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Trade Payables

12 Months Ended

Dec. 31, 2021

21. Trade payables


	December 31, 2021		December 31, 2020
	RMB’000		RMB’000
Trade payables		30,514		27,310

Trade payables

include

balances with related companies amounting to approximately RMB9,155,000 (2020: Nil), which are unsecured, interest-free and repayable in accordance with the terms of relevant agreements.

Terms and conditions of the above financial liabilities are as follows:

•

Trade payables are

non-interest-bearing

and are normally settled on terms ranging from 1 to 30 days; and

•

For explanations on the Group’s liquidity risk management processes, refer to Note 18.4.