Annual Report 2023

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2023 116 The United Laboratories International Holdings Limited Annual Report 2023 29. BORROWINGS (Continued) Interest rate 2023 2022 RMB’000 RMB’000 Fixed rate 23,853 251,378 HIBOR (2022: HIBOR plus 1.35% to 1.50%) – 2,123,769 CNY HIBOR plus 0.70% (2022: CNY HIBOR plus 1.45%) 80,000 80,000 PRC Loan Prime Rate less 0.15% to 0.95% (2022: Nil) 1,393,000 – 1,496,853 2,455,147 The range of effective interest rates of the floating rate borrowings at 31 December 2023 is 2.50% to 3.65% (2022: 3.63% to 5.85%) per annum. The range of effective interest rates of the fixed rate borrowings at 31 December 2023 is 0.68% to 1.86% (2022: 1.22% to 2.04%) per annum. As at 31 December 2023, all borrowings are denominated in RMB. As at 31 December 2022, except for the borrowings of RMB2,123,769,000 denominated in HK$, all other remaining borrowings are denominated in RMB.