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PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2023
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

4.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

As of

December 31, 

June 30, 

    

2022

    

2023

Cost:

  

  

Buildings

 

843

 

843

Leasehold improvements

 

10,952

 

10,998

Furniture, fixtures and equipment

 

2,520

 

2,608

Motor vehicles

 

3

 

3

 

14,318

 

14,452

Less: Accumulated depreciation

 

7,727

 

8,279

 

6,591

 

6,173

Construction in progress

 

193

 

230

Property and equipment, net

 

6,784

 

6,403

Depreciation expense was RMB660 and RMB653 for the six months ended June 30, 2022 and 2023, respectively.