Annual Report 2023

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2023 126 The United Laboratories International Holdings Limited Annual Report 2023 36. DERIVATIVE FINANCIAL INSTRUMENTS (Continued) Major terms of the foreign currency forward contracts are as follows: 31 December 2023 Total notional amount Final Maturity Exchange rate Sell USD 140,000,000 30 October 2025 USD1: RMB7.025 Sell USD 66,000,000 29 October 2025 USD1: RMB6.960 Sell USD 44,000,000 29 October 2025 USD1: RMB6.960 The forward contracts represent the multiple currency forward transactions to be settled on multiple settlement dates on a monthly basis, until the final maturity date. 31 December 2022 Major terms of the foreign currency forward contracts are as follows: Notional amount Maturity Exchange rate Buy USD5,000,000 14 March 2023 USD1: RMB6.685 Buy USD5,000,000 16 March 2023 USD1: RMB6.711 Buy USD40,000,000 25 October 2023 USD1: RMB7.035