| Schedule of Property, Plant and Equipment, Net |
| | |
As of
December 31, | | |
As of
June 30, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| Buildings (Note (a)) | |
| 13,084 | | |
| 45,027 | |
| Leasehold improvements | |
| 46,310 | | |
| 46,310 | |
| Furniture and office equipment | |
| 2,439 | | |
| 1,617 | |
| Motor vehicles | |
| 1,133 | | |
| 1,133 | |
| Investment properties | |
| 2,890 | | |
| 2,890 | |
| Total property, plant and equipment | |
| 65,856 | | |
| 96,977 | |
| Less: accumulated depreciation (Note (b)) | |
| (50,464 | ) | |
| (50,381 | ) |
| Less: impairment loss | |
| — | | |
| (5,824 | ) |
| Total property, plant and equipment, net | |
| 15,392 | | |
| 40,772 | |
| (a) | In December 2024, the Group made a prepayment of US$3.3 million
for acquisition of a property. The prepayment, which is also the total consideration, was included in “Prepayments and other assets,
net” on the Consolidated Balance Sheets as of December 31, 2024. The transaction was settled in January 2025, and the property
is recorded as “Buildings” included in “Property, plant and equipment, net” on the Unaudited Interim Condensed
Consolidated Balance Sheets. |
| (b) | Depreciation expenses were RMB244 and RMB925 for the six
months ended June 30, 2024 and 2025, respectively. |
|