The purpose of the Audit Committee is to assist the Board in the execution of its duties to supervise and implement the Company Act, the Securities and Exchanges Act, and other related laws. On June 21, 2012, PCSC established the Audit Committee, which is consist of three independent directors. The Audit Committee holds at least one meeting every quarter. During its seven meetings in 2025, it primarily discussed the following items:

(1) Reviewing financial reports: The Board prepared the Company’s 2024 business report, financial statements, and proposal for allocation of 2024 profits. The independent auditors of PRICEWATERHOUSECOOPERS audited PCSC’s financial statements and issued an audit report on the financial statements. The business report, financial statements, and profit allocation proposal were reviewed and determined to be correct and accurate by the Audit Committee members of President Chain Store Corp.

(2) Evaluating the effectiveness of the Company’s internal control system: The Audit Committee evaluates the policies and procedures of the Company’s internal control systems and reviews the Company’s Audit Department and external auditors, and examines regular managerial reports.

(3) Appointing external auditors: The Audit Committee has the responsibility to ensure the independence and appropriateness of accounting firms and the accuracy of financial reports. PCSC passed the proposal to evaluate the independence and appropriateness of the external auditors on February 25, 2025.

There had been a total of 14 meeting of the Audit Committee between 2024 and 2025. The independent directors’ attendances are detailed below:

IMPLEMENTATION OF EVALUATION PROCEDURES

(THE 2024 EVALUATION RESULTS REPORTED TO THE BOARD OF DIRECTORS ON FEBRUARY 26, 2025.)

EVALUATION RESULTS：

• The Audit Committee operates effectively and demonstrates a strong understanding of the Company’s objectives and responsibilities. Its agreed goals and operational performance indicators are aligned with governance requirements, effectively supporting the Company’s sustainable operations, social responsibility, risk management, and long-term strategic development, and reflecting the principles of sound corporate governance.
• Based on the results of this performance evaluation, the Company will continue to enhance the professional expertise and depth of engagement of Audit Committee members, as well as optimize meeting procedures, to further strengthen the effectiveness of corporate governance.
• The Audit Committee achieved a 100% attendance rate during the evaluation period.

The major resolutions approved at Audit Committee are summarized below:

(1) The 19th meeting of the 4th Audit Committee (Date: February 26, 2024)
● Approved 2023 financial statements and consolidated financial statement.
● Approved the Company’s 2023 Internal Control System Statement.
● Approved the PCSC CPA independence and appropriateness evaluation resolution.
● Approved President Chain Store (BVI) Holdings Ltd.‘s capital increase in President Chain Store (Hong Kong) Holdings, and approved President Chain Store (Hong Kong) Holdings Ltd.‘s capital increase in President Chain Store (Shanghai) Ltd. and President Chain Store (Zhejiang) Ltd.
● Approved the proposal of acquisition or disposal of real estate assets and right-of-use assets from the Company’s related parties.

(2) The 20th meeting of the 4th Audit Committee (Date: February 27, 2024)
● Approved the 2022 earnings distribution proposal and business reports

(3) The 21th meeting of the 4th Audit Committee (Date: April 29, 2024)
● Approved 2024 Q1 consolidated financial statement.
● Approved the Company’s capital increase in Connection Labs Ltd.
● Approved the proposal of acquisition or disposal of real estate assets and right-of-use assets from the Company’s related parties.
● Approved to sign the Bay City Case 38 contract with Kaohsiung City Government and approved the project contract that the Company intends to sign with the related party.

(4) The 1st meeting of the 5th Audit Committee (Date: June 12, 2024)
● Approved the sale of 55% equities of Shan Dong President Yinzuo Commercial Ltd.
● Approved the Company’s signing of the management consulting contract

(5) The 2nd meeting of the 5th Audit Committee (Date: July 30, 2024)
● Approved 2024 Q2 consolidated financial statement.
● Approved the proposal of acquisition or disposal of real estate assets and right-of-use assets from the Company’s related parties.

(6) The 3rd meeting of the 5th Audit Committee (Date: October 30, 2024)
● Approved 2024 Q3 consolidated financial statement.
● Approved 2024 Financial Statement and Profit-seeking Enterprise Income Tax Auditing and Certification fee.
● Approved amendments to the Company’s 2025 Internal Control System.
● Approved the Company’s 2025 audit plan.
● Approved amendments of President Chain Store Corporation Audit Committee Charter.
● Approved the Company’s investment in logistics park.
● Approved the proposal of acquisition or disposal of real estate assets and right-of-use assets from the Company’s related parties.

