PRESIDENT SECURITIES Business Summary

President Securities Corp (2855.TW) operates as a comprehensive financial services provider, generating revenue primarily through transaction-based brokerage fees, interest income from margin lending, underwriting commissions, and gains from proprietary trading. The company’s business is structured into several core segments: Brokerage (equities, bonds, and futures), Proprietary Trading (market making and ETF arbitrage), Underwriting (IPOs and corporate advisory), and Wealth Management (trusts and structured products). As a key subsidiary of the Uni-President Group, the firm maintains a robust presence in Taiwan’s domestic capital markets. It competes directly with major local players such as Capital Securities Corp (6005.TW), IBF Financial Holdings (2889.TW), and Yuanta Securities. While smaller than market leader Yuanta, President Securities distinguishes itself through its specialized institutional expertise in quantitative trading and its deep integration within the Uni-President retail and industrial ecosystem. Founded in 1988 by the Uni-President Enterprises Corporation alongside partners like President Chain Store and Tainan Spinning, the company is currently led by Chairman Kuan-Chen Lin and CEO (General Manager) Sen-Bu Tsai. Chairman Lin, a veteran of the Uni-President Group, has overseen the firm’s strategic expansion since 2018, while CEO Sen-Bu Tsai brings extensive pedigree in fixed income and capital markets, having previously served as the head of the company’s Fixed Income Department and as a senior manager at China Bills Finance. The leadership team is supported by CFO Chi-Li An and a board that includes high-level representatives from its parent conglomerate, Uni-President Enterprises, which remains the dominant institutional investor. This leadership structure ensures a conservative yet technologically forward-looking management style, focusing on risk management and stable dividend yields for its public shareholders.