Annual Report 2025

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2025 147 The United Laboratories International Holdings Limited Annual Report 2025 38. RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s consolidated statement of cash flows as cash flows from financing activities. Share held for share award scheme Borrowings Non- controlling interests Lease liabilities Derivative financial instruments Dividend payable Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 (Note 29) (Note 28) (Note 15) At 1 January 2024 – 1,496,853 12,840 6,831 44,778 – 1,561,302 Financing cash flows (36,577) 1,573,791 36,000 (6,025) 47,254 (1,017,535) 596,908 Vesting of shares 35,539 – – – – – 35,539 Fair value change (Note 7) – – – – (92,032) – (92,032) Derecognition of bills receivables – (23,853) – – – – (23,853) Recognition of bills receivables discounted – 16,884 – – – – 16,884 Finance costs – 74,608 – 759 – – 75,367 Dividend declared – – – – – 1,017,535 1,017,535 Loss for the year attribute to non-controlling interests – – (1,883) – – – (1,883) New leases entered – – – 16,294 – – 16,294 Lease terminations – – – (403) – – (403) Gain on termination of lease contracts – – – (8) – – (8) At 31 December 2024 (1,038) 3,138,283 46,957 17,448 – – 3,201,650 Financing cash flows (41,553) 1,705,746 40,225 (5,777) 133,658 (1,042,496) 789,803 Vesting of shares 40,016 – – – – – 40,016 Fair value change (Note 7) – – – – (133,658) – (133,658) Derecognition of bills receivables – (16,884) – – – – (16,884) Recognition of bills receivables discounted – 25,532 – – – – 25,532 Finance costs – 126,612 – 651 – – 127,263 Dividend declared – – – – – 1,042,496 1,042,496 Loss for the year attributable to non-controlling interests – – (4,820) – – – (4,820) New leases entered – – – 1,719 – – 1,719 Lease terminations – – – (1,222) – – (1,222) Gain on termination of lease contracts – – – (397) – – (397) At 31 December 2025 (2,575) 4,979,289 82,362 12,422 – – 5,071,498