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INTANGIBLE ASSETS, NET | 12 Months Ended
--- | ---
Dec. 31, 2023
INTANGIBLE ASSETS, NET |
INTANGIBLE ASSETS, NET | 6.INTANGIBLE ASSETS, NET Intangible assets, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2022 |  | 2023
Intangible assets with indefinite lives: | ​ |  | ​ |
Brand names |  | 5,111 |  | 5,327
Master brand agreement |  | 192 |  | 192
Intangible assets with finite lives: |  | ​ |  | ​
Franchise or manachise agreements |  | 368 |  | 281
Purchased software |  | 128 |  | 135
Other intangible assets |  | 77 |  | 75
Total |  | 5,876 |  | 6,010
Less: Accumulated amortization |  | 178 |  | 204
Less: Accumulated impairment loss(Note2) | ​ | 420 | ​ | 526
Total |  | 5,278 |  | 5,280
​ Amortization expense of intangible assets for the years ended December 31, 2021, 2022 and 2023 amounted to RMB65, RMB45, and RMB45, respectively. There were 3 brand names with indefinite lives acquired in DH acquisition. Impairment recognized relating to these brand names were RMB160, RMB167 and RMB160, respectively for the years ended December 31, 2021, 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
2024 |  | 33
2025 |  | 32
2026 |  | 29
2027 |  | 24
2028 |  | 23
Thereafter |  | 132
Total |  | 273
​

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