Annual Report 2025

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2025 121 The United Laboratories International Holdings Limited Annual Report 2025 29. DEFERRED TAXATION The followings are the deferred tax assets (liabilities) recognised and movements thereon for the current and prior years: Withholding tax on undistributed Accelerated Unrealised profits of accounting profit on the PRC depreciation inventories subsidiaries Total RMB’000 RMB’000 RMB’000 RMB’000 At 1 January 2024 60,198 20,602 (288,080) (207,280) (Charge) credit to profit or loss for the year (5,228) (1,891) 5,588 (1,531) At 31 December 2024 54,970 18,711 (282,492) (208,811) Charge to profit or loss for the year (25) (6,257) (93,587) (99,869) At 31 December 2025 54,945 12,454 (376,079) (308,680) The following is the analysis of the deferred tax balances for financial reporting purpose: 2025 2024 RMB’000 RMB’000 Deferred tax assets 67,399 73,681 Deferred tax liabilities (376,079) (282,492) (308,680) (208,811)