In C\textsubscript{4} (Hatch-Slack) pathway:
\begin{itemize}
\item OAA (Oxaloacetic acid) is formed in mesophyll cells. Hence, statement III is correct.
\item PEP is the primary CO\textsubscript{2} acceptor and is present in mesophyll cells, not bundle sheath. Hence, IV is also correct.
\item Statement I is incorrect because mesophyll cells in C\textsubscript{4} plants do have RuBisCO but it functions predominantly in bundle sheath cells.
\item Statement II is incorrect because PEP carboxylase is found in mesophyll cells, not in bundle sheath.
\end{itemize}