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PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2024
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, 

    

2023

    

2024

Cost:

  

  

Buildings

 

791

 

791

Leasehold improvements

 

11,053

 

11,073

Furniture, fixtures and equipment

 

2,448

 

2,301

Motor vehicles

 

2

 

2

 

14,294

 

14,167

Less: Accumulated depreciation

 

8,456

 

8,551

 

5,838

 

5,616

Construction in progress

 

259

 

266

Property and equipment, net

 

6,097

 

5,882

Depreciation expense was RMB653 and RMB610 for the six months ended June 30, 2023 and 2024, respectively.