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INTANGIBLE ASSETS, NET | 6 Months Ended
--- | ---
Jun. 30, 2024
INTANGIBLE ASSETS, NET |
INTANGIBLE ASSETS, NET | 5.INTANGIBLE ASSETS, NET Intangible assets, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | December 31, | ​ | June 30,
​ |  | 2023 |  | 2024
Intangible assets with indefinite lives: | ​ |  | ​ |
Brand names |  | 5,327 |  | 5,229
Master brand agreement |  | 192 |  | 192
Intangible assets with finite lives: |  | ​ |  | ​
Franchise or manachise agreements |  | 281 |  | 274
Purchased software |  | 135 |  | 135
Other intangible assets |  | 75 |  | 74
Total |  | 6,010 |  | 5,904
Less: Accumulated amortization |  | 204 |  | 217
Less: Accumulated impairment loss | ​ | 526 | ​ | 513
Total |  | 5,280 |  | 5,174
​ Amortization expense of intangible assets for the six months ended June 30, 2023 and 2024 amounted to RMB23 and RMB20, respectively. No impairment was recorded for the six months ended June 2023 and 2024. ​ 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 2024 |  | 19
2025 |  | 31
2026 |  | 28
2027 |  | 23
2028 |  | 22
Thereafter |  | 128
Total |  | 251
​

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