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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 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, 

    

2023

    

2024

Cost:

  

  

Buildings

 

791

 

791

Leasehold improvements

 

11,053

 

11,187

Furniture, fixtures and equipment

 

2,448

 

2,363

Motor vehicles

 

2

 

2

 

14,294

 

14,343

Less: Accumulated depreciation

 

8,456

 

8,769

 

5,838

 

5,574

Construction in progress

 

259

 

108

Property and equipment, net

 

6,097

 

5,682

Depreciation expense was RMB1,312, RMB1,276 and RMB1,195 for the years ended December 31, 2022, 2023 and 2024, respectively.