(7) The 4th meeting of the 5th Audit Committee (Date: December 18, 2024)
● Approved the Company’s capital increase in ICASH Corp.
● Approved the proposal of acquisition or disposal of real estate assets and right-of-use assets from the Company’s related parties.

(8) The 5th meeting of the 5th Audit Committee (Date: February 25, 2025)
● Approved the Company’s 2024 separate financial statements and consolidated financial statements.
● Approved the filing of the Company’s “2024 Internal Control System Statement.”
● Approved the Company’s CPA independence and appropriateness evaluation resolution.
● Approved the Company’s acquisition of real estate.
● Approved the proposal of acquisition or disposal of right-of-use assets related to real estate from the Company’s related parties.

(9) The 6th meeting of the 5th Audit Committee (Date: February 26, 2025)
● Approved the Company’s 2024 earnings distribution proposal and business report.

(10) The 7th meeting of the 5th Audit Committee (Date: April 29, 2025)
● Approved the Company’s 2025 Q1 consolidated financial statements.
● Approved the proposal of acquisition or disposal of right-of-use assets related to real estate from the Company’s related parties.

(11) The 8th meeting of the 5th Audit Committee (Date: July 29, 2025)
● Approved the Company’s 2025 Q2 consolidated financial statements.
● Approved the motion to change the custodian of the Company’s registered corporate seal filed with the Ministry of Economic Affairs.
● Approved amendments to the Company’s integrity management–related policies.
● Approved the proposal of acquisition or disposal of right-of-use assets related to real estate from the Company’s related parties.

(12) The 9th meeting of the 5th Audit Committee (Date: October 28, 2025)
● Approved the Company’s disposal of equity interests in President Securities Investment Trust Co., Ltd.
● Approved the Company’s 2025 Q3 consolidated financial statements.
● Approved the Company’s 2025 financial statements and profit-seeking enterprise income tax auditing and certification fees.
● Approved amendments to the Company’s 2026 Internal Control System.
● Approved the Company’s 2026 audit plan.
● Approved the proposal of acquisition or disposal of right-of-use assets related to real estate from the Company’s related parties.

(13) The 10th meeting of the 5th Audit Committee (Date: December 9, 2025)
● Approved amendments to the Company’s Integrity Management Policy and Code of Conduct.
● Approved the Company’s investment in the construction of an office building and shopping mall.
● Approved the proposal of acquisition or disposal of right-of-use assets related to real estate from the Company’s related parties.

(14) The 11th meeting of the 5th Audit Committee (Date: December 18, 2025)
● Approved corrections to the Company’s quarterly financial statements from Q2 2023 to Q3 2025.

The Remuneration Committee shall exercise due diligence as a prudent manager and faithfully perform the following duties, submitting the proposed recommendations to the Board of Directors for discussion.

1. Draw up and regularly review the performance evaluations for directors and managers and remuneration policies, system, standards, and structure.
2. Regularly evaluate and stipulate remuneration for directors and managers.

PCSC’s Remuneration Committee was established on August 19, 2011, and is comprised of all three independent directors.

The Remuneration Committee meets at least twice a year. The term of office for current members: June 12, 2024 to May 29, 2027.

There had been a total of 4 meeting of the Remuneration Committee between 2024 and 2025. The independent directors’ attendances are detailed below:

Major resolutions approved at Remuneration Committee:

(1) The 5th meeting of the 5th Remuneration Committee (Date: February 26, 2024)
● Resolution to the 2023 employee and director earnings distribution proposal and appropriation.
● Results: Resolution passed.

(2) The 6th meeting of the 5th Remuneration Committee (Date: April 29, 2024)
● Remuneration actually paid to Company directors and managers in 2023.
● Results: Resolution passed.
● Amended the Board of Directors' compensation allocation ratio.
● Results: Resolution passed.

(3) The 1st meeting of the 6th Remuneration Committee (Date: February 25, 2025)
● Report on the Results of the 2024 Board of Directors Performance Evaluation。
● Resolution to the 2024 employee and director earnings distribution proposal and appropriation.
● Results: Resolution passed.。
● Definition of Non-Management Employees and the Ratio of Remuneration Allocation
● Results: Resolution passed.
● Amendment to the Articles of Incorporation
● Results: Resolution passed.
● Partial Amendment to the Policy on Directors’ Congratulatory and Condolence Matters
● Results: Resolution passed.

