第一社区(南卡州) 2024年度报告

Dear Fellow Shareholder: You are cordially invited to attend the 2025 Annual Meeting of Shareholders of First Community Corporation, the holdingcompany for First Community Bank. At the meeting, we will report on our performance in 2024 and answer your questions. Welook forward to discussing both our accomplishments and our plans with you. This letter serves as your official notice that we will hold the meeting on May 21, 2025 at 11:00 a.m. local time, at our principalexecutive office located at 5455 Sunset Boulevard, Lexington, South Carolina 29072 for the following purposes: 1.To elect as directors the five nominees named in the accompanying proxy statement;2.To approve the compensation of our named executive officers as disclosed in the accompanying proxy statement (this isa non-binding, advisory vote) (“Say-on-Pay”);3.To approve a non-binding resolution to determine whether shareholders should have a Say-on-Pay every one, two, orthree years (“Say-on-Frequency”);4.To approve the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated, toincrease the number of shares of common stock authorized for issuance under the plan by 450,000 shares, from 225,000shares to 675,000 shares;5.To ratify the appointment of Elliott Davis, LLC as our independent registered public accountants for 2025;6.To approve the adjournment, postponement or continuance of the annual meeting, if necessary and appropriate, to solicitadditional proxies if there are insufficient votes at the time of the annual meeting to approve Proposal 4 set forth above,or if a quorum is not present at the time of the annual meeting (the “Adjournment Proposal”); and7.To transact any other business that may properly come before the meeting or any adjournment of the meeting. Shareholders owning shares of our common stock at the close of business on March 14, 2025 are entitled to attend and vote at themeeting. A list of these shareholders will be available at our principal executive office prior to the meeting. Important Notice Regarding the Availability of Proxy Materials for the 2025 Annual Meeting.This year, we are takingadvantage of the rules of the U.S. Securities and Exchange Commission (“SEC”) that allow us to furnish our proxy materials overthe Internet. We are mailing to our shareholders a Notice of Internet Availability of Proxy Materials over the Internet, rather thanmailing a full paper set of the materials. We anticipate that the Notice of Internet Availability of Proxy Materials will first be sentto shareholders on or before April 11, 2025. The Notice of Internet Availability of Proxy Materials contains instructions on howto access our proxy materials on the Internet, as well as instructions on obtaining a paper or e-mail copy of the proxy materials.This process will reduce our costs to print and distribute our proxy materials, while also reducing our environmental impact. You have a number of ways to vote in addition to voting by ballot if you are present in person at the meeting, and we encourageyou to use them. We encourage you to vote as soon as possible by telephone, through the Internet, or by signing, dating andmailing your proxy card in the envelope enclosed. Telephone and Internet voting permits you to vote at your convenience, 24hours a day, seven days a week. If your shares are held in the name of a bank, broker or other holder of record, you are consideredthe beneficial owner of shares held in “street name,” and you will receive instructions from such holder of record that you mustfollow for your shares to be voted. Please follow their instructions carefully. Also, please note that if the holder of record of yourshares is a bank, broker or other nominee and you wish to vote in person at the annual meeting, you must request a legal proxy orbroker’s proxy from your bank, broker or other nominee that holds your shares and present that proxy and proof of identificationat the annual meeting. Please use this opportunity to take part in our affairs by voting on the business to come before this meeting. By order of the Board of Directors, C. Jimmy ChaoChairman of the Board Michael C. CrappsPresident and Chief Executive Officer FIRST COMMUNITY CORPORATION5455 Sunset Boulevard Lexington, South Carolina 29072 Proxy Statement, dated April 8, 2025, for Annual Meeting of Shareholders to be Held on May 21, 2025 The board of directors of First Community Corporation, “we,” “us,” “our,” or the “company,” isfurnishing this proxy statement to solicit proxies for use at our 2025 Annual Meeting of Shareholders. Thisproxy statement contains important information for you to consider when deciding how to vote on the mattersbrought before the meeting. We encourage you to read it carefully. We anticipate that the Notice of InternetAvailability of Proxy Materials will first be sent to shareholders on or about April 11, 2025. The proxystatement and the form of proxy relating to the annual meeting are first being made