading volume when necessary according to the condition of individual customer transactions in order to control the credit risk accordingly. The main risk faced by the Group 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 Group has set up stop-loss point to control such risk for reasons of risk management.

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13. OTHER DISCLOSURE ITEMS

1) Information about significant transactions

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

No. (Note1)	Company	Counterparty	Relationship (Note 2)	Details oftransactions (Ninemonths ended September30,2025)	Details oftransactions (Ninemonths ended September30,2025)	Details oftransactions (Ninemonths ended September30,2025)	Details oftransactions (Ninemonths ended September30,2025)
				Account	Amount	Conditions	Percentage (%) of total consolidated net revenues or assets (Note 3)
0	President Securities Corp.	President Futures Corp.	1	Futures Margin-Own Funds	7,400,956	Note 4	3.44%
0	President Securities Corp.	President Futures Corp.	1	Deposit-out	34,000	Note 4	0.02%
0	President Securities Corp.	President Futures Corp.	1	Accounts receivables	3,231	Note 4	0.00%
0	President Securities Corp.	President Futures Corp.	1	Deposit-in	16,000	Note 4	0.01%
0	President Securities Corp.	PresidentFutures Corp.	1	Other receivables	4,070	Note4	0.00%
0	President Securities Corp.	President Futures Corp.	1	Other payables	10,899	Note 4	0.01%
0	President Securities Corp.	President Futures Corp.	1	Equity for each customer in the account	22,713	Note 4	0.26%
0	President Securities Corp.	President Futures Corp.	1	Future commission revenue	16,494	Note 4	0.19%
0	President Securities Corp.	President Futures Corp.	1	Clearing charges	3,069	Note 4	0.04%
0	President Securities Corp.	President Futures Corp.	1	Other non-operating revenues-Compensation of directors	7,747	Note 4	0.09%
0	President Securities Corp.	President Capital Management Corp.	1	Expense from investment advisory	57,800	Note 4	0.67%
0	President Securities Corp.	President Capital Management Corp.	1	Other non-operating revenues-Rent revenue	3,042	Note 4	0.04%

Note 1 ： The numbers in the No. column are represented as follows:

The number zero is for parent company.
According to the sequential order, subsidiaries are numbered from 1.

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  - Note 2 `：` There are three kinds of transactions between related parties and numbered from 1 to 3 were shown as follows (If transactions between parent company and subsidiaries or between subsidiaries refer to the same transaction, it is not required to disclose twice. For example, if the parent company has already disclosed its transaction with a subsidiary, then the subsidiary is not required to disclose the transaction; for transactions between two subsidiaries, if one of the subsidiaries has disclosed the transaction, then the other is not required to disclose the transaction.)

     1. Parent company to subsidiaries.

     2. Subsidiaries to parent company.

     3. Subsidiaries to subsidiaries.

  - Note 3 `：` The calculation basis of the trading amount accounting for the total consolidated net revenues or assets is that the account ending balance is divided by the total consolidated assets if it is attributed to the balance sheet accounts, and the accumulated trading amount of the interim period is divided by the total consolidated net revenues if it is attributed to the profit or loss accounts.

  - Note 4 `：` All the prices provided between related parties were traded by contracts.

Note 5 ： Based on materiality, only the amounts of the transactions that were above $1 million would be shown in the table.
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 operating activities	Balance on September 30, 2025 Original	Balance on December 31, 2024 investment	Shares Percentage EndingBalanc	Shares Percentage EndingBalanc	e	Revenue of investee company	Net income (loss) of investee company	Investment income (loss) recognised by the Company	Cash dividends	Notes
									Percentage	Book vlaue
President Securities Corp. President Securities Corp. President Securities Corp. President Securities Corp.	President Futures Corp. President Capital Management Corp. President Securities (HK) Ltd. Uni-President Asset Management Corp.	Taipei Taipei Hong Kong Taipei	1994.03.01 1997.04.15 1994.07.26 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	Futures brokerage and dealer Securities investment consulting Securities dealer, underwriting, brokerage and consulting (Note 4) Investment Trust	$ 1,098,356 (Note 5) 326,000 848,735 667,622	644,650 $ 326,000 848,735 667,622	73,899,647 30,000,000 192,600,000 14,904,630	95.82% 100% 100% 42.46%	3,673,355 $ 291,656 832,937 927,722	529,173 $ 73,684 38 2,030,065	389,275 $ 1,399) ( 13,657 766,633	373,708 $ 1,330) ( 13,657 325,538	279,539 $ - - 374,553	Subsidiary of the Company Subsidiary of the Company Subsidiary of the Company Associates

