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Intangible Assets, Net
12 Months Ended
Dec. 31, 2023
Intangible Assets, Net  
Intangible Assets, Net

9.

Intangible Assets, Net

Intangible assets, net consisted of the following:

As of December 31,

    

2022

    

2023

RMB

RMB

Brokerage licenses

 

14,558

 

60,558

Insurance adjusting license

 

2,293

 

2,293

Insurance agency license

 

35,130

 

35,130

Trademark and software copyright

 

2,142

 

77,042

Medical institution license

 

3,708

 

3,708

Total

 

57,831

 

178,731

Less: Accumulated amortization

 

(500)

 

(607)

Less: Impairment

 

(717)

 

(717)

Intangible assets, net

 

56,614

 

177,407

Amortization expense on intangible assets for the years ended December 31, 2021, 2022 and 2023 were RMB186, RMB139 and RMB138, respectively. As of December 31, 2023, the Group expects to record amortization expenses related to intangible assets RMB129 for each of the next five years from January 1, 2024 and RMB75 thereafter. RMB717, RMB nil and RMB nil of impairment losses were recognized on intangible assets and were included under “others, net” in the consolidated statement of comprehensive (loss)/income for the years ended December 31, 2021, 2022 and 2023, respectively. The impairment charges for the year end December 31, 2021 was related to the trademark.