Fosun Eurasia Holdings (UK) Limited Company accounts

COMPANY REGISTRATION NUMBER: 09704621

Fosun Eurasia Holdings (UK) Limited

Financial Statements

31 December 2024

Fosun Eurasia Holdings (UK) Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Directors' report	2

Independent auditor's report to the members	4

Statement of comprehensive income	8

Statement of financial position	9

Notes to the financial statements	10

Fosun Eurasia Holdings (UK) Limited

Officers and Professional Advisers

The board of directors	Mr J Huo
	Mr M Liu
	Mr L Shan

Company secretary	Reed Smith Corporate Services Ltd

Registered office	Units 18 & 19 Part First Floor
	The Royal Exchange
	London
	UK
	EC3V 3LN

Auditor	Higgins Fairbairn & Co
	Chartered accountants & statutory auditor
	4th Floor
	58-59 Great Marlborough Street
	London
	W1F 7JY

Fosun Eurasia Holdings (UK) Limited

Directors' Report

Year ended 31 December 2024

The directors present their report and the financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Ms L Cai
Mr J Huo
Mr M Liu
Mr L Shan

Directors' responsibilities statement

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors note that the company is a wholly owned subsidiary of Fosun International Limited (Incorporated in Hong Kong) and that the group has taken the decision to wind up the company during the following accounting period. As a result, the financial statements have been prepared on a break-up basis. The directors consider that this basis is appropriate in light of the decision to cease the company’s operations and to realise its assets and settle its liabilities in the normal course of winding up. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 September 2025 and signed on behalf of the board by:

Mr L Shan

Director

Registered office:

Units 18 & 19 Part First Floor

The Royal Exchange

London

UK

EC3V 3LN

Fosun Eurasia Holdings (UK) Limited

Independent Auditor's Report to the Members of Fosun Eurasia Holdings (UK) Limited

Year ended 31 December 2024

Opinion

We have audited the financial statements of Fosun Eurasia Holdings (UK) Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter – basis of preparation

We draw attention to Note 3 in the financial statements, which explains that the directors have planned to strike off the Company in 2025. The Company will cease all operations and will not continue as a going concern beyond the forthcoming accounting period. Accordingly, the financial statements have been prepared on a break-up basis rather than a going concern basis. Under this basis, assets are stated at their expected realisable amounts and liabilities at the amounts expected to be settled in the course of an orderly winding-up. This represents a departure from the going concern basis of accounting. Our opinion is not modified in respect of this matter.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors’ responsibilities statement, the directors are responsible for preparing the financial statements in accordance with the applicable financial reporting framework, and for such internal control as management determines is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s basis of preparation and disclosing, as applicable, the reasons for departing from the going concern basis, and applying the appropriate non-going concern basis as described in note 3.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We have identified the laws and regulations relevant to the company. We have designed procedures to confirm compliance with these laws and regulations including enquiry of management, review of documentation and confirmation to external sources, where possible. In relation to the risk of fraud, the costs of the company are monitored on a monthly basis. Limited transactions incurred during the year. There was no revenue generated during the year apart from interest income on inter-company loans. Management has identified no actual, suspected or alleged fraud during the year. The detection of irregularities is inherently more difficult. We have reviewed the disclosures in the financial statements, and have undertaken procedures to ascertain any potential risks associated management override in relation to revenue and other material transactions. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Fenton William Higgins FCA

(Senior Statutory Auditor)

For and on behalf of

Higgins Fairbairn & Co

Chartered accountants & statutory auditor

4th Floor

58-59 Great Marlborough Street

London

W1F 7JY

30 September 2025

Fosun Eurasia Holdings (UK) Limited

Statement of Comprehensive Income

Year ended 31 December 2024

	2024	2023
Note	€	€

Administrative expenses	31,425	30,754
Provision for inter-company loan	–	1,277,354
	--------	------------
Operating loss	( 31,425)	( 1,308,108)

Other interest receivable and similar income	218	–
Interest payable and similar expenses	–	127
	--------	------------
Loss before taxation	( 31,207)	( 1,308,235)

Tax on loss	–	( 398)
	--------	------------
Loss for the financial year and total comprehensive income	( 31,207)	( 1,307,837)
	--------	------------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Fosun Eurasia Holdings (UK) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	€	€

Current assets

Debtors	5	5,538	1,160
Cash at bank and in hand		144,908	144,958
		---------	---------
		150,446	146,118

Creditors: amounts falling due within one year	6	618,884	583,349
		---------	---------
Net current liabilities		468,438	437,231
		---------	---------
Total assets less current liabilities		( 468,438)	( 437,231)
		---------	---------
Net liabilities		( 468,438)	( 437,231)
		---------	---------

Capital and reserves

Called up share capital	7	4,000,000	4,000,000
Profit and loss account		( 4,468,438)	( 4,437,231)
		------------	------------
Shareholders deficit		( 468,438)	( 437,231)
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr L Shan

Director

Company registration number: 09704621

Fosun Eurasia Holdings (UK) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 18 & 19 Part First Floor, The Royal Exchange, London, EC3V 3LN, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are presented in Euro, which is the presentation currency of the entity. The directors have decided to prepare the financial statements on a basis other than going concern. As disclosed in the Directors’ Report, the directors have planned to strike-off of the company in 2025. Consequently, the company will cease all operations and will not continue as a going concern beyond the forthcoming accounting period. Accordingly, the going concern basis of accounting is not considered appropriate. Under this basis, assets are stated at their estimated realisable values and liabilities are stated at the amounts expected to be settled. All assets and liabilities are classified as current in the statement of financial position. Provisions have been made where necessary for costs associated with the winding-up of the company.

Going concern

Following the directors planned to strike-off the immediate holding company in 2025, the company will cease all operations and will not continue as a going concern beyond the forthcoming accounting period. As a result, the going concern basis of preparation is not considered appropriate, and the financial statements have been prepared on a basis other than going concern. Future costs associated with ceasing operations have been recognised in the financial statements as of 31 December 2024, as result of of ceasing to apply the going concern basis.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Auditor's remuneration

	2024	2023
	€	€
Fees payable for the audit of the financial statements	11,120	11,507
	--------	--------

5. Debtors

	2024	2023
	€	€
Other debtors	5,538	1,160
	-------	-------

6. Creditors: amounts falling due within one year

	2024	2023
	€	€
Trade creditors	357	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	600,355	571,842
Other creditors	18,172	11,507
	---------	---------
	618,884	583,349
	---------	---------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	€	No.	€
Ordinary shares of € 1 each	4,000,000	4,000,000	4,000,000	4,000,000
	------------	------------	------------	------------

8. Related party transactions

During the year, Fosun Management Holdings Limited (FMHL), the immediate holding company paid expenses of €22,162 on behalf of the company. At the year end, included in amounts owed to group undertakings, there is a balance of €600,355 (2023: €571,842) owed to FMHL. It includes a loan balance amount of €450,000 which is unsecured, interest free and payable on demand.

9. Controlling party

The company's immediate holding company is Fosun Management Holdings Limited which is registered in Hong Kong, China. The ultimate parent company of Fosun Management Holdings Limited is Fosun International Limited, a company incorporated in Hong Kong, China.