(4) The 2ed meeting of the 6th Remuneration Committee (Date: April 29, 2025)
● Report on the Comparison of Compensation Levels of Directors and Managers for FY2024
● Remuneration actually paid to Company directors and managers in 2024.
● Results: Resolution passed.

There are no written or otherwise recorded resolutions on which a member of the Remuneration Committee had a dissenting opinion or qualified opinion.

IMPLEMENTATION OF EVALUATION PROCEDURES

(THE 2024 EVALUATION RESULTS REPORTED TO THE BOARD OF DIRECTORS ON FEBRUARY 26, 2025.)

EVALUATION RESULTS：

• The Remuneration Committee operates effectively and demonstrates a strong understanding of the Company’s objectives and responsibilities. Its agreed goals and operational performance indicators are aligned with governance requirements, effectively supporting the Company’s sustainable operations, social responsibility, risk management, and long-term strategic development, and reflecting the principles of sound corporate governance.
• Based on the results of this performance evaluation, the Company will continue to enhance the professional expertise and depth of engagement of Remuneration Committee members, as well as optimize meeting procedures, to further strengthen the effectiveness of corporate governance.
• The Remuneration Committee achieved a 100% attendance rate during the evaluation period.

To fulfill Corporate Social Responsibilities and sustainable development, the Board of Directors approved to establish Corporate Social Responsibility Committee, which is directly under the Board of Directors. The Board of Directors also made resolution to adopt independent directors in Corporate Social Responsibility Committee and approved Corporate Social Responsibility Committee Charter on December 12nd, 2018. And in June 24, 2021, the Corporate Social Responsibility Committee and its Charter were renamed as the Sustainable Development Committee.

Sustainable Development Committee consists of three members, three independent directors Hsu, Ke-Wei, Chen, Liang and Hung, Yung-Chen. The committee is responsible for proposing and implementing concrete plans related to CSR and ESG policies, systems, or relevant management guidelines. Wu, Wen-Chi, the committee convener and CFO, holds dedicated responsibility for managing ESG and sustainability issues.  (Please refer to the Sustainable Development Committee Charter on PCSC website for details.)

Sustainability-related Professional Expertise and Competencies of Committee Members：
Hsu, Ke-Wei: Risk & Crisis Management, Climate Strategy, Human Capital Management, and Occupational Health & Safety
Chen, Liang: Corporate Governance, Environmental Policies & Management, and Human Rights & Human Capital Management
Hung, Yung-Chen: Information & Cybersecurity, Sustainable Materials Management, and Customer Relationship Management & Data Privacy Protection
Wu, Wen-Chi: Accounting and Finance, Administration and International Markets perspectives (term ended on July 30, 2025)
Hsieh, Lien-Tang : Business and Operation Management and International Markets perspectives (term ended on July 30, 2025)
Lua, Wen-Ji: Sustainable Development and Management, Information Security Management, Strategy of Intellectual Property and International Markets perspectives (term ended on July 30, 2025)

Implementation: The Sustainable Development Committee hold meetings at least twice a year.

The committee held 2 meetings in 2024, which were on June 25 and December 18 and 2 meetings in 2025, which were on June 26 and December 9. Member attendance is detailed below:

Topics Reported/Discussed of Sustainable Development Committee:

(1) The 1st meeting of the 3rd Sustainable Development Committee (Date: June 25, 2024)
　1. Topics Reported:
　　-　The progress of Sustainability Report 2024 and the reports of DJSI, CDP, and TCFD projects
　2. Items Discussed:
　　-　The amendment of President Chain Store Corporation Sustainable Development Code of Practice
　　-　The amendment of President Chain Store Corporation Sustainable Development Committee Charter
　　-　Approved the contents of the PCSC Sustainability Report 2023
　
(2) The 2nd meeting of the 3rd Sustainable Development Committee (Date: December 18, 2024)
　1. Topics Reported:
　　-　PCSC 2024 sustainability project results and future directions for sustainability in 2025.
　　-　The results of DJSI, CDP and TCFD projects in 2024 and plan in 2025.
　2. Items Discussed:
　　-　Approved PCSC 2024 sustainability project results and future directions for sustainability in 2025

(3) Sustainable Development Committee reported to the Board of Directors (Date: December 19, 2024)
　　-　Report ESG, risk and cybersecurity security, intellectual property, and ethical corporate plans and results in 2024.

