Annual Report 2025

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2025 95 The United Laboratories International Holdings Limited Annual Report 2025 11. TAX EXPENSE 2025 2024 RMB’000 RMB’000 The tax charge comprises: Current tax Hong Kong Profits Tax 4,003 8,098 PRC Enterprise Income Tax (“EIT”) 197,015 539,408 PRC withholding tax on interest income 2,525 1,448 PRC withholding tax on royalty income 70 36 PRC withholding tax on distributed profits of PRC subsidiaries – 80,556 Danish withholding tax on license fee income 143,390 – 347,003 629,546 Deferred tax charge (Note 29) 99,868 1,531 446,871 631,077 Taxation arising in other jurisdictions is calculated at the rates prevailing in the relevant jurisdictions. Hong Kong Profits Tax is calculated at 16.5% of the estimated assessable profits for both years. PRC EIT is calculated at the applicable rates of tax prevailing in the areas in which the Group operates, based on the existing legislation, interpretations and practices.