Bank loans borrowed by subsidiaries of the Company (note ii)
5,005
5,007
6,006
6,509
(i)
The bank loans are denominated in Renminbi and are repayable within 1 year. The bank loans borrowed by the Company as of December 31, 2024 bears interest at fixed rates of 3.85% (2023: 3.85%) per annum. Interest paid during the year ended December 31, 2024 was approximately RMB54,000 (2023: RMB32,000 and 2022: RMB408,000).
(ii)
The bank loans are denominated in Renminbi and are repayable within 1 year. The bank loans borrowed by subsidiaries of the Company as of December 31, 2024, bears interest at a fixed rate of 4.85 % (2023: a fixed rate of 4.85 %) per annum and are secured by the subsidiary’s office premises and leasehold improvements and land use right. Interest paid during the year ended December 31, 2024 was approximately RMB184,000 (2023: RMB221,000 and 2022: RMB218,000).