(4) The 3rd meeting of the 3rd Sustainable Development Committee (Date: June 6, 2025)
　1. Topics Reported:
　　- the PCSC Sustainability Report
　　- Guidance for the 2025 Sustainability Report and Progress Update on Sustainability Projects
　2. Items Discussed:
　　- The amendment of President Chain Store Corporation Sustainable Development Committee Charter
- Approved the contents of the PCSC Sustainability Report 2024

(5) The 4th meeting of the 3rd Sustainable Development Committee (Date: December 9, 2025)
　1. Topics Reported:
　　- PCSC Sustainability Awards Trend Report
- PCSC 2025 sustainability project results and future directions for sustainability in 2026.
- Review of Uni-President Store’s 2025 International Evaluation Results and Overall Plan for 2026.
　2. Items Discussed:
　 - PCSC 2025 sustainability project results and future directions for sustainability in 2026.
- The amendment of President Chain Store Corporation Sustainable Development Committee Charter
- The amendment of President Chain Store Corporation Sustainable Development Code of Practice

(6) Sustainable Development Committee reported to the Board of Directors (Date: December 10, 2025)
Report ESG, risk and cybersecurity security, intellectual property, and ethical corporate plans and results in 2025.

In order to implement risk management, the Board of Directors approved to establish the Risk & Cybersecurity Management Committee, which is directly under the Board of Directors. In order to improve organizational regulations, the Board of Directors approved to amend President Chain Store Corporation Risk and Cybersecurity Management Committee Charter. On July 30, 2025, The Board of Directors approved the amendment of the structure and rename to Integrity, Risk and Cybersecurity Management Committee.
The committee consists of three members, including three independent directors Hung, Yung-Chen, Chen, Liang, Hsu, Ke-Wei. The committee is responsible for formulating the policies of risk and cybersecurity management, reviewing the policies and plan, assessing risk appetite, ensuring mechanism of risk management, and etc.

There are three committees directly under the Committee, which are Risk Management execution office, Cybersecurity Execution Office, and Integrity Management Promotion Team.

The List and Professional Competence of Members and the Implementation in 2024~2025:

• The committee hold meetings at least twice a year and report to the board of directors regularly.
• The 1st meeting of the 2nd Risk & Cybersecurity Management Committee (Date: June 25, 2024)：
  - Report of operation of the Risk & Cybersecurity Management Committee, Risk Management Committee, and Cybersecurity Committee.
• The 2nd meeting of the 2nd Risk & Cybersecurity Management Committee (Date: December 18, 2024)：
  - Report of operation of the Risk & Cybersecurity Management Committee, Risk Management Execution Office, and Cybersecurity Execution Office.
• Risk & Cybersecurity Management Committee reported to the Board of Directors (Date: December 19, 2024)：
  - Report of operation of the Risk & Cybersecurity Management Committee, Risk Management Execution Office, and Cybersecurity Execution Office.
  - Amended the policies of President Chain Store Corporation Risk and Cybersecurity Management Committee and Risk Management Execution Office.
• The 2nd meeting of the 3nd Integrity, Risk & Cybersecurity Management Committee (Date: June 24, 2025)：
  - Report of operation of the Integrity, Risk & Cybersecurity Management Committee, Integrity Management Promotion Team, Risk Management Execution Office, and Cybersecurity Execution Office.
• The 2nd meeting of the 4nd Integrity, Risk & Cybersecurity Management Committee (Date: December 09, 2025)：
  - Report of operation of the Integrity, Risk & Cybersecurity Management Committee, Integrity Management Promotion Team, Risk Management Execution Office, and Cybersecurity Execution Office.
• Integrity, Risk & Cybersecurity Management Committee reported to the Board of Directors (Date: December 10, 2025)：
  - Report of operation of the Integrity, Risk & Cybersecurity Management Committee, Integrity Management Promotion Team, Risk Management Execution Office, and Cybersecurity Execution Office.
  - Amended the policies of President Chain Store Corporation Integrity, Risk and Cybersecurity Management Committee and Risk Management Execution Office.