Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 684

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 684
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5,733       7,936  
  Dividends declared                              1,000       9,068      25,600  
  Distribution service fee                          216         369           —  

  (iv)      Balances with non-controlling shareholders of subsidiaries included in:  
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                                                       December 31,             
                                                               2024       2023  
 ────────────────────────────────────────────────────────────────────────────────
                                                     (in US$ ’ 000)             
  Accounts receivable                                         8,084      7,824  
  Accounts payable                                               77         27  
  Other payables, accruals and advance receipts                 427        309  

F-45

Table of Contents

24. Income Taxes
(i) Income tax expense/(benefit)
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Year Ended December 31,
2024 2023 2022
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(in US$ ’ 000)
Current tax
HK (note (a)) - 45 301
PRC (note (b)) 1,723 1,767 2,580
US and others (note (c)) 161 471 399
Total current tax 1,884 2,283 3,280
Deferred income tax expense/(benefit) 5,308 2,226 ( 3,563)
Income tax expense/(benefit) 7,192 4,509 ( 283)
Notes:
(a) The Company, certain subsidiaries incorporated in the British Virgin Islands and Cayman Islands, and its Hong Kong subsidiaries are subject to Hong Kong profits tax. Under the Hong Kong two-tie...
(b) Taxation in the PRC has been provided for at the applicable rate on the estimated assessable profits less estimated available tax losses, if any, in relevant entities. Under the PRC Enterprise...
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Pursuant to the EIT law, a10% withholding tax is levied on dividends paid by PRC companies to their foreign investors. A lower withholding tax rate of5% is applicable under the China-HK Tax Arrangement if direct foreign investors with at least25% equity interest in the PRC companies are Hong Kong tax residents, and meet