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EMPLOYEE BENEFITS
6 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
EMPLOYEE BENEFITS

 

15. EMPLOYEE BENEFITS

 

Full time employees of the Group in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to the employees. Chinese labor regulations require that the PRC subsidiaries make contributions to the government for these benefits based on certain percentages of the employees’ salaries, up to a maximum amount specified by the local government. The Group has no legal obligation for the benefits beyond the contributions made. Total amounts of such employee benefit expenses, which were expensed as incurred, were approximately RMB630,334 and RMB621,329 for the six months ended March 31, 2024 and 2025, respectively.