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Name of the investor	Name of the investee company	Location	Date of registration Reference number and the date of approval letter issued byFSC 2008.04.29 (Note2) 2013.10.29 2013.08.08 Jing- Guan-Zheng-Chuan Letter No.1020028529 1992.09.03 2000.07.19 (89) Tai-Cai-Zheng (2) Letter No.56407	Major operatingactivities	Balance on Septemeber 30,2025 Original	Balance on December 31, 2024 investment	Shares Percentage EndingBalanc	Shares Percentage EndingBalanc	e	Revenue of investee company	Net income (loss) of investee company Investment income (loss) recognised by the Company 110,247 $ 110,263 $ 9,652 9,656 766,633 262	Cash dividends	Notes
								Percentage	Book vlaue
President Securities Corp. President Securities Corp. President Insurance Agency Corp.	President Insurance Agency Corp. PSC Venture Capital Investment Limited Company Uni-President Asset Management Corp.	Taipei Taipei Taipei		Insurance Agent Consultation of investment management and venture capital; other unprohibited or unrestricted businesses beyond the permit Investment Trust	10,000 $ 300,000 478	10,000 $ 300,000 478	1,000,000 30,000,000 12,000	100% 100% 0.03%	133,989 $ 261,670 752	237,896 $ 16,342 2,030,065		65,740 $ - 302	Subsidiary of the Company Subsidiary of the Company Associates

Note 1: As FSC was established in July, 2004, President Futures Corp. was apporved 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 Insurance Agency Corp.

Note 3: Subsidiary President Securities (HK) Ltd. was approved by the board of directors in March 2022 to deal with the dissolution and liquidation matters, and the liquidation process are all currently in progress. Note 4: President Securities (HK) Ltd. has completed the deregistration of securities trading-related licenses on March 27, 2024, and has no securities-related business activities. Note 5: Subsidiary President Futures has completed a cash capital increase on March 25, 2025. The Company participated in the subscription in the amount of $453,706 based on its shareholding ratio. The Company's original investment amount increased from $644,650 to $1,098,356, and the shareholding ratio decreased from 96.69% to 95.82%.

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.

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3) Information of overseas branches and representative office: None.
4) Disclosure of investment in Mainland China

a) Information of investment in Mainland China

==> picture [713 x 143] intentionally omitted <==

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

Amount remitted from Taiwan to
Accumulated Accumulated Investment income Accumulated
Mainland China/ Amount
amount of amount of Net income Ownership (loss) recognized Book value of amount of
Investee remitted back to Taiwan for the
Investment remittance from remittance from (loss) of held by the by the Company for investments in investment income
in Main business Paid-in capital nine months
method Taiwan to Taiwan to investee as of Company the nine months Mainland China as remitted back to
Mainland activities (Note 4) ended September 30, 2025
(Note 1) Mainland China Mainland China as September 30, (direct or ended September of September 30, Taiwan as of
China Remitted to
as of January 1, Remitted back of September 30, 2025 indirect) 30, 2025 (Note 2) 2025 September 30,
Mainland
2025 to Taiwan 2025 2025
China
($ 50,477)
Securities Directly
Jin Yuan The financial
brokering, securities invest in a
President statements
dealing, securities $ 6,406,500 company in $ 3,138,169 $ - $ - $ 3,138,169 ($ 103,015) 49% $ 2,469,350 $ -
Securities provided by the
underwriting and Mainland
Co., Ltd. investee were not
sponsoring service China
reviewed by a CPA.
----- End of picture text -----

b) Limitation on investment in Mainland China (expressed in thousands of dollars)

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

Accumulated amount of remittance Investment amount approved by the Ceiling on investments in Mainland
Company name from Taiwan to Mainland China as of Investment Commission of the Ministry of China imposed by the Investment
September 30, 2025 Economic Affairs (MOEA) Commission of MOEA
Jin Yuan President Securities Co., Ltd. $ 3,138,169 $ 3,138,169 $ 22,118,257
----- 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) The financial statements provided by the investee were not reviewed by a CPA.

