Annual Report 2023

REPORT OF THE DIRECTORS 26 The United Laboratories International Holdings Limited Annual Report 2023 DIRECTORS’ RIGHT TO ACQUIRE SHARES AND DEBENTURES During the year, the Company did not grant any rights to any directors, chief executive and their respective spouse or children under 18 of age to acquire benefits by means of the acquisition of shares in, or debentures of, the Company, and none of the above persons have exercised the said rights during the year. The Company, its holding company or any of its subsidiaries were not a party to any arrangements to enable the directors to acquire such benefits in any other body corporate. SUBSTANTIAL SHAREHOLDERS As at 31 December 2023, the following shareholders, other than the directors or chief executive of the Company, were recorded in the register required to be kept by the Company under section 336 of the SFO as being interested (including short positions) in the shares or underlying shares of the Company: Long and short positions in the ordinary shares of the Company: Name Notes Number of shares held Percentage of Interest Heren Far East Limited (“Heren“) 834,250,000(L) 45.91% Heren Far East #4 Limited (1) 834,250,000(L) 45.91% IQ EQ Services (HK) Limited (2) 834,250,000(L) 45.91% L/S: Long position/short position Notes: (1) Heren Far East #4 Limited is interested in more than one-third of the issued share capital of Heren, and is deemed or taken to be interested in the 834,250,000 shares of the Company beneficially owned by Heren for the purposes of Part XV of the SFO. (2) IQ EQ Services (HK) Limited is the trustee of the respective trusts holding entire interest in each of Heren Far East #2 Limited, Heren Far East #3 Limited and Heren Far East #4 Limited (which together hold the entire issued share capital of Heren), and is deemed to be interested in the 834,250,000 shares of the Company beneficially owned by Heren for the purposes of Part XV of the SFO. Save as disclosed above, no other person being recorded in the register required to be kept by the Company under section 336 of the SFO as having an interest or a short position in the shares or underlying shares of the Company as at 31 December 2023.