Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 662

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 662
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 that the Group will exercise such option.
Lease activities are summarized as follows:
Year Ended December 31,
2024 2023
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
(in US$ ’ 000)
Lease expenses:
Short-term leases with lease terms equal or less than 12 months 208 203
Leases with lease terms greater than 12 months 4,541 5,314
Impairment 1,889 2,088
6,638 7,605
Cash paid on lease liabilities 5,089 5,461
Non-cash: Lease liabilities recognized from obtaining right-of-use assets 5,356 3,429
Non-cash: Lease liabilities changed in relation to modifications and terminations ( 160) - 
Lease contracts are typically within a period of1to8 years. The weighted average remaining lease term and the weighted average discount rate as at December 31, 2024 was2.54years and3.25% respectively. The weighted average remaining lease term and the weighted average discount rate as at December 31, 2023 was2.49years and2.92% respectively.

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Table of Contents

Future lease payments are as follows:

                                 December 31,  
 ───────────────────────────────────────────────
                                         2024  
                               (in US$ ’ 000)  
  Lease payments:                              
  Not later than 1 year                 3,101  
  Between 1 to 2 years                  2,710  
  Between 2 to 3 years                  1,269  
  Between 3 to 4 years                    174  
  Between 4 to 5 years                     37  
  Total lease payments                  7,291  
  Less: Discount factor                ( 277)  
  Total lease liabilities               7,014  

11. Investment in an Equity Investee

Investment in an equity investee consisted of the following:

            December 31,                
            2024                  2023  
 ────────────────────────────────────────
            (in US$ ’ 000)              
  SHPL      77,765              48,411  

SHPL is a private company with no quoted market prices available for its shares.

In December 2024, the Group entered intotwosale and purchase agreements (“ SPA”) to sell an aggregate45% equity interest in