Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 354

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 1
Chunk 354
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 tax advisors regarding the availability of, and the procedure for, and the effect of making, a mark-to-market election, and whether making the election would be advisable, including in light of their particular circumstances.

No QEF election. We do not expect to provide the information regarding our income that would be necessary in order for a U. S. Holder to make a timely“ qualifying electing fund” election (“ QEF election”) if we were a PFIC, which, if available, could materially affect the tax consequences of the ownership and disposition of the ordinary shares and ADSs if we are a PFIC for any taxable year. Therefore, U. S. Holders will not be able to make this election.

PFIC information reporting requirements. If we are (or are treated with respect to a particular U. S. Holder as) a PFIC for any year in which a U. S. Holder owns ordinary shares or ADSs, such U. S. Holder generally will be required to file an annual information return on IRS Form 8621 with respect to us and any Lower-tier PFIC.

NO ASSURANCE CAN BE GIVEN THAT WE ARE NOT CURRENTLY A PFIC OR THAT WE WILL NOT BECOME A PFIC IN THE FUTURE. U. S. HOLDERS SHOULD CONSULT THEIR TAX ADVISORS WITH RESPECT TO THE OPERATION OF THE PFIC RULES AND RELATED REPORTING REQUIREMENTS IN LIGHT OF THEIR PARTICULAR CIRCUMSTANCES, INCLUDING THE ADVISABILITY AND EFFECTS OF MAKING ANY ELECTION THAT MAY BE AVAILABLE.

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Backup Withholding and Information Reporting and Filing Requirements

Backup withholding and information reporting requirements may apply to distributions on, and proceeds from the sale or disposition of, ordinary shares and ADSs that are held by U. S. Holders. The payor will be required to withhold tax (currently at a rate of 24%) on such payments made within the United States, or by a U. S. payor or a U. S. intermediary (and certain subsidiaries thereof) to a U. S. Holder, other than an exempt recipient, if the U. S. Holder is not otherwise exempt and:

  the holder fails to furnish the holder ’ s taxpayer identification number, which for an individual is ordinarily his or her social security number;  

  the holder furnishes an incorrect taxpayer identification number;  

  the applicable withholding agent is notified by the IRS that the holder previously failed to properly report payments of interest or dividends; or  

  the holder