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Note 2: In the ‘Investment income (loss) recognized by the Company for the nine months ended September 30, 2025’ column:

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

Major shareholder Number of shares held (thousands) Shareholding ratio Uni-President Enterprises Corp. 459,268 28.67%

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.

14. SEGMENTS INFORMATION

1) General information

Financial information by the Group’s segments is disclosed in accordance with IFRS 8. Management has determined the reportable operating segments based on the reports reviewed by the Chief Operating Decision-Maker (CODM) that are used to make strategic decisions. The Group’s operating segments are classified into Brokerage, Quantitative Trading, Proprietary Trading, Fixed Income, Financial Instrument and Reinvestment according to

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the sources of income. The remaining operating results which have not reached the threshold requirements are consolidated in ‘other operating segments’. Sources of income from products and services rendered by each segment are as follows:

A. Brokerage segment: consigned trading of the listed securities, margin trading and short sale, assistance in futures trading and other instruments trading as approved by the regulations.
B. Quantitative Trading segment: trading of domestic/overseas futures and options, ETF arbitrage, market maker, liquidity provider, hedging, spot/futures arbitrage as approved by Law.
C. Proprietary Trading segment: using the self-owned equity to conduct securities trading such as stocks and bonds trading, and futures and options hedging in Stock Exchange and OTC.
D. Fixed Income segment: used own capital to trade domestic and foreign corporate and government bonds in the OTC market, offered tendering services of Taiwan government bonds, repo and reverse-repo transactions, and own structured products design and sales.
E. Financial Instrument segment: call (put) warrants (including negotiated warrants) and Callable Bull/Bear Contracts (CBBC) issuance, Structured Notes Trading, equity derivative trading, and Exchange Traded Note (ETN) and other derivative financial products approved by the competent authority.
F. Reinvestment segment: companies reinvested by the consolidated entities.
G. Other operating segments include Capital Market segment and Shareholder Services segment.
2) Segments information

The accounting policies applied to the Group’s operating segments and summary of accounting policies disclosed in the notes to the financial statements are consistent and identical. The operating gains and losses are measured by the amount before tax and used as basis for performance appraisal. Income and expense attributable to each operating segment are attributed to the segmental gains and losses. Non-attributable indirect expenses and expenses from logistic support segment are amortized to each operating segment based on reasonable calculation standards and the expense nature. Those that cannot be reasonably amortized are listed under “Others”.

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3) Profit or loss of segments information

			Threemonths ended September30,2025	Threemonths ended September30,2025	Threemonths ended September30,2025
Brokerage segment	Quantitative Tradingsegment	Proprietary Tradingsegment	Fixed Income segment	Financial Instrument segment	Reinvestment segment	Other operating segments	Others 25,542 $ 155,916) ($	Total
1,537,232 $ 483,427 $	481,896 $ 211,980 $	946,573 $ 833,373 $	469,832 $ 561,570 $ 305,592 $ 182,843 $ 332,281 $ 241,695 $ Threemonths ended September30,2024			248,207 $ 189,402 $		4,576,444 $
								2,319,085 $

Brokerage segment	Quantitative Tradingsegment	Proprietary Tradingsegment	Fixed Income segment	Financial Instrument segment	Reinvestment segment	Other operating segments	Others 42,154 $ 22,828 $	Total
1,456,735 $ 494,736 $	367,665 $ 53,977 $	302,197) ($ 364,301) ($	410,727 $ 305,065 $ 267,906 $ 205,074 $ 75,210 $ 146,328 $ Ninemonths ended September30,2025			112,627 $ 28,993 $		2,660,682 $
								662,845 $

