Annual Report 2024

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2024 116 The United Laboratories International Holdings Limited Annual Report 2024 29. BORROWINGS (Continued) Interest rate 2024 2023 RMB’000 RMB’000 Fixed rate 16,884 23,853 CNY HIBOR plus 0.70% (2023: CNY HIBOR plus 0.70%) 270,000 80,000 PRC Loan Prime Rate less 0.15% to 1.15% (2023: PRC Loan Prime Rate less 0.15% to 0.95%) 2,851,399 1,393,000 3,138,283 1,496,853 The range of effective interest rates of the floating rate borrowings at 31 December 2024 is 2.15% to 3.30% (2023: 2.50% to 3.65%) per annum. The range of effective interest rates of the fixed rate borrowings at 31 December 2024 is 1.08% to 1.75% (2023: 0.68% to 1.86%) per annum. As at 31 December 2024 and 2023, all borrowings are denominated in RMB.