RELATED PARTY TRANSACTIONS |
16. RELATED PARTY TRANSACTIONS The Group entered into the following transactions with related parties: | | | | | | | Six months ended June 30, | Transactions | | 2022 | | 2021 | | | RMB | | RMB | | | Unaudited | | Unaudited | Service purchased from Jinan QCY Intelligent Technology Co., Ltd., an entity significantly influenced by a member of management team of the Group | | (1,560) | | (1,279) | Service purchased from Beijing QC Technology Company Limited, an entity significantly influenced by a member of management team of the Group | | (146) | | (654) | Service purchased from Beijing HJRT Technology Co., Ltd., an entity significantly influenced by a member of management team of the Group | | (132) | | (132) | Borrowing from members of management team of the Group | | 1,203 | | — |
b. | The Group had the following balances with related parties: |
| | | | | | | | | | | Amounts due from related parties | | Amounts due to related parties | | | As of | | As of December 31, | Relationship | | June 30, 2022 | | December 31, 2021 | | June 30, 2022 | | December 31, 2021 | | | RMB | | RMB | | RMB | | RMB | | | Unaudited | | | | Unaudited | | | Shandong Shichuang Software Engineering Co., Ltd., an entity controlled by Executive Principal of Ambow Research Center | | — | | — | | 2,417 | | 2,417 | Members of management team of the Group | | — | | — | | 2,453 | | 1,250 | Jinan QCY Intelligent Technology Co., Ltd., an entity significantly influenced by a member of management team of the Group | | 774 | | 774 | | — | | — | Beijing QC Technology Company Limited, an entity significantly influenced by a member of management team of the Group | | 2,040 | | 2,040 | | 199 | | 126 | URSUS Information Technology (Beijing) Company Limited, an entity significantly influenced by a member of management team of the Group | | 201 | | 201 | | — | | — | Beijing HJRT Technology Co., Ltd., an entity significantly influenced by a member of management team of the Group | | 22 | | 88 | | 66 | | — | | | 3,037 | | 3,103 | | 5,135 | | 3,793 |
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