Brokerage segment	Quantitative Tradingsegment	Proprietary Tradingsegment	Fixed Income segment	Financial Instrument segment	Reinvestment segment	Other operating segments	Others 274,793 $ 105,238 $	Total
3,796,574 $ 1,093,094 $	966,968 $ 203,475 $	552,458 $ 277,155 $	1,014,583 $ 852,927 $ 857,132 $ 300,384 $ 328,350 $ 635,977 $ Ninemonths ended September30,2024			300,725 $ 127,679 $		8,616,160 $
								3,071,352 $

Brokerage segment	Quantitative Tradingsegment	Proprietary Tradingsegment	Fixed Income segment	Financial Instrument segment	Reinvestment segment	Other operating segments	Others 295,150 $ 7,874 $	Total
4,118,785 $ 1,357,688 $	1,432,553 $ 542,171 $	1,455,172 $ 1,051,692 $	669,432 $ 52,889 $	1,047,219 $ 377,151 $	830,036 $ 423,416 $	410,812 $ 191,117 $		10,259,159 $
								4,003,998 $

Note 1: As operating income (loss) in total is consistent with consolidated statement of comprehensive income, there is no need for adjustment.

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Note 2: The Group measures the performance of reportable operating segment based on specific performance indicators instead of assets and liabilities. The performance of reportable operating segment is regularly reviewed and assessed by the CODM as a reference for making resources allocation decision.

4) Information on products and services

The Group’s segments are based on different products and services, and had been disclosed in general information. It discloses the types of products and services of the Group’s segments source of income. There is no additional disclosure requirement on the income information of products and services.

5) Geographical information

The Group’s external customer income from a single foreign country is immaterial, so it would not be disclosed.

6) Major customer information

The Group did not have any significant customers that account for more than 10% of its revenue, so it would not be disclosed.

(Blank below)

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AI assistant

PSC — Interim / Quarterly Report 2025

52209_rns_2025-12-26_8d4db187-34c7-489c-9267-852865ce4f31.pdf

PRESIDENT SECURITIES CORPORATION AND

SUBSIDIARIES

Introduction

Scope of Review

Basis for Qualified Conclusion

Wang, Fang-Yu

Independent Auditors

Kuo, Puo-Ju

For and on behalf of PricewaterhouseCoopers, Taiwan November 13, 2025

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2025, DECEMBER 31, 2024 AND SEPTEMBER 30, 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2025, DECEMBER 31, 2024 AND SEPTEMBER 30, 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

PRESIDENT SECURITIES CORPORATION AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

1. HISTORY AND ORGANIZATION

4. SUMMARY OF MATERIAL ACCOUNTING POLICIES

1) Compliance statement

2) Basis of preparation

3) Basis of consolidation

B. Subsidiaries included in the consolidated financial statements:

4) Employee benefits

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

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) Bonds purchased under resale agreements

5) Margin loans receivable

6) Receivable of securities business money lending

8) Accounts receivable

10) Other current assets

11) Transfer of financial assets

12) Offsetting financial assets and financial liabilities

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

(1)Financial assets

(2) Financial liabilities

13) Investments accounted for under the equity method

Balance sheet

Balance sheet

Statement of comprehensive income

14) Property and equipment

－ 15) Leasing arrangements lessee

16) Leasing arrangements – lessor

18) Intangible assets

19) Other non-current assets

20) Short-term loans

21) Commercial papers payable

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

23) Bonds sold under repurchase agreements

24) Accounts payable

25) Other payables

26) Other financial liabilities - current

27) Long-term loans

28) Other liabilities - non-current

29) Pension plan

B. Capital reserve

32) Brokerage handling fee revenue

33) Revenues from underwriting business

34) Net gain (loss) on sale of operating securities

35) Interest income

income

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

41) Net gain (loss) from derivatives

42) Expected credit impairment loss and reversal of impairment gain

43) Other operating income

44) Handling charges

46) Employee benefits expense

47) Depreciation and amortization

48) Other operating expenses

49) Other gains and losses

50) Income tax

PSC Interim / Quarterly Report 2025

`－` 15) Leasing arrangements lessee