13. Share-based compensation

The Group maintains the 2022 Share Incentive Plan. Awards under the plan include restricted share units (“RSUs”), share options and share awards. Each RSU represents the right to receive two Class A ordinary shares upon vesting, and each share option represents the right to purchase two Class A ordinary shares upon exercise.

The following table summarizes restricted share units (“RSUs”) activity during the six months ended June 30, 2026:

 Schedule of unvested restricted stock units activity

During the six months ended June 30, 2025 and 2026, the Group recognized share-based compensation expense of RMB3,656,000 and RMB5,674,000 respectively, in connection with the above RSUs.

As of June 30, 2026, unamortized compensation cost related to outstanding RSUs was RMB3,687,000 and was expected to be recognized over a weighted-average period of 1.79 years.

The following table summarizes share option activity during the six months ended June 30, 2026:

 Summary of changes in share options relating to ordinary shares granted

During the six months ended June 30, 2025 and 2026, share-based compensation recognized by the Group related to options were RMB527,000 and RMB(700,000), respectively.

As of June 30, 2026, unrecognized share-based compensation expense related to unvested share options was RMB109,000 and was expected to be recognized over a weighted-average period of 0.9 years.

On May 6, 2026, the Company granted an aggregate of 141,732 fully vested Class A ordinary shares, representing 70,866 ADSs, to three independent directors under the 2022 Share Incentive Plan. The Group recognized share-based compensation expense of RMB617,000 in connection with these share awards during the six months ended June 30, 2026.

 Schedule of share-based compensation expenses