
	As of March 31,
	2025		2026
	RMB		RMB
Receipts under custody (1)		164,478		163,942
Deposits from merchants (2)		91,586		90,830
Accrued expenses		16,210		7,310
Payables for purchases of office building and building improvement		15,590		15,768
Other payables		13,340		14,142
		301,204		291,992

(1)

The receipts under custody mainly represent the amounts received by the Group from the registered users for their purchase through the Company’s online market platform, and have not been remitted to the third-party merchants yet.

(2)

The customer deposits mainly represent the cash deposits as collateral collected from the merchants of the online platform. The deposit can be withdrawn immediately after the merchants terminate its online shop on the platform.