Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 663

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 663
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 SHPL out of its current50% equity interest for a cash consideration of RMB4.5billion (equivalent to US$608.4million). The first SPA was entered into with the parent company of the existing50% SHPL joint venture partner to purchase10% of SHPL for RMB1.0billion (equivalent to US$135.2million) and the second SPA was entered into with a China-based private-equity firm (“ PE Buyer”) to purchase35% of SHPL for RMB3.5billion (equivalent to US$473.2million) subject to a compensation payment clause based on guaranteed profit growth targets for the3 yearsup to 2027 with total payments capped at RMB696million (equivalent to US$94.6million). In addition, the second SPA allows the PE Buyer to designatetwoparties to purchase all or part of the35% equity interest in SHPL.

In February 2025, the PE Buyer designatedtwoparties in which it is the general partner and the Group entered intotwoseparate SPAs which replaced the original SPA, to sell an approximately25% and10% equity interest in SHPL respectively on substantially the same terms.

The closing of the transactions is subject to the simultaneous closing of each SPA, regulatory approval and other closing conditions.

F-26

Table of Contents

Summarized financial information for SHPL is as follows:
(i) Summarized balance sheets
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December 31,
2024 2023
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(in US$ ’ 000)
Current assets 213,707 201,025
Non-current assets 67,561 73,939
Current liabilities ( 126,154) ( 179,649)
Non-current liabilities ( 3,859) ( 3,687)
Net assets 151,255 91,628
(ii) Summarized statements of operations
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Year Ended December 31,
2024 2023 2022
────────────────────────────────────────────────────────────────────────────────────────────
(in US$ ’ 000)
Revenue 393,525 385,483 370,600
Gross profit 286,524 284,361 281,113
Interest income 768 754 980
Profit before taxation 109,586 112,488 116,454