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INTANGIBLE ASSETS, NET | 6 Months Ended
--- | ---
Jun. 30, 2023
INTANGIBLE ASSETS, NET |
INTANGIBLE ASSETS, NET | 5.INTANGIBLE ASSETS, NET Intangible assets, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | December 31, | ​ | June 30,
​ |  | 2022 |  | 2023
Intangible assets with indefinite lives: | ​ |  | ​ |
Brand names |  | 5,111 |  | 5,336
Master brand agreement |  | 192 |  | 192
Intangible assets with finite lives: |  | ​ |  | ​
Franchise or manachise agreements |  | 368 |  | 380
Purchased software |  | 128 |  | 134
Other intangible assets |  | 77 |  | 80
Total |  | 5,876 |  | 6,122
Less: Accumulated amortization |  | 178 |  | 200
Less: Accumulated impairment loss | ​ | 420 | ​ | 447
Total |  | 5,278 |  | 5,475
​ Amortization expense of intangible assets for the six months ended June 30, 2022 and 2023 amounted to RMB24 and RMB23, respectively. No impairment was recorded for the six months ended June 2022 and 2023. ​ The annual estimated amortization expense for the above intangible assets excluding brand names and master brand agreement for the following years is as follows: ​
​ | ​ | ​
​ |  | Amortization for
​ | ​ | Intangible Assets
Remainder of 2023 |  | 19
2024 |  | 33
2025 |  | 33
2026 |  | 31
2027 |  | 26
Thereafter |  | 158
Total |  | 300
​

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