Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 104

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 1
Chunk 104
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), more than 50% of either the total combined voting power of all classes of stock of such corporation entitled to vote or of the total value of the stock of such corporation. A “ Ten Percent Shareholder” is a United States person (as defined by the U. S. Internal Revenue Code of 1986, as amended) that owns directly or indirectly, or is considered to own constructively, 10% or more of the total combined voting power of all classes of stock entitled to vote of such corporation or 10% or more of the total value of the stock of such corporation. We are not expected to be a CFC. However, under certain “downward attribution” rules, certain of our non-U. S. subsidiaries are expected to be treated as CFCs by virtue of being constructively owned by our U. S. subsidiaries. As a non-U. S. company, we do not intend to take these U. S. tax rules into consideration in structuring its operations, nor do we intend to provide information to Ten Percent Shareholders that may be required in order for those shareholders to properly report their U. S. taxable income with respect to our operations. U. S. investors that are or may become Ten Percent Shareholders who directly or indirectly own our ordinary shares or ADSs should consult their tax advisors with respect to the application of the CFC rules to them.

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We may be treated as a resident enterprise for U. K. corporate tax purposes, and our global income may therefore be subject to U. K. corporation tax.

U. K. resident companies are taxable in the United Kingdom on their worldwide profits. A company incorporated outside of the United Kingdom would be regarded as a resident if its central management and control resides in the United Kingdom. The place of central management and control generally means the place where the high-level strategic decisions of a company are made.

We are an investment holding company incorporated in the Cayman Islands and are admitted to trading on the AIM market of the London Stock Exchange or the AIM market. Our central management and control resides in Hong Kong, and therefore we believe that we are not a U. K. resident for corporate tax purposes. However, the tax resident status of a non-resident entity could be challenged by the U. K. tax authorities.

If the U. K. tax authorities determine that we are a U. K. tax resident, our profits will be subject to U. K. Corporation Tax rate at 19% for taxable profits