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| Retained earnings | 12. Retained earnings Appropriated Pursuant to the relevant PRC laws, the profits distribution of the Company’s subsidiaries, which are based on their PRC statutory financial statements, are available for distribution in the form of cash dividends after these subsidiaries have paid all relevant PRC tax liabilities, provided for losses in previous years, and made appropriations to statutory surplus at 10% of their respective after-tax profits each year. When the statutory surplus reserve reaches 50% of the registered capital of a company, no additional reserve is required. For the three months ended June 30, 2025 and 2024, no statutory reserve was appropriated by the subsidiaries in China. For the six months ended June 30, 2025 and 2024, the subsidiary in China appropriated statutory reserve $1.5 million and $0.3 million, respectively. The Company’s activities in respect of the amounts of appropriated retained earnings for the three and six months ended June 30, 2025 and 2024, are summarized as follows (figures are in thousands of USD):
Unappropriated The Company’s activities in respect of the amounts of the unappropriated retained earnings for the three and six months ended June 30, 2025 and 2024, are summarized as follows (figures are in thousands of USD):
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